Sold JOBS (51 JOB Inc)

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I decided to sell my position in 51Job (JOBS) which is a Chinese recruitment services company. The stock has been fairly volatile in the last few months. I managed to squeeze out a modest 8% gain for my troubles. Although I believe that job hunting services/sites in the Chinese market will be lucrative going forward, I believe that the increasing competition in this area will put a lot of pressure on 51Job. In order for me to get back into this one, I will need proof that their high margin online subsidiary will grow substantially as their print ad subsidiary hasn't been growing very robustly at all with the latter growing only 6%. Growth stocks need to grow. If they don't grow it's time to look elsewhere.

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