Dec

7

Covering FNLY

December 7, 2007 | Leave a Comment

This afternoon I decided to cover my position in FNLY at $2.73. This has been a huge gain on a percentage basis (29%), but recent insider buying has me wondering whether I’ve squeezed as much as possible out of this trade. I don’t necessarily think that insiders know that Christmas will be healthy, but what I do know is that they wouldn’t be buying if the company was about to go bankrupt. Maybe I’ll think about re-entering […]

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Nov

24

Updating Tuesday’s portfolio moves

November 24, 2007 | Leave a Comment

I made two small moves in the portfolio on Tuesday. The first was to sell my remaining portion of KWBT.OB at $0.14. I kept a small amount of stock after selling the majority in the hope that the stock could continue to run up after Q3 results were announced. However, the stock didn’t go any higher than my original sell at $0.16, and then proceeded to break down technically back to below $0.10. Given the technical […]

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