Stock Follow up - Vanke

July 22, 2007

Vanke (000002.sz) has been up 30+% since I bought at 19.03 less than three weeks ago. I am applying what I learned at Columbia, especially the Value Investing methodology, to the stock market of mainland China. Since everything looks expensive, I try to pick "certain" growth. Vanke is my first trial and now it is becoming also, if not more, expensive. I may sell it @ 26-27 and buy it back later