It is not my first time noticing china stocks have this underlying buying power supporting the price. Everytime it is beaten down, it rises from the ashes to stun everyone! I also noticed how Nikkei rebounded strongly today making it all possible for a big rally tomorrow. Hang Seng as usual showed resilience and I thought it had lead STI for certain days even when Dow Jones were down. I suspect Hang Seng is the reason why China stocks are so strong. Nevertheless, it is dangerous to chase high flying stocks. Strict cut loss is a must!
ChinaMilk
ChinaSun
Cosco Corp
JurTech
ChinaWheel: Blueline at 0.460. Watch the break of this key resistance.
News:
Semb Marine's Q2 result on 1st August.
SPH results due 11th July.
Labroy Marine interviewed by Reuters.
DISCLAIMER: This is not an inducement to buy or sell. You should do your own analysis on top of my postings. Copyright © 2006 GrowMoney Blog. All rights reserved.
