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Strategies & Market Trends : Value Investing

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To: bpc28 who wrote (38420)11/17/2010 2:09:43 PM
From: Grantcw  Read Replies (1) of 78673
 
GRVY Updates:

Good News - Solid results this quarter from Gravity at $0.08/share on a $1.80 stock generally trading near cash levels. It's nice to see them put up a decent quarter once in a while, at least.

Bad News - Ragnarok 2 release is now scheduled for Q2 2011.

My take:

Coincidentally, I think this is a good stock for a 1-2% position, but recently it went up to 4% and I took an opportunity to sell some shares to get me back to 2%. I tend to buy shares around $1.45 to get me into too big of a position for my long-term tastes, and then lighten up when I feel is a good opportunity. Too bad I did it a couple of days ago...

I'm not happy with the Ragnarok 2 release, but I do feel like this company is still cheap and is diversifying into other games. I'm therefore going to hold my remaining position even with the RO2 delay (again).

Thanks,

cwillyg
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