Shares & Derivatives
China Minzhong: Bought more at $1.025.
By A Singaporean Stockmarket Investor (ASSI)  •  April 23, 2013
By end of February, I had divested a big part of my investment in China Minzhong, locking in some sizeable gains. The remaining shares which I am holding are from a purchase made in June 2012 at under 60c a share. I can say that these shares are free of cost as the gains from the partial divestments are enough to cover their cost.
If the share price of China Minzhong had continued rising, I would have been quite happy to simply hold on to my remaining investment until a time when I feel valuations are no longer cheap. However, as all of us know, prices do not go up in a straight line and will climb a wall of worries. So, if there should be pull backs or corrections, I would be quite happy to add to my long position. Some might say that China Minzhong is now in a downtrend and that it is risky ......
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By A Singaporean Stockmarket Investor (ASSI)
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