06-13-2014, 01:12 AM
As for the deals Malpell, they are great.
What's not great and what I have been trying to point out to you all is the way the market will interpret them in light of everything else that is going on.
Essentially the deals have a provenance problem. Mix Western xenophobia with some Chinese inscrutability and the market comes up with the idea that these deals are contrived. That's why the stock sold off.
Try to understand that it is not me not 'appreciating' anything, I've just been round the block a few times, and I get a feel for what the market is going to do. Sometimes I'm right often I am wrong. This time I was right.
They need to deal with market perception.
What's not great and what I have been trying to point out to you all is the way the market will interpret them in light of everything else that is going on.
Essentially the deals have a provenance problem. Mix Western xenophobia with some Chinese inscrutability and the market comes up with the idea that these deals are contrived. That's why the stock sold off.
Try to understand that it is not me not 'appreciating' anything, I've just been round the block a few times, and I get a feel for what the market is going to do. Sometimes I'm right often I am wrong. This time I was right.
They need to deal with market perception.