## Friday, March 30, 2012

### Tibet Water 5100 - partial sale

This morning I sold the shares in Tibet Water 5100 (HK:1115) which I had purchased at HK\$1.82 on Wednesday for HK\$1.89/1.90. The profit was 3.2% (net of costs) for a two day holding period. I still hold the remaining shares purchased at higher prices.

As an aside, I attempted to pick up some shares in SHK (HK:16) at HK\$92.00 this morning on expectation of a big drop following the arrest of the company's two co-chairmen (among others) in a corruption scandal. Unfortunately, the shares only got as low as HK\$94.00 so I missed out.