The main theme of this blog is about my travels. But, whatever ...
I had put quite a proportion of my meager savings into this stock before I left for travelling and made good return (about 30% in 2 months). This was but a short tag in the bigger climb - in my view. Of course, this was no secret to those in close contact with me during the bullish months. I was not wrong, as Geely hit 1.10 HKD before settling into a more "reasonable" level. I had sold everthing around 87c, and bought myself this trip to Taiwan and some furniture for our new home in Tsing Yi (HKSAR). The hot money came a day after I had sold, on a piece of news 4 days old. That day, I was not sad, but not thrilled either, as the mark shot past my 87 and ended above 1 HKD in the next 48 hours. Oh well, Geelys cars are still crap, and I was hoping some farmer would drived it into the woods in some long distance ride he never should have taken and cause commotion before the next earnings report came in. Timing, timing, timing ...
Efficient market hypothesis? More like, when are they going to read that paper? Or hold that meeting? Or, how about, why don't fund managers use Google Alert instead of Bloomberg. Ehhhhnywayz. Not a blue chip, no analyst, can't have everything.
At least since recently, South African's, Malaysians, and I bet others are getting more nervous about Geely's cars, or Chinese cars in general. I, am very proud of this fact. Regardless of the dialogues suffixing the insurgence of China Cars in the global auto industry. As a Chinese, I got no benefit from the millions of compasses nor the billions of bullets cooked up in the last 200 years. There's no shame in miniturizing cars into a Made-in-China product for the good of our poor citizens. I do sincerely hope SAs and Malaysians end up as beneficiaries as well.
Well, I stop the anecdote here before somebody calls it bigotry.
One more thing ... go Geely go!!!
btw, what do you guys think about Beijing Airport?
I'm going downstairs for a foot massage. 1 block south of 通化信义口.
Tuesday, May 30, 2006
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5 comments:
im with u on this..go geely go!!! and also u cant forget...go chery go!!
Chinese Cars Forums
well, your adventure doesn't have to always physical, it can be mental and finanical. It is always good to hear your opinions on the world, particularly on the market.
Investing is always both philosophical and practical. I am positioning my portfolio before heading for my trip. I now own a few China's dotcom; I will go travel extensivly in China, doing so is my way to study those stocks...
Do I believe it market efficency? In a long run, I think the market is rational and will correct itself, so all the crap will be known as crap eventually. Just buy good stock and hold it for a long run then we will be rich. However, as Keynes said it correctly and famously "in the long run, we are all dead." But in short term, market is irrational and arbritrary exists. Making money is short run is genius as well as luck. Hopefully my trip can be lucky....
Ernest
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