Stockcoach's Corner

The portfolio has been stagnant so far this week. Down about 0.5 percent through to today. My entry in IFO couldn't have been better. I bought 1050 shares at $5.97 late last week. The stock surged 20 percent yesterday. I decided to sell my position at the open this morning. Bad move. I got filled at $7.30 and the stock proceeded to move higher, much higher, going all the way past $9. Oh well. I did try the same stunt early last week with IFO and I got the timing perfect: in at $5.98, out at $6.40 the next morning.

I bought 400 shares of MRVL yesterday thinking that Cramer, upon his return from his vacation, would trumpet it. Wrong move. He panned it. I managed to still get out for a $1 per share profit when the stock moved higher today but I don't think I'll touch it again for some time. I'm still holding BRCM. The stock has a PEG ratio of 0.83. That's pretty cheap for a best of breed stock. I think I'll hold it into earnings and see what happens.

More closer to my value stock home, I also doubled up on ASCEF (basically repurchasing the shares I sold at $10 back in late April). The stock is too cheap to pass up at these levels.

The rest of my portfoio isn't doing much. PXPL and LTON are hurting me but I think both will rebound.