PORTFOLIO UPDATE: EVERYDAY I’M SHUFFLING
During the trading day, I tweeted the following:
One nice winner. One nice loser. In the end, a wash really.
SPRT has too much beta in its pants to hold onto during uncertain market times. It has become a nice trading stock. I initiated it, for a second time, at 2.60 on June 16th. Earlier this year I rode it up from the 2.60 range into the 3 range for a profit. I may pursue it again if it moves back down around 2.50-2.60. Have to see which way the cookie crumbles.
As for GSIG, it has become my arch-nemesis. I love the company because I did so well on it between 2010 and 2011. That love, however, may be clouding my judgement. The price pattern just keeps on getting more convoluted. I can't make sense of it anymore. I have to move on. Probably the last time I reach for that dish for quite sometime to come. The stock has simply churned me all year.
The primary reason for these sells is because I am making room for my newest holding that I have been accumulating since Monday. I will release a full research report on it later this week. This research report has been one of the most difficult I have ever undertaken. There are so many facets to the situation here that I sometimes feel that I am over my head in researching it. However, the upside possibility is so great while the risk is so well defined that it is just simply too good to pass up. You will understand once I present the facts. I am trying to understand it the best I can and want to be able to communicate the opportunity to you the best I can, as well. Takes time...and I'm a one man team.
As of the close today I am holding shares of the new holding (to be released), ATNY, AUTH and SPNS. The untouchable posse has lost a few but remains as ruthless as ever.
