Reading Time: < 1 minute That’s from Andy Xie, former chief economist for Morgan Stanley (Asia), here is the link. The article is in Chinese. Basically he is saying the high PE ratio of Chinese domestic stocks can not be justified by the growth of economy. The profitability of company and the prosperity of economy are two separate things. Among the factors pushing up the stocks prices, he mentioned the
Reading Time: < 1 minute My roommate, an American guy in his mid 20s, has been looking for a house (condo, duplex) for a while. By “a while” I meant he probablly have done this for about 9 months. I understand he has many reasons for this long process: first he was new to St. Louis when he relocated from
Reading Time: < 1 minute The party is finally here. The ticker symbol is 601628 (not available at Yahoo Finance yet), it was priced at 18.88 (lots of 8 here). And it could go to 30s (note I usually make wrong guess, so take it for what it worth…) The ticker symbol in Hongkong is 2628.HK (from Yahoo Finance). And LFC is
Reading Time: < 1 minute Well, Heelys (HLYS) the stock did not do much lately. But I am still doing my reality check, in the stores and on eBay. This week I am adding Crocs (CROX) because I bought some shares last December and plan to hold it for a while. It appears my local Sports Authority(s) have sold most of
Reading Time: 2 minutes I first heard about this “affordable luxury” term when I bought my Nissan Altima GLE, with sun roof and leather seat, about 6 years ago. The Nissan salesman told me Altima is an “affordable luxury” car. By that he meant the car has the features I mentioned above, plus alloy wheel (looking good), and the price is affordable (MSRP $22015, I got
Reading Time: 2 minutes I bought a little Panera Bread PNRA shares today. I have watched the stock for more than 6 months. This noon I went to the store at St. Charles Rock road as usual, and I saw the biggest crowd. After I ordered food, I can see and hear the associate calling the customer name (when food is ready) about every 20
Reading Time: < 1 minute The following is an incomplete list of the Chinese blue chip (or red chips) companies traded both in NYSE and HKSE (Hongkong Stock Exchange). Some thinly traded stocks such as China Eastern Airlines (CEA) are not included. NYSE HK Full Name ACH 2600.HK Aluminum China CEO 0883.HK China National Offshore Oil Corp (CNOOC) CHA 0728.HK China Telecom
Reading Time: < 1 minute It’s the beginning of the year again. As usual people like to predict the markets, the economy etc. I don’t know how accurate will that be. But I know probablly half of them will turn out to be right 🙂 Predicting the general market and economy is not an easy job. But I think as individual
Reading Time: < 1 minute I have the following stocks in my Scottrade account as of today Jan 3, 2007. I remember the beginning of last year I only have 200 shares of Symantec (SYMC) Crocs (CROX): 46 shares, it seems people can not get enough of those funky shoes. Heelys (HLYS): 62 shares, it seems everyone is skeptical of this except me
Reading Time: < 1 minute Home Inns’ (HMIN) stock traded above $40 for the first time today Jan 3, 2007. Since its debut on Oct 26, 2006, the stock almost doubled from its first day close price (about $22.50). From traditional valuation point of view, this is a bit insane. As a stock holder I am also nervous about such
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