Thursday, October 14, 2010

Bookkeeping: Selling 1/3rd Home Inns and Hotel Management (HMIN)

With the normal caveats (the market can only go up, selling anything is silly, yada yada yada) I am taking 1/3rd off one of my 2 China stocks Home Inns and Hotel Management (HMIN) - like many Chinese stocks it had a monster day yesterday and in about 10 days since buying is up 10%.   (obviously almost all of it coming yesterday)  Pure momentum traders will do the exact opposite of what I just did, as the stock has a nice breakout formation, even if somewhat extended...

Long Home Inns and Hotel Management in fund; no personal position


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