Many of these China-bashers don't really invest any money. They just like to talk out of their rear ends.
I've been regularly reading articles on China since 1967. The China-bashers have been disparaging China for about 40 years.
There are 12 hours left.
If you assume a rate of $300M per hr, then the final number will be $3.6B + $5.4B = $9B.
If you assume a rate of $500M per hr, then the final number will be $6B + $5.4B = $11.4B
According to the Business Wire article last Friday, periodic updates of Singles Day sales will be posted on Alibaba Grp's IR website.
I'm a newbie here. I got in today at $49.77.
I had never paid any attention to SKX until I bought a pair of Skechers shoes several months ago.
I liked the shoes so much that I decided to buy SKS stock if it ever got below $50.
I've been long NQ since Oct. 2011.
Over the past three years, I've seen this happen many, many times.
This time I was expecting a selloff, so I sold some at 9.60 early this morning.
Here are more details on the revised coal tax:
The new tax will be calculated on the basis of prices, rather than production volumes, a method that has saddled many bigger producers with large tax bills even as prices have fallen. The exact rates will be determined on a region-by-region basis, the notice said, without giving further details.
The tax rate is expected to vary between 2 and 10 percent depending on the region, according to media reports last year.
Sentiment: Strong Buy
I have a question on the HKSE-Shanghai connection. I can't find the answer in the articles that I've read.
The connection will enable Chinese investors to buy any stock listed on the HKSE.
But Alibaba is a NYSE-listed stock. Is Alibaba dual-listed on the HKSE?
Firstoff, I've been long SYMX for many years.
I posted the article because I wanted to find out whether the article is correct in saying that it's cheaper to produce methanol from natgas.
I hope that SYMX's process is cheaper than any other technology. But , then why do they want to build these plants in the US if they can't make it cheaper from natgas?
Whether or not they can overcome environmental opposition is a good question. Imo, it depends on whether the natgas producers have enough political influence.
A scientist said that the export to China of US-produced methanol would kill China's coal-to-methanol industry.
Is this a likely outcome?
The plant to be built by Connell Group of China would be built either in Texas or Louisiana – no decision yet on the location – and would be the world’s largest methanol plant, even if only half of it gets built.
The first of two units would be 3.6m tonnes/year, which is almost twice as large as the current world record-holder for methanol capacity, the 1.9m tonne/year M5000 plant in Trinidad. And Connell wants to start on another plant that size after the first one is built. The two units combined would make more methanol than current US demand, which is roughly 6-6.5m tonnes/year.
Yang said the mega-mega plants that would make methanol in the US for export to China seem logical, but the movement would have a downside for China.
“It probably will kill their coal-to-methanol industry, but that will take some time,” Yang said.
I try to avoid Airlines stocks. They are too dependent on oil prices.
Oil prices can be affected by political issues.
I have the same views. I also own BABA and GILD, and I refuse to buy the overpriced GPRO.
Sentiment: Strong Buy
Speaking of BIDU, it seems that they also have big ambitions.
BIDU hired away a high exec from Microsoft, and they hired away a scientist from Google who was head of the Google Brain artificial intelligence project.
Many of my Chinese stocks are up in the after hours, including beaten-down smallcaps such as CREG, SCOK and NQ. Perhaps one or more institutional buyers are stepping up.
Tomorrow could be an interesting day.
IMO, most of these bashers are politically motivated and simply hate the country of China.
They don't seem to know much about the company Alibaba itself.
Some of them also attack Wall St, capitalism and investment banks.
This seems to reveal a liberal-left ideology.