They are gonna spike this thing again.
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CHNR
- Thread starter blumartian
- Start date
Well, they spiked it again along with some dark horse China garbage. Wonder if they follow through before dumping off again.
this will defeinitely create an illusion: buy those beaten down china stocks, particularly penny stocks, people love to make fast money! they end up they get burned hard if their risk control not good enough!
market is irrational and created lots of temptation. I bought some at 26 and thought it may pullback at that point, but GEE, this thing just continue to go up! I was forced to buy since there is no shares avavlibe to shrt!
market is irrational and created lots of temptation. I bought some at 26 and thought it may pullback at that point, but GEE, this thing just continue to go up! I was forced to buy since there is no shares avavlibe to shrt!
You see this kind of garbage all the time in pennies. Same type of pattern It'll fall again. IMO this leg is done after tomorrows gap. It'll hold to somewhat tomorrow and then be a slow burn down once again.
seems like the prospect of rate cuts makes china more attractive because they are dollar pegged and it means an even bigger bubble.
Quote from JamesVU2000:
seems like the prospect of rate cuts makes china more attractive because they are dollar pegged and it means an even bigger bubble.
cutting rates is only going to cause bigger bubbles in other asset classes, reducing the rates is the wrong way to go about doing this. Everyone is hoping for 3% on the fed funds over the next 6-12 months. You think inflation is bad now wait till what happens after they drop the rates below 4%.
:eek: :eek: :eek: :eek: :eek: