Steve Sjuggerud’s 292-C shares teaser (China Opportunities)Does anybody have any ideas on the new teaser from Stansberry: Top Tech Giants Spawn Limited Time 2nd Chance to Get Rich with ”292-C” Shares ?
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They are opening a “new” newsletter for China investments; they feel that the Chinese market is cheap, hated, and in an uptrend so now may be the time to invest. They claim to have 19 stock picks already if you invest in the new newsletter; all for the discounted price of only $1500….. Little high for something is not proven yet…IMHO
what was the stock they gave away for free?I couldn’t stay on the line that long. Was almost an hour :/
They mentioned tencent holdings – which I already own – as the free stock recommendation.
Tencent is the fastest growing stock and should continue to grow and have the largest stock capitalization in the world over the next few years.
And I sold my Tencent shares many years ago after what seemed a lovely run of a couple hundred percent or so. Arg, another one that “got away!”
Perhaps you played it perfectly Travis, according to the definition…
When an ‘endless’ Stansberry video presentation starts, try to close the browser-tab, then a pop-up window asks you to stay, and you say yes. Then the extremely annoying video presentation is ‘transformed’ into a transcript!
good tip. I have subscribed to suggerudes/ stansberry cheap letter ” true Wealth” for $ 79 year and I get good ideas from suggerude. Porter Stansberry has been WRONG for at least 10 years. jeff clark is a decent technician and finds extremes to make money on, but like many technicians can get stubborn people stuck! Dan ferris has staked his career on a recommendation in Extreme Value – he has been long CCJ for two years. I never hear apologies, just more promo’s
Is Tencent a Chinese stock? I sat through most of it, but didn’t get so far as hearing the free recommendation. Finally gave up and went straight to see how much the other 19 would cost. Nearly choked on the $1500. If that was a drop in the bucket for me, I might seriously consider it. But as it is, it’s no drop in the bucket.
Yes, largest tech company in China, primary listing in Hong Kong.
Yes they are Chinese. Their big app is WeChat. Every time I go to China, I have to us for messaging and calls. Can also pay through it. Literally 800 M! people use. I have started making it a habit of trying to see what people are doing on through phones there and they also are in WeChat. The thing is huge. The question is does the price already reflect this market. WeChat is not used outside China. At least beyond Taiwan. I basically kill the App when I fly out China. Any growth they will see has to come from outside of China, IMO.
Huawei is another you will see making the news, but they are privately held.
The thing about China and these Chinese company’s are their numbers. They are absolutely huge. I did some research between Alibaba and Amazon. Globally, Amazon has about 1.3B orders per year. Alibaba has 12.1B, just in China. JD.Com is not as big, but is still bigger than Amazon.
The investment market is China is anything around mobile devices. I have not seen any real usage around Tablets. I see small businesses (there are lots of them) using laptops, but my opinion is this because a mobile app is not yet available ti support this. Or TenCent has not yet built one:-)
Thanks JohnT – WeChat is available globally. I live in US and use it to communicate to friends, mainly in AU and Asia.
BZUN np – may be worth a look…the Amazon of China?
Unlike most of you, I only caught the tail end of the presentation.
From the presentation, what is the distinction between purchasing the regularly listed equity/stock for, let’s say, Tencent, vs what the presenters were calling “C-209” shares that, supposedly, often see 10x the return of the regular common stock shares?
I see the distinction between a listed stock and a 292 stock (they added the C) is 292 stock hopes to become a listed stock. In China, there are many companies growing big time not listed on an exchange, 292 prepares them to become listed. IMHO
Steve paints a glowing picture of China. But according to Marin Katusa, China has greatly increased its money supply, causing a real estate bubble. Sooner or later bubbles pop. What will happen to the prices of these undervalued Chinese stocks when the bubble pops? I suspect their prices will go down; am I wrong? Also China’s economy doesn’t sound good according to the following article: http://realcrash2016.com/chinese-economic-miracle/?code=478100
I remain cautious.
Marc Faber also earns for bubbles in China. See his blog.
how do we buy tencent? I couldn’t find any US market it’s listed on.
$TCEHY Tencent Holdings Ltd or
TCTZF not as liquid. Best2You ~ Ben
Isn’t there supposed to be another way to buy the company (like a “C-share”) instead of the regular $TCEHY / TCTZF? Tencent has had a pretty nice run and has a PE 50 at the moment. From what I could understand the benefit of purchasing these so-called 292-C shares was that they would be somewhat “delayed” compared to the regular stock.
There is no clear description of what a “292-C share” is and its distinction from any other share. No definition ground via Google either. Sounds like gambling in the wild Wild West – or Las Vegas. And I agree – a “non-refundable” one time fee of $1500 PLUS $49/ month thereafter for a product with no success history seemed pretty pricey. They don’t expect a lot of takers – and probably won’t get them either.
I too am intrigued by these 292-C share equivalents. It does not make sense that a class of shares like this regarding Chinese stocks cannot be found anywhere on the internet? I also think Stansberry was careful to say these were “equivalent ” shares – not really a 292-C.. what’s that?? It doesn’t cost anything to call the company and get some clarification.
In the presentation, Steve mentioned that “292” refers to some kind of classification, or law that was passed in China itself. The “C” is Steve’s classification for China; henceforth, “292-C” shares. I think it was only mentioned once during the whole live presentation. If you Google 292-C shares, you won’t find it because it isn’t an official listing of any kind; rather, just made up by Steve. You can listen, or read the presentation again, and I think it’s mentioned in the re-run. (If you do what Henrik R. says: close the browser tab, a pop-up will ask if you want to leave page. Hit ‘stay on page’: you can read the presentation.)
The stocks that I have bought from my Stansberry Newsletter subs. has shown a loss. Why does he keep trying to sell us other subc to buy other stocks that will make us gobs of money. He has been paid to do this already. When do we ever make any money on his newsletter stock.
So what’s the 292-C part? My original guess was that it involved warrants or something similar, given the higher leverage being claimed.
anybody telling you that they have “an amazing investment opportunity” that “99% of Americans have never heard of” and all you have to do is “jump through a few hoops to buy them” and “oh, yeah these are tech companies in China” who are “protected by the Chinese government who have all but wiped out their competition…” is full of sh!t. Everything about this presentation screams “get rich quick fraud” and I would most certainly stay very, very far away from anything these fools recommend. Remember, this is the same group that has been predicting the US double-dip recession each year since 2009… maybe this year, right?
Unfortunately, the moderator doesn’t like anyone calling this what it is, “bullsh!t” Need anymore reasons to stay away from this? You shouldn’t.
Ask the moderator to stop deleting true statements from the comment section, they won’t.
for added effect: the paid-advertisement at the top of the page is warning of an 80% drop in the DJIA… THIS YEAR! Keep asking yourself, “why should I even be here (on this page)?”
Hi
Steve Sjuggerud certainly knows how to spend an enormous amount of words on something…!
The transcript of this video presentation is probably about 40 A4 pages long! But the most important part is probably the following:
” To be clear, I’m working with information that is all publicly available. But few people have the connections to figure it out as I have… and even fewer know how to connect the dots to fully understand what’s happening.
And here’s one of the most important things I learned that I haven’t told you about yet…
One of the big reasons why these “292-C” companies are destined for success is actually very simple.
The Chinese government has essentially wiped out their competition.
Remember, Facebook is forbidden in China…
Google is forbidden in China…
And dozens of websites that you and I use every day are completely inaccessible within mainland China because of something called the “Great Firewall”.
Back in September of 2002, China passed “State Council Order No. 292” which began restricting what internet content providers could distribute in China.
Because of this statue, I couldn’t read the New York Times while I was traveling… or check stock prices with my Bloomberg account.
And it’s this “292” policy that gave us the opportunity we have today. That’s why I call these “292-C” shares. The “C” stands for China, of course.
Essentially, China has created an impenetrable safe haven for their new tech giants, and they are growing at just incredible rates.
Think about it…
How could you not be successful if you were building the first social network in the world’s largest country and you had Facebook’s playbook to work with?
You see, China is able to take the best and most successful ideas in America and re-launch them (competition free) in their home market of 1.3 billion people. ”
Best regards,
Henrik R.
Henrik, thanks for that explanation of 292-C. Now we can do the same research and make money, not pay them $1500+
Thanks
Henrik, it looks to me that BABA and the stocks you can trade outside of HK, have be devalued, perhaps changed from the yen to dollars. Yahoo finance shows BABA 2016 qtrs are down 70% in rev and EPS dropping 80%. Sept Qtr in 2017 will be the first qtr comparing dollars to dollars, the you’ll be able to growth or decline. Seems like these stocks will rise as we approach 3rd qtr earnings for BABA What do u think?
I subscribed to one of Stansberry’s introductory newsletters a year ago, and have been swamped every day with overpriced offers pitched through hour-long videos that don’t tell you anything until the end. Yes, you can usually cancel out of the video to see the transcript . Then experience the shock at finding out how much they overcharge for their information. Wish I would have discovered stockgumshoe before I paid for a subscription 🙁
Istopped following Stansberry and Sjuggerud as time is money too and Oh boy what a time consuming business it is to listen to thoses endless video’s…and in the end?…All they want is your 1500…
China is both a major market that will continue to evolve and a systemic mess with more debt, bad loans and rigged systems than can be fixed smoothly. So making money on growth of businesses is possible but the context is very fragile, notwithstanding the command/control capabilities of the present government.
China, unlike most developed countries, does not have a true market economy. You have to follow a different logic. Happy investigating!
I would beware of anything offered by anyone associated with Stansberry. In my younger (more naive) days I tried a couple of their products including their flagship “Alpha” service. Nothing I saw from Stansberry came close to the hype used to make the sale. Most of their recommendations (at least the ones I saw before getting out) lost value. I’m not quite sure how they stay in business. I think it’s by selling subscriptions at up to $5000 a pop. It’s sure not from trading their own recommendations. They rank up there (or down there) with Money Map Press and Agora financial. They sell very high priced newsletters that typically under perform.
What seems to be a new trend among these folks is “no refunds.” I believe the reason for this is precisely because their products typically don’t perform as advertised and most subscribers likely end up requesting their money back. Stansberry, up until recently, required a 10% “tire-kickers” fee for refund requests but I guess even that wasn’t enough to retain customers so now… once they have your money, you’re in it for the duration. You have no options (no pun intended).
If you’re reading this, you are already in one of the very best financial/investment/trading forums on the internet. The Gumshoe rocks!!!
Marc Faber (who lives in Asia) also warns for the burst of bubble China
I’m a big believer in understanding WORDS…so I googled ‘292-C’ and for a simple start and explanation it is a stock that (for maximum gain) has a sweet spot of holding for a year but not too much longer…