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.
"You got 15 thumbs down on one of your posts!! A record I can't hope to match. Guess what Einstein?? You missed the point to get back in at 2.90. Of course facts never did mean anything to you THE WORST TAX ACCOUNTANT IN AMERICA!!"
I think you have made your point Walrath, its time to let it go. This is becoming quite childish dont you think?
You seem unwilling to understand what the dispute is about. I suggested for months that you diversify. You smugly stated that you didn't need to because Xin was the greatest stock in the world and would soon go to 6. Then one day after a conference call that was not totally optimistic you abruptly change position from strong buy to strong sell with no acknowledgement that you had been wrong all these months. In the meantime I had been saying take profits along the way. Instead of saying I was right you belittled the amount of money I made. The fact is it doesn't matter what other stocks you bought. YOUR SELL CALL WAS WRONG once the stock got to 2.90. You should have bought then. I told you at the time you sold that you would fail to get back in on time. THAT IS EXACTLY WHAT HAPPENED!!