Did some last minute portfolio tweaking to end 2007 today
Bought some shares of TCCO,GVSS and another to be named later stock
Sold some AXLE for a tax loss and a bit more CXPO to rebalance it in my portfolio.
It has been one fantastic year overall. It appears I ended 2007 up what is a truly ridiculous 171%.
I believe that would be the best number ever for a year when my portfolio wasn't under $20,000. Quite a number of 100% plus gainers with some over 300% contributed to that including VII, ARTW, EDAC, HLXH, AYSI, DGLY, DYII, CXPO
It has been a great year in microcap land for both investing and trading. I am cautious about 2008 but I will always deploy money when there is a compelling reason for a stock to go up in value. Next year I will likely be a bit more cautious focusing more on stocks that have some resistance to recession should that happen. I am definitely avoiding stocks with negative balance sheets and weak balance sheets will need a bigger up side to get me to take a chance.
I will likely write again later this week with a short write up on a new pick
To all who read this blog I wish you a happy, healthy and prosperous new year.
Gilead
Monday, December 31, 2007
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2 comments:
Very impressive gain for 2007. I too was in CXPO and have a good chunk of change in DGLY and AYSI.
Thanks for posting your blog on your investment thoughts. I read it every time it is updated.
lots of good picks and things to learn here, while making some money of course, keep those blogs coming
--r
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