Time for filing annual tax returns. In 2011 we sold more stocks at a loss than at a gain. Overall we posted a small net loss. Most of losses in recent years have come from Nokia, Talvivaara and BYD. Selling at a loss is always very hard to do.
I decided that we should exit completely from Talvivaara and BYD. The remaining positions were too small to make any difference in the portfolio and on the other hand I feel Nokia has best chances for turnaround out of these three. So all chips in the "turnaround" category will go to Nokia.