Tuesday, February 07, 2006

Hotung on the roll

This blog first mentioned how attractively priced Hotung Investments was on Nov 05, 2005 in a post titled "Bargain Technology VC" [Link to post]

Then, the Taiwanese company was trading at US$0.09. In recent weeks, market sentiment towards the counter has improved significantly. It closed at US$0.14 today. This represents approximately a 55% gain over a space of 3 months!

As noted in the earlier post, Third Avenue holds a substantial stake in HIH and this must also represent a fruitful position for them too!

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3 Comments:

Anonymous Zack said...

How did you first happen upon this stock?

11:55 AM  
Anonymous Anonymous said...

TAM has started selling-out

11:16 PM  
Blogger Mr Market said...

Anonymous, thanks for your comment.

Indeed, TAM has began reducing its position. The blog shall update on this shortly.

12:04 PM  

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