Trading Chinese stocks

Now I've the software to analyze and trade Chinese stocks, I'll look at the possibility to scan and trade Chinese stocks at night.

This is the place I got the software. My brother and friends have accounts with them.

http://www.bhzq.com/Service/default.aspx?skins=softdownload

Most Chinese stocks are NOT allowed to daytrade. If you bought it today, you have to hold it overnight or several days, you cannot sell it right away, they called it 0+1 or 0+7 stocks. However, trading stock warrants are not subjected to this restriction. I might look at the stock warrants to trade, there are a handful of stock warrants in Chinese stock market, not many. No stock options.


Another strange rule is they would stop trading a stock if it drops or gains too much for a day (10 or 12%).

Even though the Chinese stock market was hot, I still think the U.S. market is where to trade. You got 7:1 $ to Yuan Exchange ratio, for every dollar you gain, you could exchange it for 7+ Yuan, you can also trade stocks in margin, that's another leverage. No margin trading in China.

Blogs in China

I cannot access to this or other blogs from China. The Chinese government has blocked the blogs.

Back from my trip

Had a very nice trip to China. I hope everyone is well.

Kids will stay at home for the rest of the week, I'll take care of them first. Make a few trades here and there.

Some charts I scanned

I don't have time to play them, some charts popped up the scanner:

http://www3.stockfetcher.com/sfchart/1042027196.png
http://www3.stockfetcher.com/sfchart/457700024.png
http://www3.stockfetcher.com/sfchart/1891195691.png
http://www3.stockfetcher.com/sfchart/830649706.png
http://www3.stockfetcher.com/sfchart/1472624407.png

Preparing my trip

I've been preparing my trip to China. We'll leave at 4:30 AM tomorrow morning, we'll be back on 06-26-2007.

I wish everyone have a great summer!

SWNE 0.20

SWNE is a speical reverse split round up play. These special round up reverse split plays can be extremely profitable. The last one was NWNO about one week ago, these bought the shares before the revesse split turned their little gamble from $11 to $1500 in a few days.

"SWNE 1-500 R/S No shareholder will be reduced below 500 shares. N/C to Mariner's Choice International Inc (MCII). "

Bought 500 shares with $100, after the resverse split, because of this special treatment, I SHOULD receive 500 new shares, but the price would be around $70 based on Friday's close. 500 shares x $70 = $35,000. In the worst case, even I sell 500 shares at $1, still make $400 profit. I will take it, worth the $100 gamble. In fact, if you just bought $1 or 1 share, you should still receive 500 new shares, that's a pure lottery ticket play.

Remember, this is a special niche play, not applies to all R/S, you cannot buy it after the ex-date (or after the split), it only applies to the R/S stocks have the round up clause. Read the board - Reverse Split Round up Share Plays:

http://www.investorshub.com/boards/board.asp?board_id=9426

SWNE discussions:

http://www.investorshub.com/boards/board.asp?board_id=9405

DAY: 06-01-2007

Time flies fast, a new month has started. Time to pay bills again. I feel I just need one bill-free month to catch up, I should be all set on my account. Unfortnately, I have to face the reality, I have to take one month off to China. It is so funny, sometimes, things always turn aganist you. Maybe I should take time to relax and recharge energy, not a bad thing.