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Chinese IPO 826 Times Oversubscribed
Reuters reports (reporting by Hong Kong and Singapore newsrooms),
Shandong Shihua Shenghua Group Co Ltd says online part of Shanghai IPO attracted interest amounting to 825.91 times amount on offer.
This will end well... we are sure.
Remember when Dubai "peaked"...
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You know, hanging around this place for a few years has so seriously warped my thinking that I don't recognize myself anymore.
I’m sorry but I don’t see the great long term planning that is supposed to be inherent in Chinese society I’m always hearing about on alternative media that is going to rollover the US in the upcoming monetary shift.
My "Shandong" would be oversubscribed too if I IPO'd it.
*Scratches head.* Sum Ting Wong....
Sure
I'll start shorting China when my IBB short starts working
CYNK-ed
Manifestation of classic Chinese herding [world's biggest lemming nation] mentality. Here's the paradox: the ChiCom hierarchy knows this. Numerous times since Deng have they used their vast reserves to bail out the transgressors. But each time is bigger than the previous one.
Winston Churchill: "Dictators ride to and fro on tigers they dare not dismount. And the tigers are getting hungry."
But it's shiny!!!
Trash is often shiny too....
Nonsense, this is a genuine chrome plated dog turd and made in America.....
Hehe well... welcome to china!
your "eyes have been opened"; now take some time off (min. 3 days in a natural setting)...everything will be all right.
3 days is a lifetime in todays nano world ... it will be a different world to know again by that time
I thought the 8 was a B until I put my readers on...
Looks legit to me.
China A50 index up 10% in the last two days to new ATH high was 10047 9th March now 14691...6910 Oct 27th
But...but... but....the oil price went down 60%...and EUR went down over 30-40% as did AUD and CAD by 30%......but the Dubai market is still holding it there.
Above 4,500 (after doubling in 2-3 years) was indeed euphoria and NO ONE knew until 6 Oct 2014 that oil price would decline so dramatically from USD 90 on that day to USD 45, 2 months later. Previously it went almost to USD 110 in mid 2014.
Still, Dubai has held up quite well unlike shale oil guys in Calgary, Texas, North Dakota, Australia, Nigeria who are at the verge of a collapse.
Thousands have lost jobs from UK North Sea to Norway's wells while Middle East has expanded their oil sector at the same time and added more quantity to the world's oil markets and invested more $$ too.
Last time Bitcoin went to $1200 it was also because of Chinese buying.
And crash to current price also because of Chinese banned from buying.
At 800x oversubscribed it does not show how overvalued things are.
Rather it shows the Chinese buying power is 800x beyond what is being offered.
All of these bubbles, all around the world, if you trace them back to their origin, it's the Eccles Bldg and the infinite reserve currency machine
"interest amounting to 825.91 times amount"
That just means it's a really REALLY good stock!
I wonder if ZH is banned in China?
...
I s this Shangdong company a subsidiary of "Longer Dong Impotence Formula" corp?
Bubbles, bubbles, bubbles, say it aint so.
Central banksters love to blow bubbles. Always denying we are in one.
Ever larger bubbles.