Official China Turd Index: Sucker's Sixteen

Quote from Tracy McGreedy:

That's called a market. These guys will most likely double, triple, quadruple from here before it's all "over".. All pullbacks are buy opps, circa nasdaq 1999.
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Just realize context; that the Shanghai boom has *already* dwarfed the nasdaq boom.

98 - mar 2000 was a nasdaq double.
Jan 06 - present: 500%


http://quote.yahoo.com/q/bc?s=000001.SS&t=2y

I'll be much more content leveraging up (via options) on more 'reasonable' positions. At least I can sleep at night without the prospect of a 50% gap down. (remember these stocks have no options yet) Realize you are SOL if HK decides to take a 20% dump one night.

The loser is the guy holding the dead tulip bulbs.
 
Quote from Titleist:

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.
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true.. the buyers will eventually turn bored of these.. And I'm sure some GS guys will be naked shorting these at the very top, just the perfect time to pad their statements.

you'd think the mgmt of these companies would get some brains and start diluting the floats by massive amounts ... That'll take care of share supply issues.
 
Supply is increasing every day, the past couple of days has seen so-called major exchange "IPOs" into the AMEX, if you can call the AMEX a major exchange, lol. Also, tomorrow there is the China Digital TV Holding IPO on NYSE.

Also, many of the insiders will start cashing out soon after the National week long holiday in China and will dump a lot of bloated shares on to the market. When there is demand, supply is found to meet that demand.
 
Quote from detective:

Supply is increasing every day, the past couple of days has seen so-called major exchange "IPOs" into the AMEX, if you can call the AMEX a major exchange, lol. Also, tomorrow there is the China Digital TV Holding IPO on NYSE.

Also, many of the insiders will start cashing out soon after the National week long holiday in China and will dump a lot of bloated shares on to the market. When there is demand, supply is found to meet that demand.
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whats the symbol of that IPO?
 
You guyz miss the point on China. China has been basing for a lonnngggg time like the US was in the 70s. During the 80s and 90s, the US market kept reaching higher and higher with no end in site. Then lets look at the Nikkei during the 80s. It went from 10k to 40k.

Of course there is always the end to the trend, but you never know when that will be. It may be next year, next decade, etc. If its going up, then it will continue to go up.
 
going much much higher. US dotcom was one of the biggest scams in history of mankind.

Quote from scriabinop23:

Just realize context; that the Shanghai boom has *already* dwarfed the nasdaq boom.

98 - mar 2000 was a nasdaq double.
Jan 06 - present: 500%


http://quote.yahoo.com/q/bc?s=000001.SS&t=2y

I'll be much more content leveraging up (via options) on more 'reasonable' positions. At least I can sleep at night without the prospect of a 50% gap down. (remember these stocks have no options yet) Realize you are SOL if HK decides to take a 20% dump one night.

The loser is the guy holding the dead tulip bulbs.
More...
 
The index is down 2.85% since inception.

Symbol Last Trade Change Shrs Price Paid Gain
- - 44.13 100 3,975.01$3,975.01 CHNR 4:01PM ET 39.75 Down 4.51 100 44.13 -437.99Down $438.00 Down 9.93%
- - 11.78 400 4,456.04$4,456.04 CSUN 4:01PM ET 11.14 Down 0.03 400 11.78 -255.96Down $256.00 Down 5.43%
- - 9.07 500 4,180.00$4,180.00 CTDC 4:00PM ET 8.36 Down 0.61 500 9.07 -355.00Down $355.00 Down 7.83%
- - 7.88 600 4,242.00$4,242.00 CNTF 4:00PM ET 7.07 Down 0.45 600 7.88 -486.00Down $486.00 Down 10.28%
- - 9.92 400 3,924.04$3,924.04 CPSL 4:00PM ET 9.81 Down 0.04 400 9.92 -43.96Down $44.00 Down 1.11%
- - 8.85 500 4,469.95$4,469.95 XFML 4:00PM ET 8.94 Up 0.19 500 8.85 44.95Up $45.00 Up 1.02%
- - 40.70 100 3,910.01$3,910.01 JRJC 4:01PM ET 39.10 Down 1.80 100 40.70 -159.99Down $160.00 Down 3.93%
- - 15.24 300 4,134.00$4,134.00 KUN 4:00PM ET 13.78 Down 1.34 300 15.24 -438.00Down $438.00 Down 9.58%
- - 25.11 100 1,766.00$1,766.00 RCH 3:59PM ET 17.66 Down 2.85 100 25.11 -745.00Down $745.00 Down 29.67%
- - 8.95 500 5,925.00$5,925.00 CDS 4:01PM ET 11.85 Up 3.10 500 8.95 1,450.00Up $1,450.00 Up 32.40%
- - 14.35 300 3,819.00$3,819.00 GSI 4:00PM ET 12.73 Down 2.61 300 14.35 -486.00Down $486.00 Down 11.29%
- - 2.59 1,800 5,976.00$5,976.00 ATS 4:01PM ET 3.32 Down 0.31 1,800 2.59 1,314.00Up $1,314.00 Up 28.19%
- - 8.28 600 4,589.94$4,589.94 KONG 4:00PM ET 7.65 Down 0.74 600 8.28 -378.06Down $378.00 Down 7.61%
- - 29.21 100 2,401.00$2,401.00 EFUT 4:00PM ET 24.01 Down 2.39 100 29.21 -520.00Down $520.00 Down 17.80%
- - 7.41 600 4,536.00$4,536.00 SCON 4:00PM ET 7.56 Up 0.02 600 7.41 90.00Up $90.00 Up 2.02%
- - 8.72 500 3,825.00$3,825.00 NOEC 4:00PM ET 7.65 Down 0.85 500 8.72 -535.00Down $535.00 Down 12.27%
- - - - 66,128.98$66,128.98 Total (USD): - - - - - -1,942.01Down $1,942.00 Down 2.85%
 
Market up huge and the China Turd index down about 4% on the day. BTW, the FXI was up big today. I don't think you can hedge these turds with the FXI, there isn't that much of a correlation between the two on a day to day basis and most of these turds are just daytrader plays that will be worn out and be left to rot and decay day after day as bagholders hang on hoping for the "next" pop.

The turds have topped, I cannot say the same for the real China stocks like BIDU, which seem to have legs.
 
Since 1978, China has averaged 9.4% annual GDP growth

It had a five-fold increase in total output per capita from 1982 to 2002

It had $61 billion in foreign direct investment in 2004 alone and foreign trade of $851 billion, the third-largest in the world

The US trade deficit with China exceeded $200 billion in 2005

China has $750 billion in foreign exchange reserves and is the second-biggest oil importer

Last year it turned out 442,000 new engineers a year; with 48,000 graduates with master's degrees and 8,000 PhDs annually; compared to only 60,000 new engineers a year in the US.

China for the first time (2004) surpassed America to export the most technology wares around the world. China enjoyed a $34 billion trade surplus with the US in advanced technology products in 2004 (The Economist, December 17, 2005). In 2005, the surplus increased to $36 billion

It created 20,000 new manufacturing facilities a year

It holds $252 billion in US Treasury Bonds (plus $48 billion held by Hong Kong)

Among the five basic food, energy and industrial commodities –grain and meat, oil and coal and steel –consumption in China has eclipsed that of the US in all but oil.

China has also gone ahead of the US in the consumption of TV sets, refrigerators and mobile phones

In 1996, China had 7 million cell phones and the US had 44 million. Now China has more mobile phone users than the US has people.

China has about $1 trillion in personal savings and a savings rate of close to 50%; U.S. has about $158 billion in personal savings and a savings rate of about 2% (The Wall Street Journal, Nov 19, 2005)
Shanghai boasts 4,000 skyscrapers – double the number in New York City (The Wall Street Journal, Nov 19, 2005)
Songbei, Harbin City in north China is building a city as big as New York City

Goldman Sachs predicts that China will surpass the US economy by 2041.

Yeah, dwarf sounds bout right.

Quote from scriabinop23:

Just realize context; that the Shanghai boom has *already* dwarfed the nasdaq boom.

98 - mar 2000 was a nasdaq double.
Jan 06 - present: 500%


http://quote.yahoo.com/q/bc?s=000001.SS&t=2y

I'll be much more content leveraging up (via options) on more 'reasonable' positions. At least I can sleep at night without the prospect of a 50% gap down. (remember these stocks have no options yet) Realize you are SOL if HK decides to take a 20% dump one night.

The loser is the guy holding the dead tulip bulbs.
More...
 
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