Sold my entire position in XIN today at $4.90. I expect the stock to fall dramatically after reporting on the 27th.
I on't think they had the inventory to have a great quarter. Rode YONG to a big win, rode XIN to a big win and am riding LIWA and CCCL now. Good Luck.
Furthermore giddyupdow, it seems you placed some faith on the Chinese Real Estate construction sector with XIN (construction developement) and CCCL (ceramic tiles for exterior and interior buildings) and LIWA with copper wire products could have a peice in those sectors too. Interesting to me you bought closely tide sectors. Do you know something most others don't?
I noticed even after the runs in XIN, CCCL and like LIWA they are all still trading at measly multiples and fractions of book value still 4 times undervalued. Makes so sense to take some profits on XIN after the latest big move but most likely all will be much higher with china on the mend and sentiment changing.
Congrats on YONG too. I told everyone to buy LIWA after the YONG buyout announcement and gap up. Since then LIWA up about 50% and YONG lower. But then again hindsight as we all would have been better off just owning chinese VIPS up 400% in 5 months.
I say buy China and be very happy but at the same time like LPH expect the worst and hope for the best!