jtmuhn

Time to Hop Back Onboard the Asia Express?

interesting text-book rehash of technical investing. i have two comments. first, my guess is that if nothing disastrous happens during the olympics, the market will up. nerves are high now. second, i wish you added that there could be no value investing in China at this juncture. Chinese play the market like mahjong, so investor sentiment is not really investing sentiment here. as a matter of fact it is something like the opposite of investor sentiment. unlike many foreigners, Chinese know that without a judiciary or sec and with every Chinese company keeping two sets of books, the basis for value investing is absent. in markets here there is no transparency, and until the company p/e's reflect that risk (which they don't), every investment here is speculation. funny how no one on wallstreet blinked when sohu.com cooked their books this past quarter so their boss and others could dump stock. please don't use wording like "fundamental bargain" in the same sentence as "China". that said, insurance and one banking stock have almost hit my targets for a purchase - it is an event driven, yet technical purchase.