Thursday, March 27, 2008

Mar-27 A-Share surprised me

A share PetroChina is totally a joke. I have to say the judgment on bottom around 3900 was totally wrong. But I am quite lucky on CAF due to the recent strength of US market.

I called CAF on 36.2, please use 36.2 for the stop loss position. However, given the sharp drop in recent A-share market, a decent rebound is right at the corner, the problem is when.

I feel the steel makers in China has reached the bottom, as well as coal miners.

H Shares look strong, I am happy to see I was not totally wrong on Chinese markets.

Anyway, we have better economic data readings today, and I expect the market we start to head north in recent days, which hopefully proves my suggestion on buying pull backs like yesterday was correct.

Let's see.

P.S. My wife is sick in the hospital and I need to stay with her, so I don't have time to track the intraday changes, good luck.

2 comments:

Unknown said...

谢谢你老沈,你的blog是我每天必看的,好好照顾你的太太吧。

Unknown said...

all the best to your family