Hi readers
2.30am Tuesday Rhodes time
Up to see if China continues sliding.
Just when you thought the waters had carm down, Bang comes a 8% decline in China and 3.5% fall in Hong Kong.
As stated previously it's not over people there is another 9 months of this so don't get upset over it.
No matter what the government does this fall has to happen.
Can't live on credit forever, someone has to pay.
This only gets better!
Today I read in a Reuters article that there is UK funds lining up to tap into Asian hedgefunds.
Can't believe the stupidity and arrogance of the western world, thinking they know better.
Anyway my positions for today
ASX200 5475 bought Monday on open
S&P 2061
NAS 4512.
Just finished Netflix chart, this stock is going for a ride people.
I am shorting todays close. For a trade.
Bigger is not necessary better, remember that.
In regards to mining companies in Australia, most asked question.
Your wasting you time with them.
China will forgo all future contracts or talk, the revenue the government collects will also dry up.
Stay in domestic stocks that produce something.
Pie in the sky stocks will bleed you?
Sure you might get one or two right but the majority you will loose your money.
Keep away from banks also.
We are in a time of consolidation, most tech companies don't seem to realise it, but they will.
APPL watch was a dude and others also, but the Americans investors want to keep evolving thinking people will too.
There is some huge technological advancement out there for the good of all man kind, but it's not allowed to be promoted because government revenue will be lost.
So for now just watch and be humble, there are difficult times ahead.
2.30am Tuesday Rhodes time
Up to see if China continues sliding.
Just when you thought the waters had carm down, Bang comes a 8% decline in China and 3.5% fall in Hong Kong.
As stated previously it's not over people there is another 9 months of this so don't get upset over it.
No matter what the government does this fall has to happen.
Can't live on credit forever, someone has to pay.
This only gets better!
Today I read in a Reuters article that there is UK funds lining up to tap into Asian hedgefunds.
Can't believe the stupidity and arrogance of the western world, thinking they know better.
Anyway my positions for today
ASX200 5475 bought Monday on open
S&P 2061
NAS 4512.
Just finished Netflix chart, this stock is going for a ride people.
I am shorting todays close. For a trade.
Bigger is not necessary better, remember that.
In regards to mining companies in Australia, most asked question.
Your wasting you time with them.
China will forgo all future contracts or talk, the revenue the government collects will also dry up.
Stay in domestic stocks that produce something.
Pie in the sky stocks will bleed you?
Sure you might get one or two right but the majority you will loose your money.
Keep away from banks also.
We are in a time of consolidation, most tech companies don't seem to realise it, but they will.
APPL watch was a dude and others also, but the Americans investors want to keep evolving thinking people will too.
There is some huge technological advancement out there for the good of all man kind, but it's not allowed to be promoted because government revenue will be lost.
So for now just watch and be humble, there are difficult times ahead.
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