Kelly: Sold 10% of RIC, Increased CHCG Position

Tuesday afternoon I decided to sell just a bit of my position in (RIC) at $3.24. After taking a harder look at my portfolio, I was getting a bit overzealous with position sizing, and felt that cutting the position down slightly would give my portfolio a bigger margin of safety against volatility. It continues to be my biggest holding and I continue to like the stock into fourth quarter earnings, which I expect will take the market by surprise.

Additionally, I increased my position in (CHCG) at $3.07. The company has already upped 2007 in late November, and has had generally positive developments since then regarding its joint venture with Carrefour in China. The stock is simply too cheap at these levels, and I will be looking to allocate more capital in that direction if CHCG stays down at these levels.

Comments

[jimmyb]

This stock is awful. The shell sellers are reckless hyenas who refuse to let it breathe. The relentless and undisciplined selling by the shell sellers has decimated any value in this stock. While it may create some value for people with patience, there is simply no telling how many shares these shell sellers have left and intend to dump at any price as the clamor for the exit like panicked bovines. It is sickening. I'm averaged in around 3.30 and I've never seen green with this stock. If you want to invest in this, be prepared to average down weekly while watching your money evaporate. Frustrated with the management as well as they let the company bleed out without lifting a finger.