Added CRRC Hong Kong stock, Mu & Oil thoughts

Added CRRC , a Defensive and Growth play. In a looming tariff environment, if it happens, China will boost domestic spending by a huge amount.


Micron has been hit by a ban from China, caught in the cross-fire tensions b/w China and US.
I have stopped buying MU (even though it is undervalued) and NXPI as I think that TrXXX being the dictator and spoilt brXX is going to make life tough for China for some time, and probably they are better opportunities in Oil, which is in a cycle 1 year later than the semi-con run up.


Trump tweets have been going on to pressure OPEC pumping more oil to lower prices. Although we will be seeing a even undersupply as we approach later in the year, it is affecting sentiments now. Secondly, the trade war is also affecting demand. I think this will clear up in next 1-2 months which will again boost market, as well as oil.

OPEC June Meeting and Trump asking SA to increase Oil Production

This is game theory 101. Basically it is Trump telling SA, if you increase oil productions by 1.5 M, we will sanctions Iran. And so SA played this game with Trump. After OPEC meeting, the market is calling the bluff of OPEC. It is like Poker, where SA is saying OPEC is increasing production substantially , but it is likely production increase will be very little , and will not be sufficient to offset disruption going on everywhere from Venezuala, Libya, Angola, Nigeria and with Iran looming.


Your salary and your team salary is too high. - Trump


Yes boss, we will work more by 10% and ask everyone to cut our salary by 10% - OPEC.


I really read with amusement when many analyst articles state stupid comments about what is going on - that SA is heeding Trump's call to increase production and trying to bring down oil prices.


Call their bluff. We will see $90 oil by end this year and spike $130 oil next year if Iran sanctions begins.