Even Buffet is taking his profits in China Stocks
quit recycling sh*t you hear on TV -
Buffet projected china to crash months ago.
There is always a crash when something goes up too fast.Yesterday was a good indicator of how it could go down even on a very flimsy talk.You would not find that kind of drop on MSFT or other stocks that have strong fundamentals.The very fact that this could tank like that shows that there are too many short term speculators playing on this.The best is not to hold on for too long and play with the market movement. you never know when it could tank or Go up, just have to keep your eyes and ears open and have your picks ready.
He sold Petro China and it gone up alot since then.
Did buffet own BIDU. And did he sell? Maybe he went short. He will cover soon. Notice 305 held, strongly. so much for the below 300 crowd.
Heard from CNBC too.