Certainly, Chinese stocks have been beaten down quite a bit lately. All of them. I might also add that U S stocks have too. Interestingly, when stores put things on sale, people flock in and start buying. But when the market puts stocks on sale it is almost impossible to give them away. My problem right now is trying to decide which ones to buy next. The closed end Chinese funds are selling at incredible discounts to net assets. CAF over 30% discount. CHN about 20%. TDF about the same. CHL and ACH have dropped 20 and 40 points respectively from their highs just about a month ago. These are not small companies.
Certainly, they can go even lower.
2007-11-21 08:08:59
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answer #1
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answered by Anonymous
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This is the one where the guy was Chinese and moved to Australia and started it from there. It got underwrited in China as he moved back. It's hype outpaced it's growth! Because he is landing the contracts there and everyone is excited about it it has not match production, or the anticiapted levels of contracts. It is correcting it's over inflated price exceleration. I don't know how much you bought it at but it will probaly be while as it corrects to get back up past those levels. I say hold on to it though. As the company becomes more stable (which I think it is) it will be a stury investment. December is shakout month due to the years ends. See where you are in the end of Jan/Feb and then decide if you wish to sell. Just let it flow for now.
2007-11-21 08:18:58
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answer #2
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answered by jennifer_weisz 5
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Technically since Nov9 YGE has gotten 4 short-term bearish signals ie price crossing down thru 50 dma. Investors Business Daily gives it a high A- rank (#1 in fundamentals out of 74 stocks in it's industry).
Short term it probably has some more downside with the rest of the world markets, all of which had gotten way too far ahead of their 50 dma's on weekly basis. China's fundamental growth is real and this correction won't last forever.
Long term YGE still looks like a winner.
2007-11-21 09:08:18
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answer #3
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answered by Supra1Q 4
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Foreign stocks, especially as far as Asia, are really risky, IMHO. You can take a beating just on the vagaries of the market. The company can make a profit, and the currency exchange can still clobber you. And getting good solid information on the company may be impossible, depending on what the disclosure laws are like there. I'd flip a coin and go with that.
Oh, and Hi from Hagadorn Rd.
2007-11-21 07:21:51
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answer #4
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answered by Ralfcoder 7
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Instead of investing money directly into China, which is very risky as mentioned in other answers, invest in US companies that deal with Chinese manufacturing. Try US Shipping or something similar. Chinese investments are not a good idea right now.
2007-11-21 07:41:42
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answer #5
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answered by bent_reticence 2
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I would hold on to this stock for now. If you want you can dump alittle more money into it now, but do it soon because its heading toward its 52week high. Like all companies, its not doing to good because of the credit market in the US. but like the saying goes, "high tides lifts all boats." remember that,
2007-11-21 07:28:21
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answer #6
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answered by elliskucevic 2
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wait a while longer, right now chinese stocks are in a freefall.
2007-11-21 08:49:04
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answer #7
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answered by Anonymous
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