Aug

9

NINE looks to be dead money…taking my loss

August 9, 2007 | Leave a Comment

This morning I decided to use the small bounce in NINE to take my loss and sell my holding at $3.11. This was clearly one of my worst trades of the year, as I fell into the value trap of looking at the company’s balance sheet without identifying any near term catalysts to drive the stock higher. To put it frankly, I didn’t to the required research, and I paid the price to the tune of a 21% […]

Continue Reading NINE looks to be dead money…taking my loss

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 […]

Continue Reading Rotating from BSIC to take advantage of NINE breakout