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Strategies & Market Trends : Brillance China Auto (CBA)

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To: hui zhou who wrote (5)6/25/1997 11:37:00 AM
From: jianwei   of 19
 
Hi Hui,

I have positioned with CBA one years ago. Luckly, I made some money in paper now. I will light up some over time, but will add more should the price/earn is less than 20. For long term, I feel positive over CBA to increase its price over $20.

I also matched SHI closely, but hasitate to buy due to the fact of (1) lack of demand in China, (2) drop throught the resistance line, (3) management's unresposibility to shareholders?

Watching the political situation and ready to get out of market totally.

Hope this will be helpful.

JW
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