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Strategies & Market Trends : Brillance China Auto (CBA)
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To: JOHN JIANG who wrote (4)6/24/1997 11:31:00 PM
From: hui zhou   of 19
 
I almost fall out of my chair to see cba is able to clear its 52 weeks high at 9 3/4 today. Shorts are covering? At this stage, I think that CBA deserves some respect. It may a. pause to a consolidation b. crash to next support c. surge to new high. I have no idea what will happen next. My feelings is it will surprise to anybody to accelerate to the upside. It could be in a blow-off run. Of course, this is a business of probabilities not absolutes. Don't mortgage your home money on it. It could turn to be a disaster trade. Regarding the China and Hong Kong red chip, have you see a difference between A share, B share , H share and ADS trade here? China market is up 40% this year. Some red chips tripled in HK. Why are the B shares for foreign investment and ADSs lagging so bad? I guess MMs are just afraid to put the money in the fledging market. Lot of the ADSs are in all time low here and didn't participate in any booming stock activities in far east. Is the time for a catch up? IMO, some of the ADSs are a screaming buy now, like Shanghai Petrochemical (SHI). Any thoughts? By the way, Kepplinger magazine has a article to urge people to dump the red chip. Well, traditionally, the media is always be used as a contratry indication. Time to buy?
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