A50 China Tracker 2823

Re: A50 China Tracker 2823

Postby winston » Thu Sep 24, 2009 7:03 pm

I think the markets can always be control in the short term. This is normally achieved by the "manipulation" of certain index stocks. It depends on how much you have and how long you want to do it ..

In addition, in China, short-selling is not allowed and the foreigners are limited to their QFII Quota ( only US$30b ? ) ..

There are also many new mutual funds waiting to be approved. When the market drops steeply, a few of these mutual funds would be approved...
It's all about "how much you made when you were right" & "how little you lost when you were wrong"
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Re: A50 China Tracker 2823

Postby lithium » Mon Sep 28, 2009 9:21 pm

Winston, it's 2762 now. are you ready to take position?
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Re: A50 China Tracker 2823

Postby winston » Mon Sep 28, 2009 9:35 pm

Ha Ha ... No need to be inpatient. There's plenty of people that wants to get out before the long holidays...

The weak US market is also not helping things.

Let's see how low they can go first. Maybe they will take out the strong support of 2639 this time.

We can always buy while they are on holidays, say around Friday, Oct 9.
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Re: A50 China Tracker 2823

Postby lithium » Mon Sep 28, 2009 9:40 pm

I think your wish will come true too :D DOWN DOWN DOWN!!!
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Re: A50 China Tracker 2823

Postby winston » Tue Sep 29, 2009 3:26 pm

"With huge supplies looming in the markets, including ChiNext, the index should have room to fall further immediately after the holiday," said Zheng Weigang, head of investment at Shanghai Securities. "Funds are being diverted from existing shares."

Source: Reuters

http://www.reuters.com/article/marketsN ... 29?rpc=611
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Re: A50 China Tracker 2823

Postby winston » Fri Oct 09, 2009 9:34 am

The A50 ran up from 13.10 to 13.82 during the school holidays while the SSE is closed.

SSE up 2% at the opening. Will wait for a better entry ...
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Re: A50 China Tracker 2823

Postby winston » Thu Oct 15, 2009 10:22 am

Range High 14.40
Range Low 13.10

Today, we are back to 14.40. And the SSE is now back above 3000 ...
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Re: A50 China Tracker 2823

Postby lithium » Thu Oct 15, 2009 9:55 pm

Drop back below 3000.......... hmmmmmmmmmm

And HSI also drop back just 1 point below 22000......... hmmmmmmmmmmmmmmm

If Dow can't hold 10000 tonight........ HMMMMMMMMMMMMMM :lol:
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Re: A50 China Tracker 2823

Postby winston » Wed Feb 24, 2010 8:11 pm

The SSE has dropped from 3339 to 3022, a 9.5% drop.

At the same time the A50 China Tracker has dropped from a range high of HK$15.40 to HK$13 today, a 15.5% drop.

So it looks like the bigger companies have corrected than the smaller companie sof the index.

As I dont expect a crash before the NPC march meeting, I have initiated a small position in this ETF.
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Re: A50 China Tracker 2823

Postby winston » Mon Jun 14, 2010 12:45 pm

Not vested.

DJ MARKET TALK: A50's Premium Vs NAV Suggests Upbeat A-Share View

1152 [Dow Jones] A50 China Tracker (2823.HK) +0.5% at HK$11.80 despite A-shares market closed (won't re-open until Thursday), suggesting HK investors hopeful A-shares regaining strength gradually; this also reflected by A50 currently trading at hefty 9.7% premium to estimated NAV of HK$10.76/share.

Macquarie notes A-shares corrected 23.1% year-to-date, reflecting concerns over local property tightening measures, global economic fragility, now trading at 13.3X 12-month forward P/E (24% discount 8-year average of 17.6X).

"The market debate continues over whether such risks have been fully priced in, but from our perch in Shanghai, we note tentative signs that local sentiment is beginning to shift back in favour of local equities." A50 volume tapers off to HK$212.5 million, but still good for 10th most heavily traded HK stocks.

Source: Dow Jones Newswire
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