02/01/2012: Take Profits on Naga Corp

We added Naga Corp (HK: 3918, OTC: NGCRF) to our Long-Term Holdings Portfolio in early 2008. The stock has jumped roughly 46 percent year to date and gained around 70 percent since our initial recommendation.

As such, we believe it’s prudent for long-term investors to take some short-term profits on their shares. Investors should sell the quantity of shares necessary to reduce the value of their holdings in Naga Corp to the size of their initial position. Naga Corp will remain in our Portfolio, so investors should continue to hold the balance of their shares after taking profits.

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