Posted by: jhamon | September 25, 2009

MysteryHedgie Works A Chinese Puzzle

 

I am sitting in a new office surrounded by seas of boxes.  But MysteryHedgie has been hard at work on the Right Coast, solving a Chinese puzzle…

Here’s his latest:

China… as global equity markets have made new highs in September, China lags noticeably, see below.  Connecting the dots between GAME (Shanda) trading below today’s IPO price (Citi reiterates a sell recommendation, true Wall Street!) weakness in highfliers like BIDU and GAME’s lead managers, GS and JPM,  and the strengthening Yen, now below 90 ¥/$…..We expect the  discomfort of the past 3 days since Wednesday’s post-Fed  asset  market reversals to continue next week and refocus on Chinese shares.  FXI as a hedging vehicle seems sensible, especially given that option prices remain near their lows.  

SHASHR Tests Support

SHASHR Tests Support

Subscribe to Outside The Box by email.

Advertisements

Responses

  1. […] MysteryHedgie Works A Chinese Puzzle « Outside The Box fractalbox.wordpress.com/2009/09/25/ – view page – cached I am sitting in a new office surrounded by seas of boxes. But MysteryHedgie has been hard at work on the Right Coast, solving a Chinese puzzle… — From the page […]


Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

Categories

%d bloggers like this: