Jul

3

Rotating from BSIC to take advantage of NINE breakout

July 3, 2007 | 4 Comments

This afternoon I decided to close my position in BSIC in order to free up more capital and capitalize on the breakout in NINE. I continue to like BSIC’s valuation, but the stock appears to be stuck in the low $1.40s for the moment and NINE looks to be pushing a breakout by retaking its 50 day moving average on substantial volume. Therefore, I decided to sell BSIC at $1.415 and bought a moderate position in NINE at […]

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Jun

15

Taking partial profits on CHCG.OB, rotating into BSIC.OB

June 15, 2007 | 1 Comment

This morning I decided to take profits and sell half of my position in CHCG at $7.98 as the stock surged on the news of a supply and distribution agreement with Best Buy. The stock is up 46% since my buy on May 29th, and is obviously more richly valued at present than it was at my purchase price. That being said, I still don’t see CHCG as an overvalued stock, as the company is trading at 16x […]

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May

15

Taking partial profits on BSIC.OB

May 15, 2007 | Leave a Comment

I’ve decided to sell about 30% of my position in Basic Earth at $1.58. Frankly, this move has less to do with BSIC and more to do with freeing up some cash to take advantage of other opportunities. I continue to hold a moderate sized holding in BSIC, and I believe the stock still has room to run to the upside.

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Apr

27

Basic Earth selling overdone

April 27, 2007 | Leave a Comment

Especially in the land of the microcaps, stock pricing can move to extremes. But bad news can be your friend, if it provides a buying opportunity like BSIC. I’ve been following BSIC trend downward for six months now, and I now feel that the stock represents a very attractive risk/reward. Therefore, I purchased a moderate position this morning at $1.41.

The simple fact of the matter is that Basic Earth has gotten absurdly cheap. The stock has […]

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Jan

17

Daily Market Wrap

January 17, 2007 | Leave a Comment

Today was a bit of an enigmatic day. On the macro front, we didn’t get a whole lot of new information from the spate of reports. The PPI was a complete wash, essentially because the recent decline in oil prices makes December’s PPI pretty much worthless information. The Fed told us that everything was all clear except that the labor market still shows tightness, which they’ve been saying for three months now. On the earnings front, strength in the financials […]

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