I was delighted to see my Chinese stocks light up this morning (CHL, LFC). Shanghai rallied 4+% percent last night making a huge reversal from the open. I believe we have seen a short term bottom from a very painful correction (painful is an understatement, the shanghai index dropped some 50% from peak!). Is all this buying pure speculation that the government will step in and stop the hemorrhage ahead of the olympics? It could be ... but I bet we'll see more bargin hunting even if we were to see lower lows.
I remain bullish of Taiwan:
http://www.reuters.com/article/rbssIndustryMaterialsUtilitiesNews/idUSTP26206620080423
http://afp.google.com/article/ALeqM5gmTM58C0oFJXLpmnfHUw2ZIqkH1Q
http://www.iht.com/articles/ap/2008/04/22/business/AS-FIN-ECO-Taiwan-China-Investment.php
Looking to buy: CAF [Morgan Stanely A Shares China mutual fund]
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1 comment:
Are you doing a any public speaches. I would pay 100 bucks a plate.
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