timezero

"The Company Should Never Have Gone Public" (JRJC)

JRJ is just a joke like China's own stock market. Without having any idea about corporate governance and fiduciary responsibility to public investors, lack of integrity has led to the crash of the whole system. It was quite like what happend in the US before 1933. Insider trading and cooked books are everywhere. Once you put down your money into Chinese stock market, you are entering a trap or another and get burned sooner or later. What most Chinese investors count on now is technical analysis. After all, what can they believe? The only thing left is the chart. Sadly, it is just a toy of manipulators.

With this backdrop, will a online financial advisory firm prosper? An idiot can tell. What can they offer? They basially act as accomplice of those manipulating masterminds, giving value-destroying advice one by one. In fact, the only thing they can do to create value for the investors is to tell them keep away from the casino-in-nature market.