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January 11, 2007

Shanghai Fly checks in, Thurs., Jan. 11, 2007, 2:44 PM

"Bill, 4 days of distribution in the past 6 trading days. Huge volume, strong sectors finance and steel falling. While there are more advancers than decliners, those falling have larger market caps. Weak close today as well, caution might be needed. Half in cash by tomorrow."

Thank you, Fly.

Here are the charts for the past three months and the most recent five days. With regulations permitting margin, the Shanghai index has made an incredible move. It's enough to get the Fly (a real trader in Shanghai) nervous.

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Posted by Posted by Bill Cara on January 11, 2007 02:44:19 PM | Category: China

Discourse

Bill,

Thanks for the heads up. We took it all off the table today.

Posted by: 2nd_ave [TypeKey Profile Page] at January 11, 2007 10:57 PM [link]

Bill,

what will happen to US listed chinese stocks when/if yuan is revalued ?

Is the chinese-listed stock underlying CHL, for example, listed in yuan ? So what will happen to the dollar-denominated, US traded CHL as a result ?

Posted by: easan [TypeKey Profile Page] at January 23, 2007 10:48 AM [link]

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