Time really flies! It really does not feel like I have been a shareholder of Old Chang Kee since October 2011 but it is true! I have been a shareholder of the company for more than a year now.
Today, I made a decision to sell half of my shares in Old Chang Kee. Why not hold? Well, it has more than doubled from my buy price.
The decision is not based on TA since it is such a thinly traded and volatile stock. The decision is more based on FA as I feel that although it is a great company with characteristics similar to See's Candies which Warren Buffet likes so much, valuation is now rather rich.
Then, here comes the interesting part. Why have I chosen to sell at 57c or higher? Why not 55c or 56c? For those of you who think that AK is a savvy ......