Bought big positions in China Life Insurance (LFC) and sold CTC Media (CTCM) and Powershares DB Agriculture (DBA)

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%

Bought Salesforce.com (CRM), sold Televisa (TV), 51Job (JOBS) and Asiainfo Holdings (ASIA)

Salesforce.com's (CRM) AppExchange will either grow on it's own, bringing huge returns, or it will be bought out.

Televisa (TV), 51Job (JOBS), and Asiainfo (ASIA) have had good runs, and there are or will be better opportunities elsewhere.

TV: profit of 51%
JOBS: profit of 9%
ASIA: profit of 142%

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Salesforce.com, inc. is the provider of application services that allow organizations to share customer information on demand.

Grupo Televisa, S.A. is a media company in the Spanish-speaking world and a participant in the international entertainment business.

51job, Inc., incorporated in March 2000, is a provider of integrated human resource services in China, with a focus on recruitment advertising.

AsiaInfo Holdings, Inc. is a leading provider of high-quality telecom software solutions and security products and services in China.

Ebay is a buy

and I did at 33.35 (4% of the portfolio). The mobile internet boosts Ebay's Skype and Paypal. Ebay needs to keep its marketplace dynamic which they have begun to try to do with their advertising exchange, but they really need to buy Prosper.com or Zopa.com and get into the peer-to-peer lending marketplace.

Bought ITRI, ENOC, COMV, LFC

I very recently purchased Itron - a maker of intelligent meters to be provided by utilities to end-users of energy and water, two small positions in Enernoc and Comverge - two companies that provide solutions to energy companies for energy crunch times when energy usage must be ultra-lean and efficient, as well as a position in China Life Insurance (again) - other than insurance, and mainly life insurance, it manages its own sizable investments in China. More on these later...