I have been surprised how ignored AsiaInfo Holdings (ASIA) has been, a great combination of growth and value - but since it is irrelevent to have solid fundamentals I suppose it should not of been that surprising. Finally the past 2 sessions traders returned to this name. I bought a tad yesterday since I was underweight this name while I waited for it to come out of comatose, and yesterday seemed to have some potential. But in retrospect certainly not enough exposure was added - the stock is exploding higher today.

I am not sure if today's news has much to do with it, or simply traders noticed the same thing I noticed yesterday and piled in. A breakout over early June highs would be a large positive.

[Aug 11, 2009: Bookkeeping - Beginning Placeholder Stake in AsiaInfo Holdings]

[Aug 7, 2009: Niche Play on China Telecom - AsiaInfo Holdings]

Long AsiaInfo Holdings in fund; no personal position