Stockcoach's Corner

All in all a good week. As of the close of trading today, my portfolio was worth $376,850, up $6,218 from last Friday. Today turned out to be a busy trading day, a rarity for me because I try to avoid excessive trading to the extent possible. Four trades in total:

1. Sold my shares of EDAP. I had purchased them more than 2 years ago at $1.50 when they were trading below cash value. The company has executed reasonably well since then, but I think the stock has gotten ahead of itself. I bailed today and sold out $4.75.
2. Bought back my shares (and then some) in BOSC. As faithful readers may recall, I sold them only a few weeks ago. However, that was in the midst of a major surge in the stock price as daytraders piled in with the hope of making a quick buck . Since then, the shares have fallen by 50 percent. At $2.40, the stock is now trading not far above cash value, and with growing revenues and its position in the hot VOIP sector, I think there is plenty of upside here, and relatively little downside.
3. Bought shares in AVGN. This biotech is losing money but is trading well below cash value, which I think will give me lots of downside protection. The company is working on a cure for Parkinson’s disease. I don’t know whether they will succeed, but I’m willing to roll the dice on this one.
4. Bought shares in GIGM. This is my third time in this stock, although this is first time that I’ve bought above $1. However, the company’s fundamentals and prospects have improved a lot over the past 6 months. Yet, it’s trading at close to cash value. At the very least, I think it should be a $2 stock.
   

# posted by Stockcoach @ 7:42 PM