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hi wiseman, good afternoon. i'll check this out.
RE:
understood. still liking CTRP for a china play
understood. still liking CTRP for a china play
maybe andi will chat a few here.
i let them go a little too long without some comments.
there is a lot to talk about china.
someone gave me a list of companies.
tough keeping up with it all, I can relate
right on, good morning. had to go back to see where i was.
RE:
News out on CJGH new china steel ball play. ITs up nearly 600%, thats a good way to start things off.
answer:
we should get more china play stuff here.
i need to shop around for some assistants to help with sons and daughter stuff.
new ones keep me very busy.
andi doesn't post much from china much. he lives there.
born in germany.
needs some news mick and its running
let's see 08/08/08 ?????
Ancient China's Technology
Ancient China invented crucial technologies such as iron tools, the blast furnace, and the seed drill, in some cases, 2,000 years before the West. Confucian ideals made possible China culture of discovery. ... The Science & Technology Ancient China Taught the West ... A Chinese Seed Drill: This technology was used in China for. thousands of years before it was introduced into Europe ...
see this one is getting active again.
News out on CJGH new china steel ball play. ITs up nearly 600%, thats a good way to start things off.
hi opida, good morning. any asian updates for us?
hi trader, is this one still trading?
hi opida, adding this to our ibox.
http://www.atimes.com/atimes/Asian_Economy.html
http://www.businessmonitor.com/bmo/asia/?gclid=CLam-P6P04wCFQnGgAodhSarqQ
hi traderdogzz, i didn't have time to reasearch this. is this a china company?
NVMH.... easy uptick on buying... 6K shares took oyt .55 slot... spread is a bit wide... reasone to believe news it is a buy at this level./....
Tigers or bears in India
11.4.06 | 10:40 By Doron Tsur
There are a lot of advantages for investors who venture beyond their home turf. They can seek out markets offering fatter rewards for risk than are available in their home markets. And even if the risk/reward is not more attractive than available at home, diversification of their portfolio to mitigate risk is generally a good idea.
Technological advances and the growing range of financial instruments means that most investors can put their money almost anywhere in the world at a mouse click, or at least at a phone call. They can also be reasonably assured that the transaction will take place.
But there are disadvantages to straying afar, the main one being unfamiliarity with the target market and the companies trading there. The risks may not be obvious to the newcomer. The investor is an outsider - though that may be an advantage, in imperviousness to fleeting sentiment.
I encountered a case like that in 1993, when foreign investors started coming to Israel. A colleague of mine and I met with an investor running a fund that targeted emerging markets, who had dropped by Israel to learn the market. At the time, Israel's story was spectacular: peace around the corner (that was just after the Oslo agreements), a fast-growing economy thanks to the massive Russian immigration.
We were happy to relate
Said investor, a man with many years of activity under his belt, heard our review of the economic situation, the companies, and past performance of the indices (which were phenomenal after two boom years). And then he asked us how involved private investors were in the stock market, and whether they financed their investments through credit.
We happily told him that private investors were deeply involved in trade, especially in IPOs. We told him about the massive oversubscription at offerings. Sure, there was a lot of credit being used because the banks were lending money to people for investment in mutual funds.
And at that point he lost all interest in Israel. In an unexpected burst of frankness he told us that in his opinion, the market was caught up in a speculative madness and it was just a matter of time until the whole thing collapsed. And then he left.
He was right.
A year and a half later, in the summer of 1995, at the height of the bear market, suddenly a fax arrived out of nowhere, with buy orders for shares in a few TA-25 index stocks.
The view from home
I learned a lesson from all this: sometimes the view from afar can be clearer than the view closer to home. An outsider can be far more objective than players at home.
A lack of information about a foreign market can be overcome by research, if one is willing to devote the time to it. Psychological bias due to close involvement is harder to overcome.
This week I noticed an article by Andy Mukherjee, a columnist for Bloomberg News. Mukherjee works out of Singapore covering the Indian market. I know nothing about Mr Mukherjee, though his picture indicates that he's young.
The piece discussed the love affair among Indian investors for futures on specific shares.
It turns out that the volume of trade in such futures is breaking records. India's trade in single-stock futures is six times higher than parallel trade in Euronext.liffe, Europe's futures and derivatives exchange.
He quotes a leading light in the Indian investment world, R.H. Patil, who warned about the possibility of stock manipulation through futures and the leverage being used by the unwary.
Mukherjee does not agree with Patil, evidently: "Single-stock futures have allowed retail Indian investors, who had no credit rating and no familiarity with modern derivatives, to become speculators." That is a wonderful thing, he concludes.
That sentence would bother me, if I were an investor in Indian stocks. I don't think there is anything wonderful about naïve investors using financial leverage - meaning, borrowing money to invest in stocks or futures. They don't understand the risks.
Mukherjee's is only one opinion but he may well represent a shift in sentiment. Widespread use of credit for investment by people who don't really understand the market may be exacerbating a speculative bubble. It is nothing new: that has been the pattern of many a bubble.
That's what happened in America back in the 1920s, in Israel in 1993 and to tech stocks in America in 1999. Whether credit is used to buy stocks or futures doesn't matter: it increases the demand for securities without an increase in equity.
I do not have pretensions of having any idea what will happen to the Indian market in the months or years to come. There are ample positive processes in that great country that could well continue to support the stock market.
The fact that there is evidently intense speculation going on doesn't mean a crash is coming. My intention is simply to shed light on a phenomenon of which investors should be aware, in order to make more informed decisions.
Doron Tsur is CEO of Compass Mutual Funds. The writer and his company may hold securities, including ones mentioned in this article. In no case should this article be perceived as a recommendation to buy or sell securities. Any such action is the responsibility of the reader alone.
http://www.haaretz.com/hasen/pages/ArticleContent.jhtml?itemNo=705056
Dubi
i have been busy so i'll try for some updates soon.
TO ALL, BBCMF,FRIENDS AND READERS. ONE OF FRIENDS HAS PASSED ON. IF YOU WOULD LIKE TO SAY SOMETHING FOR HER OR ABOUT HER GIVE THIS PALACE A CLOCK TO.
IN MEMORY FOR MARIE az2820
http://www.investorshub.com/boards/board.asp?board_id=2463
hi andi, i added these to our iboxes.
NetWorking with Moderator: FinancialAdvisor Assistants: FinancialAdvisorFinancialAdvisor's College Class(FACC)...#board-2767
NetWorking with Moderator: kgoodrich Assistants: cats, flota, Gok...Seasonals rock...#board-1616 & #board-3424 Seasonals rock.
NetWorking with: Moderator: puppman Assistants: Creede Bighorns, rrufff...The Transparent Flamingo 2...#board-5260
NetWorking with Moderator: SeriousMoney, Assistants: None...
Toby Smith Stock Review...#board-4469
Moderator Or An Assistant To These Forums In This Click...#msg-10253185
NetWorking with Moderator: Trade_4_Money,Assistants: IAMSAM, Pay_tience...PENNIES TO DOLLARS...#board-3802
hi dubi, this article about china banks is good for banking.
china still grows day by day.
Good morning Mick,
Biggest IPO in six years: China's ICBC tapping markets for $10 billion
26.2.06 | 15:10 By TheMarker and Reuters
Top Chinese lender The Industrial and Commercial Bank of China has solicited bids from eight banks, for the right to arrange its $10 billion initial public offering, a Hong Kong newspaper said on Saturday.
Its Hong Kong offering would be the biggest in the world for six years, since Cingular Wireless raised $10.6 billion in April 2000.
Goldman Sachs, Credit Suisse, Deutsche Bank, Merrill Lynch, China International Capital Corp, and HSBC Holding were selected, the South China Morning Post quoted unnamed sources as saying.
The offering would make ICBC the third of China?s four biggest banks to float stock.
The paper said Wall Street giant Morgan Stanley was excluded, and so apparently was Citibank. Morgan Stanley, with its Chinese joint venture CICC, sponsored the $9.2 billion Hong Kong listing of China Construction Bank last year.
ICBC, which has said it hopes to sell shares to the public before the end of the year, has brought in strategic investors in preparation for the listing.
The bank agreed last month to sell stakes totalling $3.8 billion to Goldman Sachs, Germany's Allianz and American Express.
In August 2005, the Bank of China hired Goldman Sachs, UBS and its own investment banking division to handle a $6-8 billion flotation. China Construction Bank, the nation's third biggest, hired minority shareholders and China International Capital ahead of raising $9.2 billion in November.
http://www.haaretz.com/hasen/spages/687412.html
Dubi
with the ihub doing some updates , it won't happen now.
Ok we'll be watching..
i did for feb. 28. about noon.
No, I didnt..but guess I should
hi peoria, good morning. i had to do it here. right on.
did you pick a wag guess for the 10mil.th posting?
Good one Mick..
here is a good one. pix...
Diplomat wants water
An Arab diplomat visiting the U.S. for the first time was being wined and dined by the State Department. The Grand Emir was unused to the salt in American foods (french fries, cheeses, salami, anchovies etc.) and was constantly sending his manservant Abdul to fetch him a glass of water. Time and again, Abdul would scamper off and return with a glass of water, but then came the time when he returned empty-handed. Abdul, you son of an ugly camel, where is my water? demanded the Grand Emir. A thousand pardons, O Illustrious One, stammered the wretched Abdul, white man sit on well.
Very funny Mick..
Are the pilots flying blind?
One day at a busy airport, the passengers on a commercial airliner are seated waiting for the pilot to show up so they can get under way.
The pilot and copilot finally appear in the rear of the plane and begin walking up to the cockpit through the center aisle. Both appear to be blind; the pilot is using a white cane, bumping into passengers right and left as he stumbles down the aisle. The copilot is using a guide dog. Both have their eyes covered with sunglasses.
At first, the passengers do not react thinking that it must be some sort of practical joke. After a few minutes though, the engines start revving, and the airplane begins moving down the runway.
The passengers look at each other with some uneasiness. They start whispering among themselves and look desperately to the stewardesses for reassurance.
Yet, the plane starts accelerating rapidly, and people begin panicking. Some passengers are praying, and as the plane gets closer and closer to the end of the runway, the voices are becoming more and more hysterical.
When the plane has less than twenty feet of runway left, there is a sudden change in the pitch of the shouts as everyone screams at once. At the very last moment, the plane lifts off and is airborne.
Up in the cockpit, the copilot breathes a sigh of relief and tells the pilot: "You know, one of these days the passengers aren't going to scream, and we aren't going to know when to take off!"
Air Force One crashes
Air Force One crashed in the middle of rural America. Panic stricken the Secret Service mobilized and descended on the farm in force. When they got there, the wreckage was clear. The aircraft was totally destroyed with only a burned hulk left smoldering in a tree line that bordered a farm. Secret Service descended upon the smoking hulk but could find no remains of the crew or the President's staff. To their amazement, a lone farmer was plowing a field not too far away as if nothing at all happened. They hurried over to surround the man's tractor.
"Sir," the senior Secret Service agent asked, panting and out of breath.
"Did you see this terrible accident happen?"
"Yep. Sure did." The man muttered unconcernedly.
"Do you realize that is the President of the United States airplane?"
"Yep."
"Were there any survivors?" the agent gasped.
"Nope. They's all kilt straight out." The farmer sighed cutting off his tractor motor. "I done buried them all myself. Took most of the morning."
"The President of the United States is dead?" The agent gulped in disbelief.
"Well," the farmer sighed, obviously wanting to get back to his work. "He kept a-saying he wasn't ... but you know what a liar he is."