Tuesday, May 05, 2015
Sinolink Holdings sold
Last week I sold the rest of my shares in Sinolink Holdings (HK:1168). I held the shares from November 2012 and with a few sales and purchases along the way, made a net profit of around 37%. This was a reasonably reasonably large position for me so the overall impact on the household net worth was a decent one. However, like all my recent sales, I sold too soon - I had held my entire position until today, the net profit would have been close to 60%. Oh well ....
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I regret not following your advice on this one sir. I almost bought it for 0.56 early this year but changed my mind at the last minute:( thanks anyway for your tips
Since October 2014, 95% of everything I've sold is higher, sometimes by as much as another 100%. I guess the bull market is still intact. Still I believe a correction is coming soon, probably will be triggered by the impending Greek default.
Thanks for the comments.
I did not play the boom and (possible) bust in the PRC market well. I sold many of my small caps either last year or the year before (and would have been much better off if I had held them and sold the Sinolink way to soon. Maybe retirement has made me too risk adverse.
I have definitely become more risk adverse at investing since retiring in 2007 and living through 2008 great recession. Probably because it's harder to make up losses when there isn't a paycheck.
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