It might be one of the toughest long weekends to American investors, as the equities markets around world were experiencing another black Monday, while they were sitting tight to wait for the (possibly horrible) Tuesday to come. I have covered a few short sell stocks in the past two or more weeks, and all of those stocks had reached my targets, so I won’t spend any time here to do any follow ups, but if you own any of those stocks, hold on to it, and ride the trends at least until tomorrow.
Today, I am going to cover 8 (12) Chinese stocks, which are publicly traded at either NASDAQ or NYSE. Although, some of the Chinese banks also announced their write offs that related to the subprime issues, and Chinese stocks markets has been tumbling down for nearly 1000 points in about a week (including Tuesday), I still have some confidence (if not huge) in the future of China, especially in the year of Olympics.
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STP, LDK and TSL are the three of the Chinese solar companies public traded on NYSE. Solar power no doubts has been considered as one of the best alternative energy available. The rise of Chinese Economy and large population will definitely generate enough demand for those solar companies. I mentioned STP in my previous posts, and it is at the support right now, the next support is around $45, will see what happens. LDK and TSL are also at theirs supports, I would not say it is the time to buy now, as the direction of market is still heading South, but those are definitely watch list stocks for your long-term portfolio. Another Chinese Solar company is YGE , I won’t spend much time on it now, but do some due diligent, if you consider to add any of them in your portfolio.
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BIDU and SOHU are two Chinese Internet companies, the former had been recognized as the GOOGLE of China, the latter has signed exclusive deals with Beijing 2008 Olympics. However, I would NOT say those stocks should be included in your long term portfolio, but there are definitely some short-term speculative opportunities. BIDU’s next support is around 220, whether the price can stop there and reverse is a question mark, but it worths observing. SOHU has a few supports below the current price level, seems like a better investment or trading candidate. Nevertheless, be careful, those stocks are pretty volatile. Discipline is critical! On the other hand, LFC is a Chinese insurance company. The insurance business in China is still not fully developed, another phrase it is still in its growth stage, so the potential is HUGE! The stock is trading around its support and below its downward trend line, so observe it closely.
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CHL (China Mobile Ltd) has some merger activities going on currently, and the stock is trading under its downward trend line. I don’t think it will break this trend line any time soon, but supports are near, so sit tight, be patient. QXM is another stock I had covered before, it has been consolidating in the past two months, so watch for breakouts, either up or down.
There are also other Chinese stocks in my watch list, which includes, PTR, GU, XING…, which I would not spend much time here to analyze. But it doesn’t mean they have little potential. Actually, GU is one the stocks that I think is a good buy now.
Happy Trading & Investing 
