Chroma Investing

Value Investing for beginning & small time investors and the value investing strategies of Graham & Klarman

What happens When the Price of your Stock Declines?

This is a question that many of us faced in 2008. It is certain we will face this issue as long was we continue to invest. The answer, in short, is it depends.

First, check to see if something material has changed in the company that would effect the intrinsic value of the company. If your calculation of intrinsic value is unchanged in relationship to the stock price, you should not sell. In fact, as the price drops you may consider adding to your position. Let’s look at Qiao Xing Telephone (XING) which I purchased back in December for $1.92/share.

Qiao Xing Universal Telephone (XING) – Update – Is anything going on?

I am not big on updates on Portfolio stocks for no reason. A little over a month ago I said I was purchasing XING a Chinese Net Net Stock. I purchased the stock at $1.91/share and in the last five weeks the stock has risen to $2.73/share or about 42% increase. I am not complaining but I found myself asking, Why?

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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