Selling to avoid risk or lock in profit?

After writing about the risks inherent with China Telecom (CHA) I sold. After a 17% gain, I saw too little upside and too much downside risk.

I’m also considering taking some profit on OVTI which is up around 66% for me. I wrote about it being undervalued back in July 2004 and how it reminded me of the tech bubble. While it seems like a good time to take some profit, the PE is still a reasonable 21 and the PEG is a very nice 0.72 according to Yahoo Finance.

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