The problem with bottom fishing...

The problem with bottom fishing is that you never know how deep the water is.

My previous efforts to add to the portfolio by picking up some "bargains" has, to date, been an exercise in catching the falling knife. It was fortunate that previous purchases were small incremental additions to the portfolio.

This morning I repeated the exercise making small incremental additions:

1. Sinopec (HK:386): I paid HK$6.98 for some additional shares;

2. Sino Oil & Gas (HK:702): I paid HK$0.34 and HK$0.36 for some additional shares;

3. CNOOC (HK:883): I paid HK$15.50 for some additional shares.