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alivinlee
4 Comments
PetroChina: Proof the Chinese Bubble is About to Burst? [view article]
I don't know why everybody can use this 1 Trillion figure and write a story without looking a little deeper. Shanghai's 4 Billion shares issued is only 2.18% of outstanding shares. The bigger bulk of shares are listed in Hong Kong and NYSE ADR, and the China Government. With HK and ADR shares at 16, and 212 price carrying the bulk of the weighted listing below 400 Billion. Still below Exxon's 488 Billion. Nov 08 04:08 AMPetroChina: Proof the Chinese Bubble is About to Burst? [view article]
I don't know why everybody can use this 1 Trillion figure and write a story without looking a little deeper. Shanghai's 4 Billion shares issued is only 2.18% of outstanding shares. The bigger bulk of shares are listed in Hong Kong and NYSE ADR, and the China Government. With HK and ADR shares at 16, and 212 price carrying the bulk of the weighted listing below 400 Billion. Still below Exxon's 488 Billion. Nov 08 04:07 AMTwo Points on the China Bubble [view article]
That last sentence doesn't work for me. It's supposedly the answer to prevent a train wreck. Yet what exactly does Paul mean "... is to buy things. Now" Buy what? Other companies? Land? Commodoties? Buildings? Expansion? Other stocks? Merge? Doesn't that just make things worse? Oct 31 03:44 PMTwo Points on the China Bubble [view article]
That last sentence doesn't work for me. It's supposedly the answer to prevent a train wreck. Yet what exactly does Paul mean "... is to buy things. Now" Buy what? Other companies? Land? Commodoties? Buildings? Expansion? Other stocks? Merge? Doesn't that just make things worse? Oct 31 03:44 PM