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In a UBS paper released yesterday, economist Jonathan Anderson said the Chinese economy is in the midst of both unusual and temporary shocks.
"Things may look rather shaky for the Chinese economy going into the second quarter of 2008," Anderson said
Yangzijiang seems to broke out of it's triangle formation and broke out of a gap support too. It does not look good to me at this moment technically. U can check out the chart
here @ my blog.
see if the 1.16-1.2 is able to hold in coming sessions. doesn't look like it though...very weak. needs to break 1.45 for uptrend to be in place. so for daily traders, there's your range.
cheers! :)
Hi, Singaporegal. Do agree w/U too
YZJ, went to low of $1.20ct, well so far $1.16ct is yet to be tested...as today (CNY eve) is half day trading, Seem Mon/Tues....then let YZJ settle down it price 1st B4 considering anythings else...not vested here yet.
Yangzijiang Last done:$1.25ct Volume:15,362,000 
-0.03ct
technically...no sign tt it will rebound upwards yet ..cheap can get cheaper sometimes de
This counter is cheap at 1.20 - 1.29.
To win the Big guys, we have to queue and buy lower than them. That is to say, we will need to monitor every large trade price closely.
It's exactly what I meant regarding the big lots buying up. They are letting go now with large lots.
For some reason, this counter has been attracting buyers throughout the session, not much of selling activities today. I am not too excited seeing large lots buying up as this is for sure the fund house buying up. If they can buy up, they will sell down when made profit, thus will bring the share price down again. I would prefer to see smaller lots buying up constantly which will hold share price steadily.
Maybe bcos China market close for holiday thus no clear direction as it may not follow Dow's drop if it's trading today.
About the S-Share, I have realised that the drop today are not very big for most of the counters. They dropped about 1-3% in general as compared to Singapore Blue Chips which dropped about 4-5%. Could it be that the QDII funds are supporting the price, since S-share is so much cheaper in valutaion as compared to the H and A share.
If China QFII is not coming fast enough, we could see it at IPO price of $0.88...than will consider to buy accordingly.
The selldown from $2.60 in Nov 07 to $2.00 just last month and now $1.25 range, representing 50% & 35% discount respectively. Looking at the selldown today after the US reported bad service index, YZJ is just 4¢ down which is not so bad.Look closer and found out that there seemed to have more buyer than seller. I think the bottom may be around the corner although it might go down somemore. It's a better bet now than 1 month ago when it was trading at $2.00. If US does not go into recession, we might see YZJ trading higher again...my 12 months target is $2.00
technically...i see it only credible if it goes upwards and close at $1.47...based on Fibo and support/resistance theory
Signal for YZJ still very weak..maybe will rover between 1.26 to 1.35 arh best to stay sideline ...CNY coming, money hot hot inside pocket better hahaha
INFO from SGX. This is...on sales........!!!
| Substantial Shareholder * |
Baring Asset Management Limited** |
| 1. |
Holdings of Substantial Shareholder , including direct and deemed interest : |
 |
Direct
|
Deemed
|
| No. of shares held before the change |
0.00 |
166,499,000 |
| As a percentage of issued share capital |
0 % |
5.04 % |
| No. of shares held after the change |
0.00 |
159,880,000 |
| As a percentage of issued share capital |
0 % |
4.84 % |
I think the worse is over for this guy....
why aim China Counters? Local blue chip better
http://www.freewebs.com/henryhts.
I think this counter is likely to be still worth watching. Pretty big moves, consistently high volumes (seen very frequently in the top 10 vol) in the recent turmoil - sign of BB action; not surprising as it's a constituent in STI. The only catch is - where is the bottom?
From a sector play perspective, need to track this in conjunction with STXPO and Cosco.
This counter will eventually fly back up in a big way
