Tuesday, October 31, 2006

Moving Forward

As I have stated I tried to completely exit my position in this security.

The constant betrayals and disappointed greatly outweigh the upside.

When I attempted to sell my security there was not a buyer willing to purchase my entire block of shares. So I am left with a small block of this security that is not worth selling due to the commissions involved in doing so.

The CEO of this company has created (or been driven) into a situation that will make any short term positive moves in this security virtually impossible. The market will need a lot of evidence before we see significant PPS appreciation.

This does create an interesting opportunity. Any good news should allow ample time to enter the stock should this company ever make a positive turn.

My recommendation- Till then sell what you have (if the commissions do not make it not worthwhile) and sit on the sidelines and watch.

-- As always, I am a fellow retail investor whose opinions and trading strategies still require me to work- in other words, your actions are your responsibility not mine. --

-- Slainte' --

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