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Xinyuan Real Estate Co., Ltd. Message Board

  • jeffreybul23 jeffreybul23 Nov 28, 2012 6:53 PM Flag

    Was I so wrong?

    After the conference call, when management said that there would be no growth until end of 2013, I sold 31k shares to buy into 29 other companies and ETF's. When the share price dropped down to $2.90 I had already owned 1k shares of XIN, and my other monies were already in other investments.

    Yes, XIN went up almost 15%, but I got lucky and bought into some decent companies. Bought STV a few days before they announced a $2.30 dividend, which shot the share price up. Made $5,600.00 on them in 3 weeks, and $1.30 of the dividend won't be paid until after the first of the year, so that will move some of my short term gains ($9,100.00) into the new year.

    I currently have 4 companies up between 35 - 73%, which I hope will double by end of year. I have 4 of my companies in the negative, which I will sell if still negative at end of year, to reduce my short term taxable amount in 2012.

    After the 1st of the year, I will start to look at my stocks with gains, and the ones I think have maxed, I will sell and buy back into Xinyuan before they annouce the dividend in mid January. I believe that they will double the dividend for Q1 of 2013 to .08 a share, so the share price will then start to spike.

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XIN
2.80-0.02(-0.71%)Mar 27 4:00 PMEDT