quote:Originally posted by VinToronto:quote:Originally posted by jburman82:
TicketFirst Growth prices have nothing to do with player salarieswine quality. They are set based on what peoplebuyers in Asia will pay. They are never going to go down in a meaningful way.
Well played sir. However, I respectfully disagree. If my experience working as an M&A attorney in Hong Kong dealing primarily with Chinese companies are any indication, I would never be willing to invest in a business there. Everything is perpetuated on fraud, financials can never be trusted, and the business model is shrouded in a veil of secrecy that makes the Worldcoms and Enrons look downright saintly. This is already coming to pass with Chinese companies listed on the NYSE, and it is just a matter of time before it comes to fruition in Singapore, Hong Kong, etc. When it does, I feel the days of $1200 first growth futures will also be reexamined.