Tuesday, November 24, 2009

Bookkeeping: Selling Off Much of CNinsure (CISG) Post Earnings

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Much like E-House Holdings (EJ) I am having a difficult time reconciling some of the reactions to earnings versus what the actual data was.  I have not had time yet to devle into CNinsure's (CISG) earnings but with the stock breaking below the 50 day moving average I am going to exit 90% of the 1% stake and re-assess. The stock has been unable to mount any sustained trend movement for many weeks; just a lot of herky jerk action that does nothing for our style of investing.




Full report here; I'll edit this post later today when I have some time to review the numbers.

[Aug 27, 2009: CNinsure Report Solid but Many Acquisition Costs/Benefits Running Through Numbers]

[Aug 24, 2009: CNinsure - China's Version of Prudential?]
Long CNinsure in fund; no personal position

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