Replies to post #84434 on Sino Agro Food Inc (fka SIAF)

[axion-nl]

I bought yesterday 1400 shares, wanted more but that's all I got at 9.35. TA looking good, jump above $10,- will ignite this stock!

I will add some 1600 shares more on monday!

[viking86]

Makes sense to me RD. Trading 1500 shs off a 6500 shs position is about a 25% trading position, a healthy ratio. Let's face it. All stocks go up and down ST even if some trend up in the LT. So why not take advantage of ST movements and turn some of your paper gain into real gain instead of watching it all evaporate or worse turn into a paper loss again ... and keep whining about it? As long as you can buy back the trading shares at lower prices, your total position hasn't really changed but you have paid yourself a dividend that keeps you going. Just do not get too greedy or carried away by selling more than you can buy back and hurting yourself in the long run. Donot lose the perspective of why you are here. That's the crux. JMO

[challe08]

I sure do. It's certainly going to be a problem if SIAF trades at $30 or $60 which could happen by the end of the year. Because there are a number of events that could cause it to drop 50% - 75% from those levels. And you won't be happy when that happens.
So, I prefer to keep SIAF below 50% of my holdings. I think you should do the same.

I won't change my strategy of being all in until we reach the levels you're mentioning (~30-60) then I have to make some decisions I guess, I don't have a "problem" if the stock should drop 50% from where we are today, but of course I won't be very happy about it. The reason for dropping would be the important part for me, if that will happen. I consider Siaf a make or break and I'm not going to change my mind as long as we are within limits of what we can expect from them. If they don't show any progress in terms of shareholder value 1H 2015 as "promised" I have to reconsider.

Anyway, it depends on your situation. If you don't have a lot of money, and job security, then you might as well go all-in on SIAF. But I think job security is an illusion. Anyway.

I don't have a lot of money, and I resigned from my job last year and took a X months severance pay (that I, of course, invested in Siaf ;-) ) But I won't start to diversify until I we reach a pps that, in that moment, make me sell a larger part (say >40%) of my holdings in Siaf.

What is your "goal" then? Is there a sum of money where you will take your money and run, leave the stock market? Are you planning to sit here in 10 years time and do what you do today or do you have other goals, like being "financially independent"? Being financially independent is very different for different ppl imo, I'm for example very much a low maintenance guy (even if I like to drive new cars :-) ) and if I reach a bag of money that could last for like 20 years the smart thing to do for me would probably just to sell of and run....for example if Siaf ever would reach $100 that would cover my "goal" by far.