Well, Tom, on October 3rd, I posted a message regarding my AIM success in a gold stock (DROOY) as well as an apparent failure in an
Indonesian telecom (IIT).
Message 5902769
In this message, I said something like: It's just a matter of time before I will be writing you announcing another AIM success. (Just hope I don't run out of dough in the meantime! <G>).
Well, it seems to be happening as we speak (I mean type). On Thursday, IIT opened up about a point higher (not bad for a $5.00 stock), and ended up at 7 3/4. I didn't have my sell order in place because the stock had been such a dog for such a long time, so even though Newport asked me to sell at 6, I was still holding all of my accumulated shares. On Friday, I put in the order to sell 20% of my shares at the previous session's closing price of 7 3/4, and the order hit at the opening price of 8! Not bad for being a procrastinator. So now my loss in the stock has decreased from an annual percentage return of a minus 88% to a mere minus 38%. Not bad, huh? And checking the Indonesian market right now, I see that it is up a little over 1% so far. I think I'll just keep selling this one as quickly as I can until the Pacific region starts selling off again.
Thanks,
RFH |
