NeuroMetrix to Float More Stock; Bought More NURO

D'oh! It's happened again... existing shareholders take hit as a company floats more stock at a huge discount to the current stock price. This time it's NeuroMetrix.

NeuroMetrix, Inc. (Nasdaq: NURO - News) today announced that it has priced a public offering of up to 10,500,000 Units at a price per Unit of $1.00, for aggregate gross proceeds of up to $10,500,000, pursuant to its previously filed Registration Statement on Form S-1 (Reg. No. 333-178165). Each Unit consists of one share of common stock and one warrant to purchase one half share of common stock, exercisable at a price of $1.15 per share. The warrants may be exercised at any time after six months from the date of the closing and will expire after five years.

NURO closed yesterday (02012.02.07) at $1.15. Three months ago to the day NURO hit an intra-day high of $2.02. I added to our NURO holdings on 02011.12.30 at $1.20.

Stocks::Stuffer posting on Friday, 02011.12.30... Bought More NeuroMetrix (NURO). I ended the posting with the following (quoting self): "I would have liked to bought more, but cash was a limiting factor." Thank goodness I was low on cash; otherwise, I would have bought more NURO shares at $1.20 only to see an almost immediate 20% loss.

D'oh! I couldn't resist. I added to our NURO holdlings today (02012.02.08) buying more NURO shares at $0.94.

Illumina Says Roche's Offer is "Grossly Inadequate"

Illumina’s Board Unanimously Rejects Roche’s Unsolicited Tender Offer as Inadequate

I'm not tendering any of our remaining ILMN shares. Illumina says, "the $44.50 per share cash offer is grossly inadequate in multiple respects, dramatically undervalues Illumina and is contrary to the best interests of Illumina’s stockholders."

ILMN closed yesterday (02012.02.07) at $51.80. 52-week range: $25.57 - $79.40

Anticipating iRobot's 4Q'11 Results

iRobot (IRBT), our number one holding, reports quarterly results after the market closes today (02012.02.08). Yesterday IRBT closed at $36.86, $2.14 (or 5.8%) below its all-time high (and 52-week high) of $39.00. iRobot when public on 02005.11.09 at $29.51. IRBT ended 02011 at $29.95 and is up almost 23.5% YTD. IRBT reached its all-time of $39.00 on 02011.04.26. A few days ago I entered an good-till-cancel order to sell some IRBT at $42.

NASDAQ Hits 11 Year High; High SIR Portfolio Stocks

Friday, 3 Feb 02012: I read that the NASDAQ closed at an eleven year high of 2,908.13. [DJIA closed at 12,869.95 and S&P 500 closed at 1,345.34.] The NASDAQ's all-time high was 5,132.52 hit on 10 Mar 02000. In other words, the NASDAQ is still ~43.3% below its all-time high.

There are a handful of GDT::Portfolio stocks that have high SIRs (Short Interest Ratios) on 6 Feb 02012.

ASTM (Aastrom Biosciences) at $2.01 as a SIR of 14.5
GKNT (Geeknet) at $17.94 has SIR of 13.5
IRBT (iRobot) at $36.82 has SIR of 13.9
KTOS (Kratos) at $7.52 has SIR of 14.7
STEI (Stewart Enterprises) at $6.60 has SIR of 21.8

GDT::Portfolio positions for high SIR holdings: IRBT #1, GKNT #3, STEI #15, ASTM #17, KTOS #19

Hanger Orthopedics Changing Its Name To Hanger

Hanger Orthopedic (HGR) has been in the GDT::Portfolio since its inception on 2000.12.22. The GDT::Portfolio was started with three "seeds" and HGR was one of them. On 02012.02.04 HGR was #10 in the portfolio.

Yesterday (02012.02.03) Hanger announced it was dropping "Orthopedics" from its corporate name. In addition, the company is changing the name of its clinics from Hanger Prosthetics & Orthotics to Hanger Clinic. These name changes make sense to me and I fully support them as the company "positions itself for [the] future."

Hanger unveils new brand identity; positions itself for future

HGR closed on 02012.02.03 at $21.19. 52-week range: $14.57 - $28.47

Trimble Navigation Hits a New 52-Week High

Trimble Navigation (TRMB) hit a new 52-week high today (02012.02.03) after reporting 4Q'11 results. I wish we owned more TRMB shares, but right now we must be content with what we have. All of our TRMB shares were acquired when Trimble Navigation acquired @Road (ARDI) back in 02007. Our ARDI shares were bought during 02004-02005.

TRMB closed yesterday (02012.02.02) at $48.14. Today it opened at $52.20. 30 minutes into trading the volume had just exceeded the trailing-3-month average.

The following is from Trimble.com: "Trimble provides positioning solutions enabling professionals in engineering and construction, surveying, agriculture, fleet management and field service to be more productive by revolutionizing their work processes."

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.