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18-12-2012, 11:04 PM
Thanks Cyclone for the lesson on Chinese idiom. Very appropriate in this instance!
Ben's story sounds like me. Except I'm too lazy to even attend the AGMs. However my decision to cut China Paper from my portfolio was not due to some wonderful insight or inklings of accounting irregularities (I would like to point out that all claims to such irregularities are still speculation at the moment) I took the decision to do a portfolio balancing and decided to divest shares that were chronic underperformers and CP just happen to be one of them. I count myself lucky I only loss 40% of my investment in CP.
Ben's story sounds like me. Except I'm too lazy to even attend the AGMs. However my decision to cut China Paper from my portfolio was not due to some wonderful insight or inklings of accounting irregularities (I would like to point out that all claims to such irregularities are still speculation at the moment) I took the decision to do a portfolio balancing and decided to divest shares that were chronic underperformers and CP just happen to be one of them. I count myself lucky I only loss 40% of my investment in CP.