I made money on CKGT earlier in the year but then sold off when it became apparent the lack of visibility would likely do me in; and my investment was seriously underwater, too. I may have given up my earlier gains, don't recall offhand, but I suspect my tail belongs between my legs.
I did nicely with JADA too---but later, while riding free shares, I saw the same thing developing---plenty of volume suggesting interest but once again---it didn't translate into anything lending itself to profitable trading. I sold off at a small loss but remained well up on my JADA experience.
Now I sit and watch people expecting JADA to do extremely well when, in fact, it's a company lacking visibility in all the important places. We know Jade is in high demand but we don't know how much that will automatically translate into profitable times for JADA shareholders. One thing is for darned certain: There's not been much regard for shareholders. That tells me there's tastier fish to fry.
HDY---now there's one I'm riding and it's doing a whole lot for all shareholders. When I sold the above two Chinese microcaps, it was to raise additional funds for HDY shares.
Note: I hold other Chinese plays including NEWN, LTUS, CCGY, CNOA and SGAS. CNOA and SGAS are my laggards but I'm expecting that to change soon.
Meanwhile, I hope for the best for all of us. I've been loving the CKGT story for a long time, just not the way it trades and definitely not the way management shows little regard for investor concerns.
My opinions only---for whatever they are worth.
WT
