August 19, 2008 – stlplace

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Last Updated on August 20, 2008 by stlplace

Original link here. Some discussions at trader1688. I don’t know even if Warren can come back from this one. Just like in soccer, when you are 0:10 and have 10 minutes left, basically even Maradona (wiki: Diego Maradona) can not help. That’s why we don’t want to “all in” (in this case, use margin) when we speculate. As Buffett and Munger did in the past, always keep some cash at hand.

发信人: failed (Failed), 信区: Stock
标题: 紧急求救：FNM损失已经12万了，我该怎么办？谢谢您了！！！！！
发信站: BBS 未名空间站 (Tue Aug 19 12:35:30 2008), 转信

I understand investment is a personal choice and I deserve whatever I have.

However, during this critical moment,
your any comments are sincerely appreciated.

Thank you so much!!!

Disappointing moment

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Last Updated on August 19, 2008 by stlplace

Obviously when Chinese track star Liu Xiang quit the race due to heel injury, we are all disappointed. Not only the fact he could not get a “face saving” gold medal, and he is China’s only hope on track and field (at least from men side); but also the fact we did not know how serious his injury was. At the same thing, I can fully appreciate the pressure on him, imagine 1.3 billion put hope on me. I would not think about that probability. My wife has a lot sympathy for Liu Xiang, but I rebutted “at least he is far richer than most of Chinese” 🙂

Stock market
China TechFaith also disappoints:
From Reuters, UPDATE 2-China TechFaith gives weak Q3 outlook; to cut jobs. So CNTF is following Spreadtrum SPRD’s step. Don’t try to bottom fish on them yet! I expect the handset business in China continues to be challenging, for the near future.

The broader market:
The US market goes sideways as financials and consumer spending continue the downward pressure. In China, the mood is much pessimistic, as the Shanghai composite drop around 2300, the lowest since early 2006. So are we heading to a real estate crash in China? Let’s me borrow one word from Mr. Greenspan, it’s possible, but unlikely.