Wednesday, August 30, 2006
Bye Bye GV
Up 0.1 percent today. On the whole, it was not a good day for my portfolio. Without IFON, I would have been in the minus column for the day.
I bailed on GV. My initial motivation for buying the stock was that it was excessively oversold. Although it didn't bounce as much as I had hoped, I am prepared to take my 12 cent profit on 5000 shares and move on. This is not a stock I want to hold long-term. Their exposure to the real estate market in Florida and concerns about how much electrical construction business they'll have next year given the quiet hurricane season so far leaves me worried. I'd rather stay on the sidelines and wait until the price becomes more compelling from a risk/reward standpoint or there is more clarity about what their order book will look like next year.
I bailed on GV. My initial motivation for buying the stock was that it was excessively oversold. Although it didn't bounce as much as I had hoped, I am prepared to take my 12 cent profit on 5000 shares and move on. This is not a stock I want to hold long-term. Their exposure to the real estate market in Florida and concerns about how much electrical construction business they'll have next year given the quiet hurricane season so far leaves me worried. I'd rather stay on the sidelines and wait until the price becomes more compelling from a risk/reward standpoint or there is more clarity about what their order book will look like next year.
# posted by Stockcoach @ 5:26 PM 
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Coach, what your take on EWEB now? Is it a buying opportunity?
# posted by 
: 4:17 PM, September 01, 2006
: 4:17 PM, September 01, 2006
I sold YIWA for a tax loss. I have no clue what's going on there. No reporting, no financials, no website. I can only assume that the whole company was a scam. Live and learn!
About EWEB, this is my biggest loss of the year. I know they keep changing business models every month (hey, maybe in October they'll go into oil drilling). But my experience with cash rich companies like EWEB is that they do bounce back, so I'm sticking with it.
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About EWEB, this is my biggest loss of the year. I know they keep changing business models every month (hey, maybe in October they'll go into oil drilling). But my experience with cash rich companies like EWEB is that they do bounce back, so I'm sticking with it.
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