Monday, July 12, 2010

Back in business

Holiday went and our Dutch team couldn't win the FIFA World Cup. After losing in 1974 and 1978 also the year 2010 was not succesful. Of course they were in the Soccer Final but the rough play on both sides didn't have anything to do with soccer and with a beautiful and worthly final. Some players behaved like Karate Kid.

The stock markets recovered but a lot of Chinese stocks got beaten up again. In general the Chinese major markets rebounded but in the OTC space a lot of (naked) short sellers take stocks to depressed levels. Unbelievable what is happening. Allegations of fraud that seem not to be true take over the reasoning. Sentiment is negative but gives a lot of room for attractive valuations. As a contrarian value investor the coming weeks are crucial for stock picking.

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