I sold 1/4 of my position because this stock is too volatile. Any comment is welcome!
This stock largely fluctuated many times. I never sell. If sold in the past 2 years in high point and bought back in low point, my money would get a lot of profit. So this time, I sold 1/4 in order to harvest some profit.
I will buy back if Xin goes down to 3.2.
If the price continues go upside, probably I will sell another 1/4. And also I will buy back when it goes lowside.
Another reason is that Xin's next quarter report will be not good because Xin has no houses to sell before next quarter's report. So I believe there is still chance that Xin goes low.
I agree that Xin's price is quite low, but I believe it will fluctuate as before even if its average price will go upside.
Of course, there is risk in my operation. Probably I will miss Xin's sudden breakout, but I believe the possibility of sudden breakout is quite low.