If you might recall, I recently wrote in Seeking Alpha that I only own a few stocks traded in the US. Ctrip (CTRP), China Mobile (CHL) and Focus Media (FMCN) made up my holdings because I am not a big believer in over diversification. I believe in finding a couple of good companies and holding or selling as needed but not stressing out with ups and downs.

Well, my portfolio has changed since I last wrote. I sold out my last shares of Ctrip last week, around when it hit its 52-week high, and have my remaining stock holdings in Focus and China Mobile. Rather than buy other stocks, I have kept my remaining holdings in Australian dollars, though I think the Greenback might bounce back a little in the coming weeks.

Here are my thoughts on the 3 stocks I wrote about before.

I have obviously been a huge fan of Ctrip for many years. It still is one of my favorite companies here and long-term it is a great bet. So why did I se...

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