Why XIN is strong today? Because there are two good news today.
1. China housing is cooling --- this is the best news by far since it suggests that Gov. will not impose more restrictive policies on housing market.
2. Analysts start to recommend sell China home builder stocks on Hong Kong market given they outperform the overall market in 2012 by 19%. Since analysts are always wrong, so you get another good news for XIN.
Put 1 and 2 togather, so XIN is strong today.
Most my XIN profits are becoming long term capital gains as each day goes by. I am alway happy to book long term capital gain, not mention the risk the 15% long term capital gain tax rate will disappear by year end.
Don't think you can make money from XIN through short term trading (or any other stocks). You just can't. You will lose more and more as you keep trying that. If you really like short term trading, go play ETFs like SPY, GLD, and so on.
I think the first reason you listed is the single most wonderful news for Chinese developer stocks. Chinese developer sector in mainland performed very well. I suspect the news will have a long-term impact on developer stocks though. Last month, the cooling of the RE price is caused by the government threat. When Chinese GDP growth rebound in the 4th quarter, the price pressure will start to kick in again. Gee, as a Chinese, I hate to see GDP growth rebound and RE price rebound happen at the same time, but they will.
Then you shouldn't be disappointed GV because I don't see a GDP rebound in the 4th q. Being
from China?, you would know that China's current leaders are not going to go out without saying
'we did a wonderful job' 'everything is under control', 'our measures worked and the economy has
stabalized etc', and if housing prices cool, it's seasonal imo.