Tom, ZNH is a great day-trade item, for an $8 stcok, MM somehow can sell 0.50 premium to US investors in the past 10 days! If you read the ZNH chart, it's really a bear--small rallies, large dips! PRC is using HK and NY to sell its cheap companies for high prices. If you look at the China ADRs in NY, which one is close to its IPO price?
Even PRC has 9+% growth for the last decade, US stock investors losed big on these ADRs. But I'm very curious why even SH, a power station in ShanDong, paying good dividends (5% last yr), is trading 50% of its book value. Allen |
