Now it is clear that buying yesterday at $5.5 level is a very profitable move. You get 10% return in less than 24 hours. Have we all learned something here? That is buy when others sell in fear . Of course, this is easy to say hard to do. Therefore, we all need practice to be mentally ready if next opportunity comes.
I am very pleased with additional XIN position taken yesterday.
I also learn to protect my assets better. I thought this stock had no downside because it is way undervalued. Therefore I did not put in stop orders at 6.50 or 6.90 to lock in gains last week. For those that did, the computer touched off all sorts of sales but I held and acquired more yesterday.
Yes. Good night sleep is more important. I don't use margin to buy stocks. I even don't buy stocks that have net debt. There is really no suspension to me that XIN will top its IPO price in not long future.
BTW, I actually think Kevin resign is plus for XIN. This guy is so bad who even can't understand investors' question in conference call. I miss Tom. I suggest XIN to get some young fellow from either Harvard or UPenn to be its next CFO. China president XI's daughter is studying at Harvard. Get someone like her to be CFO, then XIN business and stock price will soar. This is actually not hard, given so many Chinese students in Harvard, Yale, UPenn these days.