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
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.
ReplyDeleteWhile 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
Now a fourth WSSI pop from a fourth insider. Hope it helps.
ReplyDeleteJon
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.
ReplyDeleteA
Do you mind if I ask any many shares you're playing with to make this worth your while?
ReplyDeleteJon
sorry, that should be "how many" not "any many"
ReplyDeleteThis is why journalists need editors.
nothing to do with this post actually, but I don't see anywhere else to post..except for the latest...er..post..
ReplyDeletegot 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
-Daniel
ReplyDeleteThe stock he's hyping is "Realty Income"
ReplyDeleteTraded as O and OUI
http://www.realtyincome.com/investing/relations.html
Jon
Do you mind if I ask any many shares you're playing with to make this worth your while?
ReplyDeleteNope, don't mind at all.
A
My FOUR programs:
ReplyDelete"Ronnie," "Bobby," "Ricky," and "Mike" all fade this type of trading.
Who's Right?
"Stormin"" Norman Winski
Naples, Florida
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.
ReplyDeleteWhy 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