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    • Wed Jul 23rd 14:32 PM
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      Growing Resistance to Foreign Ownership in China
      Sounds like some Americans who in the 1980's were saying that Japan was buying up the US and would soon own almost everything. The Chinese will get past this too just as the Americans did. The world's a changin', it's called globalization and it ain't goin' nowhere.
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    • Sat Jul 5th 15:30 PM
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      General Discussion on GSI
      June brought GSI a new high at $19.43 but early July the 1'st through the 3'rd brought GSI shareholders a three day carnage where the price went from $16 [7/01/08] down to $9.75 [7/03/08] loosing over 22% on July 2'nd and an additional 16% on July 3'rd. This was the function of a deep and widespread correction in the general market and commodities like coal and steel in particular. The fundamentals for GSI still remain strong as China is a long term growth story with the Chinese government wanting a strong domestic steel industry producing high quality products for both domestic and export consumption. Chart-wise there appears to be strong support in the $8 - 9$ range which I view as an ideal price level for additional purchases. General Steel Holdings is a totally private ( 0% government ownership) holding company that buys government owned, semi-private and private inefficient steel companies and transforms them into western style low cost / high efficiency money making businesses. China needs lots of steel for many more years to come and GSI acquisition strategy, I believe, will eventually make them the largest China based independent steel company in the world within the nest five to eight years.
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    • Sat Jul 5th 08:16 AM
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      Coal and Steel Stocks Take A Hit
      Some readers of this forum seem to believe the China story is all over after the Olympics ends. Don't fool yourselves about the China growth machine. The Chinese coal and steel stocks (ex. GSI) have bright futures ahead. With the Chinese economy growing on average at between 10% to 12% annually for at least the next 5 to 10 years the global slowdown is a little more than a speedbump for this ancient nation. Let us not forget that when the Olympics end preperations for the World's Fair in Shanghai begin. By some well respected estimates China will spend nearly as much on the World's Fair event as they did for the Olympics. I agree with the reader who wrote that 'now is not the time to buy momentum stocks' as the momentum is down and it's a little too late to buy these dubvious 'bargains' here in the developed world but in the emerging world of China their steel and coal stocks are where US Steel was at the begining or our industrial revolution. How many of us, given the chance, would buy US Steel when that company was only several years old?
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    • Tue Jun 24th 06:46 AM
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      JP Morgan Offer for Wachovia Makes Sense
      Sounds like Todd bought some WB after the rumor of a JPM Chase possible buyout on the hope of a $24 offer. I'll bet you watch too much CNBC and I'll also guess that you had owned YHOO at one time and was burned by the Microsoft 'buyout' too. There's no deal happening here either as JPM Chase has too many subprime and other debt issues on their own balance sheet to take on WB's as well.
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