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Strategies & Market Trends : Strictly: Drilling II -- Ignore unavailable to you. Want to Upgrade?

To: Bert who wrote (27280)	2/3/2003 4:08:31 AM
From: jimsioi	Read Replies (1) \| Respond to of 36161

bert, re SOHU, SINA and CHN These two Chinese stocks you mention have been real performers over actually a very short period of time. The Chinese play is appealing on several levels. It would be hard to learn enough about these companies to determine how much fluff is built into their market caps at this point. Memories about the internet craze are still fresh. Approaching them from a technical view, however, one notices that they both have had corrections into obvious points of support...SOHU to $8 and SINA to $7. Money flows and investor preference for Chinese stocks will be the drivers. With China seemingly removed from the IRAQ issue and western economic woes I'd expect money flows to resume in their direction after the Chinese New Year holidays are over... CHN, also pictured on the composite chart below is as I have mentioned in the past a closed end fund that seems to go where the action is .... in other words to the strongest sectors rather than being indexed in the biggest caps. It has well out performed EWH and GCH for example, see second reference. investertech.com finance.yahoo.com SOHU according to Yahoo has no debt and has seen its revenues increase 100% year over year...SINA also has no debt and its revenues grew 71% . Interestingly both are valued currently at 11 times revenues. This ought to be a friendly number for those owning shares of GG and GLG where the valuation to revenues are in the 12 and 13 times class as well. The two miners have substantially higher profits, in fact they have profits, though the losses for the Chinese internet companies are minimal as of their last report. SOHU vs SINA - the former seems to have risen a bit more quickly and be a shade more volatile and would likely be my first choice along with CHN for balance. finance.yahoo.com I've invested in CHN before...rather kicking myself for letting a change to get back in at 13 or less go by, but there is usually another day. With no current foreign equity exposure this might be time to give one or more of these a shot...Using recent lows as close stops. I'll report on back on the foreign wars when engaged..