I had been scanning risers and fallers yesterday, and happened to notice FCSS (Fidelity China Special Situations), which fell 3% yesterday. I decided to take a closer look. If you examine Fidelity’s information sheet for the trust (http://is.gd/QlG3DN) you will see that it has an estimated NAV of 206.47p.
According to Google, its share price is 167.78p. So it is trading on a discount of 18.7%. The trust’s discount has been at their historic highs. That should usually be your signal to pile in.
I am tempted to buy, but in the end decided to sit on the sidelines. The fund is up 66% over 1 year. I vaguely recall China being mentioned a year ago, Edmund Shing in particular (http://is.gd/BZZ649). Boy do I wish I had paid more attention.