Okay, I’ve been burned like 3-4 times now. Woke up this morning and saw that my NIV had dropped 95% in one night… 95%!!! Checked the news and looks like fraud… AGAIN!!! I’m now convinced that 90% of the Chinese stocks that look good on paper are frauds. I sold out everything else that I had in China this morning… You just can’t evaluate the fraud factor over there… It’s WAY TOO HIGH!!!
I guess that’s one way for them to get paid back for some of the money America owes them…
Check out Tencent Holdings, TCEHY. I’m no expert, do your homework.
sealevelPete
Deut. 23:12-13
HQS (is it Chinese or just located there?), another good example. Just glad I didn’t double down on the drop.
Steve Wynn is making a killing with his casino in Macau. Stock’s at an all time high though, but they like gambling in that part of the world.
sealevelPete
Deut. 23:12-13
Sino Forest, another chinese stock disguised as a Canadian stock, is tanking due to fraud.