Post by
pacer001 on Mar 07, 2013 5:37pm
Jim Chano's insane comments
Either the renowned Jim Chano's has lost his mind or he is trying to push Chinese real estate stocks down so he could load up on them very cheaply. I vote for the later. He is no dummy and very shrewd!
His below comments over look one very big critical thing: the Chinese do not build for the present but wisley for the future. They have a population three times that of the US and even though they have moved hundreds of millions out of the rice paddies they still have a few hundred million more to go.
Now let me ask you this: if you have two working bain cells and you were going to move millions of people into a new location would you not LOGICALLY make sure you had a place for them to live with adequate water, sewers, power, roads, etc. etc.? Of course you would! The Chinese are wise and careful planners as witnessed by their stunning success in advancing their civilization. In contrast, we are idiots and decling!
Jim's comments from the Bloomberg wires:
"He said he analyzed Chinese government figures and concluded that China is on pace to develop about twice as much in the coming years as it had built in the past three.
"Avoid anything having to do with the Chinese property market — steel, cement, iron ore," he advised investors, saying that he's been shorting these sort of plays."
Comment by
Houndtrader on Mar 07, 2013 7:35pm
I call them half wits, I like the way they increased the divi,and I liked the last financials. Good enough for me. I put a sell order in for #20.00 bucks, so they won't be borrowing my shares to short.