BitShares Forum

Main => General Discussion => Topic started by: luckybit on July 04, 2015, 05:57:08 pm

Title: Chinese stock market being pump and dumped by sophisticated professionals?
Post by: luckybit on July 04, 2015, 05:57:08 pm

http://www.abc.net.au/news/2015-07-03/panic-on-chinas-share-market-as-stocks-lose-3-7-trillion/6594316

http://abcnews.go.com/International/wireStory/china-create-19b-fund-support-plunging-stock-market-32222600
3.7 trillion dollars?  Can someone from China please comment on this and let us know if it might impact our markets? Particularly Bitshares?

Quote

For months, state-owned media had encouraged ordinary Chinese to load up on shares. Many Chinese individual investors borrowed heavily to buy stocks — taking out so-called margin loans. And the rising stock prices encouraged companies to raise money by issuing shares and to use the proceeds to pay down debt.

Can anyone call the bottom to this?

Title: Re: Chinese stock market being pump and dumped by sophisticated professionals?
Post by: luckybit on July 04, 2015, 06:00:30 pm

Quote

The reality, however, is most investors are in the red – in fact, it is likely no money has been made during this equity boom whatsoever. The reason is because peak inflows occurred just before the recent selloff; money lost by latecomers is greater than gains made by earlier investors.”

Title: Re: Chinese stock market being pump and dumped by sophisticated professionals?
Post by: Buck Fankers on July 04, 2015, 06:00:45 pm

(https://40.media.tumblr.com/c1ab3a711741fc8e1eafaf916e813c24/tumblr_nqz3aoCkYo1rtef2wo1_400.png)
Stock Market 101 (Chinese Edition)

Title: Re: Chinese stock market being pump and dumped by sophisticated professionals?
Post by: cylonmaker2053 on July 05, 2015, 03:19:15 pm

Quote from: Buck Fankers on July 04, 2015, 06:00:45 pm

(https://40.media.tumblr.com/c1ab3a711741fc8e1eafaf916e813c24/tumblr_nqz3aoCkYo1rtef2wo1_400.png)
Stock Market 101 (Chinese Edition)

haha so true!