Stocks are simple. All you do is buy shares in a great business for less than the business is intrinsically worth, with management of the highest integrity and ability. Then you own those shares forever. I will tell you how to become rich. Close the doors. Be fearful when others are greedy. Be greedy when others are fearful.

November 29, 2007

NOV-30-2007 A

周四沪深两市股指大幅反弹,成交金额出现明显放大。沪指收盘5003.33点,上涨199.94点,涨幅4.16%,成交827.65亿元;深市收于15919.28点,上涨560.12点,涨幅3.65%,成交361.45亿元。沪市上涨股票为733家、下跌42家,深市上涨股票566家,下跌25家。
消息面,1、A股动态市盈率降至36.85倍。随着大盘持续调整,两市A股加权平均动态市盈率目前已降至36.85倍。其中,金属、非金属行业的市盈率最低,为25.76倍。

November 21, 2007

Lesson learned

Only buying stock that when hsi is below 50 and go down to 100 lines. Don't buying it right after u find a good one. Don't buy when it rised 5 to 10 %, only buy at below 50 line.

When to sell?When there is at least 50% or more high than last time lower point that is high enough for big guys to make a intermediate adjustment that could go down for at least 20%.