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July 4, 2007


Daily Trend Change in CITIC Securities

Checking up on bellwether China stock, CITIC Securities, you can see that the daily trend flipped down last week and the Manic Manicurist highs were never surpassed. Trading activity on the Chinese stock markets has plummeted in recent weeks as prices have fallen — this is what happens in a market that’s impossible to short.

CITIC Daily

This entry was posted on Wednesday, July 4th, 2007 at 12:19 am (utc+8) and is filed under China, Trading and Investing.

4 Responses to “Daily Trend Change in CITIC Securities”

  1. Wang said:
    July 4th, 2007 at 10:32 am

    I am watching citic very closely and read quarterly report . citic can make mondy from broker service and IPO service . It also has huge cash to buy out other local brokers.For long term, it’s a good investment since we will see the best bull market in china . I am bullish on this stock and wait the entry point, around 40 . I hope it can get this area.

  2. yin said:
    July 6th, 2007 at 10:01 pm

    Hey CM,

    Are there any railroad companies trade in China aside from GSH (0525.HK)?

  3. C. Maoxian said:
    July 6th, 2007 at 10:09 pm

    yin: I don’t know, sorry, you’d have to ask a broker.

  4. Maoxian » CITIC Securities: Revenge of the Manicurists said:
    September 27th, 2007 at 8:38 pm

    […] The trend change on the daily chart I pointed out in early July happened to be a wonderful spot to buy. Too bad this dip didn’t buy that dip. Click to enlarge (Weekly, since listed in 2002) […]

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