Chinese Government On Mission To Cool Stock Market

Quote from austinp:

Get back to us when the market drops -50% and report how many "investors" and traders have kept their money thru the ride.

Fearless forecast: A few will realize how to keep their windfall, the majority will lose most or all of their bankroll, if not more.

Making it was one thing... keeping it is another. Most are piling in at the top, and it'll be a spectacular show when the dominos inevitably fall :eek:
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You read my mind Austin.

Don't expect those chinese retail investros to be like US traders. Many of them would go sit in front of a computer in a "Brokerage", mind you with out a system, more of them sitting in front of electroinc quote broads, then would quene in front of a counter. They are in their 50s, retirees/housewifes, those people grow up in the worst possible time (cultural revolution between the late 60s to late 70s), properly the most uneduated group of chinese since WWII and you think they will foucs on risk management?

Worst, the Shanghi market is only around 20 years old, the market just didn't have enough collapse to make those retails to respect the risk.

TVB (TV Channel) in Hong Kong went to a brokerage in Shanghi on 2/28 to interview retail investers, and I remember one answered "it can't go straight up to 4000", that was after a 8.84% drop in SSEC, positive thinking, huh?
 
Quote from Willleung:

They are plungers, not investors. Do you think they read annual reports?
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you talk as if you do?
I don't.
I bet 0.1% of the traders do.
99% of the traders don't even know the earnings date, let alone reading an annual report.
 
Quote from ByLoSellHi:

Those Chinese investors are sick. Their appetite for risk puts us Yankees to shame.

10% one day correction, and they're lining up the next day asking for more pain.
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Agreed. I question the "Chinese Century" pitch because of things like this...total disregard for reality among the public and officials trying to dampen the situation which just gets more out of control.

It will take more and more hardline legislation to calm people down probably.

Soon they really will be acting more like communists and restricting people from buying things on the street for fear that they may be making speculative buying on the future flow of toilet paper or pencils.
 
Quote from Tums:

you talk as if you do?
I don't.
I bet 0.1% of the traders do.
99% of the traders don't even know the earnings date, let alone reading an annual report.
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I did but I don't do stocks anymore..

Don't expect them to be as professional as traders in the US, check my other post on this tread
 
Quote from atozcom:

Sour grapes
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I dont trade the Chinese market nor pay much attention to it -- save when its in the papers.

Most investors will tell you 150% appreciation in 12 months equates to rampant speculation. Meaning unsustainable.

All the best.
 
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