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Daily Archives: April 26, 2010

Longtop Financial: Cut Your Losses Short

April 26, 2010
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Longtop Financial: Cut Your Losses Short

The habit of keeping a Watch List of interesting stocks is one habit of highly successful investors.  Personally, I also like to keep track of what’s going on with stocks that I have sold in the past. When I sold Longtop Financial (LFT) from the Cabot China & Emerging Markets Report portfolio in July 2009, it couldn’t have been called a mistake. The stock was nearing the bottom of a decline that took it from a high of 30 in mid-June to a low of 22 in early July.  Again, a reminder to always Cut Your Losses Short. And...

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