Thursday, April 11, 2013

Sino Oil & Gas sold

Another investment that started out small and got smaller. A lot smaller. I have finally done something which I should have done a long time ago and taken the loss on Sino Oil & Gas (HK:702). If an announcement that the chairman has increased his shareholding (again) can't spark a rally, I don't know what will. Well past time to move on.

I sold at HK$0.151 for a net loss of 63%.

I'm just thankful that it was a small investment to begin with.

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