It’s a Start
January 8th, 2006 by BWV
This news out of China is hopefully a harbinger of things to come. Such changes would benefit both that country’s future and foreign companies doing business there. If you’re interested in Chinese investing, Pacific Epoch is one of many good sources of information.
Many Chinese stocks trade here in the US.. most on Nasdaq. I’m looking at several of them right now for low risk entry points. Some are getting close to breaking multi-month downtrends.. others are stronger and are basing near highs. I lean toward the latter, but am keeping an eye on the former for a “first higher high” to form.
In order of how well I like the chart today:
CTRP (already long)
TOMO
SNP (already long)
CMED
PTR
KONG
CAAS
ACH
CEO
GSH
CNTF
XING
NCTY
On the other hand NTES has now formed a huge “island” pattern. I’d love to short this one if it breaks recent lows. Competitor SINA looks terrible also. ASIA looks like it’s on a beeline to $0.
Long CTRP, SNP
