Tuesday, September 18, 2007

More Selling into Strength

Well, I did it again. I sold my shares in Hanfeng today.

As with my other recent transactions, I still believe Hanfeng is a great company but a ~40% rise in just over a month makes one wonder what the risk-reward ratio is at this time.

Had I been less occupied at work and quite honestly, had more guts, I would have made a killing in the past month with some of my stock picks as I had some extra cash available to invest. Oh well, another lesson learned: when markets are tumbling, be sure to put in stink bids to take advantage of that one day when everything collapses completely and bargains are abound.

Hopefully, I can re-establish a position at a lower price later this year.

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