Ok now is time to sell ASIA shares (47% up!) October 29, 2007Posted by deminvest in ASIA Asiainfo, China stock, growth stock, my free stock, nasdaq, Nasdaq stock, Single stocks, stock I own, stock ratios, stocks.
On Thursday ASIA Info announced excellent earnings results of $ 0.11 per shares. Analysts had expected $0.08 per shares. One would expect that the share price would go up with such good news… Well it didn’t happen after the announcement… because it happened right before. There were so many insider traders who knew about those results… that stock price went up 35% during the two days before earnings announcement!
Last week ago I decided not to sell My Asia Info shares to those insiders. Today, since results are published, I
sold 89 ASIA shares at $ 12.10 each casing in $1076.9 . I had bought 125 at $8.14 each spending $1017.5. So I made some extra cash and I still have 36 ASIA shares that I got for free and will try to hold forever.
Thanks once more, “Free stock strategy“!