Robert Hsu and WX

Removed copyright content and reposted

This trade is not very recent, but it is always useful to remember past trades and to evaluate the performance of a guy asking $3.000 per year for sending you a newsletter.

All begun on October 1st 2007 when Mr. Hsu was so excited from what he saw in his crystal ball to send the following message (after WX closed at $28.12):

New Buy: WuXi PharmaTech

[REMOVED]. I want you to buy WX under $34. I expect it to hit $50 by mid-2008, giving us +70% returns from today's prices.


In less than one month WX peaked over $40 giving an imaginary profit of over 40%.


Mr. Hsu is a real tough guy. He never sets stops. And we will see the return of such a strategy in a minute. Let's preview the chart of WX and we can see how far we are, in mid-2008, from Mr. Hsu's imaginary $50.

October 10th 2007: Buy under $42.

October 17th 2007: Buy under $42.

October 24th: [REMOVED] and WX is a bargain under $42.
[REMOVED] That's exactly why we invested in the company. I want you to continue to buy WX under $42.

October 31st: I want you to continue to buy WX when it's under $42.

November 7th: I want you to continue to buy WX under $42.

November 14th: Given its bright growth outlook, I want you to continue to buy WX under $42.

November 21st: I wouldn't buy more WX until the broader market stabilizes.

November 28th: Buy WX under its new and adjusted limit of $30. And those who bought it at $42 a few weeks ago???

December 5th: I want you to continue to buy WX under $30.

December 12th: The stock dipped with the market and we may get another shot at buying the stock under our buy limit. Watch WX and buy on dips under $30.

December 19th: I want you to continue to buy WX under $30.

December 26th: Watch WX and grab it when it trades under $30.

January 2nd: I want you to continue to buy WX on dips under $30.

January 9th: I want you to continue to buy WX on dips under $30.

January 16th: I want you to continue to buy WX on dips under $30.

January 23rd: You should sell [REMOVED]and WuXi Pharmatech (NYSE: WX).

Not much explaination Mr. Hsu...

Close price on January 23rd was $22.44.

Another quick -20% for Mr. Hsu, quite different from the imaginary +70%.