What I mean by that is the market is about to go up–in slang terms of course. If I had to guess, I’d say 25% of you ate hot dogs for dinner, greedily salivating over your tray because of the gloomy news. The more people die the better you feel. In no uncertain terms, you are a ghoul, the very worst person in the world, a hitler amongst hitlers.
Anyone who is invested in the destruction of western finance is a terrorist and should be treated as such.
Now that I got that out of the way, let me remind you that “The Fly” is ‘CHINESE’d UP’, long nefarious stocks based behind the great wall. While accurate accounting may not be one of the great attributes of motherland china, it’s also true that chinese companies trade at significant discounts to their American peers, by all metrics. The proverbial baby is often tossed out with the proverbial bath water.
My guess is this, very simply: the run in China continues, up until the point when Alibaba goes public. This is web 2.0 folks. Most people didn’t believe web 1.0, when GOOG and AMZN were trying to grab a foothold. Eventually these stocks will become mainstream and when they do, valuations will normalize and stocks will fly.
Some chinese ideas include: JD, WB, JMEI, BIDU, TEDU, LEJU, SFUN, QIHU, VNET, ZPIN, LITB, BITA, WBAI, YOKU, KANG and DSKY.
I just bought me some DSKY on Friday. It’s a fantastic little company on mobile gaming. Being brand new, recently IPOd, look for it to make a sharp move higher if others jump onto the bandwagon.