A Lot of Chinese Stocks Have Shot Up, 2828 HK May Have Found It's Bottom

I've been holding on to real estate developer Poly Property and apparel maker Xtep for sometime. Poly shot up from 4 to 4.7 within weeks. Xtep from 3.10 to 3.98 (that's almost 30%!!) within two weeks! 2828 HK looks like it's forming a bottom.

I've repeatedly said that Chinese equities, with the exception of Russia, is the cheapest major market in the world. It's just going through a slowdown. But once it turns around, it will be very powerful because of the low base effect!

Watch out for 2823 HK. It is trying to break the trend. Once it does, it will be very powerful too because its valuation is at record lows.