April 10, 2007
Stocks Du Jour, China A-Share Fund, Buffett & Friends
A few semi-random things before I run out the door: all three of these stocks du jour (DNDN, NUVO, CEGE) were active pre-open and Dummies had no excuse for not stalking them. Study the charts closely.
Morgan Stanley’s China A-Share Fund (CAF) moved to a new all-time high (following the A-Share market of course). This is the only US-listed product I know of that gives foreign investors access to China’s domestic share market.
Buffett & Friends (no comment necessary)
Cat: | Time: 9:05 am (utc+8)
April 10th, 2007 at 9:13 am
bought NUVO at 4.20…
… 4 months ago.
April 10th, 2007 at 9:35 am
Is that Mikey Rooney with W. Buffett? Oh, wait if it is one of the Hooters girls is holding him up….
April 10th, 2007 at 10:31 am
Dan: You could’ve bought it yesterday at $4.20 and saved yourself months of teeth-gnashing. ;-)
BP: That’s Buffett’s stunt double.
April 10th, 2007 at 1:57 pm
The only thing about the dummy plays last night was that general tone was kind of weak and looked like it was going to get choppy.
April 10th, 2007 at 2:16 pm
wow on china stocks.
fxi seems to be the laggard for now.
what do you think.
April 10th, 2007 at 2:28 pm
Eyal: Tone looked OK to me (in hindsight).
Howard: It’s high time more hairdressers piled into H shares.
April 10th, 2007 at 3:25 pm
The uncut version pic…
Happy trading…
April 10th, 2007 at 9:03 pm
To be honest it was a very small position, just so I’d keep an eye on it. The kick in the pants is I had my finger on the trigger to buy more last week after it bounced nicely off the 50% retracement of its last pop.
Oh well.
August 28th, 2007 at 8:03 am
[…] 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.) […]