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Strategies & Market Trends : 50% Gains Investing

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To: Dale Baker who wrote (6256)5/18/1999 11:58:00 PM
From: Richard TsangRead Replies (1) of 118717
 
I see green (+ 0.5%) on mine today. Some trade to report:
Yesterday (5/17), mainly trying to reduce exposure:
Sold TCAT at 59.50 for just under 30% gain
Sold 3/5 of AGS so the balance 2/5 holding is free money
Sold all TMBS for 35%.
Bought IACO @4 1/16
Short sold DELL again at 43 3/16
Today (5/18):
Short sold more DELL at 44
Bought MSFT at 78 (my first time into this stock).
Put in GTC cover for DELL at 40
Put in GTC to get back in SPLH @9 (the color server partner of Xerox)

Back to watching the Hong Kong market now (2 hours into the night trading). Real time quote is working 50% of the time...big improvement. Portfolio is flat, although the Hang Seng index is down 253 at 12374, dragged down by HSBC, current at HK$256, down $4. Champion Technology (92) still one of the hottest, with almost 200 million shares traded after less than 2 hours, currently selling at HK$.56, @ exchange rate of HK$7.73 to 1 USD, that translates to about US$14 mil. It was only HK$.145 when I first took position a few weeks ago. For those interested this is the chart:
imsp014.netvigator.com
enter 92 as stock code to get chart.

Bought some Kin Yat Holdings (638), a toy manufacturer which claimed to have received orders to make toys related to the new star war movie charactors....may not be the same potential as Dale's FOX, but the fact is that the toy export business is big for Hong Kong/China.

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