Just sold 28 ACH Aluminium Corp of China shares June 14, 2007Posted by deminvest in ACH Aluminium Corp of China, China stock, growth stock, investment, my free stock, risky investments, stock I own, stocks, stocks that pay high dividends.
I sold them because ACH went up 50% in three months, which is even higher than my target (40%).
- on March 20 2007 I bough 40 (ACH) Alumium Corp of China shares . I paid $25,21per share. I spent a total of $1008.4.
- today I sold 28 ACH shares. I made $38.18. I made $1069.04.
- I still own 12 Aluminium Corp of China shares, worth $458.16. I got them for free and I plan to hold forever.
I am glad that I can hold those 12 ACH shares. Aluminium Corp of China is a great company.
Even though it is 50% more expensive than it was less than 3 months ago, I still think it is good stock to own. It is not easy to find good data about ACH. I used Google Finance this time. This what I found:
Revenue growth 2006 on 2005: 65%
Earnings growth 2006 on 2005: 62%
Those ratios seem fine still fine. What I wrote about ACH in March is still true, but with 50% more ACH is a bit less of a bargain.