PORTFOLIO UPDATE: AUTHENTEC PURCHASED BY APPLE
During the trading day, I tweeted the following:
As most of you know, the largest position in the portfolios AUTH was bought out by AAPL today for a 60% plus premium from Thursday's close and a 73% premium from my reentry price on July 15th. The original research on AUTH from May 8th is here http://www.zenpenny.com/?p=4042
My problem now lies in the uncertainty of what to do with a 50% plus cash position in the face of my trend indicators that are quickly telling me that a 100% long position is warranted. I may have another new candidate that I will be announcing sometime in the coming week. I already profiled one new investment earlier this week.
Current holdings: SPNS, ATNY and WMIH.
I'll have more data and research this weekend. Have a good one.
