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BIG oportuniky at CSGJ now as value intertors from geo-investors and kimchi milanire netwurks are strategically looking to buy blocks. you see volume last couple of days guess who chee chee chee
welcome me back as i and kimchi like to welcome you all. we make disapearing act but now we ok. markets tought this year but we do okay.
kimchi studiesd short selling and we do okay during credit crises.
poor kimchi almost fire for nonsense but he learning and ok. we both ok and look forward to north amercian markets again.
FXP was 80, I said it would go to 120 (its here). WNRC was at .06, I said it would go to .40 (it has awesome news today with more coming). Get into WNRC and I will deliver the 100% China play in 10 days.
Hey folks. AEPW, take a peek. Its a pure China play and they recently opened a 330,000 sq foot facilty (10 fold increase) and will have 45 new offices in China by the end of the month to fuel growth.
8o)
You could learn a lot from a dummy... FXP out at 106 :)
Who loves FXP? IT MOVES! :D
What do you know FXP is coming back. :D
wish i had been shorting them... just been staying away from them altogether... had some uve but dumped it and moved on... only stock i'm playing now is TZOO charts look good here... gl
Just remember even Warren Buffet has short positions in banking stocks.
boardmarked it ty...
and i agree with u...
http://investorshub.advfn.com/boards/read_msg.asp?message_id=26494414
Surprisingly some good conversation about China on http://investorshub.advfn.com/boards/board.asp?board_id=1561 board.
China is going down.
China's inflation rate hits 11-year high
Year-over-year growth rate's 8.7% for February; food costs cited
http://www.marketwatch.com/
FXP should have no problem breaking its HOD...already up that 5% I said :)
Good day trade on FXP for 5% :) in now, out at the close.
I don't think so. I have a TD account, but use another for Chinese Trades (which are rare)... normally just FOREX.
does tdameritrade do that?
You'll like it :)
But, you have to be able to trade on HK exchange.
"In the next 2 weeks I am going to list a TRUE CHINA play - an OIL COMPANY on the Honk Kong Exchange with American Ties. A 5-10 BAGGER!"
i'm looking forward to that...;)
And they all thought I was crazy when QQQQ was at $47 in early January and I said China was going to crash along with the US and we were going to see QQQQ go under $40 within 3-4 months. Almost there! My price target on FXP is now $120! Not sure it will get below $95 again, but anything under $100 is a steal.
The little pinkie WNRC has gone from $.06 to $.17 in the last 40 days, looking for it to go to $.50.
In the next 2 weeks I am going to list a TRUE CHINA play - an OIL COMPANY on the Honk Kong Exchange with American Ties. A 5-10 BAGGER!
Looking for OIL to go to $120/barrel by Summer.
Think I am going to keep in the ultra short one more day. China is not a good place to be in right now. And, will become horrific.
tough call. i know my china portfolio looks very bad today. could be overdone, but just cant be sure in this market.....
Hmm... to hold FXP overnight? up 25% :D
Gulf Resources, Inc. Announces Strong Fourth Quarter and Year-End 2007 Financial Results, and Provides a 2008 Outlook
Monday March 10, 7:58 am ET
-- 2007 Revenues Increase 71% to $54.2 million -- 2007 Net Income Increases 223% to $12.2 million -- 2007 EPS Increases 192% to $0.13 per diluted share
NEW YORK and SHANDONG PROVINCE, China, March 10 /Xinhua-PRNewswire- FirstCall/ -- Gulf Resources, Inc. (the "Company") (OTC Bulletin Board: GFRE - News), a leading producer of bromine, crude salt and specialty chemicals in China, today announced operating results for the fourth quarter and year-end 2007 and its outlook for 2008.
Net revenues for the fourth quarter of 2007 increased 108% to $15.4 million compared to $7.4 million for the fourth quarter of 2006. Fourth quarter net income was $2.6 million, compared to a loss of $1.6 million for the fourth quarter of 2006, with earnings per share increasing to $0.03 per diluted share compared to a loss of $0.02 per diluted share for the comparable period of 2006. This improvement reflected $5.3 million of pre-tax organizational expenses that the Company incurred in the fourth quarter of 2006 that were not repeated in the fourth quarter of 2007. Without this, the net income and earnings per share for the fourth quarter of 2006 would have been $1.9 million and $0.02, respectively.
Net revenues for the full year 2007 increased 71% to $54.2 million compared to $31.7 million for the full year 2006. Full year 2007 net income was $12.2 million, an increase of $8.4 million, or 221%, from the full year 2006 with earnings per share increasing to $0.13 earnings per diluted share compared to $0.04 per diluted share for the comparable period in 2006, based on 96.7 million and 86.4 million diluted weighted average shares outstanding, respectively. This improvement also reflected the $5.3 million of pre-tax organizational expenses incurred in 2006. Without this, the net income and earnings per share for 2006 would have been $7.1 million and $0.04, respectively.
Mr. Ming Yang, Chief Executive Officer of Gulf Resources stated, "During the fourth quarter we continued to flawlessly integrate the businesses of the four bromine producers we acquired earlier in the year. We are particularly pleased with our employees' efforts in this regard, which enabled the Company to significantly increase revenues and net income from the prior year's comparable quarter."
Commenting on the year, Mr. Yang continued, "2007 was a notable year for Gulf Resources. We became the largest independent bromine producer in China with a market share of approximately 20%, as we more than doubled our production capacity. Including the acquisition we made in early 2008, our annual capacity is now 31,400 metric tons. Also, during the year, we acquired Shouguang Yu Xin Chemical Industry Co. which enabled us to vertically integrate into the bromine derivatives and specialty chemicals markets -- an area we are particularly excited about. Additionally, 2007 was a year where we took the necessary steps to enhance our corporate governance. The Company elected two US independent directors to our Board, Mr. Richard Khaleel and Mr. Biagio Vignolo, who both have a wealth of experience that we will draw upon."
Fourth Quarter Highlights
The $8.0 million increase in fourth quarter net revenues was attributable to strong growth in sales in our bromine and crude salt segment, which increased 98% to $10.1 million in the fourth quarter 2007 from $5.1 million in the fourth quarter 2006. This was primarily as a result of the four bromine asset purchases completed in 2007, as well as enhancing the production of our existing facilities. Another factor contributing to the Company's revenue increase was the more than doubling of chemical product sales, reaching $4.8 million in the fourth quarter 2007 as compared to $2.3 million for the fourth quarter 2006. This increase resulted from equipment upgrades made during December 2006, the introduction of new products and the addition of new customers.
Gross profit in the quarter was $6.1 million with a gross margin of 39.8%, compared to $2.8 million in gross profit and gross margin of 37.4% recorded during the fourth quarter 2006. The favorable variances resulted from increased sales of products resulting in large part due to the asset acquisitions, operational efficiencies and cost control.
General, administrative, and research and development expenses in the quarter were $0.9 million, up $0.7 million from last year's fourth quarter level reflects the costs of the new corporate structure. As noted previously, fourth quarter 2006 reflected $5.3 million of costs associated with developing the Gulf organization.
Net income in the fourth quarter was $2.6 million, reflecting an effective tax rate in the quarter of 50% due to the disallowance in 2007 of certain prior year's organizational costs which resulted in an adverse tax effect of $0.7 million. This quarter's net income improved by $4.2 million from the prior year's loss of $1.6 million.
Full Year Highlights
The $22.5 million full year increase in net revenues was attributable to strong growth of sales within our bromine and crude salt segment, which increased 90 % to $34.0 million in 2007 from $17.8 million in 2006. This was primarily a result of the four bromine asset purchases completed in 2007, as well as enhancing the production of our existing facilities. Another factor contributing to the Company's revenue growth was the increase in chemical product sales, reaching $20.2 million in 2007 as compared to $13.9 million for 2006. This increase resulted from equipment upgrades made late in 2006, the introduction of new products and the addition of new customers.
Gross profit for the year was of $22.1 million with a gross margin of 40.8%, compared to $11.2 million in gross profit and gross margin of 35.4% recorded during 2006. The favorable variances resulted from increased sales resulting largely due to the asset acquisitions, operational efficiencies and cost control.
General, administrative and research and development expenses for the year were $2.1 million, up $1.6 million for last year's fourth quarter level due to the costs of the new organizational structure. As noted previously, 2006 included $5.3 million of organizational costs.
Net income for the year was $12.2 million, reflecting an effective tax rate of 38.9% due to the disallowance in 2007 of some of the prior year's organizational costs. This year's net income increased $8.4 million from the prior year's $3.8 million.
Balance Sheet and Cash Flow
The Company had $10.8 million in cash and equivalents, and $15.4 million in notes payable as of December 31, 2007. During the year, the Company generated $16.0 million in cash from operations, an increase of $9.6 million over the 2006 level, which reflected the improved level of net income.
Fiscal 2008 Outlook
Mr. Yang concluded, "As we continue through 2008, we will seek to grow our Company through meaningful and profitable acquisitions, in both our business segments. We will leverage our expertise and capabilities to achieve further profitable growth for our Company and provide increased value to our shareholders. Our future is very bright and we eagerly look forward to executing on our strategy and thus realizing opportunities ahead."
Gulf Resources updated guidance for its 2008 full year financial results below. This guidance includes the expected contributions from previously announced acquisitions, a continuation of current exchange rates, and a five percentage point reduction in the expected Chinese tax rate. It does not include the impact of unusual charges, potential acquisitions, or funding for those acquisitions.
-- Revenues are expected to be between $84 million to $90 million.
-- Net income is expected to be between $22 million to $25 million.
-- Diluted earnings per share are expected to be between $0.22 and $0.25.
About Gulf Resources, Inc.
Gulf Resources, Inc. operates through two wholly-owned subsidiaries. SCHC is engaged in manufacturing and trading bromine and crude salt in China. Bromine is used to manufacture a wide variety of compounds utilized in industry and agriculture. SYCI manufactures chemical products utilized in oil & gas field explorations and as papermaking chemical agents.
For more information, please visit http://www.gulfresourcesco.com .
Forward-Looking Statements
Certain statements in this news release contain forward-looking information about Gulf Resources and its subsidiaries business and products within the meaning of Rule 175 under the Securities Act of 1933 and Rule 3b-6 under the Securities Exchange Act of 1934, and are subject to the safe harbor created by those rules. The actual results may differ materially depending on a number of risk factors including, but not limited to, the general economic and business conditions in the PRC, future product development and production capabilities, shipments to end customers, market acceptance of new and existing products, additional competition from existing and new competitors for bromine and other oilfield and power production chemicals, changes in technology, the ability to make future bromine asset purchases, and various other factors beyond its control. All forward-looking statements are expressly qualified in their entirety by this Cautionary Statement and the risks factors detailed in the Company's reports filed with the Securities and Exchange Commission. Gulf Resources undertakes no duty to revise or update any forward- looking statements to reflect events or circumstances after the date of this release.
Gulf Resources, Inc. and Subsidiaries
Consolidated Statements of Operations
($ in millions, except per share amounts)
(unaudited) (unaudited)
Three months ended Twelve months ended
December 31, December 31,
2007 2006 2007 2006
Revenue $ 15.4 $ 7.4 $ 54.2 $ 31.7
Cost of revenue 9.3 4.6 32.1 20.5
General, administrative, and
research and development
expenses 0.9 0.2 2.1 0.5
Organizational costs -- 5.3 -- 5.3
Income from operations 5.2 (2.7) 20.0 5.4
Other income (expenses) 0.1 0.3 -- 0.3
Income before income taxes 5.3 (2.5) 20.0 5.7
Income taxes - current 2.6 (0.9) 7.8 1.9
Net income $ 2.6 $ (1.6) $ 12.2 $ 3.8
Basic and diluted earnings
per share $ 0.03 $ (0.02) $ 0.13 $ 0.04
Basic and diluted weighted
Average number of shares 99,687,468 96,390,680 96,688,504 86,410,880
Segment Information
(unaudited)
($ in millions)
Bromine
and Chemical Segment
Crude Corporate Consolidated
Salt Products Total Total
Twelve months ended
December 31, 2007
Net revenue $ 34.0 $ 19.8 $ 53.8 $ -- $ 53.8
Maintenance service
income -- 0.4 0.4 -- 0.4
Income (loss) from
operations $ 14.2 $ 7.2 $ 21.3 $ (1.3) $ 20.0
Twelve months ended
December 31, 2006
Net revenue $ 17.8 $ 13.9 $ 31.7 $ -- $ 31.7
Income from
operations $ 1.7 $ 3.7 $ 5.4 $ -- $ 5.4
Gulf Resources, Inc. and Subsidiaries
Selected Consolidated Balance Sheet Items($ in millions)
December 31, December 31,
2007 2006
Cash and cash equivalents $ 10.8 $ 5.7
Accounts receivable 4.0 1.4
Property, plant and equipment, net 30.1 4.5
Notes payable
Short term 9.9 --
Long term 5.5 --
Accounts payable and accrued expenses 2.9 6.2
Taxes payable 1.5 0.5
Total stockholders' equity $ 26.5 $ 8.2
Selected Consolidated Cash Flow Items
($ in millions)
(unaudited)
Twelve months ended
December 31,
2007 2006
Net cash provided by operating activities $ 16.0 $ 6.4
Property, plant and equipment, (22.7) (1.6)
Proceeds from issuance of notes payable 14.8 --
Dividends paid (4.7) (5.7)
Free cash flow (use) $ (6.7) $ 4.8
Free cash flow (use) is defined by the Company as net cash provided by operating activities, less spending on property, plant and equipment. The Company believes that this measure, which is a non-GAAP financial measure, is useful to investors as an indicator of cash flow available or required for debt and other investing activities, such as acquisitions. The Company utilizes free cash flow (use) as a further indicator of operating performance and for planning investing activities.
For more information, please contact:
Kevin McEnery
Managing Director - Finance
Gulf Resources, Inc.
Tel: +1-646-200-6302
Email: Kevin@gulfresourcesco.com
Ethan Chuang
Vice President - Corporate Development
Gulf Resources, Inc.
Tel: +1-646-200-6316
Email: Ethan@gulfresourcesco.com
Adam Jacobs
Winning IR Company, Ltd.
Tel: +1-646-200-6351
Email: Adam.Jacobs@winningir.com
Tongjitang Receives Proposal to Acquire All Outstanding Shares of the Company
Monday March 10, 8:00 am ET
SHENZHEN, China--(BUSINESS WIRE)--Tongjitang Chinese Medicines Company ( Tongjitang or the Company ; NYSE: TCM), a specialty pharmaceutical company focusing on the development, manufacturing, marketing and selling of modernized traditional Chinese medicine, announced today that it had received a letter dated March 9, 2008, proposing to acquire all of the outstanding ordinary shares of the Company (including ordinary shares outstanding in the form of American Depositary Shares, or ADSs) in a scheme of arrangement transaction under Cayman Islands law that would result in the Company becoming a privately-held company. The proposal is from Mr. Xiaochun Wang, chairman of the board of directors and chief executive officer of the Company, and Mr. Yongcun Chen, a director of the Company. Mr. Wang and Mr. Chen propose to pay US$2.55 in cash for each outstanding share of the Company (or US$10.20 per ADS). The proposal is expressed to be subject to obtaining committed financing and the execution of satisfactory definitive agreements.
The Board of Directors of the Company (other than Messrs. Wang and Chen) is considering the proposal. The Company plans to form a special committee of the Board of Directors, composed of the Company’s two independent directors, in connection with this process. In addition, the Company is considering appointing an independent financial advisor to advise it and the special committee.
About Tongjitang Chinese Medicines Company
Tongjitang Chinese Medicines Company, through its operating subsidiaries Tongjitang Pharmaceutical, Tongjitang Distribution, Tongjitang Chain Stores, and Tongjitang Planting, is a vertically integrated and profitable specialty pharmaceutical company focusing on the development, manufacturing, marketing and selling of modernized traditional Chinese medicine in China. Tongjitang’s principal executive offices are located in Shenzhen, China.
Tongjitang’s flagship product, Xianling Gubao, is the leading traditional Chinese medicine for the treatment of osteoporosis in China as measured by sales in Renminbi amounts. In addition to Xianling Gubao, the company manufactures and markets 10 other modernized traditional Chinese medicine products and 37 western medicines. Visit www.tongjitang.com for more information.
Safe Harbor Statements
This press release contains forward-looking statements that are made pursuant to the safe harbor provisions of the Securities Litigation Reform Act of 1995. Although the Company believes that the expectations reflected in such forward-looking statements are based on reasonable assumptions, such statements are subject to risks and uncertainties that could cause actual results to differ materially from those projected. Although the Company believes that the expectations expressed in these forward-looking statements are reasonable, they cannot assure you that their expectations will turn out to be correct, and investors are cautioned that actual results may differ materially from those described in the forward-looking statements in this press release. A number of factors could cause actual results to differ materially from those contained in any forward-looking statement, including but not limited to the following: our growth strategy; our future business development, results of operations and financial condition; our heavy dependence on the success of Xianling Gubao; our ability to market Xianling Gubao to hospitals and to retail pharmacies; the retail prices of our principal products’ being subject to price control by the government authorities in China; our products’ inclusion in national and provincial medical catalogs of the National Medical Insurance Program in China; our ability to obtain approval from the State Food and Drug Administration in China to convert a provisional national production standard of our principal products to a national final production standard; our ability to continue having the exclusive production rights for our products; our ability to further improve our barrenwort extraction efficiency; our ability to obtain manufacturing or marketing approval for our future products; our dependence on a limited number of distributors for a significant portion of our net revenues; our ability to protect our intellectual property rights and defend infringement or misappropriation claims by third parties; intense competition in the pharmaceutical market in China; the supply of quality medicinal raw materials; and uncertainties with respect to the legal system in China. Further information regarding these and other risks is and will be included in our registration statement on Form F-1 and other documents filed and to be filed with the U.S. Securities and Exchange Commission. The Company does not undertake any obligation to update any forward-looking statement, except as required under applicable law. All information provided in this press release is as of the date of this press release, and the Company undertakes no duty to update such information, except as required under applicable law.
Contact:
Integrated Corporate Relations, Inc.
In the U.S.
Ashley Ammon MacFarlane and Christine Duan
203-682-8200
or
In Asia
Xuyang Zhang
86 10 8523 3087
--------------------------------------------------------------------------------
Source: Tongjitang Chinese Medicines Company
AsiaInfo to Upgrade China Mobile's Business Operation Support System in Inner Mongolia
Monday March 10, 8:00 am ET
BEIJING and SANTA CLARA, Calif., March 10 /Xinhua-PRNewswire-FirstCall/ -- AsiaInfo Holdings, Inc. (Nasdaq: ASIA - News), a leading provider of telecom software solutions and IT security products and services in China, today announced that it has signed a contract with China Mobile, the world's largest mobile operator, to expand its Business Operation Support System (BOSS) in China's Inner Mongolia.
(Logo: http://www.newscom.com/cgi-bin/prnh/20040312/CNF002LOGO )
Under the terms of the agreement, AsiaInfo will update the carrier's BOSS to comply with China Mobile's new BOSS 3.0 specifications, optimize system architecture, and expand system capacity to accommodate rapid subscriber growth. The updated system will feature enhanced revenue management, risk control and data consistency, and provide better support for valued-added services and enterprise customers.
"China's telecom industry continues to experience rapid development as carriers look for ways to increase their competitive edge by providing advanced customer services," said Steve Zhang, AsiaInfo's president and chief executive officer. "AsiaInfo is proud to be a market leader in this area. With our deep understanding of the China market and innovative solutions, AsiaInfo stands poised to build on this leadership as the telecom industry in China continues its ongoing evolution."
About AsiaInfo Holdings, Inc.
AsiaInfo Holdings, Inc. (Nasdaq: ASIA - News) is a leading provider of high- quality telecom software solutions and IT security products and services to some of China's largest enterprises as well as many small and medium sized companies in China. An established leader in the Chinese telecommunications industry, AsiaInfo became a prominent supplier of IT security products and services in China with the acquisition of Lenovo's non-telecom related IT services business in 2004.
Organized as a Delaware corporation, AsiaInfo began operations in the United States in 1993. The company moved major operations to China in 1995 and played a significant role in the construction of the national backbone and provincial access networks for all of China's major national telecom carriers, including China Telecom, China Mobile, China Unicom and China Netcom. Since 1998, AsiaInfo has continued diversifying its product offerings and is now a major provider of telecom software solutions in China.
For more information about AsiaInfo, please visit http://www.asiainfo.com .
The information contained in this document is as of March 10, 2008. AsiaInfo assumes no obligation to update any forward-looking statements contained in this document as a result of new information or future events or developments.
This document contains forward-looking information about AsiaInfo's operating results and business prospects that involve substantial risks and uncertainties. You can identify these statements by the fact that they use words such as "anticipate," "estimate," "expect," "project," "intend," "plan," "believe," and other words and terms of similar meaning in connection with any discussion of future operating or financial performance. Among the factors that could cause actual results to differ materially are the following: government telecommunications infrastructure and budgetary policy in China; our ability to maintain our concentrated customer base; the long and variable billing cycles for our products and services that can cause our revenues and operating results to vary significantly from period to period; our ability to meet our working capital requirements; our ability to retain our executive officers; our ability to attract and retain skilled personnel; potential liabilities we are exposed to because we extend warranties to our customers; risks associated with cost overruns and delays; our ability to develop or acquire new products or enhancements to our software products that are marketable on a timely and cost-effective basis; our ability to adequately protect our proprietary rights; the competitive nature of the markets we operate in; political and economic policies of the Chinese government. A further list and description of these risks, uncertainties, and other matters can be found in our Annual Report on Form 10-K for the fiscal year ended December 31, 2006, and in our periodic reports on Forms 10-Q and 8-K (if any) filed with the United States Securities and Exchange Commission and available at http://www.sec.gov .
For more information, please contact:
For Investors:
Charles Zhang
AsiaInfo Holdings, Inc.
Tel: +86-10-8216-6039
Email: ir@asiainfo.com
For Media:
Justin Knapp
Ogilvy Public Relations Worldwide
Tel: +86-10-8520-6556
Email: justin.knapp@ogilvy.com
Commodity Investing
Signals From China
Donald Straszheim 03.09.08, 6:00 PM ET
The National People's Congress (NPC) of China is meeting for an annual event in Beijing--an amalgam of the U.S. State of the Union address, a joint session of Congress, U.S. political convention and real discussion groups.
The NPC confabs bear watching because they signal what is really on the leaders' minds. At the top of China's agenda at present is the nation's too-hot economy and too-high inflation.
The NPC meetings involve a lot of "speechifying," networking and discussion. China's political and governmental decision making is very much consensus-driven; neither ideas nor individuals on the fringe get very far. Advancement of an idea involves getting other officials behind it and working the system (selling the idea, recruiting allies, building a support group) from the inside out.
There is real debate at the NPC meetings, but China's NPC largely ratifies many earlier decisions on important issues--legislation, election, removal, as well as social, political and economic items.
Chinese Premier Wen Jaibao set four 2008 government targets in his opening address: improving the economy's structure; lifting productivity; raising energy efficiency; and environmental protection and remediation. These are broad, consensus targets--hardly items of potential disagreement. But more specifically, economic growth that is too hot and inflation that is too high remain Beijing's dominant focus areas.
Premier Wen announced an 8% gross domestic product growth target for 2008. Don't be misled; this is boilerplate--Beijing would be unhappy with growth this low. China has specified an 8% target the last three years while actual real GDP growth has been double-digits for the last five years.
The 8% "target" is a directional guide to the bureaucracy--Beijing's way to stress the importance of the "quality" of economic expansion rather than just emphasizing its speed. It reminds us of the risk of potential economic overheating. China is comfortable with the 9.4% cumulative annual growth achieved since 1995, although alarmed at the 11%-plus of recent years.
Despite the premier's caution, I believe that my own 8.9% China real GDP growth forecast for 2008 would upset Beijing--too cold, not too hot. As a consequence, I see an end to monetary tightening in 2008 and a temporary halt to the recent, very rapid currency appreciation. If growth in China slows uncomfortably, Beijing will no longer risk its all-important export industry with further currency appreciation and less-affordable exports.
The head of China's central bank has said recently that inflation is China's most important challenge. Beijing set a 4.8% inflation target for 2008, the same pace as in 2007, after China's consumer price index (CPI) climbed to its decade high of 7.1% in January. Since they haven't been very successful to date, look for more little administrative steps to control prices--encouraging imports of essential commodities, controls on various exports, more sales from government stockpiles, and subsidies to farmers to encourage production.
In my view, the 4.8% target for 2008 is out of reach. China is changing from a net crop exporter to an importer. Global grain stocks are down 50% since 1997. I see China's CPI, averaging 6.5% for the total year, concerning.
Neither energy nor the environment has been much discussed at the current NPC meetings, but they are well known to be enduring matters of high importance. China wishes to reduce its reliance on shaky imports of energy products and is working on ways to gain access to secure sources of fuel for the economy.
Its energy industry is also working, driven by the state, to twist the economy's structure toward more energy efficient industries and sectors. And the environment is never very far from consciousness--because it is so despoiled. I expect the NPC to ratify and drive home these points in the next few days.
The so-called "through train" program, which China proposed in August 2007 (and then announced a delay in November 2007) is on hold indefinitely. The program would have allowed Chinese citizens, for the first time, to buy stocks in Hong Kong--in other words, "overseas."
Part of the earlier motivation for the plan was to cool the bubble-like Shanghai stock market. That market, largely closed to outside investors, is down 30% from its all-time high in October 2007 and down 18% year-to-date. It is probably months still before this program gets revamped and actually launched. Quite frankly, how the Hong Kong market does is of little interest to officials in Beijing.
Two other items deserve highlighting. First, government restructuring to reduce bureaucratic redundancy and improve efficiency is always a topic. How the government arranges the chairs is important--but rarely decisive. And second, a new official needs to be named to replace retiring Vice Premier Madame Wu Yi (U.S. Treasury Secretary Henry Paulson's counterpart) in charge of the financial sector.
Most in Beijing would agree that the financial sector remains China's weakest link. And most every China-watcher would agree that filling Madame Wu's shoes is a tall order, but nothing will be more important to China in the coming years than continuing to develop a modern, robust, transparent financial sector.
Donald H. Straszheim is vice chairman of Roth Capital Partners in Los Angeles, former global chief economist at Merrill Lynch, a visiting scholar at the University of California-Los Angeles Anderson School of Management and a longtime China specialist. He previously served as president of the Milken Institute and joined Roth in 2006 to spearhead the firm's China initiatives.
nice!;)
AMCN looking good here imo... moved down on very lil volume the last two days...
15m chart saying breakout on the way jmo...
In a nutshell, find a beat up sector with one or two shining stars and short them, because they will get pulled down too. Financials, Tech, Internet Sales... Especially Internet Sales.
Sold FXP at 103. :)
WNRC could double next week on the flight of their airship and a sale.
Shorted QQQQ at 44, covering at 42
Closing out a CIEN position :D
Have MRVL shorted
Shorted C at 45 seeing if it will go to 15
Buying HOKU this week to ride past 10
Mostly looking to continue to short and/or buy puts or bear put spreads on financials that still have a decent price (not many) or internet related sellers (i.e. Ebay, AMZN, etc.) - they are all going to continue to do much worse and expecting MAJOR layoffs.
Would not be surprised to see Fortune 100 companies lay off 1 Million employees in the next 3-4 months.
thx SmallCapFundNYC
watcha looking at for today and/or next week... ty
As of this minute its tough to call, but it did have a nice bounce up. Nice one!
thx... i do too...
thinking of doubling up here... should see 23 very soon imo
daily and 15m charts
fwiw i bought the break at 19
daily
15m looks ready for the next leg up imo...
I like it. Haven't read much of the filings, but business sounds good. They have alot to live up to..... Expecting .57 EPS next year....
have you had a chance to look at AMCN?
very nice! how do you like AMCN?
weeeeeeeeeeeee.........
i bought the break at 19.01!!!!;)))
1000 shares ave 19.01
i expect it will test the ma(50) this week... glta
Who loves the FXP! up 15% this week! :)
Yeah its raining set ups. lol
I covered CHL in a video the other day If I go in today my stop will be just below support with a short ready to follow up. I think it will find support here and next stop break out.
Short the Shorts. Sounds about right. LOL.
I think some people might laugh at the market cap of my hedge fund. LOL.
I am an ametuer at TA, and I am seeing a ton of great set ups. I can only imagine what you are seeing..... I really hope the market sets this bottom. Some real money to be made, I agree.
You adding CHL today too? TOL is hanging in so far today when it could of falling off the map lol.
Usually stocks that are china stock have to adjust to there market and by doing so cause a gap since we dont trade at the same time, you would prob find that its traded in both countries. If we could get a bottom to set in we would be a huge hedge fund and me and you could do business lol. FXP if its the talk of china time to possibly short. In a few days just looked at chart lol.
Why are there so many gaps in that sucker?
Welcome to the board. If we can get this market to set in the bottom for good, we could have a little more to talk about over here... For now FXP seems to be the talk of China. LOL
**China somthing CHA**
I would buy the reversal of today and ride this alllll the way up for the break out and enjoy the break out or one could just wait patiently for the break out to occur.
Nice structure to the symmetrical triangle.
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12/30/07
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