Bought a large 45% position in China Life Insurance (LFC) in my portfolio at $61.87 yesterday and doubled the position in a client portfolio to about 9% of holdings today at $64-ish. In my portfolio I am just over 50% in cash but this is largely due to the small size of the portfolio which makes it hard to diversify into multiple stocks.
I sold CTC Media (CTCM), a Russian television network, today due to their significantly lower per-share earnings and an ugly chart.
I also sold Powershares DB Agriculture (DBA). I'm not as bullish on grain prices over the next year or so as earlier.
Profits on CTCM: 20.00%
Loss on DBA: 3.36%
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