stlplaceLast Updated on February 25, 2008 by stlplace
Shui Pi, the editor-in-chief of ChinaTimes, predicted this China drop (or crash) in his paper. Here is the link to his article. Quoted some here:
水皮杂谈：第二次“5·30”的概率有多大
2007年的最后一期水皮杂谈，题目是“何时才能满仓等待暴跌？”，文章缘起和讯的编辑对水皮的采访，其时上证指数在4700点附近，水皮的结论是对于大多数的股票而言，已经错失满仓等待暴跌的机会了。因为绝大多数的股票在11月中旬上证指数单针探底5000点时已经探明了底部，在此后一个月上证指数的反复下探过程中，大多数的股票不但没有随风飘零，反而走上了自己的上升通道。也就是说，“八二”现象其实已经悄悄地在我们身边生成了，最近的统计数据则更能说明问题，沪深两地的上市公司中有60%的股价已经接近6000点时的价位，而深成指和深综指均已接近前期历史高位，中小板指数早就创出新高。
Last Updated on January 22, 2008 by stlplace
It looks like it. On Monday Jan 21 we have the biggest drop of global stock markets in recent years (see the quoted news below).
I want to talk a little about the Chinese market in specific. It appears to me two pieces of news helped driving the market down. The huge secondary offering of $22 billion from Ping An Insurance (SHA:601318); the talk of starting stock index future market and a Nasdaq-like Market in China after March 2008, by Mr. Cheng Si Wei, Chairman of Finance Committe of National People Congress. 成思危：创业板和股指期货准备工作基本就绪.
But as individual investors I think we should remain calm even in this crazy market. It may be a good idea to get rid of some bubble-priced stocks because we are not going to see that price for a while. Note bubble is relative the intrinsic value of a company, not compared to the previous high price (e.g, VMW, AAPL, N,…are all risky to me).
Quoted news
AP news: stock markets plunge worldwide.
Last Updated on January 22, 2008 by stlplace
Read this from trader818. While I don’t agree everything here, I think the principle applies. I also want to add one thing: if average down too many times (and never make money), something (the market or the stock) must be wrong. I learned the hard lesson from Longbottom (LFT).
最近有不少朋友问我大势这么差，是不是该逃跑，或者买点put hedge上。
我的观点是，从长期投资角度讲，现在已经出现很多值得关注的股票，该做的不是逃跑 , 而是参与。
熊市里面很难赚钱，特别要防范风险，选股票时候需要注意几个问题