Reading Time: < 1 minute The AA 0288 flight from PVG to ORD yesterday was very much full. The airline offered $600 coupon if someone is willing to give up his/her seat, because the plane is overbooked. As usual I saw more American than Chinese, besides business people and college students, we saw a little girl played ballet in Shanghai,
Reading Time: < 1 minute This time I am not travelling alone π I spent past 3 months here in Shanghai, plus a few months I spent early this year, this year marks the longest time I stayed in China since 1997. I enjoyed my time (for the most part) here. At the same time I learned a lot things:
Reading Time: < 1 minute He came to say a big “thank you” to PetroChina, because he made lots of money from its stock. Also he came to Dalian, to celebrate the opening of his first company in China (a metalworking tool plant). The plant is a part of IMG group, a subsidiary of Berkshire Hathway. I would think IMG
Reading Time: < 1 minute Last night (Oct 24 10 PM, Shanghai time) I bought some Longtop (NYSE:LFT) shares at its IPO debut. I think this is more like “gold rush”, not something a rational investor would usually do. After I bought it at opening ($27), the stock gapped down as low as $23.25 (see the pattern here?). But it
Reading Time: 3 minutes I didn’t pay much attention to Chinese IPOs listed in US lately. This spring (March) I got into XFML, which is a big mess. Recently I traded WX (Wuxi Pharma Tech), which I think is the best Chinese IPO this year so far. But I am not a biotech/pharma guy, and I felt WX valuation
Reading Time: < 1 minute Yesterday (Monday Oct 22 Beijing time) I was wondering why the Citic Securities 600030 stock did not trade in Shanghai: the official reason is CS expected to announce some news. I thought about the Bear Stern (NYSE: BSC) thing, and my guess was right. Here is the news this morning (Oct 23), in Chinese and
Reading Time: < 1 minute I don’t know if you notice this is ζ‘θ± sweet osmanthus season again. On my way to work, I can smell it. Such as this one (on Changning Rd. near China Merchants Bank). I liked ζ‘θ± because in my primary school, we used to have one or two trees, and we can smell it during
Reading Time: 2 minutes No. I’m not kidding. Big money (billions of dollars) usually is a good thing, but not easy if one wants to beat market return in a certain time. You can ask Charlie Munger (Berkshire’s vice chairman) and he will tell you Berkshire is going to make a (market+2%) annual return from now on, according to
Reading Time: < 1 minute Today is Oct 15, 2007. Shanghai Composites Index continued to defy the gravity, amid the central bank (People’s Bank of China) raised bank reserve rate by 0.5 again in the weekend. The composite index closed above 6000 (Sina) for the first time. Interestingly, history shows the CPC congress is bad for the stock market. Here
Reading Time: < 1 minute The following is picture I took at China Construction Bank in Shanghai (April 15, 2007)
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