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Hi kidchicago,

Longer term I think it will not make a difference. I think YONG is a good buy @ $8. But if you have a decent position, IMO, you should wait for a margin of safety higher than the cheap price.

If you look at what happened in March, where stocks fell like there was no bottom, the valuations became really cheap. If you are patient and we see something even remotely close to that, you can get in these awesome companies at a value that will give you way more than market beating returns over a longer run.

Since I have decent positions in YONG and CMFO, I will wait for a further margin of safety here. I might get some more YONG below 7 or even around 6 and maybe more CMFO @ around 3.5 or lower. I have a decent position in CGA and have also sold puts, so will wait on that one.

Vish
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