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Official China Turd Index: Sucker's Sixteen
- Thread starter detective
- Start date
ie. short 1000 peace biatchesI've made a portfolio of the China Turd Index, with up to $5000 for each stock, rounded down to the nearest 100 shares. Here are the results at 2:45 pm EST.
Symbol Last Trade Change Shrs Price Paid Gain
- - 44.13 100 4,433.80$4,433.80 CHNR 2:46PM ET 44.27 Up 5.02 100 44.13 20.80Up $14.00 Up 0.32%
- - 11.78 400 4,456.00$4,456.00 CSUN 2:45PM ET 11.14 Down 0.40 400 11.78 -256.00Down $256.00 Down 5.43%
- - 9.07 500 4,405.00$4,405.00 CTDC 2:45PM ET 8.81 Down 0.40 500 9.07 -130.00Down $130.00 Down 2.87%
- - 7.88 600 4,656.00$4,656.00 CNTF 2:44PM ET 7.76 Down 0.37 600 7.88 -72.00Down $72.00 Down 1.52%
- - 9.92 400 3,852.00$3,852.00 CPSL 2:46PM ET 9.64 Down 0.53 400 9.92 -116.00Down $112.00 Down 2.82%
- - 8.85 500 4,340.00$4,340.00 XFML 2:44PM ET 8.68 Down 0.16 500 8.85 -85.00Down $85.00 Down 1.92%
- - 40.70 100 4,017.00$4,017.00 JRJC 2:45PM ET 40.14 Down 3.11 100 40.70 -53.00Down $56.00 Down 1.38%
- - 15.24 300 4,410.03$4,410.03 KUN 2:41PM ET 14.80 Up 4.21 300 15.24 -161.97Down $132.00 Down 2.89%
- - 25.11 100 2,170.00$2,170.00 RCH 2:40PM ET 21.70 Up 2.95 100 25.11 -341.00Down $341.00 Down 13.58%
- - 8.95 500 4,480.00$4,480.00 CDS 2:41PM ET 8.93 Down 0.47 500 8.95 5.00Down $10.00 Down 0.22%
- - 14.35 300 4,155.00$4,155.00 GSI 2:40PM ET 13.82 Up 4.34 300 14.35 -150.00Down $159.00 Down 3.69%
- - 2.59 1,800 5,130.00$5,130.00 ATS 2:40PM ET 2.87 Up 0.67 1,800 2.59 468.00Up $504.00 Up 10.81%
- - 8.28 600 4,932.00$4,932.00 KONG 2:46PM ET 8.22 Down 0.24 600 8.28 -36.00Down $36.00 Down 0.72%
- - 29.21 100 2,770.00$2,770.00 EFUT 2:46PM ET 27.65 Down 3.95 100 29.21 -151.00Down $156.00 Down 5.34%
- - 7.41 600 4,394.28$4,394.28 SCON 2:45PM ET 7.32 Down 0.17 600 7.41 -51.72Down $54.00 Down 1.21%
- - 8.72 500 4,421.50$4,421.50 NOEC 2:45PM ET 8.87 Up 0.92 500 8.72 61.50Up $75.00 Up 1.72%
- - - - 67,022.61$67,022.61 Total (USD): - - - - - -1,048.39Down $1,006.00 Down
Symbol Last Trade Change Shrs Price Paid Gain
- - 44.13 100 4,433.80$4,433.80 CHNR 2:46PM ET 44.27 Up 5.02 100 44.13 20.80Up $14.00 Up 0.32%
- - 11.78 400 4,456.00$4,456.00 CSUN 2:45PM ET 11.14 Down 0.40 400 11.78 -256.00Down $256.00 Down 5.43%
- - 9.07 500 4,405.00$4,405.00 CTDC 2:45PM ET 8.81 Down 0.40 500 9.07 -130.00Down $130.00 Down 2.87%
- - 7.88 600 4,656.00$4,656.00 CNTF 2:44PM ET 7.76 Down 0.37 600 7.88 -72.00Down $72.00 Down 1.52%
- - 9.92 400 3,852.00$3,852.00 CPSL 2:46PM ET 9.64 Down 0.53 400 9.92 -116.00Down $112.00 Down 2.82%
- - 8.85 500 4,340.00$4,340.00 XFML 2:44PM ET 8.68 Down 0.16 500 8.85 -85.00Down $85.00 Down 1.92%
- - 40.70 100 4,017.00$4,017.00 JRJC 2:45PM ET 40.14 Down 3.11 100 40.70 -53.00Down $56.00 Down 1.38%
- - 15.24 300 4,410.03$4,410.03 KUN 2:41PM ET 14.80 Up 4.21 300 15.24 -161.97Down $132.00 Down 2.89%
- - 25.11 100 2,170.00$2,170.00 RCH 2:40PM ET 21.70 Up 2.95 100 25.11 -341.00Down $341.00 Down 13.58%
- - 8.95 500 4,480.00$4,480.00 CDS 2:41PM ET 8.93 Down 0.47 500 8.95 5.00Down $10.00 Down 0.22%
- - 14.35 300 4,155.00$4,155.00 GSI 2:40PM ET 13.82 Up 4.34 300 14.35 -150.00Down $159.00 Down 3.69%
- - 2.59 1,800 5,130.00$5,130.00 ATS 2:40PM ET 2.87 Up 0.67 1,800 2.59 468.00Up $504.00 Up 10.81%
- - 8.28 600 4,932.00$4,932.00 KONG 2:46PM ET 8.22 Down 0.24 600 8.28 -36.00Down $36.00 Down 0.72%
- - 29.21 100 2,770.00$2,770.00 EFUT 2:46PM ET 27.65 Down 3.95 100 29.21 -151.00Down $156.00 Down 5.34%
- - 7.41 600 4,394.28$4,394.28 SCON 2:45PM ET 7.32 Down 0.17 600 7.41 -51.72Down $54.00 Down 1.21%
- - 8.72 500 4,421.50$4,421.50 NOEC 2:45PM ET 8.87 Up 0.92 500 8.72 61.50Up $75.00 Up 1.72%
- - - - 67,022.61$67,022.61 Total (USD): - - - - - -1,048.39Down $1,006.00 Down
The turd index is up $771.00 or 1.13% at the close from where I initiated with a STRONG SELL rating.
Symbol Last Trade Change Shrs Price Paid Gain
- - 44.13 100 4,426.00$4,426.00 CHNR 4:00PM ET 44.26 Up 5.01 100 44.13 13.00Up $13.00 Up 0.29%
- - 11.78 400 4,466.40$4,466.40 CSUN 4:00PM ET 11.17 Down 0.37 400 11.78 -245.60Down $244.00 Down 5.18%
- - 9.07 500 4,485.00$4,485.00 CTDC 3:59PM ET 8.97 Down 0.24 500 9.07 -50.00Down $50.00 Down 1.10%
- - 7.88 600 4,512.00$4,512.00 CNTF 4:00PM ET 7.52 Down 0.61 600 7.88 -216.00Down $216.00 Down 4.57%
- - 9.92 400 3,940.00$3,940.00 CPSL 4:00PM ET 9.85 Down 0.32 400 9.92 -28.00Down $28.00 Down 0.71%
- - 8.85 500 4,375.00$4,375.00 XFML 4:00PM ET 8.75 Down 0.09 500 8.85 -50.00Down $50.00 Down 1.13%
- - 40.70 100 4,090.00$4,090.00 JRJC 4:00PM ET 40.90 Down 2.35 100 40.70 20.00Up $20.00 Up 0.49%
- - 15.24 300 4,535.97$4,535.97 KUN 3:59PM ET 15.12 Up 4.53 300 15.24 -36.03Down $36.00 Down 0.79%
- - 25.11 100 2,051.00$2,051.00 RCH 4:01PM ET 20.51 Up 1.76 100 25.11 -460.00Down $460.00 Down 18.32%
- - 8.95 500 4,375.00$4,375.00 CDS 4:00PM ET 8.75 Down 0.65 500 8.95 -100.00Down $100.00 Down 2.23%
- - 14.35 300 4,602.00$4,602.00 GSI 4:00PM ET 15.34 Up 5.86 300 14.35 297.00Up $297.00 Up 6.90%
- - 2.59 1,800 6,534.00$6,534.00 ATS 4:00PM ET 3.63 Up 1.43 1,800 2.59 1,872.00Up $1,872.00 Up 40.15%
- - 8.28 600 5,034.00$5,034.00 KONG 4:00PM ET 8.39 Down 0.07 600 8.28 66.00Up $66.00 Up 1.33%
- - 29.21 100 2,640.00$2,640.00 EFUT 4:00PM ET 26.40 Down 5.20 100 29.21 -281.00Down $281.00 Down 9.62%
- - 7.41 600 4,524.00$4,524.00 SCON 4:00PM ET 7.54 Up 0.05 600 7.41 78.00Up $78.00 Up 1.75%
- - 8.72 500 4,250.00$4,250.00 NOEC 4:00PM ET 8.50 Up 0.55 500 8.72 -110.00Down $110.00 Down 2.52%
- - - - 68,840.38$68,840.38 Total (USD): - - - - - 769.37Up $771.00 Up 1.13%
Symbol Last Trade Change Shrs Price Paid Gain
- - 44.13 100 4,426.00$4,426.00 CHNR 4:00PM ET 44.26 Up 5.01 100 44.13 13.00Up $13.00 Up 0.29%
- - 11.78 400 4,466.40$4,466.40 CSUN 4:00PM ET 11.17 Down 0.37 400 11.78 -245.60Down $244.00 Down 5.18%
- - 9.07 500 4,485.00$4,485.00 CTDC 3:59PM ET 8.97 Down 0.24 500 9.07 -50.00Down $50.00 Down 1.10%
- - 7.88 600 4,512.00$4,512.00 CNTF 4:00PM ET 7.52 Down 0.61 600 7.88 -216.00Down $216.00 Down 4.57%
- - 9.92 400 3,940.00$3,940.00 CPSL 4:00PM ET 9.85 Down 0.32 400 9.92 -28.00Down $28.00 Down 0.71%
- - 8.85 500 4,375.00$4,375.00 XFML 4:00PM ET 8.75 Down 0.09 500 8.85 -50.00Down $50.00 Down 1.13%
- - 40.70 100 4,090.00$4,090.00 JRJC 4:00PM ET 40.90 Down 2.35 100 40.70 20.00Up $20.00 Up 0.49%
- - 15.24 300 4,535.97$4,535.97 KUN 3:59PM ET 15.12 Up 4.53 300 15.24 -36.03Down $36.00 Down 0.79%
- - 25.11 100 2,051.00$2,051.00 RCH 4:01PM ET 20.51 Up 1.76 100 25.11 -460.00Down $460.00 Down 18.32%
- - 8.95 500 4,375.00$4,375.00 CDS 4:00PM ET 8.75 Down 0.65 500 8.95 -100.00Down $100.00 Down 2.23%
- - 14.35 300 4,602.00$4,602.00 GSI 4:00PM ET 15.34 Up 5.86 300 14.35 297.00Up $297.00 Up 6.90%
- - 2.59 1,800 6,534.00$6,534.00 ATS 4:00PM ET 3.63 Up 1.43 1,800 2.59 1,872.00Up $1,872.00 Up 40.15%
- - 8.28 600 5,034.00$5,034.00 KONG 4:00PM ET 8.39 Down 0.07 600 8.28 66.00Up $66.00 Up 1.33%
- - 29.21 100 2,640.00$2,640.00 EFUT 4:00PM ET 26.40 Down 5.20 100 29.21 -281.00Down $281.00 Down 9.62%
- - 7.41 600 4,524.00$4,524.00 SCON 4:00PM ET 7.54 Up 0.05 600 7.41 78.00Up $78.00 Up 1.75%
- - 8.72 500 4,250.00$4,250.00 NOEC 4:00PM ET 8.50 Up 0.55 500 8.72 -110.00Down $110.00 Down 2.52%
- - - - 68,840.38$68,840.38 Total (USD): - - - - - 769.37Up $771.00 Up 1.13%
I used to look at valuations, P/Es and fundamentals. I believe its the sucker that looks at those things...
I would look at the general trend and ask yourself if its going up or down and just follow it. Things like fundamentals just get in the way of logical thought. Keep it simple...
I would look at the general trend and ask yourself if its going up or down and just follow it. Things like fundamentals just get in the way of logical thought. Keep it simple...
Turds? These have been some of the most profitable stocks I have ever owned. These are great stocks.
Crappy fundamentals and absurd valuations....Who cares?
Crappy fundamentals and absurd valuations....Who cares?
Quote from detective:
Ok, by popular demand, I have started the China Turd Index.
They will include 16 Chinese stocks which have gone up solely based on momentum with crappy fundamentals and absurd valuations.
Here are the Sucker's Sixteen and the price as of ~1:45 pm EST October 4 2007:
CHNR 44.13
CSUN 11.78
CTDC 9.07
CNTF 7.88
CPSL 9.92
XFML 8.85
JRJC 40.70
KUN 15.24
RCH 25.11
CDS 8.95
GSI 14.35
ATS 2.59
KONG 8.28
EFUT 29.21
SCON 7.41
NOEC 8.72
I will check back on these stocks from time to time at a later date.
Given the floats on some of these, they can look expensive only to get flipped again and again putting in newer highs at the blink of an eye. 2 million float with 10 million in volume means higher given how few have access to shorting them. Most traders can only go long, and given the float in some of these its a couple of hours, who knows. Right now it's where every trader is hanging out watching them looking for buyops to flip. I think if volume continues to hang out in chinese stocks, it's not done for weeks even if FXI put in that ugly island doji reversal candle.