Wednesday, August 09, 2006

WSSI

Those of you who are getting Sally Alerts, got a triple play this morning with WSSI. First a Director filed a $2.0Million purchase, followed by another Director at $50K and finally, the CEO disclosed a $100K purchase. The stock closed yesterday at $9.90, opened today at $9.92 and was at about $9.97-10.00 when those I-Buys hit. The stock ran to as high as $10.30 in the aftermath of the filings. That's a pop of about 3% at its best. WSSI was a $20 stock less then one year ago and clearly these insiders see value here.

As for me, I took half my position off at about a 2.5% gain, and am holding the other half with a $10.05 mental stop. By mental stop, I mean that if the stock falls back below $10.05 I will either exit all of my position, or place a trailing stop on it all, as I wouldn't want to lose more then half my total profits.

Multiple insiders buying a stock that's at it's 52 week lows.........Thanks, Sally, you're a sweetheart.

A

11 comments:

Anonymous said...

I got into WSSI early after kicking myself for losing out on the good steady climb that RHEO had been making since it popped earlier in the morning.

While naive of me, no doubt, to compare the two, I thought surely WSSI would see similar 5+% gains. Much to my chagrin, I held on. Sigh.

Same sad story with VLNC from yesterday. Now I'm caught between just clearing it out for a break even or hold -- like I have with CAMP and GTN -- and pray for the big upturn. Are you still holding any of those?

Best,

Jon

Anonymous said...

Now a fourth WSSI pop from a fourth insider. Hope it helps.

Jon

Allan said...

Jon, was stopped on WSSI as per my previous post, but bought back in when it dipped below 9.90. Took half that new position off at 10.05, holding other half here, another mental stop at 9.95. What can I say.....it's a living.

A

Anonymous said...

Do you mind if I ask any many shares you're playing with to make this worth your while?

Jon

Anonymous said...

sorry, that should be "how many" not "any many"

This is why journalists need editors.

Anonymous said...

nothing to do with this post actually, but I don't see anywhere else to post..except for the latest...er..post..

got another email from the guys at stansberry

http://www.stansberryonline.com/pro/20060807-res-wid.asp?pcode=ERESG800&alias=200608RES&o=394747&u=13860174&l=792727

Anonymous said...

-Daniel

Anonymous said...

The stock he's hyping is "Realty Income"

Traded as O and OUI

http://www.realtyincome.com/investing/relations.html

Jon

Allan said...

Do you mind if I ask any many shares you're playing with to make this worth your while?

Nope, don't mind at all.

A

Anonymous said...

My FOUR programs:

"Ronnie," "Bobby," "Ricky," and "Mike" all fade this type of trading.

Who's Right?

"Stormin"" Norman Winski
Naples, Florida

curt504 said...

Reality Income: $10 book value per share and 6% dividend, but 5% of float is short. Maybe the 128% dividend payout ratio is predicting the downward future??? Intersting stock! The 5yr chart shows how it performs in an up realestate low interestrate market -- up.

Why the hype now?

Stormin: how do you profit from touts like Lebed's (lebed.biz and email list)? IE penny stocks etc. I've proven for myself you can't make money buying on his first tip. But you could if you could short penny stocks. ;-(

curt