rlirph

Bullish on China After My Recent Visit

It is amazing to see so many people leave sarcastic negative comments yet their comments have no substance.

Beijing Ren do you live in China now? Does your six week stay in China make you a better person to judge China than some one who spends two weeks only?

To James do you speak Mandarin? Which secret Chinese society do you want to join? May be I can help you...what a joke!

I have been living in Guangzhou for two years now...a transplant from LA. Like every place it has its own benefits and drawbacks. You just have to figure which place offers the best combo. Meantime I have decided to stay...

How can you compare China with the US or any western country? - where people are making a fraction of what Americans are making?
China has many its own problems, just like any emerging country. It may come through with flying colors or it may not. It will be at least thirty years before one can make a sensible judgment.

Bullish on China After My Recent Visit

It is interesting to hear Mr. Farley had to say and I as a US citizen living in Guangzhou for two years appreciate his comments.

Why does any one has to jump on him because of what he said? It is the opinion of one person. Ever heard people are talking about how arrogant and self-centered the Americans are?

China is an emerging country. It still needs another 30 years before it becomes a threat to the US. Relax, everyone.... Meantime I listened to Jim Rogers and have moved every thing from LA to HK/GZ. I am sure that over a long haul it will be financially rewarding.

China's Worst Bear Market

I agree with James V, too many posters make half correct comments which I think is a disservice to the community. Some posters are still confused that there are indeed two Chinese stock markets for the mainland stocks - the mainland A shares and the Hong Kong H shares. The A shares and H shares are identical cousins but are traded at different market values.

When you buy FXI or Proshare Ultra you are buying or shorting the H shares. Again the same company stock can go in different direction on the same day. If you do not know what you are buying you are going to hurt yourself.

The other correction is that although many big enterprises are government owned (State Owned Enterprises) there are many more private enterprises which have come into the market. Those shares are not in the hands of corrupt government officials.

In summary China stock market is an emerging market. Just like Hong Kong in the 1970's we used to laugh at how immature and how volatile the market was. But who has the last laugh now...

For those who does not know Hong Kong market I bailed out the market in 1973 when the Hang Seng Index dropped to 153. Now it is over 25,000. China will be similar in a lot way. The market is full of great potential but there is a lot of volatility and hiccups along the way.

The recent pullback provides a great opportunity for people to get back in. I was in when Shanghai Index was 1800 and got out when it fell to 4800 after reaching 6100. Now I am very tempting to get back in... I am not sure if the bottom is 3000 or 1800.

If your goal is to make money where else do you have this opportunity to triple your money in two years?

Shanghai Fails To Break Above Upwards Trendline

You would be correct if everything goes up and down in a straight line. Ever since moving to Guangzhou from Los Angeles last year I read the US readers' comments with amusements as most of them have not been here. They are writing comments which they are qualified...