Not touching another small cap Chinese stock again, ever...was lucky to get in and out of SUTR (a steel maker) with a decent profit before it imploded....
As far as what's been driving my portfolio up, it's mostly John Fredriksen stocks, the Norwegian drilling/shipping magnate. I own SFL, SDRL, and GMLP (a recent spinoff/IPO from GLNG), NATDF (a recent spinoff/IPO from SDRL) and GLNG. I'm up a total of 49% in that group right now, and they account for a full 20% of my IRA's current gains over cash rolled over, even though NATDF and GMLP haven't really budged since they IPO'd (yet!).
You definitely want to pick up as much NATDF as you can afford, but don't chase it like I did, just put in a bid and wait for it to come to you - but beware, depending on your broker you may have to pay a foreign exchange trading fee of anywhere from $15 (TDA) to over $50 (Schwab, IIRC).
I got into NATDF in 3 spread out block buys a few months ago, unfortunately a tad early, can't believe it actually (briefly) dropped below the IPO price of $1.70...my basis is ~ $1.75, own as much as I intend on buying....waiting for it to get listed on the NASDAQ later this year when it'll take off like a rocket ship.....will also be getting the first div around Sept when they release their first ever quarterly report (the same applies to GMLP, report and div wise).
As far as XCHO, back to no volume today, which makes yesterday's action appear even weirder....still no news either....I don't follow NPHC - any news over there?
