Stocks and Trading Thread - Channeling your inner Mono

[Admiral Yi]

Just bought me some Poland.

[Caliga]

@ Jim Cramer wearing his Apple watch alongside his really very nice Breitling.

I'm sure he's been paid to wear one, though.

[Ed Anger]

That and he's got a major boner for their stock.

[Tonitrus]

I have found sometimes that going back at looking at stocks I have held in the past (that I had sold for a small, tidy profit at the time, and are now worth even far more if I had held on to them), is a lot like looking back at past relationships.

So much lost potential. 

[Admiral Yi]

Do you keep a written record of every stock you sold and the price you sold it at?

Kind of obsessive sounding.

[Tonitrus]

Do you keep a written record of every stock you sold and the price you sold it at?

Kind of obsessive sounding.

No.  I was just going through some of my older brokerage statements (mainly to try and look at overall returns for some of my long-term stuff), and saw an old stock I had, and was like "I wonder how that is doing now?  Ah shit".

Basically just like a random Facebook stalking of a person one used to know. 

[MadImmortalMan]

Mono, can you explain what is going down with the HK and Shenzhen exchanges? I've heard they are merging and a bunch of the rules will change.

I'm thinking of shorting something like CNXT or some other ETF that's as close as I can get to focusing solely on the Shenzhen stocks. I don't know what Hong Kong getting into the mix will do to that though.

[Monoriu]

Mono, can you explain what is going down with the HK and Shenzhen exchanges? I've heard they are merging and a bunch of the rules will change.

I'm thinking of shorting something like CNXT or some other ETF that's as close as I can get to focusing solely on the Shenzhen stocks. I don't know what Hong Kong getting into the mix will do to that though.

No, they are not merging.  I think it is like what has already happened between the Shanghai and HK exchanges.  Basically, the agreement allows me, a HK resident, to buy shares in the Shanghai exchange directly.  No need to open an account with a Shanghai broker.  I just log on to my existing bank account, and there is an option to pick any company listed on the Shanghai stock exchange to buy it.  Of course, it goes both ways and Shanghainese people can also buy HK shares.  I think they are now trying to expand the agreement to also cover Shenzhen. 

[MadImmortalMan]

Looks like I'm frontrunning Bill Gross on Shenzhen.

At the very least I'd stay out of China right now. Valuations are nuts.

[Admiral Yi]

Totally nuts.  I'm beginning to think that stuff about Chinese being good with money is BS.

[Monoriu]

Totally nuts.  I'm beginning to think that stuff about Chinese being good with money is BS.

Who said that Chinese are good with money?   

[Admiral Yi]

You want names?

[Razgovory]

You want names?

I always want names.  I don't think I have a category that titled "People who think the Chinese are good with money".

[Monoriu]

You want names?

Yeah, why not? 

[Admiral Yi]

Bill, Frank, Jane.

It is commonly acknowledged, particularly in the context of discussing the Chinese diaspora, that Chinese possess good business acumen (perhaps not identical to being good with money, but close).