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catoismymotor (72.81)

Today chance met with a prepared mind to create *luck.*

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November 18, 2009 – Comments (6) | RELATED TICKERS: CGA , FEED , CNIT

The first week of this month I sold CPBY, FEED and CSR. Yes, all three are companies from China. I decided it was time to sell because I believe the Chinese markets are due for a correction and that as small caps they might have exhausted themselves. That left me one Chinese company, CGA. I’ve had my eye on them and thought it a good candidate for further investment. I decided to take a portion of the money from the sale of the previously mentioned three and double my position in CGA. That was the first time I have taken such a bold action. Man, am I glad I did it. As I type this CGA jumped 20.12% for the day for a gain of 38% for the last four weeks! I know that many of you have gone through this kind of thing before but it is still pretty new for me so pardon the dance in the in zone.

 

I thank my fellow Fools for all the advice, guidance and good humor that makes investing fun and profitable.

6 Comments – Post Your Own

#1) On November 18, 2009 at 4:27 PM, ChrisGraley (31.45) wrote:

Nice!

congrats cato!

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#2) On November 18, 2009 at 4:28 PM, catoismymotor (72.81) wrote:

Correction: I sold CPBY, CSR and FEED the last week of October. I was just reminded when I checked my account statement. By bad. :)

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#3) On November 18, 2009 at 5:13 PM, kdakota630 (31.51) wrote:

Nice going, Cato.

If you're selling your Chinese stocks (with that one exception), does that mean you're planning to stay more in cash? 

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#4) On November 18, 2009 at 6:08 PM, chk999 (99.98) wrote:

Nice trade.

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#5) On November 18, 2009 at 7:27 PM, catoismymotor (72.81) wrote:

kdakota,

I am planning to stay more in cash. I have about 30% of the funds from selling CSR, FEED and CPBY set aside. I think I'll just let the money rest for a few months just to see if the market does drop. Additionally I will hold back on making any purchases between now and the first of the year and add what would normally be DCA  money to the war chest. I used the remaining money from the sale to add FFH to my holdings. I know they are not exactly cheap right now but decided to go for it anyway because I consider them to be a LTBH.

Cato

 

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#6) On November 18, 2009 at 7:32 PM, catoismymotor (72.81) wrote:

It closed up 26%?! I smell a bout of profit taking around the corner.

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