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Pastimes : Trade Blogg Ideas Inter Alia

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From: Rutgers	1/23/2006 4:23:49 PM
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Trade Alert - and the envelope please... Purchased a little REDE today at ~$10.35. Insider purchases (including CFO at approx. $12.40/share on Nov. 8th, which was close to 1/2 way through Q4) and activist filing SEC 13D (see recent Barron's squib below) from the Founder. Looks like a fairly low risk at this level. Stay tuned - earnings after the bell tomorrow night (Jan. 24th). Obviously, the action today doesn't bode well for tomorrow's earning's call. I have vowed to stay away from earning's plays this year b/c of my awful performance on those stand-alones last year, but for the reasons outlined above. RedEnvelope founder Scott Galloway intends to solicit stockholder proxies in an attempt to remove several directors, including CEO Alison May, from the board at the next annual stockholders' meeting. Galloway said the CEO's "poor management skills" had created "insecurity and uncertainty surrounding the company that continues to crush shareholder value." Galloway said he remains concerned by disappointing financial, operational and stock-price performance; he and his affiliates collectively hold 1,396,790 shares (15.5%).

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