There are reverse signals for Chinese Stocks listed in US showed these few days.
HMIN has positive volume today. The $38~$46 range have almost 20% profit. Let's see on the next week's mutual fund quarterly report day:).
NCTY is recovering, but doesn't impressive yet. Is it because institutes are changing positions from this one game company to multiple free game platform SNDA?
SNDA got a lot support from US investors recently.
This company's vice president was out from Microsoft. He could tell story the way that US institute investors could understand, so they ignore risk of this company's free gaming policy which was conflict to the Chinese government's game industry regulation that prohibit company make profit from selling virtual assess which is the main income sources of SNDA.
The speculated star CHINA weaken lately, it's getting better now .
FMCN is another example of money flow out long before the huge 2/27 sell-off. What those "big money" knew something we didn't know?
BIDU is NOT google, it's nothing like google, but US investor don't understand. They LOVE this "Chinese google" so much that I bet some might never sell it even it will be pushed back where it should stay.
The most bad thing about BIDU is the company's office issue. I thought it's a totally disaster idea. This company has spent 1 year net income on purchasing the land, so how much it have to put multi year income on building it? Let me guess, 5 year or 10 year?
It will put another year's net income to invest in Japan market which most foreign companies always failed in.
BIDU's price always high comparing to other Chinese stocks because hedge funds like to use it as a short squeeze weapon so no one dare to short it.
Some hedge fund like SAC declared owned no position in BIDU on Dec 2006. Is it the reason why BIDU plunge from the beginning of 2007?
