May

31

Sold SXR Uranium

May 31, 2007 | 4 Comments

This afternoon I decided to free up a bit more capital and sell my holding of SXRFF at $15.35. Frankly, the momentum has come out of the uranium market here, and the stocks are all valued richly relative to near term earnings. I continue to believe that the uranium price is going to stay high over the long term, but the stocks have cooled off for the time being and I believe it will take some time for […]

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May

31

Taking partial profits with HRSH

May 31, 2007 | Leave a Comment

This afternoon I decided to take partial profits on HRSH. I sold half my overall position at $5.07. I am still retaining a significant position in HRSH, but with the stock up 7% today and 13% from my buy price in a relatively short time, I thought it best to cut some exposure here and book some hard profits. This has left me with a decent amount of capital to potentially invest, and I will be looking […]

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May

30

Plotting a course through China

May 30, 2007 | Leave a Comment

In the wake of last night’s 7% selloff in China, it’s worth taking a minute to talk about risk management. I am a big believer in the “third time is the charm” scenario, because I believe that the bubble will not pop until people have been systematically conditioned to buy the dips. Consider the first two large China dips to be this sort of conditioning, and it will be the recipe that will set the pigs out for […]

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May

30

New position in Transglobe Energy (TGA)

May 30, 2007 | Leave a Comment

Yesterday I took a moderate new position in Transglobe Energy at $3.85. The stock has been a total dog over the last year, but it is beginning to show signs of putting in a bottom. At its current valuation, the stock looks to be very cheap, and has some excellent exploration potential on top of its already profitable production base. I am currently working on some other things at the moment, but will publish a larger article […]

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May

29

Realigning my portfolio

May 29, 2007 | 1 Comment

I’ve taken the weekend to do a substantial bit of research, and although I’m by no means finished, I’ve come up with some new ideas. I’ve also taken a hard look at my current portfolio and realize that there is some room for rearranging, so this morning I’ve decided to pare a few holdings and free up some cash to bring in some new holdings. I’ve summarized my decisions below.

Sold GSCP at $2.75–I still believe this stock is […]

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May

26

Harbin Electric–fundamentals and technicals aligning

May 26, 2007 | 4 Comments

Recent comments from Alan Greenspan have scared many U.S. investors out of Chinese companies. However, despite the selloff, Harbin Electric has held up quite well. As one of my new holdings from last week, let’s take a closer look.

Business

Harbin manufactures custom linear motors for industrial applications. Their current products are used in industrial conveyor belts and assembly line systems, oil wells, postal sorting systems, etc. In addition, the company will be expanding into two […]

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May

24

Daily Market Wrap 24MAY07

May 24, 2007 | Leave a Comment

There are few things more frustrating in the stock market than seeing a stock at your price and not being able to buy it. That is happening today on my watch list, in particular with NTRZ and CHCG. One of the big disadvantages to holding thinly traded stocks is that it is difficult to rotate in and out of positions at good prices, and that prevented me from rotating some money today. However, I’ve learned from past […]

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May

23

Daily Market Wrap 23MAY07

May 23, 2007 | 2 Comments

You sort of get the feeling that all the warnings coming about regarding China lately mean that the bubble will only continue to grow. After all, bubbles don’t pop when people are taking stock of the risk, and there are a lot of people taking stock of the risk right now. That doesn’t mean I’m jumping in with reckless abandon to that market, but I’m not backing away from it either. I only have one China holding […]

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May

23

New holding: ARTW

May 23, 2007 | Leave a Comment

I’ve added a small new holding to the portfolio today in ARTW at $8.56. This company produces niche farm machinery products, and should be a beneficiary of rising agriculture prices which are spurring renewed investment in the sector. I do the full writeup over the course of the next few days, but here are some highlights:

1) $16 mill market cap
2) $20 mill revs over last 4 qtrs, $12 mill backlog at end of Q1 (and trending higher)

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May

23

Further thoughts on GSCP

May 23, 2007 | Leave a Comment

We’re back after a few technical problems yesterday. Yesterday was a pretty boring day for the market, so I will not bother to look backward too much. My one comment is regarding Globescape’s buyback. Essentially, management just said, “We are going to take the stock to $3 and get an AMEX listing.” Anyone who listened to the conference call understands that management is really targeting an AMEX listing and that they are going to do what […]

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