Short update on changes in portfolio. Im happy with the performance of Netease and chose to close the rest of my position on todays closing price. This trade has given me an average return of almost 50% in about six months time. Great company but current valuation has as much to live up to.
I have become more skeptical about MQ for various reasons, mainly due to online shopping which seems to eat into margins of all clothing companies in a way i didnt expect. So I take my loss here and sell the full position. Right now i feel comfortable sitting on some cash (lowering my beta) waiting for new good opportunties to arrise as well as allocalate to new investment ideas.