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Strategies & Market Trends : Value Investing -- Ignore unavailable to you. Want to Upgrade?

To: Spekulatius who wrote (20339)	12/26/2004 10:56:41 PM
From: schzammm	Respond to of 78594

OFF TOPIC: Spekulatius, I have been building a position in AXJ but never posted it on this board since it is not a "value stock". But it seems that value is in the eyes of the beholder. I would agree with you that a broad based index is probably a good idea currently. Anyway anyone interested in a small Chinese pharmaceutical company IMHO, AXJ is worth checking out. Stock is very strong technically and should have a string of good news over the next several months. iccinfo.com stockcharts.com[m,a]daclyyay[pb50!b200!f][vc60][iUb14!La12,26,9]&pref=G Disclosure: very healthy position and adding regularly on continued strength.

To: Spekulatius who wrote (20339)	12/26/2004 10:57:49 PM
From: Steve168	Read Replies (1) \| Respond to of 78594

Spek, Chinese stocks usually go down at year end due to government's annual check of loans - some money participated in the market during the year need to be returned to the bank so it won't show-up on the book at year end. Stocks tend to rally in the first couple months of the year. That said Chinese stocks are very speculative. Insider trading and price munipulation (with their closely tied friends/funds) is common practice. They would buy quietly before they announce a planned good news, and sell on the news. Same on the other side. They control when to release a good or bad news and front-run other investors. Generally speaking the B shares (in US dollars) are cheaper than the A shares (in RMB yuan) of the same company. Several years ago there was a more than 50% difference, the gap was filled in one spring, and start to get larger ago. I don't know a good fund to participate, will do some research and see if I can find anything.