SMIC

Noticed that whenever the HK index raised this stock would traded side way or with a downward bias. The greater the index points increased....the worst is for this stock.
Then....it "hit" me to realise that this stock is still consider a "penny stock" or
3rd-liner stock. And the present theme in HK is to play the top-liners which is reflected by the index raise. On Wed and Fri, the HK index shot-up by over 300+ points and on both days....this SMIC went "south" towards the close on smaller volume. But on Thu, when the index was down....this stock was quite steady and in fact closed up with good volume too.

I shall keep this observation for next week....esp this stock. I shall fully focus my attention on this one. I am planning to reduce my core holding to maybe 500 lots for this SMIC and another 500 lots for trading purposes ( meaning = for swing trades or short time trade ). Believe this is a better way to full use of my capital and the CFD trading margin. Don't want to be caught...."short" on free equity and be forced sold! The other advantage would be to free the capital and free equity for any other opportunity that may arises.

Present HK holding....left in my portfolio = SMIC and Henderson Inv.