July is closed, waiting for the update on late yields, the performance has been positive, +1.58%.
I got stuck into 3 big drops this month: Lumber Liquidator (LL), Automatic Data Processing (ADP), Ctrip.com (CTRP).
LL missed some analyst estimates so my stake jumped from a total gain of 22% to a final gain of about 3%…. I decided to close the position since the short term upward trend was broken (and the following days the new negative trend has been confirmed).
ADP didn’t miss anything, it beated the estimates but the price dropped by about 8% on the last 2 days. Anyway this is a long-term investment, so no problem.
CTRP is much volatile as always, so no news, this month it decided to go down..