stlplaceLast Updated on February 7, 2008 by stlplace
According to my friend Wang Jianshuo (and he got it through CCTV), Chinese people sent 5 billion text messages (SMS) for the New Year Greeting.
Separately, I picked up more China Mobile shares (CHL) today. Average down is not the best approach, I may sell some CHL (I bought at higher cost earlier) later on, if the share price goes up.
Last Updated on February 7, 2008 by stlplace
In this bear market, we can watch Cramer, read WSJ, Yahoo Finance, Google Finance etc. But all this can not substituted “reading what the real masters are thinking”.
With that in mind, here is Buffett’s talk about US economy Money available, cheap, due to rate cuts, quote the article:
Buffett said that what has taken place “is a re-pricing of risk and an unavailability of what I might call ‘dumb money,’ of which there was plenty around a year ago.”
and another my favorite:
“It’s sort of a little poetic justice, in that the people that brewed this toxic Kool-Aid found themselves drinking a lot of it in the end,” he said in reference to some of the large investment banks that were involved in designing and marketing complex investments that have soured in recent months and have generated billions in losses.
Peter Lynch is the legendary fund manager of Fidelity Magellian. Here is a PodCast (MP3) of his. He talked why we should not try to time the market.
Last Updated on February 8, 2008 by stlplace
For entertain purpose only, note I am not endorsing any one of the canidates 🙂
Super Tuesday surprise
1) Huckabee won 5 states in the south. Mitt, your “Huckabee is a spoiler” talk backfired.
2) The show me state (Missouri) voted for change; the coastal state (NY, CA) voted for more of the same. The US president has been a Yale graduate since 1988, and Bush and Clinton families have occupied White House since 1988. So much for the greatest democracy in the world 🙂
BTW, AP made wrong call for Missouri Dem primary initially and here is their explanation.
Stock analogy
Last Updated on February 8, 2008 by stlplace
The unexpected snow storm hit China hard, at the worst time it could find: the Chinese New Year, when billions of people travell to their home to be with their families.
Here are some places that could use our little help.
1. China Snow Storm Disaster Relief Fund, the money will be forwarded to Red Cross China.
2. OSCCF（海外中国儿童救助基金会), note “snow storm relief“.
I will add more as I see other organizations who can help.
 (picture from Boston Globe) |
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Last Updated on February 24, 2008 by stlplace
Last night is the last trading day for Chinese domestic stock market, for the year of pig. According to Google Finance, the index is up 72.09% in the year of Pig. The index closed at 4,599.70, a tiny bit shy of 4,600. Shanghai composite has been up BIG two years in a row. Guess that’s the reason for people to take caution 🙂
(for a full size of the chart, click here)
Last Updated on February 5, 2008 by stlplace
The miracle play of Eli Manning and his teammate. ELi is the little brother of Peyton Manning. I think this play will be remembered by people (at least me) for years…
By the way, there is a super bowl indicator for the market, it says if NFC team wins the super bowl the market will be up for the year. Bulls, another reason to thank for Eli and his teammates 🙂
Last Updated on February 5, 2008 by stlplace
Obviously most of them don’t know what they are talking about, accoring to Free Money Finance.
This is actually confirmed by Karen Blumenthal, the author of Grande Expectation: a year in the life of Starbucks stock. She said (before wrote the book), she has been financial journalist for more than 20 years, but she did not know what is stock split, what is earning, what is shareholder meeting etc.
I read half of the book, and I’ve learned quite a bit from Karen’s learning experience 🙂
Last Updated on February 6, 2008 by stlplace
I wrote about the bubble of PetroChina during its Shanghai IPO last Nov. I understand lots of people in China (San Hu 散户) are under water on this one. Obviously they bought into this “the most profitable company in Asia” slogan touted by some institutions that wanted to dump their shares during IPO.
Here I list some of the A share and H share price, and their bubble factor.
PetroChina: 601857.SS: CNY 26.39; 0857.HK HKD 12.27 (still lot of bubble !)
On other hand, insurance companies and banks are more rationally valued.
Last Updated on February 4, 2008 by stlplace
US Tax Rebate
The US congress and president are on the same page for one thing: help every American buy an iPod (a.k.a. the tax rebate thing). For me while I am glad to get some of my tax dollor back (rather than been blew away in Iraq, or paying a Carribean trip for some congress members…). I think the mantra of quick fix is so prevelant in this country. Sometimes yours truely also fall into this. For instance:
*Got a headache? Take an Tylenol.
*Need some stimulus for work? Got a coffee. I did this every morning.
Last Updated on February 5, 2008 by stlplace
I started pay attention to the mobile phone and service providers lately. In fact I bought some China Mobile (CHL) shares about 2 weeks ago (bought it a bit early again 🙂
Nokia: the balance
Nokia is the No. 1 brand in China as shown in baidu Shouji (cell phone) report. One thing I noticed during my last visit to Shanghai is Nokia set up a service center near Zhongshan park. Being in Midwest USA, I have not seen things like that and was a bit surprised. Why Nokia pay the extra attention to the customer services, now that they are already No. 1? One reason, I can think of, is they want to make sure their customers can get better services from authorized places, rather than going to those blackmarket and get their phones fixed.
