Trader Mark submits:
Sina.com (SINA) is showing the first weakness in a while, on reports Facebook is entering China via a partnership with Baidu (BIDU). That said, after the initial (over)reaction which shaved about 7 points off the name, the stock has bounced back well in the afternoon.
(Click to enlarge)
The hit to [...]
Jae Jun submits:
I understand that shorts have to exist in the market to balance the equation, and let me first say that after having read “The Art of Short Selling” thoroughly a couple of times, I have the utmost respect for fundamental short sellers such as Kathryn Staley, Jim Chanos and David [...]
Kevin McElroy submits:
While the leadership in the United States quibbles about whether we’re at war in Libya or we’re not (hint: We are), or whether we should reduce our deficit by 0.23% or not (that’s the $33 [...]
Variant View Research submits:
On 4/6/2011, Advanced Battery Technologies (ABAT) issued a press release responding to our research report titled “Advanced Battery Technologies (ABAT): The Most Egregious Chinese RTO.”
We present, side-by-side, excerpts from ABAT’s response and statements from their official filings. ABAT’s response contains numerous false and misleading statements which directly contradict its filings. We have [...]
Alicia Damley submits:
The growth potential for China’s financial sector is undisputed, driven by strong growth and an under-penetrated, large population rapidly accumulating wealth (see here). In anticipation of this, investor valuation of Chinese banks put them into the top group of global banks by market capitalization. Critical to the development of its economy, [...]
Patrick Chovanec submits:
One sure sign of a rising China is its more assertive stance in bilateral talks with the US. So last year, when US negotiators proposed that China help reduce the bilateral trade imbalance by opening up its markets to US exports, Beijing was ready with a proposal of its own: [...]
China Play Stocks submits:
China A-shares are traded in Shanghai and Shenzhen exchanges, and not available directly to foreign individual investors. China H-shares trade in Hong Kong and are open to foreign investors. The A-shares have historically traded at significant premiums to H-shares. This is because a bulk of the A-shares investors have been individual mainland [...]
Alfred Little submits:
Chinese RTO Puda Coal, Inc (PUDA) Chairman Ming Zhao transferred the ownership of PUDA’s sole Chinese operating entity, Shanxi Puda Coal Group Co., Ltd (“Shanxi Coal”), to himself in 2009 without shareholder approval according to official government filings. Then, in 2010, Zhao sold 49% and pledged the other 51% of Shanxi Coal [...]
New Finance submits:
Recently, Chinese small cap stocks have been assaulted from all sides with allegations of fraudulent and deceitful business practices. Rino International (RINO) was the first guilty party, but some attributed that to simple statistics; there are frauds in the United States as well.
More recently, China MediaExpress (CCME) came under scrutiny and [...]
Prieur du Plessis submits:
The manufacturing PMIs for March indicate that the pace of the robust global manufacturing sector has moderated. My GDP-weighted PMI for the major economies fell to 56.0 from 58.2 in February.
The pace of expansion in the U.S. eased slightly to a still robust 61.2 in [...]