Chroma Investing Portfolio Update
This will not be the usual Investing Portfolio update. For one thing, I only have one official position in the Chroma Investing portfolio: XING. That one stock is up 11%. And as I have stated before, that is an irrlevant fact because I have not sold the stock. Until I do, have only potential profit. I really wanted to clarify how the portfolio works.
Qiao Xing Universal Telephone, Inc. (XING) Net Net Stock – Buy
On Friday I purchased 1500 shares of Qiao Xing Universal Telephone, Inc (XING) at $1.91/share with my TradeKing account, so my brokerage fee was $4.95. Despite the name, Qiao is not a telephone company any more. They have recently focused their business to mining operations and are divesting themselves of their phone subsidiaries.
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