Tuesday, December 30, 2014

Bought Some More Twitter (TWTR) at $35.75

Twitter (TWTR) lost 3.14% of its market value yesterday (02014.12.29). It was down another 2% today (02014.12.30), so I bought some more TWTR at $35.75 (no $Pi moment). TWTR 52-week range: $29.51 - $70.43.

Sold Some American Airlines (AAL) at 17 $Pi ($53.41)

American Airlines (AAL) has been making new 52-week highs and today (02014.12.30) I sold some AAL at 17 $Pi ($53.41).

Wednesday, December 24, 2014

Bought Some More Axion Power Intl. (AXPW) at $1.10

Axion Power Intl. (AXPW) is once again a penny stock. At 8:44am MST on 02014.12.24 its at $0.97. A couple of days ago I added to our AXPW holdings buying at $1.10. Once again my timing really sucked.

Two weeks ago the company issued a letter to shareholders and the last paragraph started as follows.

We believe that the current stock price and market valuation of Axion Power is significantly lower than it would be if the market were taking into account the inherent worth of our technology. We believe that our stock is undervalued based on the technology's potential to save money for our customers in the transportation space by increasing gas mileage and reducing emissions. In the energy storage space, using PbC batteries to decrease payback time for solar photovoltaic farms and other renewable energy projects.

Bought Some More Crexendo (EXE) at $1.20

Crexendo (EXE) spiked to a new 52-week low of $1.10 this morning (02014.12.24). The company, which is being delisted from the NYSE, issued a press release that stated the following.
Chairman of the Board of Directors and Chief Executive Officer, Steven G. Mihaylo (through a trust) agreed to purchase 1,449,275 shares of Common Stock at a price per share of $1.38 for a total of $2,000,000.00. The agreement which was signed today is expected to be financed by December 27, 2014. In addition, Mr. Mihaylo has been granted 500,000 warrants to purchase common stock of the Company; the warrants have a five year term and a strike price of $1.38 per share. Mr. Mihaylo has agreed that for a period of two years from the date of the Sale Agreement, the Company may require him to exercise the warrants if the Company determines the exercise of the warrants is necessary for the cash needs of the Company.

I understand the issuance of stock is dilutive, but I like it when a CEO has confidence in the future of his company.

Friday, December 19, 2014

Sold Some Red Hat (RHT) [The Case of the Accidental Quadruple]

I sold some Red Hat (RHT) today (02014.12.19) at $67.48, which enables me to add The Case of the Accidental Quadruple to my collection of Red Hat stories. Coincidentally, the quadrupled shares were bought eleven years ago to the day (i.e. on 02003.12.19). If I had been thinking I would have rounded the quadruple price up to the nearest increment of $Pi ($69.11). Next target price will be The Case of the Accidental Quintuple (i.e. $84.35).

Thursday, December 18, 2014

Red Hat (RHT) -- Could The Accidental Quadruple Happen Tomorrow?

Red Hat (RHT) closed at $61.50 today (02014.12.18) up 3.4% prior the company reporting 3Q'15 results after the market closed. Right now (3:17pm MST) RHT is at $68.15 in after hours trading, so I guess 3Q'15 results were good. Our accidental quadruple price is $67.48, so it's possible I'll sell some RHT tomorrow (02014.12.19).

Wednesday, December 17, 2014

Google (GOOG/GOOGL) Hits New 52-Week Low

Google (GOOG) hit a new 52-week low of $489.00 before closing yesterday (02014.12.16) at $495.39 (i.e. below $500).

Google (GOOGL) hit a new 52-week low of $497.19 before closing yesterday (02014.12.16) at $498.16 (i.e. below $500).

The GDT::Portfolio is heading in the wrong direction these days (i.e. it's approaching $0).