Morning thoughts... INNI Investment style, Cayman Opportunity, Insider
I would recommend INNI as a long term, core holding, as you all know. It can be traded, and apparently dose get traded with news, but may not yield the desired fruits in the fastest amount of time for real momentum types. It is also not oblivious to the overall market sentiment either.
Stocks are bought to be sold at a profit. I have trimmed holdings in I/Net only when the total allocation dominated my portfolio. From these levels, should the stock quadruple again in the span of weeks, by all means take some money off the table, especially if you think there were abnormal momentum pressures that have propelled it to those levels.
INNI is now in the "ok we believe your real, now what can you do" stage. The street is basically looking for sales data on Netscape, I believe. I don't believe the Cayman deal has been factored by any other than the local crew around these parts. So, todays prices are a pre-announce bargain hunters delight. If you are looking to add to your position, by all means, help yourself, the water is fine.
I have been accumulating the past few days. I'm close to 50k. This is down from a one time holding of 93K(back when it was really pennies).
The Cayman deal is actually very scary. When the thought was a cut of gambling transactions or the like, it was ok. The realization of a full service off-shore asset management capability, that lessens uncle sam's bite, is extremely compelling. I personally would sign-up for that. I'd bet a lot of these short term trader, new wave online investor types would as well. Especially after you write your first big check to UNCLE SAM for capital gains.
I think the potential is big. As much as I'd hate to, if the stock does a foolish quadruple in a short period of time, I've got to take something off the table, which is ok. But, that means another Big government cut, which is not ok. I'd rather see it advance in a rational way. This will lead to enhanced listings, analyst coverage (like it needs anything other than JWSecurities), and increased institutional holdings.
The opportunity is exponential. After all, Cayman, is but one island
(figurative, it could be lots of little islands for all I know).
As for the INSIDER SALE of 237,000 shares, I'd say he wants to buy a house with no mortgage! Unless he's moving to California, then its a down payment...jw |
