Hongchang International Company Ltd (HCIL)

[riskanalyst]

The rationale for me selling was I got a little weary of the revenue growth after reading their 7/29 update of their growth forecast. They said revenues growth was already slowing. Than to back that up they gave revenue guidance with no implied increase in revs for 3Q and 4Q. The kicker for me to sell was when their expense numbers blew my estimates out of the water. With no ability to guess the expenses, I figured I should be cautious and got out after the 10Q was reported.

Still keeping tabs on it, but my affection for the company has waned.