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This Quarter's Sentiment:
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From the Blogosphere
Two that Got Away - CNinsure (CSIG) and Perfect World (PWRD)
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Unlike AsiaInfo Holdings (ASIA) I missed buying the breakout in CNinsurance (CISG) and am kicking myself the past week for not jumping in on a very obvious move. Once it broke that late August high of mid $19s it should of been bought. I have no idea what caused that massive spike in volume 4 days ago but that also yelled "buy". Then the move over $22 took it to yearly highs, which was a 3rd signal. Only about a 0.2% stake... bad. Very bad.
  [Aug 31, 2009: Bookkeeping - Limit Order for CNinsure Activated]
<>[<>Aug 27, 2009: CNinsure Report Solid but Many Acquisition Costs/Benefits Running Thro...
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Fund Performance Period 9
Bookkeeping: Taking Profits in China
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China has been up 6 sessions in a row, so our short term purchase in Morgan Stanley China A Share Fund (CAF) last Monday was well timed (under $30), I am going to head for the exits and repurchase if the fund (a) falls back or (b) jumps over resistance that it currently sits at. I had only began rebuilding the position since I thought there could be more downside, but in this case while we nailed a bottom, the fund reversed and rallied strongly - not allowing us to create a much larger position lower. Cutting majority of the position just under $33.
Similarly, the only one of our 15 limit ...
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Bookkeeping: Weekly Changes to Fund Positions Year 3, Week 5
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Year 3, Week 5 Major Position Changes
<>To see historic weekly fund changes click here OR the label at the bottom of this entry entitled 'fund positions'.
Cash: 72.5% (v 65.8% last week)
22 long bias: 14.1% (v 12.2% last week)
9 short bias: 13.5% (v 22.0% last week) *includes long term puts
31 positions (vs 36 last week)
Weekly thoughts
After a moderate selloff to start the week, (almost) all was forgiven by a rally late in the week including the traditional post 3:30 PM mark up Thursday, followed by the traditional "all economic news is good news" after the jobs report Friday morning. There was a...
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Bookkeeping: Limit Order for CNinsure (CISG) Activated
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In the entry last week where we looked at Chinese insurer CNinsure's (CISG) earnings, we wrote
<>I have a limit purchase order down at $16 for this name; we'll see if it hits.
The stock almost hit $19 that day and has now dropped quite dramatically to hit our entry point this morning... we are in with a 1.4% stake at $16.00. Now let's be clear - individual stocks have lost a lot of their meaning and now are dominated by the movement of the greater market. If any panic sets in, in US markets this chart will be obsolete and CISG could be a $13 stock in the blink of an eye.
Since the U.S. markets...
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About CNinsure Inc.
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