Mon 27 Aug 2007
Big Gain on ACH Premarket and China
Posted by oneonian under Money Talk
It seems ACH will gain up 25% in one day today. I know know I sold 1 Lot last week, but I don’t regret it. I need to get out of margin. ACH was my single largest stock by percentage, I wanted to reduce its exposure. If you been following my blog, you know i am big on ACH, I brought 7 lots since June 2007, 2 of those were in margin when market was crushing. Remember you should never allow any past transactions or current Mr. Market to effect your emotions.
Anyway, BUY China, I’ve been saying that for a long time now. To those I know personally, buying Force Protection, or investing in the US war, I say forget it about it. China growth out-weight the stupid war any day. Now that China government had finally allowed its citizens to invest in Hong Kong listing stocks, this will pour HUGE volumes, China Stock regardless, HongKong listing or H share ADR will soar. There, I put my neck out there for someone to chop.
So what to buy? I have ACH, CEO, PTR, YZC, CXTIE, BEIJF in my portfolio right now. CHL, LFC, CPHI on my watch list. If you brought BEIJF with me this past month, it’s going to double by aftermarket today, for some weird reason, I’ve notice it, it only trade in the extended market.
2 Responses to “ Big Gain on ACH Premarket and China ”
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August 27th, 2007 at 7:18 am
August 27th, 2007 at 7:59 am
Hopefully this will retreat a little to 50-55 range so I can buy some. I took the rest off the table today, 25 shares at 66. I think it’s had too much of a run up, and it seems like the endless buying of shares in Hong Kong have caused the shares in US to run up too far. I currently think it’s overvalued, and am looking for a pull back.