Categories
Fun

Why mess with Chinese ADRs ???

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According to cnanalyst: only two were up YTD: VisionChina (VISN) and NetEase (NTES, found by the fellow from my hometown Ningbo).

Here is the list of top 5 and bottom 5. The first percentage number is the percentage change of Year to date. Your truely managed to picked up SPRD from the bottom 5.

Rank Company (Stock Symbol) Year-to-Date Change 10/15/2008 End of 2007
1 VisionChina Media Inc (NASDAQ:VISN) 32.9% 11.30 8.50
2 NetEase.com, Inc. (ADR) (NASDAQ:NTES) 10.3% 20.91 18.96
3 Sohu.com Inc. (NASDAQ:SOHU) -9.3% 49.43 54.52
4 Asia Time Corporation (AMEX:TYM) -11.4% 3.10 3.50
5 eLong, Inc. (ADR) (NASDAQ:LONG) -12.8% 7.22 8.28
……
129 Spreadtrum Communications, Inc. (NASDAQ:SPRD) -87.8% 1.50 12.26
130 China Southern Airlines Limited (ADR) (NYSE:ZNH) -88.3% 7.63 65.46
131 HSW International, Inc. (NASDAQ:HSWI) -88.8% 0.70 6.23
132 LJ International, Inc. (NASDAQ:JADE) -90.6% 0.54 5.72
133 China GrenTech Corporation Limited (ADR) (NASDAQ:GRRF) -90.9% 0.80 8.84

Categories
Fun

Poor Korean kids

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(Source: Yahoo Tech-ticker)

or may I add Chinese kids, for that matter. One reason the New Oriental (NYSE:EDU), the China based private education company which specialized in TOEFL, GRE, SAT, ACT, College and Graduate entrance exams, has been so successful.

Categories
Fun

This crazy presidential election

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Normally I don’t talk about politics or religion in my blog. But I was indeed excited by the John McCain interesting VP pick (last Friday) shortly following Barack Obama’s historical nomination last week. I am not talking just from gender or race point of view. I am talking about the excitment this election generates from the ordinary people. This noon when I was at lunch at “Jack in the Box”, I heard people talking about election.

I also noticed the intense emotional discussion on some of the Chinese bbs board. But I was not happy when I saw words like “McSame”, or more insulting ones like “Hussain”, “Osama” (to label Barack). Although I could not vote, I do have my own point of view, but I would not try to disparage someone just because I don’t agree with him/her. Also, I felt either president McCain or Obama will do better than president Bush, because they are centrist in heart, and they have a low bar for comparison.

There are lots of mis-information on the web, to smear the candidates from people with an agenda. I found this factcheck is a refreshing one because it lists the fact, and let voters to decide.

Categories
Fun Web

Labor day weekend

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Install software (web hosting)
Drupal, WordPress and phpBB. Had problems with the Chinese input (display). Found the solution to WordPress problem from web. Re-install the phpBB with Chinese langugage pack manualy, because I could not add Chinese langugage after the fantastico automatic installation. I will fight the Drupal problem later on (with the confidence installing phpBB manually).

John McCain event
Attended John McCain road to convention Rally at O’Fallon. Don’t get me wrong. I am not endorsing any candidate in this election, nor can I vote because I am not US citizen. I am interested in the election politics and have my own opinion though.

Categories
Fun

iPhone girl

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(Update Sept 3) It appears we are all duped by this news. There are reports (mitbbs) that this while thing is manufactured by MacRumors, or someone in China. I was not surprised to see another Fu Rong Sister like thing.

(Original) I heard about it from web these days, and found NY Daily news has pictures of this iPhone girl. She is a factory worker for Foxconn, the contract manufacturer for Apple iPod and iPhone. I remember a few years ago there were reports on bad working conditions for workers assembling iPod. Hope this time she won’t get fired for this honest and minor mistake. Note she was smiling at the camera, as I understand her month salary is about the retailing price of an iPod. Sometimes happiness is not directly related to how much money we make.

Categories
Fun

McDonald Douglas DC-9

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Yesterday I rided the DC-9 (Northwest Air) from MSP to STL. My seat is near the wing, and it was very noisy. So I did some search, and here is the wiki entry of DC-9. As I guessed, DC-9 is an old aircraft (30+ years old). Quote Wiki:

“The McDonnell Douglas DC-9 (initially known as the Douglas DC-9) is a twin-engine, single-aisle jet airliner. It was first manufactured in 1965 with its first flight later that year. The DC-9 was designed for frequent, short flights. The final DC-9 was delivered in October 1982.
……
Northwest Airlines operates a fleet of DC-9 aircraft, most of which are over 30 years old. With severe increases in fuel prices in the summer of 2008, Northwest Airlines finally began retiring its DC-9s, switching to Airbus A319s that are 27% more fuel efficient…”

The flight from Minneapolis/St. Paul to St. Louis was only half full. I guess NWA could use a smaller plane to save some fuel, and noise.

Categories
Economy Fun

Who to blame for current financial crisis?

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Greenspan (regulators): for he kept interest rate too low (1%) for too long, during the recession after dot com bubble.

Bush (politicians): for his failed Iraq war which cost American tax payers more than 500 billions so far. He asked American “go shopping” after 911, in addition to buying a car or a house. Democrats are no better in this aspect: Fannie Mae and Freddie Mac have deep roots in Democrats leadship.


(Video by LATimes: anxious customers on day 2 of IndyMac Fed takeover)

Categories
Fun

George Carlin talks about stuff

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Hillarious yet educational 🙂

See more my stuff @google.

Categories
Fun

European soccer championship 2008

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Yesterday I watched the Russia Netherland game. It was great. Russia has a young and energetic team, and they have lots of oppertunities. Guess who is Neatherland coach? My hero (20 years back) Dutch soccer star Van Basten!


(van Basten legendary goal in European Championship in 1988?).

TV schedule here. It is the first time ESPN broadcast the whole thing in the US.

Categories
Fun

Vacation

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Interesting news: Buffett is put up a one miilion dollar bet for any hedge fund beat S&P in next 10 years. The proceeds (if Warren wins) will go to his charity.

I am going to take a week of vacation from tomorrow, and I may not update this blog during this period.

Meanwhile, I am going to read the chapter 20 of Intelligent Investor (Ben Graham). I already read chapter 6 as suggested by Warren in this year annual shareholder meeting (Q&A): it’s about knowing the risk of investments. Chapter 20 is about margin of safety.