The current action in chinese stocks, imo, is indicative of a lot of shorts in this space who are flush with profits pressing their bets. When stocks move in "digits" up or down for no apparent reason, it is a sign of speculative tops or bottoms. Imo, people are shorting these stocks, regardless of fundamentals if any stock is available to short, eg CNTF. I covered most of my shorts, with the exception of QIHU and VIT. It has been a good ride on the short side, maybe not the bottom but I'm taking most of the short chips off the table.
On a separate note Fernando, I will make a friendly bet of your choosing that there will be at least half a dozen names in this space that will go up at least 5X by this time next year and more than a dozen that will at least double.
Some of the 5X prospects include:
CCCL/CCCLW, Stock trades at $24 (8X EPS), 6X current stock price and 10X warrant price, when they are called
EDS, Stock trades at $25 (12X EPS + Cash), 5X current stock price
TPI, Stock trades at $7 (10X EPS + cash), 5X current stock price
XIN, Stock trades at $10 (1.5X book), 5X current stock price
Doubling or more prospects include, CNTF, AMBO, YONG, SPRD, CYD, NED, APWC, IDI, SOKF and maybe many more.
Though the short term trend in this space continues to be negative, I have never been more bullish on the one year prospects of a number of names. After covering a number of short positions, I am very cash heavy and after any sort of clarity, negative or positive, on the Greece/euro situation, which I expect within a mth, I plan to move my allocation to Chinese stocks from net short over the last few mths to as much as 20%, maybe even 25% net long portfolio allocation.
AI
Market Data 
Markets 
