I sold 600 shares at 4.19. Have 1800 shares now. Made a profit of $700. If you're not in this stock you should establish a SMALL position. If you have big profits you should take some.
My portfolio is over $25k... and 30% of it is XIN. I'm a mathematician and a computer scientist. I know numbers. Even better I understand *risk* -- that mathematical thingy most traders think they understand. I have infinite tolerance for risk in my portfolio. You know nothing of my finances. Like I said, this is my get lucky, retire early money. I'm 29 years old -- I can afford to lose every penny in this account. Indeed it's in my mathematical interest to risk 30% in XIN. And for the record, I actually don't think XIN is risky. Why buy 10 stocks at 10% each... when I can own 5 stocks that I believe will perform the best?
You on the other hand have openly admitted you own 30 stocks. I think that's downright idiotic. But... then again, the greatest investor ever (Peter Lynch) had a habit of buying hundreds of stocks. Ehh... but then again... I think old Peter boy was significantly more intelligent than you Wally
BTW, citation needed. Not sure I ever "defended" Ayn Rand. I think she's one of the greatest authors of the 20th century. I've said that openly before. I never defended her ideology. Please cite my posts.
That's an interesting distiction. Most people who think she is a great author agree with her ideology which is based on the selfishness you claim to believe in. Perhaps you're confused.
You're right that I have no idea what your portfolio is. Whichis why it is stupid for you to claim anything. I would hazard a guess it's not much above 25k in which case it's easy to talk big about your risk tolerance.
You obviously understand nothing about trading. I have traded numerous shares of this stock and have made a profit every time. People who held missed out on the numerous dips in this stock that I traded on. The money I made today will be used to buy when the stock hits 3.75.