Anthony @ Equity Investigations, Dear Anthony, Message Board

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Strategies & Market Trends : Anthony @ Equity Investigations, Dear Anthony,

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To: Pink Minion who wrote (59018)	9/2/2000 8:06:20 PM
From: CapitalLosses	of 122087

Hi, ex-Dilbert. XING: I was eyeing it at 23, but couldn't make an informed decision. Pure comedy as it turns out: <snip> 09/01 08:27 China executives play down Qiao Xing <XING.O> news BEIJING, Sept 1 (Reuters) Qiao Xing, a China-based telecoms equipment maker, saw its stock rise almost 72 percent on Thursday -- the biggest gainer on Nasdaq -- after it announced the Chinese government would help fund its research on CDMA mobile technology. But the research grant, which Qiao Xing's chairman said would be around 10 million yuan ($1.21 million) this year, was by no means a green light for the company to manufacture or sell CDMA equipment, industry executives said. "This is a governmental fund to build up research and development capability," said an executive at another Chinese telecoms firm that won a grant. "It has nothing to do with markets." Oops. Oh well, even amateur investors make mistakes sometimes. XING currently sinking back from 23 to its Wednesday price of 12. -Capt

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