Can anyone post of chart of this company, would love to have a look at it from purely a T/A point of view.
View attachment 62707
Kind of scary because this would be the kind of stock I'd like to buy. Easy support and resist levels, shallow pullbacks indicating buyer str.
A stop @ 6.59 would have gotten some pretty awful fills
Li Hejun, CEO of Hanergy, apparently bet on his stock plunge. On May 18, he increased his short position by 796 million shares, which is equivalent to betting that his firm shares would tumble.
Kind of scary because this would be the kind of stock I'd like to buy. Easy support and resist levels, shallow pullbacks indicating buyer str.
China's state-owned investment company, Central Huijin Investment, has confirmed it recently sold some mainland-listed shares in China's top four banks and other listed financial institutions, as well as exchange traded funds (ETF).
The disclosure late yesterday came after public data from the Hong Kong stock exchange showed that Huijin had reduced its holdings in China-listed A shares of China Construction Bank and Industrial and Commercial Bank of China (ICBC) .
News of the sale was cited by traders as one factor behind a plunge in China share markets earlier in the day.
China is in a similar situation to the USA at the end of the 19th Century.
It is a "go to for results place ".
It will have it's booms and busts interspersed with wars, as the US had, but I would punt on China rather than the US atm.
gg
I wouldn't punt on either - the ponzi's are all the same, only the timing is unknown - which over margined, under regulated market will hit the tipping point of a levered sell tsunami first? It will be spectacular.
Until now, a lack of accessibility has meant the Shanghai Composite has been excluded from the MSCI Emerging Markets Index, which drives billions of dollars in passive capital.
"The next survey for the MSCI Emerging Markets Index will begin in April with the results decided by the end of June. If progress with Stock Connect is made quickly enough the Shanghai Composite could potentially be included for the first time as early as this year, which would prompt a massive influx of passive funds," Mr Ho said.
China's government wants to attract more institutional foreign investors to reduce the high level of volatility currently in the market.
A quote from this source dated 13/3/15....http://www.smh.com.au/business/china/now-is-the-time-to-buy-into-the-shanghai-composite-amp-says-20150313-1429z6
This could boost the Shanghai Composite Index over its double top of around 6000. I think we are living in interesting times!
Thanks Uncle.
A Ponzi by definition occurs when considerable muppets have a belief in one view or sector of the market, and are fed back a con, to confirm their belief. China is no Ponzi.
Both the USA and China are "Go To" places, and require chips to play.
I just believe the Chinese are more adept at the present time.
gg
The bottom line is that China’s last comparable lending boom produced a nonperforming loan burden at least 20x larger (as a percentage of total loans) than the figure Chinese lenders are reporting today (and perhaps 30x!)
China’s seven-day interbank repurchase rate, which is the borrowing cost among banks, jumped from 2.2% to 2.73% over the week
China’s margin debt reached a record $419 billion Friday
F--k me, of course they do. Weasels.Some analysts think Beijing is now more likely to step in with further stimulus, helping prop up the markets.
Since November, the People’s Bank of China has cut interest rates three times and banks’ reserve-requirement ratios twice.
see this happening it should start crashing right from current levels and the previous months top should not be breached.
In this case China will not be alone, expect the entire world will enter the collapse, with All Ords also heading to 1000 level.
Rising up from the center of Beijing, not far from the Temple of Heaven, is the loudest voice in the wild east of the Chinese stock market.
It’s neither a bank nor a brokerage -- it’s the headquarters of Xinhua News Agency, long considered the “throat and tongue” of the Chinese government.
With the heady exuberance over Chinese stocks starting to fade, sowing fears of worse to come, investors are scouring state media for clues to the Communist Party’s thinking.
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