Sold portion of both VSCI and NLST. Kept some in the event the PDEX and CRDS scenarios repeat (ie does not drop to original level and then rebounds). SMTP is doing well
TY for the insightful comment. I also see turnaround. I think we see well over 70 cents in 2014 (to lock in warrant equity) but think $2 is a stretch for 2014. Imo 2015 is breakout year and that we ultimately run above $4 to fill gap (2015 - 2017 timeframe). Imo MIlls will be happy with this performance as a public company. If it gets acquired longer term, I think it will be by major beverage company as its premium price cool brand. Imagine what KO or PEP can do with this in terms of marketing and distribution.
Unfortunately the market will always play games. Most of my investment approach is based on fundamentals (except for biotech where I try to emulate hedgies with good track records). However I recognize that select small caps can be multibaggers (some temporarily) this time of the year. I am willing to speculate (a tiny portion of portfolio) on this - getting in early before move (most times nothing happens).
Yes. From P&F standpoint it made sense to visit 50 cents but not 37.5 cents. Wed 40 cent low fit this criterion.. I was bracing for this. I'm glad it was followed by bounceback. Technically Wed pattern is called a hammer which usually signals a reversal - in this case a reversal from short term downward trend to bullish trend.
Nip, I think we are both good at picking buy points. How do you pick sell points? I notice you lock in profits with gains in the 25-50% (sometimes more) range. I sometimes do this but other times wait for multibaggers perhaps selling a portion with every double. This approach has reaped enormous profits on a few stocks , but many other times has failed to lock in 25% -50% profits only to see the stock fall back below buy point.