Hongchang International Company Ltd (HCIL)

[riskanalyst]

Took my 10% profit on PWEB. I was hoping for much more, but my position grew to 15% of my portfolio and in my opinion the company had some hair on it where I felt I needed to reduce my exposure. I reduced to my original position of about 3.25% over the last few trading days. I feel the company can deliver on their revenues and probably with some upside, however the risk/reward wasn't as compelling anymore. I fine tuned my initial original earnings estimate and guess the bottom line earnings will be .019. I think the .03 guesses were high because their expenses appeared to be highly variable to revenues. That's my SWAG.