just cut almost all my margin position on ATPG

from 11.18 to 11.33 while I still have about 10% profit margin on them. still very bullish on it, be ready to get back into it at any time. The two catalysts could be here at any day now: Monetization of Titan and MC941#3 well comes on production. I just do not want to take unnecessary risk to go against general market, also considering hurricane season is upon us. This is a big dilemma.

Also I am very worried about the mess on Chinese economy. We have experienced chaos on USA and Europe. Considering the high housing vacancy rate and traffic congestion, I believe housing and automobile demand is peaking in China. The following comment from 王石 is chilling:

第二，由於2009年房地產業的突然爆發，全國所有的房地產企業都賺錢了，很多房地產企業高歌猛進，開始大量進行房地產的開發建設，這些企業推盤時間大多集中在今年9、10、11月份

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