PORTFOLIO UPDATE
During the trading day today I tweeted the following:
The research is here http://www.zenpenny.com/?p=4042
As of the close today, I am 100% invested. In no particular order I am holding for accounts the following:
- AUTH - See research report
- GSIG - Remain bullish here. What has occurred recently looks like nothing more than a shakeout of those who were anticipating a breakout of the bullish pattern a couple weeks back. A bargain. No doubt.
- SYNC - There seems to be confusion in the air regarding SYNC at present. Those who have become associated with the name have a past. That past does not necessarily disqualify the company as a result of the association. All that is happening is that what was going to take 6 months has been condensed into 6 days due to the attention. What was going to take 30 months may also be condensed into 30 days. The story here is far from over. We are now simply sitting in the range that company execs thought it should IPO at originally. A pump and dump? Really? Not even close. And those putting their money behind that thinking will be evaporated into small particles only leaving their reptilian tails behind as a sign they ever existed in the first place. This stock is under heavy accumulation. I have seen nothing to change my mind away from that fact.
- CIS has been disappointing, thus far. It is trading close to net cash of roughly $2 per share now. Downside from here seems minimal. The only reason I am not considering adding and will likely keep the position relatively small is because it is a Chinese company. I cannot be sure what is on the other side of the coin here. I am not a robotic clown who believes that all Chinese companies are frauds. At the same time, if CIS was based in Cleveland, Ohio instead of Beijing, I would have a lot easier of a time buying into the story. It's a value and I plan on holding for the foreseeable future.
- YELP - A brilliant future here. Misunderstood company. Reminds me of Yahoo when it came public in 1996 to a skeptic Wall Street audience that had no idea what the next few years had in store. I believe Wall Street, as a whole, has not learned much from that experience. Ignorance remains pervasive and widespread.
- ATNY - Takeover play extraordinaire. Not a matter of if, but simply a matter of when. A wonderful team heading this company up.
All of these companies have research available. You can access by clicking here.
