Well considering the death of GIGM today, I ended up about 2% on the day, with strong gains in tech. The GIGM mess is a headache. Frankly management is doing a dumb move by trying to sell the internet biz because that is a money maker. For the record, I'm down 18 percent on the stock and its my biggest loser YTD. Feel free to send hate mail, ill read it over warm beer, instead of cold. However, I am still in and will reevaluate my position. I will admit its concerning. Regardless if I am in or out, the money will be made back, if not in GIGm but another position.
I'm off, will post research tonight.
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market wrapup seems to have taken over the blog lol
ReplyDeletelol damn blackberrys1
ReplyDelete-18% IS NOTHING DUDE. JUST SELL IT AND BUY ONE OF THOSE DAMN SMALL STOCKS AND YOU WILL MAKE IT BACK IN 5 MINUTES. HOW MANY DOUBLES HAVE YOU HAD THIS YEAR? YOU HAVE TO BE LEADING THE MLB.
ReplyDeleteI ADDED TO MY USO TODAY AND HEDGED SOME OF MY LONGS. THE XLF IS BUMPING UP AGAINST THE 200 DAY. BANKS WILL MOVE HIGHER IF IT BREAKS
ReplyDelete