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einstein p fleet » Comments » BIDU

  • How I'm Playing the Chinese Rate Cut Rally [View article]
    I own JOYG at an average of around 17 a share and have been trading around the core position. It yields close to 4% at that level, so I'm very comfortable holding the stock until the madness subsides.

    GS upgraded the steelmakers yesterday, which bodes well for copper and metallurgic coal. That should also be of benefit to BUCY and JOYG.

    Not sure what happened to the 2B stock buy back, but I assume very little of it has been put to work given the stock has dropped sharply from the 42 dollar a share level. If the CEO thought the price was too low at 42, he must think it's a down right steal at 18.
    Dec 09 09:00 am |Rating: 0 0 |Link to Comment
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