My Chinese stocks are up MAD!
Everyone knows that China is a rising world superpower, and an economic powerhouse. Never mind their massive polluting of the earth, the repression of their people, or any of that ancillary stuff. I own 5 Chinese stocks and they are flipping insane!
Guangshen Railway (GSH) -- up 13.72% today
iShares FTSE Xinhua 25 (FXI) -- up 9.27% today
China Unicom (CHU) -- up 8.07% today
China Telecom (CHA) -- up 7.24% today
Ctrip.com (CTRP) -- up 6.43% today
These held 5 of the 6 top spots today. I continue to be amazed at the heights these stocks are reaching. I haven't allocated a massive portion of our portfolio to them, but they are outpacing my other holdings. I am hesitant to plow new money into these stocks, but I am not selling either. I just get the feeling I'm holding on to something special - something like the Chinese Wal-Mart. We'll see!
12 comments:
I remember my tech stocks doing this in 1999. Consider that a word of caution.
yeah i know what you mean. i am not making a huge bet on Chinese stocks, i.e., I am properly diversified. Thanks!
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Where have you gone? Give us an update on those apartments! :)
I'm majorly invested in Chinese stocks as well..but I wonder if this is a bubble...don't think it is but you never really know.
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