Booms, Busts, and Recoveries Message Board

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Strategies & Market Trends : Booms, Busts, and Recoveries

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To: pezz who wrote (41618)	11/18/2003 3:06:01 AM
From: TobagoJack	Read Replies (1) of 74559

Hello Pezz, Today’s Report: I could not help myself. It was as if Fate directed my gaze toward the computer screen, and Destiny forced my hand onto the keyboard. I acquired an equal-weight dollop of each of the following: China Shipping finance.yahoo.com at HKD 4.95 CNOOC finance.yahoo.com at HKD 15.00 People’s Food finance.yahoo.com at HKD 5.20 Petro China finance.yahoo.com at HKD 2.85 Sinopec finance.yahoo.com at HKD 2.375 Yangzhou Coal finance.yahoo.com at HKD 5.70 Yes, I know I may be compounding my earlier mistake of exiting too soon with another miscalculation of entering too late. The issue is I could not bear to think that these still-inexpensive shares in an as yet immature mania might go up in value without my participation if and when the officialdom in Beijing ever announce new rules allowing China mainland institutions (and dare we dream it, mainland individuals) invest in the Hong Kong stock exchange. I would be depressed on that day, reading the headlines and am not in cheap dividend paying resource, food and shipping shares. Besides, so many money managers are raising money for new China funds and I cannot fathom where they will put all that money without placing some in my pocket. Also, bull markets corrects all mistakes, or so I am told. Chugs, Jay

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