shanghai is just amazing, up 2.27% to new record high.

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S2007S

SSE Composite Index (Shanghai:000001.SS) Delayed quote data Edit
Index Value: 3,398.95
Trade Time: 3:00AM ET
Change: Up 75.36 (2.27%)
Prev Close: 3,323.585
Open: 3,333.422
Day's Range: 3333.26 - 3399.51
52wk Range: 1,446.99 - 3,334.22
 
China markets are running on fumes. Next 10% drop in one day is coming pretty soon... both to China equity markets and US markets too. My indicators say sell this week...
 
Quote from lauriston:

China markets are running on fumes. Next 10% drop in one day is coming pretty soon... both to China equity markets and US markets too. My indicators say sell this week...
More...


10% should not surprise anyone. Im sure the next 10% drop will take it back to around 3000, next stop would be a STRAIGHT RUN to 4000 by mid 2007 and 5000 by end of 2007. :p :p :p
 
EPS growth rate at 40-60%. I could say the index is more likely to get another 100% return within 3 months.
 
Quote from ByLoSellHi:

Buy all dips.
More...

But how does one buy the dips in China?
The government is still not allowing foreigners/foreign banks to do business in their country.

And the banks/brokers dont even want to because chinese stockmarket is corrupt and nonregulated.
Buying illiquid ADRs or the index future is not for me.
 
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