The problem is that some of those stocks still look so darn cheap. And if they get any sort of catalyst such as (China Digital TV Declares Special Cash Dividend to Shareholders) or (China Marine Engages BDO China Li Xin Da Hua as Independent Registered Accountants), they can really move. Of course they can give it back just as quickly (Baring Pulls Back on Harbin Electric Deal). Recall, the HRBN deal announced near the end of September in my eyes was what really lit off the furious rally on Chinese hybrid stocks.
JCG Gets a Suit(or)
Recall that I commented (Going Shopping) about a Barron's article on retail firms being LBO targets. Well, one of my five candidates got an offer yesterday (Deal Profile: J. Crew Agrees to $3 Billion Buyout). I was surprised to be right so quickly. It is noteworthy that on a generally poor day in the market, that 3 of my 4 other candidates were all in the green, and even the laggard, Gap, was flat. Here is how all the stocks have done since November 2nd:
MFI Index - Year to Date
Now that I have created an index, there is no end to the fun. I have super-imposed it on my graphs and created a year-to-date 2010 index, which I show below (note it shows the index and how my portfolio have moved during the year. I would have been better off thus far to have simply been the index, although that is not true going back to 2006, a point I will show another day):
I have been creating a list of words that have different meanings when pronounced differently like row (in a boat or having a fight) or present (getting a gift or giving a power point presentation). Can you name two words in the English language that are pronounced differently depending on whether they are capitalized?
A few on my list (drop a comment with answers or other words)
resume (cheating a bit)