Thursday, May 14, 2009

Chinese Portfolio - Blowing & Going

I promised the other day a little commentary about my MFI/China Protfolio, which I set-up in mid September, I think shortly after the AIG/Lehman/Merrill Lynch trifecta rocked Wall Street.

I selected the stocks from Chinese companies recommended by Jubak, MFI screens, and Vivian Lewis. They have done very well, up about 19% versus a 29% drop in the Russell 3000. Note that three stocks are up over 100%. And then ADY announced earnings this evening after the bell that were spectacular (American Dairy Reports First Quarter 2009 Financial Results), I may just buy some tomorrow at the opening bell. Here are the stocks:

CHCG.OB $1.50 $1.40 7.1%

QXM $3.50 $3.49 .3%

XING $1.92 $2.86 -32.9%

CAST $4.91 $2.82 74.1%

KHD $7.85 $21.00 -62.6%

ADY $18.43 $10.42 76.9%

WH $4.00 $7.98 -49.9%

AOB $4.31 $7.24 -40.5%

TBV $2.47 $1.18 109.3%

CSKI $14.16 $10.74 31.8%

STP $14.73 $43.53 -66.2%

XIN $4.76 $2.14 122.4%

PSOF $6.19 $2.74 125.9%

CDII $1.41 $1.52 -7.2%

CMED $19.71 $21.32 -7.6%

IWV $51.92 $73.09 -29.0%

Total $.00 $.00 18.7%

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