My chart shows that is still has been a very good year for me. But I still have scars from the 2008 drop. I am not doing anything major right now. Just going with the flow, waiting and seeing, monitoring the situation....
I am about 8% in cash as I did sell my positions in UTA, CEU and FLL in the past couple weeks.
My most recent buy, SCEI, reported their earnings on Friday morning (Sino Clean Energy, Inc. Announces Third Quarter 2010 Revenue of $24.9 Million and Adjusted EPS of $0.35). I felt very smart early in the day as SCEI traded up from $8.63 to $9.20 most of the morning in the face of an awful day for Chinese stocks. But the weight of the day was too much and they closed down 7 cents. Probably a great opportunity for anyone with some courage. That is essentially three straight quarters at 35 cents, at $1.04 EPS so far this year. Then they were very bullish about the future stating
- improving pricing
- Strong competitive position
- increasing production capabilities from 850k to 1,850k by 3q next year.
- CEU and