Wednesday, February 1, 2012

Nanosphere Up; Amazon and Axion Down

Our Nanosphere (NSPH) investment is still underwater, but the NSPH shares that we bought last year on 9/29 have doubled from $1 to $2. I don't have any plans to sell any NSPH shares, but plans are made to broken.

Amazon.com (AMZN) reported 4Q'11 results yesterday (02012.01.31) and today AZMN is at $175.45, down almost 10% for the day. I am a fan of how Amazon.com reports quarterly results: They start with operating and free cash flows; followed by number of shares outstanding; followed by revenues; followed by net income. AMZN is a small holding in the GDT::Portfolio and the plan is to never sell another AMZN share.

Axion Power Intl. (AXPW.OB) reported that they plan are going to "sell an aggregate of not more than 28,571,429 shares of common stock, par value $0.0001 per share (the "Shares"), at a price per share of $0.35." D'oh! AXPW.OB closed yesterday (02012.01.31) at $0.62. Today AXPW.OB is down almost 25%. Axion is a development stage battery/energy company.

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