Strategies & Market Trends : Brillance China Auto (CBA)


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To: hui zhou who wrote (11)6/25/1997 8:21:00 PM
From: JOHN JIANG of 19
 
IMHO, don't touch other Chinese stocks. EKC may be possible since motocycle market is in a recovery. SHI has been in a humble dceline (~-60%)in the last four months while Jinbei got 40% gain in Shanghai Stock Exch. CBA's recent jump is caused by less-selling not strong-buying. This is abnormal and may hint something yet to come. Did you read the most recent Times? This article talked something about Jinbei's CEO who complained Toyota, which is also abnormal because Toyota may not be happy about that. +60% parts in Jinbei's minivan or minibus are supplied by Toyota. How dare Jinbei?! Wait and see. When it go down too much, I will cover my short position and, when it fly, I accumulate more. Will sell when the news comes out. Good luck.

JJ
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