Shares of 500.com Ltd and Sungy Mobile Ltd , surged in their U.S. debuts on Friday 22 November.
Big names led the offerings, Deutsche Bank for the online sports-lottery operator 500.com, while Credit Suisse and JP Morgan were the lead underwriters for the IPO of mobile applications maker Sungy Mobile.
However, once bitten, two hundred times shy and you will see why in the post No More Chinese Companies
And also this is an excerpt from another post of mine:
I was taken by the hype and bought Facebook shares at its IPO (around
$40). It was my first IPO purchase so I had to take it down :). At some
point the stock reached $20 and I was highly tempted to double my
position but I remembered the sage of Omaha's rules:
Rule no.1: Never lose money.
Rule no.2: Never forget rule No.1.
He did not say: Make up the lost money.
So I did not buy any FB shares.
And a few weeks ago the stock went above $40, sold half of it at $43 and
the other half at $50. I had a feeling the stock would go higher (it
closed on Friday 18 Oct at $54) but I did not want to take any chances.
However, having said that (actually written) I am sure these 2 Chinese companies will do perfectly fine and their investors will make money. After all I have not invested in them :).
Saturday, November 23, 2013
Time to Get Out of Market?
"There is a moment in every bull market when investors worry more about missing gains than suffering losses.
The current rally appears to have reached that point.
The market coasted to its sixth straight weekly advance Friday, propelled by optimism over the Federal Reserve's easy-money policies and a torrent of cash from small investors.
..........................
The advance in the market is being driven partly by individual investors, who are suddenly agog over stocks.
Enticed by the market's blistering performance this year, retail investors have poured nearly $20 billion into domestic stock funds over the last month.
Their timing has intensified worries on Wall Street about the sustainability of the rally.
Small investors historically jump into stocks long after bull markets are underway, leaving themselves vulnerable to sharp losses when an eventual downturn hits. The current rally began in March 2009."
From LA Times Stocks coast to sixth weekly advance as rally continues
The current rally appears to have reached that point.
The market coasted to its sixth straight weekly advance Friday, propelled by optimism over the Federal Reserve's easy-money policies and a torrent of cash from small investors.
..........................
The advance in the market is being driven partly by individual investors, who are suddenly agog over stocks.
Enticed by the market's blistering performance this year, retail investors have poured nearly $20 billion into domestic stock funds over the last month.
Their timing has intensified worries on Wall Street about the sustainability of the rally.
Small investors historically jump into stocks long after bull markets are underway, leaving themselves vulnerable to sharp losses when an eventual downturn hits. The current rally began in March 2009."
From LA Times Stocks coast to sixth weekly advance as rally continues
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