Stock Thoughts

I've read a article written by a blogger who is a banker.
His blog is very interesting and useful, so I recommend u to read it if u understand Chinese :)

Here lists his ideas about Chinese stocks in 2007.

Industry is more important than company.
If u a VC, choosing industry is more important than companies.
In a new industry, there are less competition than in traditional one.
But, if u buy stocks, excellent company maybe a better choice for u.

I only earn what I can earn.
The stock price rose to 16.8 yuan from 6yuan when I sold it.
The price maybe up continuously, but P/E ratio has worried me a little.
I hold that the P/E upon the reasonable level is dangerous.

I will decide partly on the professional advice and analysis.
Firstly, I am busy with my work with less time and energy on the stocks.
Secondly, the stocks analysis and reports conducted by the professions is informative.