Covestor manager Jesse Barkasy has traded his own accounts for 24 years and has worked as a professional trader for 13 years. He describes himself as a “trend follower and chart reader.” Barkasy manages Covestor’s Trend Following model, which
uses trend following and chart reading techniques. The model will take big risks investing large portions of capital in some situations.
Current top holdings include E Commerce China Dangdang Inc ADR (NYSE: DANG) a holding company with subsidiaries that operate in the business-to-consumer (B2C) space in the People’s Republic of China. The Motley Fool recently discussed DANG’s role in online book sales in China:
It’s also hard to get too excited about e-books in China. It’s a cutthroat business mired in piracy and a lack of leadership on the hardware end. There’s no magical Kindle elixir here.
“Different country, different environment,” E-Commerce China Dangdang.com Chairwoman Peggy Yu explained in a Wall Street Journal interview shortly after her company’s IPO.
Yu should know. Dangdang is China’s leading online retailer of physical books. Her company is doing “preparation work” for its inevitable online push, “aggregating the content from all authors and publishers.” However, Dangdang is in no rush. This is still a market that is in its infancy, and any e-readers that emerge will be quickly counterfeited.
Barkasy recently traded in and out of Giant Interactive Group INC ADR (NYSE: GA), an online game developer and operator in China. The Company focuses on massively multiplayer online (MMO) games that are played through networked game servers, in which a number of players are able to simultaneously connect and interact.
According to Michael Zerinskas, there are bullish option signals on GA:
Overall call volume is now running at 2.12x the daily average, with 58% of all calls traded being purchases on the offer. 1,415 contracts have traded on the session so far.
Hong Kong’s The Standard recently mentioned the high-flying lifestyle of GA’s Chairman, Shi Yuzhu:
An apartment at 39 Conduit Road was purchased recently by a mainland tycoon – Giant Interactive group chairman Shi Yuzhu – at what is believed to be a record-breaking price in Asia.
The luxury 5,636-square-foot flat in Mid- Levels reportedly sold for HK$64,000 per square foot, or HK$360 million – a price most people must find staggering. But mainland billionaires are attracted to these homes for good reasons, one of which, according to an insider, is the privacy offered.
The apartment is accessible only by an elevator reserved exclusively for the occupant. Furthermore, the entrance to the building is well hidden from prying eyes.
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Giant Interactive, one of the most successful mainland online game developers, is listed on the New York Stock Exchange….
Sources:
“Throw This Stock Away” Rick Aristotle Munarriz. The Motley Fool. 4/19. http://www.fool.com/investing/international/2011/04/19/throw-this-stock-away.aspx
“Options Brief: Giant Interactive Group Inc. (GA)” Michael Zerinskas. Benzinga, 4/19. http://www.benzinga.com/options/11/04/1016289/options-brief-giant-interactive-group-inc-ga
“Privacy not cheap in billionaire boltholes” The Standard, 4/21. http://www.thestandard.com.hk/news_detail.asp?we_cat=5&art_id=110357&sid=32086045&con_type=1&d_str=20110421&fc=4
