Friday, July 17, 2009

Margin

Wow. Heng Seng bank charging customers 0.5% for purchasing the latest
IPO in Hong Kong. It's from a company called BBMG from Beijing,
China. Take a look here: https://www.eipo.com.hk/ipo.aspx

This week, the HK index has gone up 1,000 points. Rumour has it that
the big investors are trying to push the market up to 20,000 points.
Today's close is 18,805. Between last week and this week, the graph
is a sharp V. Scary.

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