The sellers have been firmly in charge of markets—both U.S. and global—for more than seven trading days, and the situation is threatening. We have already done some selling via Special Hotline on October 31, kicking Bauzun (BZUN) out of the portfolio after it broke down on earnings. And in today’s issue, we’re continuing the process of turning defensive by selling Tata Motors (TTM) and taking partial profits in NetEase (NTES). We’re also putting three of our remaining holdings on Hold. We’re adding today’s featured stock, Melco Crown Entertainment (MPEL), to the Watch list until the environment improves.
