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Investing in 2008: Where's the smart money going?

Posted Jan 1st 2008 4:10PM by Gary Sattler (RSS feed)
Filed under: Forecasts, Products and Services, Google (GOOG), Money and Finance Today,

I read a quote in an article recently which stated, "What Wall Street is about is smart guys thinking about ways to make money from dumb ones." That quote is attributed to one John E. Fitzgibbon, the publisher of an online newsletter, in an article from Eric Dash via The New York Times. While Mr. Fitzgibbon's remark might validate special investing skill on the part of some smart and timely investors, I take exception to the notion that all those investors who lost money in the markets over the past year are the dumb ones.

The question now is, where is the smart money headed?

Continue reading Investing in 2008: Where's the smart money going?

COSCO IPO slated for June 26

Posted Jun 21st 2007 5:15PM by Gary Sattler (RSS feed)
Filed under: International Markets, Industry, China, Initial Public Offerings

China Venture News reports that China's state-owned shipping firm, COSCO, is initiating an IPO of 1.78 billion shares which is scheduled for the Shanghai Stock Exchange on June 26. The report states that sales of shares online began June 18, 2007. The report further states that price per share should be starting between "7.60 yuan and 8.48 yuan per share." According to the report, "Analysts expect the price to go to 15 yuan a share early in trading."

Cosco plans on using the money raised for renwewing and/or increasing its shipping fleet and has also earmarked the funds for expanding port facilities. Cosco is currently China's single largest state owned shipping operation.