Wednesday, October 24, 2007

Train goes through Xinhua

Xinhua. I am in Xinhua Financial — better known as Longtop Financial Technologies — at 33.70. Not exactly a great entry point, but I think as far as IPOs go, this one has a good chance to keep climbing for a few days. Got out of NILE and sold half my position in STV to enter LFT.

Though the Co has strong potential, catering to financial services in China, I view this through trade-colored glasses only. I just lament that I was away at work during that last hour of the session, when the stock was went from 27 to 32.

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