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Feb

8

Doubling positions in BBSI, USO puts

February 8, 2008 | 1 Comment

This afternoon I decided to double my positions in BBSI and USO puts, taking advantage of the big price declines in both. Frankly, I am buying these staffing companies largely because of their balance sheets, and BBSI has a very nice balance sheet that inspires confidence to buy the dips. I doubled my holding at a price of $16.05, effectively bringing my basis down under $17. Still a small position and I anticipate continuing to add on […]

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