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August 28, 2007


Stock Du Jour (CAF) & Random Observations

Selling all day long… a little rally attempted at 2 PM but it didn’t last long, reversed and closed weakly.

Notable New Lows: St. Joe (JOE), US Natural Gas (UNG), and Neurochem (NRMX).

Notable New Highs: China SPDR (GXC), China Southern Air (ZNH), Yazhou Coal (YZC), Morgan Stanley China (CAF), China Unicom (CHU), China Mobile (CHL), FTSE/Xinhua China 25 (FXI), China Life (LFC), Aluminum Corp of China (ACH) — I’m beginning to sense a theme here — NVIDIA (NVDA), Onyx Pharma (ONXX), and Superconductor Tech (SCON), which is up a little bit in the past five days (from $1.54 to $5.94).

I’ll feature a weekly chart of the Morgan Stanley China A closed-end fund (CAF), which I first mentioned back in April. I’ve shut up about China stocks being overvalued and quit trying to pick a top, so the end may well be nigh. (See, I can’t help myself.)

CAF

This entry was posted on Tuesday, August 28th, 2007 at 8:02 am (utc+8) and is filed under Trading and Investing.

One Response to “Stock Du Jour (CAF) & Random Observations”

  1. Ravi said:
    August 29th, 2007 at 5:07 am

    > I’ve shut up about China stocks being overvalued and > quit trying to pick a top, so the end may well be
    > nigh. (See, I can’t help myself.)

    Outstanding sense of humor and self awareness :)

    Ravi

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