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1ClassyLady 68F
3120 posts
7/11/2021 12:53 pm
Cramer rips Chinese stocks, ‘studiously’

Jim Cramer made it clear that he is no fan of Chinese stocks. The “ Mad Money ” host urged investors to avoid Chinese equity between the country’s dubious accounting practices and brewing geopolitical tensions between Washington and Beijing. That combination, Cramer said, makes it very risky to own equity in a Chinese company.

Cramer wants investors to avoid not only DIDI 滴滴出行 stock, but Chinese initial public offerings (IPOs) generally. That might sound like a radial proposal. After all, why should all China-based IPOs be considered problematic?

Perhaps we can modify Cramer’s broad-based suggestion. Personally, I would view the pop-and-drop of DIDI stock as a lesson in what can happen to hyped-up IPO stocks — Chinese or otherwise.
I personally don't trust Chinese government and its stocks ever since 2010. I was investing long on Google and shorting Baidu stocks. Google search engine is honest and transparency and correct about all the news and facts. CCP didn't want their people to know the true news and prefer the CCP controlled Baidu search engine. CCP kicked out Google from China. I had double losses in both stocks. I forever avoid to watch Chinese stocks. I only invested U.S. stocks and Taiwanese stocks ever since 2010. I don't care about Chinese stocks up or down and focused on American and Taiwanese stocks. I became rich. Investing the stocks I know and trust the companies I own.

For example: Chinese stocks "Luckin Coffee" 瑞幸咖啡a Chinese coffee company and coffeehouse chain. It was founded in Beijing in 2017. As of January 2020, it managed 4,507 kiosks and exceeded the number of Starbucks stores in China. Most of its stores are small "pick-up" locations in office buildings or college campuses that serve for online orders' pickup and delivery.

In April 2020, the company revealed that it had inflated its 2019 sales revenue by up to US$310 million. It resulted in the stock price crashing and several executives being fired. Trading was suspended and the company was delisted from NASDAQ on 29 June 2020. The company filed for Chapter 15 bankruptcy in the US in February 2021. Liar, liar pants on fire, fake news, fake earning report to push its stock to high and then crashed from heaven. The stock had been delisted. Investors lost their m*ney.

There was a gold metal company in China and IPO in USA. Then it reported fake earning and push its stock to high and then people found out the gold is only on surface layer, not the whole gold. Immediately its stock crashed. Investors lost their m*ney.

I don't care about Chinese online stock, Alibaba, I invested and trust U.S. giant online retailer Amazon and gained lots of m*ney. I also invested on Apple, Google, Microsoft, JP Morgan Chase Bank, .... I also invested in Taiwanese stocks Nvidia, Taiwan Semiconductor and Advanced Micro Devices. Because I trust Taiwanese-American CEO honest and educated and graduated from MIT (Massachusetts Institute of Technology). I was born and raised in Taiwan, I trust those 3 semiconductor CEO's. Taiwan Semiconductor is the one and only company that can make the smallest and fastest chips (3 nano-meter) chips in the world.

Photo inserted: Jim Cramer, a successful investor and host of "Mad Money" TV show daily. He was graduated from Harvard University.

DIDI 滴滴出行, Alibaba 阿里巴巴, and Baidu 百 度 charts

Honesty is the best policy.

1ClassyLady 68F
3289 posts
8/1/2021 1:27 pm

I fully recommended U.S. trillion market cap companies, i.e. Apple, Inc. (recent new all-time high is $150), Google (recent new all-time high is $2,765.94), Amazon (recent all-time high is 3,773.07, Microsoft (recent all-time high is $290.15), and Facebook (recent all-time high is $377.55). While many Chinese stocks are going down, down, down. Don't waste your investment on Chinese stocks.

I have a retired bank CEO/Chairman friend for 15 yrs and 2 months. He owns Apple stock at average price of $14 - 15 a share for 4,000+ shares. He bought Apple stock before its stock split 7 for 1 and stock split 4 for 1 stock. His $15 per share Apple becomes $150 (10 times for 4,000+ shares) and he also made lots of dividends from Apple. He is a "buy and holder", once he bought, he doesn't sell. He bought Google at $500, then Google split from GOOGL and GOOG. So, his price is $250, now Google is $2,765.94. Another stock he has more than 10 times profits. He is born and raised Caucasian American and only invests on U.S. stocks. He owns the stocks that are trillion USD market cap.

My advice is buy trillion market cap stocks, Apple, Amazon, Google, Microsoft, Facebook, and JP Morgan Chase bank, on the panic selling days. First bought a little shares and gradually add more shares. I am very lucky to know a several ten million banker CEO. He gave me many financial advice that made me millionaire too. Focus on the winner stocks big companies, buy and hold. Have confidence on those big companies' CEO's, trust U.S. government.

I am a Taiwanese-American since 1980 (41 yrs in USA). I also invested 3 Taiwanese-American CEO's companies, i.e. Taiwanese Semiconductor, Nvidia, and Advanced Micro Devices. If you check these 3 companies CEO's, they all graduated from MIT (Massachusetts Institute of Technology), born and raised in Taiwan MIT (Made in Taiwan). You check TSM, the only semiconductor company which can make 3 nano meter chips in the world. Year-high (all-time high is $142.95). I have taken lots of profits of Nvidia after CEO announced stock split 4 for 1. I have sold all my holding and waiting for next opportunity to buy back. As of AMD, its stock reached all-time high of $106.97. I sold only 5 shares for profits on Friday, July 30.

BTW, I am holding Tesla stock because I believe in Elon Musk. I am driving a Tesla car and Elon Musk is a 3 companies CEO's, i.e. SpaceX, Tesla Motor, and a solar panel company. I believe Tesla stock will be $1,000 a share in the future.

Honesty is the best policy.

1ClassyLady 68F
3289 posts
7/27/2021 12:41 am

Do not invest your m*ney in Chinese stocks.

DIDI 滴滴出行 ipo in USA on June 30 from $16.90 dropped to today lowest price of $7.16. Cut more than half.

Alibaba plummeted from $319.32 to today's lowest of $190.88.

Baidu 百 度 dropped from $354.82 to today's $162.05 (cut in half)

While U.S. stock indexes at all-time high today. Many stocks I recommended such as Apple, Inc., Amazon, Google, Microsoft, Cisco, Adobe, ASML Morgan Stanley, at all-time high. I like Elon Musk's diligent spirit, so I have Tesla stock. Its price at doldrums now but I have confidence on Elon Musk.

Although Taiwan Semiconductor reported a not good earning so trading side way. You can buy a little shares to start and add more shares at low. You need to have patience, TSM will soar in the future. Advance Micro Device and Nvidia are in good profits.

If you invest in stocks, you need to concentrate on big USA and Taiwan companies. Don't waste your investments on Chinese stocks.

Honesty is the best policy.

1ClassyLady 68F
3289 posts
7/19/2021 12:02 am

The biggest difference between Democracy and Communist is people vote for their leader of the country, but communist only has one political party and the party decided who will be the leader. So, communist leader became dictator, tyranny and totalitarian. It is sad CCP told those Proletarian 無產階級的勞工 to k*ll the land owners, the intelligent professors, teachers, ... to get the fortune from them. Mao encouraged people to rob, to k*ll, and then CCP took over from those ignorant proletarians.

If you heard what Xi's speech on July 1st, he said "if foreigner countries tried to invade China, the 1.4 billion Chinese people will use their blo*d and bodies to build a wall (to protect Xi) and the foreigners will be bleeding to death". In other words, Xi wants to sacrifice 1.4 billion Chinese people's lives for him. It's obvious that Xi has FEAR from bombing. He uses the Nationalism 民族主義and chauvinism 盲目的愛國者 and loyal to him. Xi knows that USA or any EU soldiers won't k*ll the armless 無武器的 and innocent people. However, USA has smart bomb and smart drone to target the certain place and people on Iranian general's car and military buildings. The USA won't k*ll Chinese people.

Honesty is the best policy.

1ClassyLady 68F
3289 posts
7/12/2021 11:40 pm

There are thtee topics below:

Most Americans Support Tough Stance Toward China on Human Rights, Economic Issues.

Nearly 90% in U.S. see China as 'competitor' or 'enemy,' survey finds.

New High in Perceptions of China as U.S.'s Greatest Enemy.

Honesty is the best policy.

1ClassyLady 68F
3289 posts
7/11/2021 8:51 pm

Although MIT stands for Massachusetts Institute of Technology 麻省理工學院 an Ivy League university. However, in Taiwan, we call MIT as "Made in Taiwan". Just so you know.

Honesty is the best policy.

1ClassyLady 68F
3289 posts
7/11/2021 1:47 pm

As I heard from news, CCP verbally agreed DIDI 滴滴出行 to IPO in USA on July 4th that after the celebration of CCP established 100 years. However, DIDI went on the USA market to initial offer on June 30th which is one day before CCP celebration on July 1st. CCP got mad at DIDI 滴滴出行 that violated one day before national celebration. CCP said DIDI might release the customer's personal information, such as name, address, and destination. DIDI replied those information only keeps in China, not go on USA. CCP wants DIDI delisted from U.S. stock market regardless. It is only 3 days after DIDI initial public offer day. DIDI stock price crashed below its IPO price of $14 to $11 per share.

I don't invest any Chinese stock what-so-ever.

Honesty is the best policy.

1ClassyLady 68F
3289 posts
7/11/2021 1:22 pm

I have educated from Taiwan and USA universities. I am bilingual in Mandarin and English. So, I trust the companies from both countries.

Honesty is the best policy.