Tuesday, January 24, 2006
The Usual Suspects
A thoroughly pathetic day: down about $2,400. No surprise as to who the main culprits were: that's right, my old friends (and new enemies) MARSA and MARSB. Despite Marsh's meltdown, I do take some solace in the fact that the stock has fallen on very low volume. This suggests that maybe the fall in the stock is due to some nervous Nelly's bailing out and that insiders can't take advantage of it because they are privy to knowledge about a forthcoming buyout. Optimistic thinking perhaps, but I'll take what I can get.
YIWA is amazing. A minuscule $500 purchase drove the stock up 60% today. It's a real "Roach motel" stock. You can get in, but can't get out :>)
Yes, MARSA and MARSB were down on low volume. But that's the way they go up, too. They are low volume, illiquid stocks (like virtually all the stocks in your portfolio). Given their horrible financials, it might be time for you to consider cutting your losses and selling. Given how illiquid they are, selling just a few thousand shares may drive it down many percent ... but that might be better than losing another 50% on them.Post a Comment