China MediaExpress Holdings, Inc. (fka CCME)

[riskanalyst]

I haven't exercised one share of my warrants yet and happy to see the price increasing. My plans are to convert my entire position into stock. CCME will become my largest portfolio position at about 55% of my portfolio. I have actually sold a portion of my current largest position (EGMI at about 50%) and some other smaller holdings to fund my warrant conversion. All told my two largest positions will become 90% of my portfolio. A fairly scary number, however most of the increase is due to gains on my investment and partially leverage from warrants. I may have to pare down CCME more in the future, but only if it closes the value gap compared to its competitors. For myself that will be anywhere in the 20's or 30's.