Trade Alerts - and brief status update:
Have cont'd accumulating EDGR - got some today as low as 1.90. Still love it. Re-read the Q2 cc. My confidence isn't quite what it was and the chart looks like one that only a loser could love, but I am still a believer. My gut says manipulation, but who is behind this inexplicable nose-dive? Maybe there really is bad news, which would certainly explain the amount of selling and lend credence to the Street noise. Then again, maybe the mysterious "poison pill" has something to do with this. More on that below. Indeed, this feels like the time that DESC unexplicably dove lower and lower. This time I am buying all the way down. Only time will tell if this is the correct move. I think this one may need a six to nine month timeframe, but it should rock'n roll at some point. How can a solid, business RU prof be wrong? He purchased at much lower levels, and most recently, purchased a big bunch at ~$2.77. Memo to self: go back to the older cc's to find the story behind the poison pill legal costs that was referenced in the Q2 cc...was someone interested in taking a position at an earlier time?
Sold half the position in OVTI at close to a wash - needed to make room for more EDGR. Same reason that I sold CKCM in the prior post.
Tomorrow night, SGTL reports - formally. I am staying tune for the updated guidance. Any chance we finally receive some well-deserved good news? If recent history is any indication, I would say no, which is why this s/b interesting. I think this is a great LT hold, but it's really trying my patience. Tomorrow night's call should answer a few questions.
TSCM reports on Thursday. Now, this is one that I am really looking forward to. Cramer's popularity is still blistering. He is on the cover of the current Business Week mag.
businessweek.com
New Positions
EDGR - love it - from my Insider trade proprietary model - purchases to date between 2.67 - 2.32
OVTI - love it - from my proprietary Huge Cash/High SI model- purchases to date between 12.46 - 12.27 |
