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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum -- Ignore unavailable to you. Want to Upgrade?

To: KyrosL who wrote (63820)	5/24/2010 8:35:12 AM
From: Snowshoe	Read Replies (2) \| Respond to of 219600

12 Charts That Have Jim Chanos Grinning Madly businessinsider.com Possible short targets: TAO, HKG:0808, PKX, EGLE, DRYS, $HSI, RTP, BBL, VALE, FSUMY, CAT, $SSEC

To: KyrosL who wrote (63820)	5/24/2010 6:24:33 PM
From: TobagoJack	2 Recommendations Read Replies (1) \| Respond to of 219600

chanos is wrong about china. his reasonings were wrong. china shares are by nature volatile. 50% up and down are the norm, and affects very few folks in very minor way on shore - it would not be different than the price of garlic went down on the tianjin electronic exchange - price down, yes, economy busted, hardly. his call cannnot be implemented in any serious way on china shares, especially property and building material shares. implementing his call on off shore companies is the only way, but if so, one would not be "shorting china" but instead "shorting planet earth" - good luck, perfectly reasonable trade, but it would not be shorting china by strict definition, would it? at least not yet. here is another china bear businessweek.com talking but china share had certainly cratered 50+% earlier, and yet there is a labour shortage. what material cratering took place? nothing. i have no argumenets with shorting the planet, but shorting china shares is a mug's game. there is no need to admit wrong when one is not wrong. it is called righteous conviction. you know, the same conviction in the case of gold. you do have gold, do you not? if not, why not? why not admit you are wrong? if yes, then let me suggest if you are long gold, you are long china. because it is china that allows the fiat paper game to continue, until such time china gdp equalizes with usa gdp, then game over. that is my belief, long ago specified on this thread, with conviction. i am long china by long gold and hk industrial real estate. i hedge with hkd cash, so as to stand ready to arbitrage usd:rmb de coupling as well as to pick up bargains here and there whenever. the above is about as explicit a strategy statement as i have read anywhere else. i do not fantasize about gold going in an unspecified number of years. i have been booking on average 18% steady gain on core gold holdings over 10 years, adding constantly, and concurrently gaming the paper gold and gdx instruments all along the way, and happily doing so. more importantly, i will continue to do so, because it is in alignment with the force, as you should know, at least by now. and the above is my explicit statement regarding tactics. the strategy and tactics are in response to my fundamental premise regarding what the world is doing, how, and why. i state them for your benefit, to try to save you, well ahead of the crisis moment, as i tried to save your fellow greeks, an effort you poopooed, wrongly; because your fundamental premise was wrong. now i am telling you the fundamental premises of hendry and chanos are not only wrong, but dangerously so should they be interpreted as to short china shares directly. you do see the sense, do you not?