Max Petrisek

Are Chinese Stocks Too Hot To Handle?

I track about 40 to 50 Chinese stocks listed here. The prediction of their demise is premature. The group is still on a roll after nearly 2 years.

Recent Moves by China Mobile Show Promise (CHL)

The hot stock is in this message & comments is GIGM. It was 9 in July and went to ~ 23 and today it's u holding at a comfortable $22. Must say the stocks that I've commented on in Seeking Alpha have been doing very well. Post my name in the question box at top and check them out, Be happy to answer questions on any of them.

Recent Moves by China Mobile Show Promise (CHL)

Trading the cycles is not for everyone. Chinese stocks have more violent swings than normal. Near everyone accepts the growth in China to continue thus GIGM blew up above the crowd but took about a 40 to 50 % hit in the past few months. Now it is recovering from the 6 levels to 9 but that is well below it's high. The real meaty story is the companies move to high growth and better margin products without losing their positive profits trend. The outstanding management and outlook for their new ventures is the best matrix for betting on GIGM. GIGM should outperform most of the stocks in that sector.