China ETFs

PetroChina Soars

PetroChina Co., China's largest oil producer, jumped 44 cents, or 2.4 percent, to HK$19.14. A 74 percent gain in its shares this year helped PetroChina to this week overtake General Electric Co. as the world's second-largest company by market value.
 
Quote from brettdoyle:

You guys seriously gonna short ptr? I was considering it with a conservative stop but it seems like playing with fire...
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i bought a 210 November put to hedge out some other longs I have (not chinese)... but yes, playing with fire. I wouldn't dare outright short it.. Not in this market.

If Chinese govt came out and said HK/Shanghai arb is a no go and/or Shanghai actually had a long overdue correction, this would shave 50 pts in a second.
 
Chinese Govt is the wild card. Now that they have found that they can talk markets up or down they seem to be making the most of it.
 
Buffet sold His ENTIRE stake in PTR due to price increase,

uh oh.....


i know stocks skyrocket when he buys, now lets see when he sells them


Im short PTR for the record.
 
decision in light of certain order flow activity and the exchange’s objective to preserve market quality

Translation: A Chinese syndicate is ramping it.
 
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