Sell China: Baidu (BIDU) and Nam Tai Electronics, Inc. (NTE)   3 comments

There is a lot of chatter about China having financial issues. Of course, there is always a certain amount of chatter like that with China, but now it is starting to come from other sources. With the markets looking dangerous, the last place I want to be is in China, so I am taking my profits in Baidu (BIDU) and eating a small loss in Nam Tai Electronics, Inc. (NTE).

The final lines on both trades:

BIDU: -8.76 today, +15.90 overall to $170.90 (-4.88% today, +10.26% overall)–bought at $155.00
NTE: -0.15 today, -0.28 overall to $7.03 (-2.09% today, -3.83% overall)– bought at $7.31

Advertisements

Posted January 13, 2014 by edmcgon in Portfolio Moves

3 responses to “Sell China: Baidu (BIDU) and Nam Tai Electronics, Inc. (NTE)

Subscribe to comments with RSS.

  1. I noticed you held on to your Yahoo stock.

    Currently Alibaba is valued at $38 billion. YHOO is currently worth $23 billion; $8.3 billion or 36% of its capitalization is the after-tax worth of their Alibaba holdings and net cash from their recent sale. Remove the Alibaba contributions, and YHOO is really worth $14.7 billion.

    • Latetom,
      I will be the first to admit that Yahoo has significant Chinese exposure. However, until Alibaba has their IPO, it is anybody’s guess what it is worth to Yahoo’s bottom line. In addition, nobody knows what Yahoo by itself will be worth when Alibaba has their IPO. Yahoo still has growth potential by itself.

  2. Pingback: Ed’s Daily Notes for January 17th | Ed's Talking Stock

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

%d bloggers like this: