Bulls, Don't Rush to Be Zhongguancun Goods

2007/11/16 15:25:28

Just a few quick words — heading back to Beijing tomorrow. Wonder if the snow has started falling yet?

Beijing has Zhongguancun. Bulls, don't rush to be Zhongguancun goods either — Beijing is more than just Zhongguancun. 5462 points, and even this has been so painfully difficult — this ID has lost all interest in scolding the bulls.

On this trip, this ID had yet another profound sense of the entrepreneurial passion of Chinese enterprises. Though some of the methods were a bit too, shall we say... For example, among the companies this ID inspected this week, some were started by people who left world-class corporations, completely pirated the technology, repackaged it, and grew wildly from there. While this ID isn't particularly averse to such enterprises, this is not a sustainable approach after all. Chinese people have more than enough brains — why must they pirate from the foreigners?

The market continues to grind away here. This 5-minute hub oscillation will keep extending to larger levels, so the eventual breakout direction will carry even greater significance in terms of level. For now, it's estimated that more time is still needed.

On individual stocks, it's still a chaotic trampling of trends. For now, not many sectors will have the sustained ability to strengthen — in short, it's just back-and-forth grinding.

That's all — this weekend, this ID still has to endure one last farewell banquet tonight, and tomorrow it's back to Beijing.

Heading out first, see you later.