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!
sorry sorry sorry I could not resist: I bought 125 (ASIA) AsiaInfo shares… What is it? February 6, 2007Posted by deminvest in ASIA Asiainfo, growth stock, Internet stocks, investment, nasdaq, Single stocks, stock I own, stocks.
I don’t really know.
Apparently ASIA is a Chinese software house which has 800 workers and develops software mainly for Telecommunication companies. I was not supposed to buy any more stock this month. I allow myself only to one buy per month but I do often lack in self discipline (like many other simpletons like me do).
I think I bought it for two reasons:
1) I thought it is a bargain: ASIA has market cap 343.82M and cash 150.46M, meaning that half of its price is made by cash it owns. (more…)