Keep/Add to the Winning Position, Sell the Laggard

Hello from Las Vegas. Las Vegas is hit with blistering wave of summer heat. It is hot hot hot. Folks look really sexy on the street ...

Market closed the last Friday with modest loss. The fact that a few big high profile stocks got hit hard combined with overbought market condition did not bring down much the big board shows how much stronger the underlying market is.



The market breath is in lock step with the big board moving higher.



Market is overbought in short term. In strong bull market, overbought condition is not the reason to sell winning positions.



My Port


BIDU



GMCR



NTES



CISG






EJ



CHLN




The following positions are sold,

CYOU

CYOU is too sloppy. The wide and loose price action is not something I like to see. Sell the position, move the fund to cash and other better performing stocks.



FUQI

FUQI offered the secondary essentially diluting the share value. There is no information on how much the secondary is priced. Sell now to move fund to cash.

In retrospect, I probably should keep 50% of the winning position.



ARST

The action is too sloppy. Sell!