Month: June 2007

Categories
China Stocks

FFHL Case Study: risks of investing in China

Reading Time: 2 minutes

Last Updated on August 29, 2022 by stlplace

(Update June 25) Fuwei has a news release regarding this today.

(Update June 19) The stock (FFHL) got a big lift (18%) today. Major’s rule No. 2: stock moves when Major mentions it at stlplace, e.g., EDU (mentioned in June 9) and FFHL. Some speculative Chinese stocks got big move too, e.g. EFUT is up 30% today.

Seriously I am not saying Fuwei is a bad company. Its previous owner got big problems though. Do your own research before jumping in.

(Original June 18) I’ve paid attention to Fuwei Film Holding Limited (FFHL) since its IPO, as you may notice I’ve mentioned it couple times in my blog. Obviously things have take a turn lately, if you checked its stock price. I did not follow all the details until read this Chinese news. Let me summarize it because the aricle is in Chinese and it’s a bit long. In simple words: the owners and founders of Fuwei are suspected in “transfer state owned assets to personal pockets” through a bunch of “financial engineering activities”; they are under “Shuang Gui” (arrest in a better name) right now.

Continue reading “FFHL Case Study: risks of investing in China”
Categories
Fun Stocks

Marry UP: Finish Line buys Genesco

Reading Time: < 1 minute

Last Updated on June 18, 2007 by stlplace

This sounds a little strange: a smaller fish swallowed up a bigger one. Here is some details (Houston Chronicle):

“Finish Line operates 694 Finish Line stores in 47 states, 93 Man Alive stores in 19 states and 15 Paiva stores in 10 states.

Nashville-based Genesco sells shoes, hats and accessories in more than 2,000 retail stores in the United States and Canada under several store names, including Journeys, Johnston & Murphy, Underground Station, Hatworld and Lids.”

Continue reading “Marry UP: Finish Line buys Genesco”
Categories
Fun Saint Louis

It’s MUNY time again

Reading Time: < 1 minute

Last Updated on June 18, 2007 by stlplace

Last summer I wrote about this. This year’s show starts tonight, June 18 at Forest Park. Hope I can catch more shows this year.

MUNY forest park st. louis

Nice things about the MUNY:

Continue reading “It’s MUNY time again”
Categories
Business China Web

Software Localization in China

Reading Time: < 1 minute

Last Updated on June 17, 2007 by stlplace

Here is the definition from Per Dohler, a software localization guru: Localization is the process of adapting a product, in our context a software program, to a specific locale, i.e., to its language, standards and cultural norms as well as to the needs and expectations of a specific target market. A properly localized product also meets all the legal requirements in force in the user’s region. Wikipedia also has a good description. GiltWorld is a Chinese site dedicated to the software localization in China.

Continue reading “Software Localization in China”
Categories
Fun

Week in Review 06-10 to 06-16

Reading Time: < 1 minute

Last Updated on June 17, 2007 by stlplace

Mop is less cool (pacific epoch): Mop, the Chinese teen social networking web sites, became less cool because it did not turn on the Air Condition to save utility cost. Separately, Mop’s parent Co., Oak Pacific, is not going IPO very soon.  

Starbucks to offer salad (Starbucks Gossip): so that they can offer a one stop shop for lunch customer? In doing so they are dumping Jones Soda from fridge. Sorry, go to Panera (St. Louis) Bread Co. if you still want Jones Soda.

Continue reading “Week in Review 06-10 to 06-16”
Categories
Fun Stocks

Books at my aStore

Reading Time: 2 minutes

Last Updated on June 18, 2007 by stlplace

I created my aStore and added some books there. You can go there by clicking the “aStore” link at my home page. Those are the books I have read over last few years, and I will recommend to others who have interest in business, management and finance. A little comments on those books (listed in the order of easiness of reading, from easier to more difficult):

One up on wall street(*): Peter Lynch was a legendary fund manager, and his book was both full of humor and wisdom, it’s both fun and easy to read. The book got Chinese version but I don’t know the transaltion quality. As matter of fact, I felt many things just can not be translated. So I strongly recommend reading his English version.

Finding the next Starbucks: Michael Moe is the founder of Think Equity, and he was the analyst who found Starbucks in its hyper growth days (1990s). Michael is good trend reader. But we should learn his thinking instead of just taking his results, e.g., he said Crocs is a fad.

Continue reading “Books at my aStore”
Categories
Fun Life

Rich Dad Poor Dad

Reading Time: < 1 minute

Last Updated on June 16, 2007 by stlplace

Tomorrow is Father’s day. My parents are wonderful parents, they did all they can to support me and my brothers’ education, under difficult circumstances. But everyone has his/her limit, my dad is no exception. I think from “personal finance” point of view, my dad is a good saver, but he does not know much about investing (that’s understandable because when he was young there were no stocks, bonds). He does not like debt (even borrow from relatives); and he does not like risk either. Thus I don’t need to worry him buying Chinese stocks these days. Good.  

Continue reading “Rich Dad Poor Dad”
Categories
Fun

NBA Finals: the winner, the loser

Reading Time: < 1 minute

Last Updated on June 16, 2007 by stlplace

All right, the all mighty San Antonio Spurs swept Cleveland Cavalier 4 games in a row, and gave the Cleveland little chance during all 4 games. So the winner is obviously the Spurs, its team and fans. Among those players in the Spurs, Michael Finley is the happiest because it’s the first championship during his 12 years NBA career. Robert Horry, on the other hand, seemed pretty cool with it because it’s his 7th. Tony Parker is happy too because not only did he get the MVP, he is going to marry with his financee soon.

Continue reading “NBA Finals: the winner, the loser”
Categories
Fun

Least Volatility Day

Reading Time: < 1 minute

Last Updated on June 14, 2007 by stlplace

Today is probablly the least volatility day since I invested in the US stocks 3.5 years ago, my portifolio only changed -0.1%. Previously the biggest volatility day was Feb 27 this year, my portifolio dropped almost 10%. For reference, Dow went up 0.53%, S&P went up 0.66%, and Nasdaq went up 0.48% today.

I don’t know the exact reason. I joined my former boss’ retirement party today. Maybe all the traders were also having parties or going on vacations 🙂

For us average investors (not day traders), we don’t want big swings (up and downs). So less volatility is a good thing.

Categories
China Stocks

Mindray Gaining Momentum in US

Reading Time: < 1 minute

Last Updated on June 16, 2007 by stlplace

Yesterday they did a presentation at Goldman Sachs 28th Annual conference (no web cast). Today they announced two new products getting FDA approval. The following picture is BC-3200, a hematology analyzer.

Continue reading “Mindray Gaining Momentum in US”