China Growth Stocks

[bUrRpPPP!]

2010 strategy Percentage wise 2009 will be hard to top with my gains finishing off @ 922%. No chest pounding here as I was only a passenger on the China stock run express.

I was also part of the 90's great tech boom express too, yes I did 3 f/s with AOL and rode stocks like Amazon,Double click, Redhat, the list is endless. Back then we traded in fractions and hung conversion table's next to our 13 inch computer screens. Online trading was new and everyone was doing it, penny stocks were making people rich in weeks......buy stocks for 3/128ths and selling for 9/64ths was the language we used all day.

Then one day it was over.....more people broke than rich....everyone who thought they were great traders realized they were just throwing darts at a very sticky board. Although 2009 had some similarities to the 90's there were also some very big differences....the biggest being p/e ratio's. Back in the 90's p/e ratio's of 10,000 were not uncommon, in fact they were almost the norm for the hottest stocks. But here on the ECSC board we are continually finding stocks with p/e under 10 and 'PEG's" that are as low as .05 {anything under 1.00 is good, lower the better}.

Strategy....successful traders always a strategy! So here is mine...Like I said 922% will be hard to top, but now with so much more capital my goal of 300% will return me 3x my 2009 profit.

First, I am going to hold my China stocks longer. Last year I made over 4,000 trades and I am looking to cut that in half this year. Most of the China stocks I traded have shown great resilience after any sell off and most are making new highs.

Second, I look to hold more stocks at any given time. The norm was around 8-12 but I am thinking 15-25 to greater diversify all the different sectors. The growth in China is broad....from energy to infrastructure to advertising to agriculture, you name it... all will see growth this year so trying to pick one is not necessary.

Lastly, I just simply am not going to buy anything but China stock's....just that simple. In reviewing my records my largest misses were U.S stocks and my largest gainer's were China stocks...

In looking forward I expect that the money flowing into China stocks will continue increase as the low p/e's and proven returns are not going unnoticed. I understand the "fear" or how people can be leery about investing in companies who's operations are a world away and who's product's you can't see or buy but this year's performance has all but wiped that "fear" away for me.

Looking forward to another great year on the ECSC board...I can only imagine where we will all be financially this time next year. With all the great poster's and all the great dd everyone shares here I expect a lot of lives to be changed in 2010!.....Here's to a healthy and prosperous New Year!