re: SPOR, GTSI
I was at the beach for a week and was horrified to learn that I couldn't dial up the internet from the beach house. It was probably good for me, though. Actually spent quality time with my wife.
So I get this call from a guy at the office Tuesday morning that GTSI had hit 9. I thought he was pulling my leg. Without the internet I had no access to my accounts, but I knew I had to dump the thing. Immediately. I got a guy a friend to log into my accounts and dump the GTSI. Got between 5 1/2 and 6 1/4 - that bugger was all over the place that morning.
So here's a stock I bought at 4, sold at 7 1/2 the next day. Then bought again at 2 3/4, sold half of at 3 3/4, bought it back at 2 3/4, and then sold all of at about 6. Wow, what a stock. The reason it is so much fun to trade is that at its lows it is deep into net-net range, and it seems to bounce off the same low every time. Then you've got a management that loves to issue hyped press releases. Plus it has a Linux angle, so the stock is on the screens of the people who will bid a stock up 300% in one day and think nothing of it, then sell it back to me again below net current assets. I can't wait for it to go below 3 again. It will. Mike, did you ever buy this? I know it got as far as your watchlist.
I also had a limit order hit on SPOR. Thanks for the heads up, rjm. I had looked at this one at about 4 1/4, and thought it was a buy below 4. Then I fell asleep (or I would have paid 3 7/8 instead of 3 1/4. I think I'll get the chance to sell this one for 5 within a year. |
