Still waiting to hear the "never again" sigh on the streets of China.
Rogers Tells Investors Not to 'Give Up' on China
June 28 (Bloomberg) -- Jim Rogers, who in April 2006 correctly predicted oil would reach $100 a barrel and gold $1,000 an ounce, told investors not to "give up" on Chinese shares after the country's stock index fell almost 50 percent this year.
"Start buying when others say 'never again'," Rogers, 65, said today at an investor conference in Nanjing. There is "much money to be made" from investments in Chinese stocks, he said.
3 comments:
Many Chinese are now saying things like "I just want to recover back my capital and don't want to touch stocks ever again."
They are still hopping... These people are still talking about stocks - that means the SSE has more downside!
When these people has totally given up hope, and one don't hear any Chinese talking about stocks anymore, then we may see SSE at 2321.
When they give you a slap on your face when you try to talk to them about stocks, then SSE should be around 2200. That's the bottom!
Therefore, I will wait for 2200.
hmm, very likely from unofficial comments that the government will only support SSE near the 2000 level.....that implies another 30% downside!
So HSI to go back towards 18800?
Still waiting to hear the "never again" sigh on the streets of China.
Rogers Tells Investors Not to 'Give Up' on China
June 28 (Bloomberg) -- Jim Rogers, who in April 2006 correctly predicted oil would reach $100 a barrel and gold $1,000 an ounce, told investors not to "give up" on Chinese shares after the country's stock index fell almost 50 percent this year.
"Start buying when others say 'never again'," Rogers, 65, said today at an investor conference in Nanjing. There is "much money to be made" from investments in Chinese stocks, he said.
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