JB wrote about 1 million posts telling us that Xin would go to 6. Now it turns out he has has sold most of his position between 3.30 and 3.40. He provides almost no explanation for this action. Apparently he just got afraid when the news came out about a slowdown in earnings growth. Guess what JB a stock that sells for 2x earnings doesn't need a whole lot of growth. The fact is JB wimped out.
My strategy remains the same. Trade around a core position. Some have belittled this strategy because the amount of money involved in my case is not large. But the PRINCIPLE remains the same.Sell on rallies and buy on weakness NEVER selling or buying more than 10% of your position in one trade.
Ok JB when it comes to investing you're not stupid and I never said you were. But you do owe an explanation to your followers who believed you when you predicted a $6 share price. One mildly bad CC does not prompt moving from strong buy to strong sell unless you were just pumping all along.
That's funny Wal. I made 50k in investment income in 2012, and the year is not over yet. I still have 3k shares of Xinyuan, but also have 28 other stocks as well. One of those stocks I bought last Friday was up 30% today (STV). Still making money here. May be a wimp, but taking my 50k in investment income, and diversifying.
Wal is an idiot. He voted for national suicide. Say no more. Wal will eventually become your typical lib. Wondering why he has no job or future, yet too ignorant to know why (he'll slit his own throat).
Too stupid to even warrant a response
You could have taken profits long before now. You have provided no explanation why you felt the sudden urge to sell now after telling us for months that Xin was headed for 6. You also incur capital gains taxes that could have been avoided for another year had you waited two months to sell. Why the sudden need to sell?? Your credibility as a poster is GONE. This abrupt change of position is as bad as any your guy Romney did. All your posts in the post are now just hot air. The pathetic attempts of a cheerleader to boost a stock that he himself didn't believe in when the least bit of bad news hit the stock.