We study the asymptotic large time behavior of singular solutions of the fast diffusion equation $u_t=Delta u^m$ in $({mathbb R}^nsetminus{0})times(0,infty)$ in the subcritical case $0<m<frac{n-2}{n}$, $nge3$. Firstly, we prove the existence of singular solution $u$ of the above equation that is trapped in between self-similar solutions of the form of $t^{-alpha} f_i(t^{-beta}x)$, $i=1,2$, with initial value $u_0$ satisfying $A_1|x|^{-gamma}le u_0le A_2|x|^{-gamma}$ for some constants $A_2>A_1>0$ and $frac{2}{1-m}<gamma<frac{n-2}{m}$, where $beta:=frac{1}{2-gamma(1-m)}$, $alpha:=frac{2beta-1}{1-m},$ and the self-similar profile $f_i$ satisfies the elliptic equation $$ Delta f^m+alpha f+beta xcdot abla f=0quad mbox{in ${mathbb R}^nsetminus{0}$} $$ with $lim_{|x|to0}|x|^{frac{ alpha}{ beta}}f_i(x)=A_i$ and $lim_{|x|toinfty}|x|^{frac{n-2}{m}}{f_i}(x)= D_{A_i} $ for some constants $D_{A_i}>0$. When $frac{2}{1-m}<gamma<n$, under an integrability condition on the initial value $u_0$ of the singular solution $u$, we prove that the rescaled function $$ tilde u(y,tau):= t^{,alpha} u(t^{,beta} y,t),quad{ tau:=log t}, $$ converges to some self-similar profile $f$ as $tautoinfty$.
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