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Strategies & Market Trends : HONG KONG

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To: WONG who wrote (2544)11/6/1998 1:00:00 PM
From: Tom  Read Replies (1) of 2951
 
Not difficult for me to believe, WONG.

Re: #2499

Sell Signal

I had heard something like this was in the wind. Traders said the additional red chip shares that came to market two nights ago were responsible for moving the index down.

I don't like it. China is well aware of the consequence of floating those additional shares, especially under the current conditions. I don't believe they were just "testing the waters" again.

Whose shares were they? Shanghai Industrial, for one.

I'm marking this as an advanced sell signal.
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