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  • Perfect World beats by $0.10, misses on revenue [View news story]
    A strong buy!
    Aug 18 08:13 PM | Likes Like |Link to Comment
  • Time To Panic Over Lipitor Litigation? [View article]
    Crestor and Lipitor are the same class of medicines. Switching makes no sense.
    Aug 11 12:43 PM | 2 Likes Like |Link to Comment
  • Changes In The Japanese Ministry Of Finance To Weaken Yen? [View article]
    Currency war is rotating around the global currencies. Ukrain-Russia conflict, if escalates further, will hurt euro because EC may dip into recession. Euro weakness drags down Japan's export driven economy. So in 6-18 months, yen will slide down again. In the meantime, weak holders if yen short position will unwind. When the long/short positions reaches 50/50. It is time to short again.
    Jul 26 05:08 PM | 1 Like Like |Link to Comment
  • The Dude Abides: China In The Golden Age Of Central Bankers [View article]
    Two of the rule changes that China seeks:
    1) Chip away USD's rule as a global reserve currency. Recently UK, Canada, Switzerland, France, Russia, etc all set up RMB settlement banks to facilitate RMB as global trade settlement currency.
    2) New Silk Road Strategy (OTCPK:NSRS). Energy deals with Russia and central Asian countries are part of this grand strategy. Now freight train can carry high value electronic and auto parts from cities in Germany and Netherlands to Chinese inland cities, such as Chongqing, Xian in short time. Middle East may potentially be integrated into this strategy as well. If successful, NSRS will most definitely marginalize Japan and US roles in Eurasia trade block.
    Jul 5 03:36 PM | 3 Likes Like |Link to Comment
  • Cree - Light Up Your Long-Term Portfolio On Dips [View article]
    PHG's plan to spin off its LED component business says a lot about the competitions from Asia. It is tough area to be in. I think CREE may go down to $30 range.
    Jul 4 10:26 AM | Likes Like |Link to Comment
  • Why Shorting Japan's 10-Year Government Bond Is Now A Fantastically Asymmetrical Trade [View article]
    Either yen or JGB has to give up in 6-18 months. I go with shorting the yen. Japan central bank can always crank the printing press to boost the JGB. Shorting JGB is not a sure thing in comparison with shorting the yen. I believe the central bank prefers trashing the currency to trashing JGB. Trashing the currency will boost Japan's export and may cause trade frictions. But trashing JGB will cause pension crisis and government solvency.

    When the yen goes down to 125-130, long Japanese equity market will be more profitable.
    May 29 11:35 PM | Likes Like |Link to Comment
  • Some Things To Consider If Spain Leaves The Euro [View article]
    Spanish unemployment has a lot to do with the labor laws in Spain, not just the German demand. Reforming the labor laws is more urgent than exiting the Euro. Internal labor cost adjustments is another mechanism to make Spain competitive but the people must be willing to shoulder the pains. Exiting the euro is just as painful as those reforms.

    There is not easy way out.
    May 26 09:52 AM | 5 Likes Like |Link to Comment
  • What Jim Rogers Is Buying Right Now [View article]
    I wonder when the interview was conducted. I suspect it was done quite a while ago. Japanese yen has appreciated substantially over the last few months. The yen short positions vs long is gradually declining. The interview is interesting. It is a way to learn from masters. But it offers little for traders.

    Timing is everything.
    May 19 12:17 PM | 1 Like Like |Link to Comment
  • A Physician Compares Gilead's And AbbVie's Hepatitis C Products [View article]
    I had GILD shares for over 6 years at very low cost basis. After reading this excellent review, I bought more. GILD presents more value than when I first bought it.
    May 12 10:32 AM | 2 Likes Like |Link to Comment
  • CTC Media - Textbook Contrarian Play [View article]
    The forward dividend is 8.1%. I am in.
    May 9 11:27 PM | Likes Like |Link to Comment
  • 3 Things To Like About Gilead Sciences [View article]
    Buy when others are fearful!!!!
    Apr 28 10:56 AM | 4 Likes Like |Link to Comment
  • Why Willem Buiter Believes Japan's Economy Is Unsustainable [View article]
    We have to take Willem Buiter's words as a grain of salt. He famously predicted Euro's demise and Greece's exit from Euro-zone before the end of 2012. Well, he was wrong.

    We all know Japan is in trouble. But we do not know when the Big Bang is coming and in what form or sequences or duration. Discussion with timing is more interesting.
    Apr 26 03:45 PM | 2 Likes Like |Link to Comment
  • Bitauto: Rising Expectations Should Translate Into A Higher Share Price [View article]
    I do not trust earnings from Chinese companies nor from US companies. I have had my lessons in both cases. It is, however, difficult to fudge revenue numbers. In a low growth world, it is not easy to find true growth stocks. BITA and ATHM fit profile of true growth stock. I hold core positions in them and then trade around the volatility which is rather severe in 2014.
    Apr 26 03:32 PM | Likes Like |Link to Comment
  • 2014: The Year Of Goodbye GDP, Hello Gross Output [View article]
    Can you comment on Steve Forbes' commentary? Here is the link.
    Apr 13 11:56 AM | Likes Like |Link to Comment
  • China Plays Security Card With Cisco Freeze Out [View article]
    We have seen similar revenue drop in China from IBM announcement.
    CSCO's business dropped not only in China but, in percentage term, even more re in India, Brazil, and Russia. They are all concerned. We really shoot ourselves in the foot.
    Nov 16 05:36 PM | 1 Like Like |Link to Comment