Reading Time: 2 minutes It was a short while ago (last Nov) Alibaba did its high profile IPO in Hongkong. Now it’s back in the news again. Don’t get me wrong, Jack Ma (Ma Yun), the founder and Chairman of Ali, was always in the news. I remember a few years ago (when the company was private) he said
Reading Time: 2 minutes Another crazy day, the market traded mostly lower today, until 3:30 PM EST, CNBC reported Ambac will announce it raised capital earlier next week. It seems everyone just can not get enough stocks since then, all the US indices reversed the downward trend and closed higher. For me, the feeling is like “hew”, my little
Reading Time: 2 minutes The miserable performance of CROX erased much of my 2007 gains. But thanks to the rebound of Mindray (MR), I am still be able to be above water đ Some random thoughts of Q4 and year 2007 stock performance: 1) Crocs (CROX): I agree with my friend StrengthTrader, Crocs is a fashion product. It’s almost
Reading Time: < 1 minute I placed a market order before the market open. The last time I did something similar is two years ago when the Ninetowns reported that their customers (Chinese goverment) would no longer pay them for the software. They would get a free version instead. But HLYS did worse in terms of the stock. It closed
Reading Time: < 1 minute Here is the results from PR NewsWire. To summarize: Net sales from continuing operations for the second quarter 2007 of $30.4 million were up 16.4% over the $26.1 million for the second quarter of 2006. North American sales of $11.8 million in the second quarter 2007 increased 8.2% from 2006. European sales of $12.8 million
Reading Time: < 1 minute I bought some NINE (Ninetowns) shares for the 3rd time last Dec. for two reasons: 1) It’s getting into B2B business. A successful example of B2B in China is Ma Yun’s Alibaba, which has done well (at least generated lots of buzz), and is planning to go IPO in Hongkong this year. 2) Duan Yongping,
Reading Time: < 1 minute Bought a little SNCI today. It’s a company makes hearing aids. I read it from Kiplinger’s Personal Finance August Issue in the weekend. Did a little research including reading its annual report. This is my speculative play, I put my bet on it because I think some of the positives include: 1) The company sold
Reading Time: < 1 minute 1) Don’t jump into an IPO on its first day. Do some research if you really want to jump. 2) A controlling shareholder is also the CEO: usually not good for small shareholders. 3) One customer (Chinese goverment), one product (custome declaring software), be very worried.
Reading Time: < 1 minute I was on shopping spree on stocks lately. Since I bought the Panera Bread (PNRA) last Friday, this Monday I bought some Telestone (TSTC), a Chinese wireless equipment maker; on Tuesday I bought some Ninetowns (NINE), a China based software company not new to me because I lost money on it in the past đ These are two speculative plays. Telestone
Reading Time: 2 minutes I sold the remaing Symantec (SYMC) stocks today and I bought an old stock for me: the Ninetown Digital (NINE, recently changed name to Ninetown Internet). Here are my reasoning. Symantec moved up quite a bit in past serveral months. It reported good earning in Q2, but missed a penny in Q3 due to some weakness in
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