Wednesday, October 17, 2007
Position Update: CN
My guess, lots of hot Chinese stock market gain proceeds are flooding into Hong Kong-- thanks in part to the Chinese Government allowing investment in the Hang Seng. As a result, I am noticing a lot of momentum in Hong Kong related names, like CN, OIIM and CTEL.
Not bad for an overnighter. Left a few bucks on the table, which sucks.
Have a good day.
Well, it showed enough "sign of life" last year for me to start looking at it again, and I actually starting to buy it.
Now, it seems to be adding a buck a day every time I look at it, and the chart is as regular as prune juice.
Yet as a retail investor, I can't seem to shake that "2001 meltdown syndrome" even as this company has become a "real thing" since then.
I may be wrong, but I think my dipshit retail investor view of the world is still pretty much the mean for the Average Joe investor, and I think that means we may have some leg in this bull yet.
(Tim Belvedere's blog getting #1 Business Blog status gives me "a slope of hope" as well).
China not ready to let mainland investors buy HK stocks directly, central bank chief says
I only wish MVIS will start the rocket ride soon.
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