My Stock Value Strategy Starts Now (1 Viewer)

[Mose]

For those that still own it. FEED is up 10% today.

Up 15% now...wow.

 

[BassNBrew]

Just sold 500 COIN at a loss of $125.

 

[BassNBrew]

For those that still own it. FEED is up 10% today.

Up 15% now...wow.

Sitting on 700 shares. 200 @ 5.11, 500 @ 4.14

 

[TheWalkmen]

Bought 300 INTC, now looking into selling Jan calls with either a 20 strike or 21 strike.

The 20 strikes will generate $167.25 including commission charges, while the 21 generates $75.75 after commission, if I sell 3 contracts (if I go 20 I might just sell 2).

If I go 20 and they're called I'll have $180 in stock appreciation + the money from the options for a return of 6.69% versus $480 in stock appreciation + the money from the options for a return of 10.27%.

What is the best play here?

 

[Sarnoff]

Any reason for the FEED runup?

 

[Gadfly]

Cut my losses on both FUQI and COIN and just happy to be rid of those devil stocks.

 

[David Dodds]

Great article explaining why many of us love Natural Gas right now. Disclosure: I have 500 shares of FCG

http://seekingalpha.com/article/174802-nat...-ride-u-turn-up

 

[Sand]

Any reason for the FEED runup?

I still hold mine and I'm in the WTF stage here. Not that I mind, but I would love to know what the move behind this is.

 

[Mose]

Anyone looking to get back into EXM? Looks like it could run back up near $8.00 in the next few days.

 

[george]

Any reason for the FEED runup?

I still hold mine and I'm in the WTF stage here. Not that I mind, but I would love to know what the move behind this is.

http://247wallst.com/2009/11/23/top-day-tr...tecd-ddrx-gmcr/

 

[BassNBrew]

So did they make money or lose money???

Press Release Source: Star Bulk Carriers Corp. On 4:05 pm EST, Monday November 23, 2009 Companies:Star Bulk Carriers Corp. ATHENS, GREECE--(Marketwire - 11/23/09) - Star Bulk Carriers Corp. (the "Company" or "Star Bulk") (NASDAQ:SBLK - News), a global shipping company focusing on the transportation of dry bulk cargoes, announced today its unaudited financial and operating results for the third quarter and nine-month period ended September 30, 2009.Akis Tsirigakis, President and CEO of Star Bulk, commented: "We are pleased to report strong operational results for the third quarter of 2009, exceeding expectations. Excluding non-cash items, Net Income for the quarter was $12.4 million or $0.20 per share and adjusted EBITDA was $28.3 million. Our cost control campaign has generated tangible results, General and Administrative expenses decreased by 37%, while vessel operating expenses decreased by $1.9 million or 20%, compared with the third quarter of last year. Our efforts were aided by the transfer in-house of the technical management of our fleet."During the quarter we further enhanced our Company's financial and operational stability. We secured new time charters with reputable charterers improving the quality and visibility of our earnings and achieving 100% charter coverage for our fleet for 2009, 85% for 2010 and 42% for 2011. Evidencing our strong financial condition, after securing the required consent of our lenders, we declared a dividend of $0.05 per common share, thereby continuing to reward our shareholders with regular dividends."With a young and modern fleet, low debt level, experienced management, efficient in-house technical and commercial fleet management, strong charter coverage and high liquidity, our Company is well positioned for continued growth creating value for its shareholders."George Syllantavos, Chief Financial Officer of Star Bulk, commented: "As of September 30, 2009, our senior debt was $259.5 million while our cash position stood at $63.3 million, translating into a net debt of approximately 25% of our total assets. We have already prepaid our debt installment scheduled for December 2009, thereby reducing our interest expense. Our remaining principal debt repayments are approximately $60 million for 2010, $32 million for 2011, thereafter reducing to approximately $25 million annually while we have no other capital expenditure commitments. The high contract coverage on our fleet generates positive cash flows which are expected to further reinforce our cash reserves while the in-house technical management of our fleet generates significant operational efficiencies and cost savings."

Third Quarter 2009 and 2008 ResultsFor the quarter ended September 30, 2009, total revenues amounted to $33.6 million compared to $65.2 million for the quarter ended September 30, 2008 mainly due to lower charter rates for most of our vessels imposed by the market. Operating loss amounted to $70.7 million for the quarter ended September 30, 2009 compared to operating income of $37.6 million for the quarter ended September 30, 2008. Net loss for the third quarter of 2009 amounted to $72.9 million or $1.19 loss per share calculated on 61,049,760 weighted average number of shares, basic and diluted. Net income for the third quarter of 2008 amounting to $35.2 million or $0.63 per basic share calculated on 55,873,973 weighted average number of shares, $0.62 per diluted share calculated on 56,971,504 weighted average number of shares.The third quarter of 2009 net loss figure includes the following non-cash items:�-- Impairment loss of $75.1 million or $1.23 per basic and diluted share, in connection with the sale of the vessel Star Alpha, which has been classified as an asset held for sale and recorded at fair value less cost to sell.-- A loss of $10.1 million or $0.17 per basic and diluted share associated with a loss on the time charter agreement termination which mainly relates to the reversal of unamortized fair value of an above-market acquired time charter on a vessel due to an early redelivery date. Third quarter of 2008 net income figure includes the following non-cash items:�-- Gain of $1.02 million, or $0.02 per basic and diluted share, in connection with the sale of the vessel Star Iota.-- Net revenue of $16.89 million or $0.30 per basic and diluted share, representing amortization of fair value of below/above market acquired time charters, attached to vessels acquired, over the remaining period of the time charter into revenue.-- Expenses of $0.44 million, or $0.01 per basic and diluted share relating to stock-based compensation recognized in connection with the vesting of a portion of 315,000 restricted common shares issued to directors.

 

[Steve Polychronopolous]

So did they make money or lose money???

Press Release Source: Star Bulk Carriers Corp. On 4:05 pm EST, Monday November 23, 2009 Companies:Star Bulk Carriers Corp. ATHENS, GREECE--(Marketwire - 11/23/09) - Star Bulk Carriers Corp. (the "Company" or "Star Bulk") (NASDAQ:SBLK - News), a global shipping company focusing on the transportation of dry bulk cargoes, announced today its unaudited financial and operating results for the third quarter and nine-month period ended September 30, 2009.Akis Tsirigakis, President and CEO of Star Bulk, commented: "We are pleased to report strong operational results for the third quarter of 2009, exceeding expectations. Excluding non-cash items, Net Income for the quarter was $12.4 million or $0.20 per share and adjusted EBITDA was $28.3 million. Our cost control campaign has generated tangible results, General and Administrative expenses decreased by 37%, while vessel operating expenses decreased by $1.9 million or 20%, compared with the third quarter of last year. Our efforts were aided by the transfer in-house of the technical management of our fleet."During the quarter we further enhanced our Company's financial and operational stability. We secured new time charters with reputable charterers improving the quality and visibility of our earnings and achieving 100% charter coverage for our fleet for 2009, 85% for 2010 and 42% for 2011. Evidencing our strong financial condition, after securing the required consent of our lenders, we declared a dividend of $0.05 per common share, thereby continuing to reward our shareholders with regular dividends."With a young and modern fleet, low debt level, experienced management, efficient in-house technical and commercial fleet management, strong charter coverage and high liquidity, our Company is well positioned for continued growth creating value for its shareholders."George Syllantavos, Chief Financial Officer of Star Bulk, commented: "As of September 30, 2009, our senior debt was $259.5 million while our cash position stood at $63.3 million, translating into a net debt of approximately 25% of our total assets. We have already prepaid our debt installment scheduled for December 2009, thereby reducing our interest expense. Our remaining principal debt repayments are approximately $60 million for 2010, $32 million for 2011, thereafter reducing to approximately $25 million annually while we have no other capital expenditure commitments. The high contract coverage on our fleet generates positive cash flows which are expected to further reinforce our cash reserves while the in-house technical management of our fleet generates significant operational efficiencies and cost savings."

Third Quarter 2009 and 2008 ResultsFor the quarter ended September 30, 2009, total revenues amounted to $33.6 million compared to $65.2 million for the quarter ended September 30, 2008 mainly due to lower charter rates for most of our vessels imposed by the market. Operating loss amounted to $70.7 million for the quarter ended September 30, 2009 compared to operating income of $37.6 million for the quarter ended September 30, 2008. Net loss for the third quarter of 2009 amounted to $72.9 million or $1.19 loss per share calculated on 61,049,760 weighted average number of shares, basic and diluted. Net income for the third quarter of 2008 amounting to $35.2 million or $0.63 per basic share calculated on 55,873,973 weighted average number of shares, $0.62 per diluted share calculated on 56,971,504 weighted average number of shares.The third quarter of 2009 net loss figure includes the following non-cash items:�-- Impairment loss of $75.1 million or $1.23 per basic and diluted share, in connection with the sale of the vessel Star Alpha, which has been classified as an asset held for sale and recorded at fair value less cost to sell.-- A loss of $10.1 million or $0.17 per basic and diluted share associated with a loss on the time charter agreement termination which mainly relates to the reversal of unamortized fair value of an above-market acquired time charter on a vessel due to an early redelivery date. Third quarter of 2008 net income figure includes the following non-cash items:�-- Gain of $1.02 million, or $0.02 per basic and diluted share, in connection with the sale of the vessel Star Iota.-- Net revenue of $16.89 million or $0.30 per basic and diluted share, representing amortization of fair value of below/above market acquired time charters, attached to vessels acquired, over the remaining period of the time charter into revenue.-- Expenses of $0.44 million, or $0.01 per basic and diluted share relating to stock-based compensation recognized in connection with the vesting of a portion of 315,000 restricted common shares issued to directors.

From that, it looks like they had a net loss of $70m, of which $75m was related to an impairment charge (so non-cash).

 

[Aggie 86]

Great article explaining why many of us love Natural Gas right now. Disclosure: I have 500 shares of FCG

http://seekingalpha.com/article/174802-nat...-ride-u-turn-up

1. In the first paragraph he said he watched with amazement the tumble starting in 2008. Then, in the second paragraph, he said he started watching in March 2009. So exactly when did he start watching?2. Later, he says, "Whatever the case may be, the writer believes the markets have already priced in all the theories of Natural Gas boom or bust into the pricing." What the hell does that mean?

Don't get me wrong - big fan of natural gas here. Full Disclosure - I own DVN. But I don't think this article is well written. What part of the article impresses you? What is your take on NG over the next year? $7.50?

 

[Sand]

FEED spiking 7.5% already. The SEED spike yesterday really has no material affect on FEED, so not sure why this is happening, other than day trading pushers. Might be time to cash in.

 

[Mose]

Anyone gonna buy any shippers today? EXM?

 

[george]

FREE down to 1.53. Wondering if it's time to jump back in?

 

[SecondCity34]

Anyone know of a good currency ETF to buy if I think the dollar is going to get stronger?

 

[Random]

Anyone know of a good currency ETF to buy if I think the dollar is going to get stronger?

Try OOF

 

[Ripley]

Anyone know of a good currency ETF to buy if I think the dollar is going to get stronger?

Try OOF

 

[Sand]

Anyone know of a good currency ETF to buy if I think the dollar is going to get stronger?

Try OOF

Seriously, though:UUP Dollar BullishUDN Dollar Bearish

 

[TheWalkmen]

I bought ABT yesterday at $53.28 and sold Jan 55 calls today after they jumped 45%. The stock is at $54.44 now. If I take no action, at what point (and how is the point determined) would the options & stock be called assuming the price jumps above $55 tomorrow or next week?

 

[Sand]

I bought ABT yesterday at $53.28 and sold Jan 55 calls today after they jumped 45%. The stock is at $54.44 now. If I take no action, at what point (and how is the point determined) would the options & stock be called assuming the price jumps above $55 tomorrow or next week?

If I am not mistaken the option would be called at the whim of the entity or person who bought the call.

 

[Random]

Gold just went vertical. $1074/oz

So far, it held.Gold $1093Silver $17.53

Gold $1128Silver $17.75

Gold $1180Silver $18.62US$ 74.51

 

[TheWalkmen]

There is a housing report out at 10AM EST today, which should signal a new home sales increase. I think this may cause FBN to have a nice bounce up from 4.18 today.

 

[Mark Davis]

Gold just went vertical. $1074/oz

So far, it held.Gold $1093Silver $17.53

Gold $1128Silver $17.75

Gold $1180Silver $18.62US$ 74.51

No kidding. I gave serious thought to putting all of my SEP on April 15 when I made my 2008 contribution into GLD and SLV. What a ride that would have been. I've done ok otherwise but nothing like that.

 

[Random]

Mark,

GLD and SLV have their shortcomings (not audited, mostly paper contracts, ect). If you're interested in a physical, secured, audited, insured, outside the US gold and silver ETF give a serious look to CEF. Its about 60% gold 40% silver.

 

[The Ref]

Gold just went vertical. $1074/oz

So far, it held.Gold $1093Silver $17.53

Gold $1128Silver $17.75 :(

Gold $1180Silver $18.62US$ 74.51

In the words of the immortal group Tag Team "Whoop there it is".Start hiding Gold, Silver, Yen, Euro - anything but USD. We are out of the trading channel, have broken resistance to the downside and are heading to the USD 70.Unless we see a rebound on Monday due to low trading volume today/Friday I fully expect the S&P to hit 1250 and gold to climb to 1350 over the medium term.I wouldn't leave a lot of cash on the side right now, but that's just me.

 

[Mark Davis]

Mark,GLD and SLV have their shortcomings (not audited, mostly paper contracts, ect). If you're interested in a physical, secured, audited, insured, outside the US gold and silver ETF give a serious look to CEF. Its about 60% gold 40% silver.

Yes I've looked at them before. Considering that for a longer term holding just to add a little exposure in metals.2009 is going to be a year where I look back and can say I've made money, but not nearly what I should have. Way too many mistakes.

 

[Mose]

I wouldn't leave a lot of cash on the side right now, but that's just me.

Any suggestions? I'm currently in all cash, but nothing is screaming BUY to me.

 

[None_More_Black]

I bought ABT yesterday at $53.28 and sold Jan 55 calls today after they jumped 45%. The stock is at $54.44 now. If I take no action, at what point (and how is the point determined) would the options & stock be called assuming the price jumps above $55 tomorrow or next week?

If I am not mistaken the option would be called at the whim of the entity or person who bought the call.

There is a lottery system where exercised options are assigned on a random basis daily across all brokerages. (each brokerage has their own method of assigning options that is static but necessarily random like a first in first out method. It does not matter who bought your options originally. On expiration day, if the option is in the money is will be auto exercised by brokerages. With many days left to expiration, the time premium on an option will mean it is almost always sold rather then exercised, so I would not worry too much about an exercise 2 months out from expiration but there is a remote chance it could happen.

 

[David Dodds]

I wouldn't leave a lot of cash on the side right now, but that's just me.

Any suggestions? I'm currently in all cash, but nothing is screaming BUY to me.

I added some EXM while I wait in exactly the same situation

 

[David Dodds]

I am about to take a position against GLD here. I know a lot of people like gold here, but I think it's WAY OVERVALUED. No matter what RSI you use, this thing is in the 80s.

RSI (5) = 94.12

RSI (12) = 83.97

RSI (20) = 78.05

There will be a major gold correction, the question is just when. It's hard to play against such momentum, but this can't last.

 

[TheWalkmen]

I bought ABT yesterday at $53.28 and sold Jan 55 calls today after they jumped 45%. The stock is at $54.44 now. If I take no action, at what point (and how is the point determined) would the options & stock be called assuming the price jumps above $55 tomorrow or next week?

If I am not mistaken the option would be called at the whim of the entity or person who bought the call.

There is a lottery system where exercised options are assigned on a random basis daily across all brokerages. (each brokerage has their own method of assigning options that is static but necessarily random like a first in first out method. It does not matter who bought your options originally. On expiration day, if the option is in the money is will be auto exercised by brokerages. With many days left to expiration, the time premium on an option will mean it is almost always sold rather then exercised, so I would not worry too much about an exercise 2 months out from expiration but there is a remote chance it could happen.

Thank you.

 

[The Ref]

I am about to take a position against GLD here. I know a lot of people like gold here, but I think it's WAY OVERVALUED. No matter what RSI you use, this thing is in the 80s.

RSI (5) = 94.12

RSI (12) = 83.97

RSI (20) = 78.05

There will be a major gold correction, the question is just when. It's had to play against such momentum, but this can't last.

I think the floor has been set by the Indian Federal Reserve at 1,060. They have as much cash reserve as anyone and they were willing to buy half of the 4 Ton IMF sale at that price. All signs point to China (less then 2% in reserve, way less then any industrial nation) buying the other half and they will have to pay over the spot price to do so.I'm not saying that Gold wont pull back - but long term the trend is up and will continue to be up until we stop running a deficit and printing money.

 

[The Ref]

I wouldn't leave a lot of cash on the side right now, but that's just me.

Any suggestions? I'm currently in all cash, but nothing is screaming BUY to me.

I don't have any 1 stock I'm in love with right now. I'm spread over EEM, EFA, and UPL - although FCG looks cheaper now that UPL is up today.

 

[The Ref]

Nat Gas has gone vertical over the past 20 min - anyone know whats up?

 

[David Dodds]

sold my FCG at 16.58. With BDI down, I decided to sell my EXM and look for a better spot (I made 3 cents a share to cover the transactions). Back to 100% cash here until after the holidays.

 

[David Dodds]

Baltic Indexes Sliding Back:

Baltic Supramax 2,472 (-0.28%)

Baltic Handysize 1,125 (+1.90%)

Baltic Dry 4,234 (-2.44%)

Baltic Capesize 6,928 (-3.20%)

Baltic Panamax 4,181 (-2.84%)

I am going to watch this next week to try and maximize an entry point for PRGN and EXM. I suspect they will be the two Shippers to own in 2010

 

[Random]

I am about to take a position against GLD here. I know a lot of people like gold here, but I think it's WAY OVERVALUED. No matter what RSI you use, this thing is in the 80s.

RSI (5) = 94.12

RSI (12) = 83.97

RSI (20) = 78.05

There will be a major gold correction, the question is just when. It's had to play against such momentum, but this can't last.

I think the floor has been set by the Indian Federal Reserve at 1,060. They have as much cash reserve as anyone and they were willing to buy half of the 4 Ton IMF sale at that price. All signs point to China (less then 2% in reserve, way less then any industrial nation) buying the other half and they will have to pay over the spot price to do so.I'm not saying that Gold wont pull back - but long term the trend is up and will continue to be up until we stop running a deficit and printing money.

I believe you mean 400 tons.And they came out today and said they are interested at the other half (hello bidding war between China and India).

Link

 

[itriple]

PRGN owners as of opening Friday get the divy. Im holding 5k shares.

 

[Sheriff Bart]

GGN Dividend received 11/23

.14*600=$84

YTD realised profit +$9909.37 132.12%

There is still a .14 per share dividend left for December and they just announced these too:

RYE, N.Y.--(BUSINESS WIRE)--The Board of Trustees of The Gabelli Global Gold, Natural Resources & Income Trust (NYSE Amex:GGN) (the “Fund”) declared monthly cash distributions of $0.14 per share for January, February, and March 2010.

The distribution for January 2010 will be payable on January 22, 2010 to common shareholders of record on January 14, 2010.

The distribution for February 2010 will be payable on February 19, 2010 to common shareholders of record on February 11, 2010.

The distribution for March 2010 will be payable on March 24, 2010 to common shareholders of record on March 17, 2010.

 

[The Ref]

I am about to take a position against GLD here. I know a lot of people like gold here, but I think it's WAY OVERVALUED. No matter what RSI you use, this thing is in the 80s.

RSI (5) = 94.12

RSI (12) = 83.97

RSI (20) = 78.05

There will be a major gold correction, the question is just when. It's had to play against such momentum, but this can't last.

I think the floor has been set by the Indian Federal Reserve at 1,060. They have as much cash reserve as anyone and they were willing to buy half of the 4 Ton IMF sale at that price. All signs point to China (less then 2% in reserve, way less then any industrial nation) buying the other half and they will have to pay over the spot price to do so.I'm not saying that Gold wont pull back - but long term the trend is up and will continue to be up until we stop running a deficit and printing money.

I believe you mean 400 tons.And they came out today and said they are interested at the other half (hello bidding war between China and India).

Link

Ahh 4... 400... 40000000.... whats the differance? It's all a poop ton of gold.

 

[siffoin]

I am about to take a position against GLD here. I know a lot of people like gold here, but I think it's WAY OVERVALUED. No matter what RSI you use, this thing is in the 80s.

RSI (5) = 94.12

RSI (12) = 83.97

RSI (20) = 78.05

There will be a major gold correction, the question is just when. It's had to play against such momentum, but this can't last.

I think the floor has been set by the Indian Federal Reserve at 1,060. They have as much cash reserve as anyone and they were willing to buy half of the 4 Ton IMF sale at that price. All signs point to China (less then 2% in reserve, way less then any industrial nation) buying the other half and they will have to pay over the spot price to do so.I'm not saying that Gold wont pull back - but long term the trend is up and will continue to be up until we stop running a deficit and printing money.

I believe you mean 400 tons.And they came out today and said they are interested at the other half (hello bidding war between China and India).

Link

There is quite a bit of open interest on the December contracts. These contracts represent more than 1/2 of ALL THE OI on ALL gold contracts. These positions also represent claims on more than 24 MILLION OZ OF GOLD. That is more than 3x the amount of gold in the COMEX warehouse.The first notice day for these contracts is this coming Friday. Now if people who hold these contracts wish to take delivery it is going to set up a squeeze, because there are many many more contracts open there there is available gold...gold would rocket higher...which coincides with the seasonal pattern of gold rising the most in December than in any other month of the year.

http://www.seasonalcharts.com/classics_gold.html

I think it might be a good idea to hold off on a short position to see if these contract holders actually want to take possession, or if deep pockets want to manipulate a squeeze for their benefit. You should know by early next week (if not sooner)

I posted a chart a couple of times...60 minute still shows a strong uptrend. Price below $114.75 (GLD) would be a significant violation of the current uptrend...below $113.15 and the trend would be decisively down.

 

[Sarnoff]

Looks like the FEED rocketship is stalling.

 

[rpreswood]

HEB getting a nice bump up today. Anyone know why? Am I the only one still holding this turd?

 

[Buckna]

PAL making a run all day at $3.20 but can't get through.

USD at a 15 month low today.

 

[Das Boot]

HEB getting a nice bump up today. Anyone know why? Am I the only one still holding this turd?

HEB is a perpetual pump and dump stock... there usually is some "rumor" that moves it.I'm still holding some and will likely sell on Monday if it gets any further upward movement.

 

[george]

So, what does the market do tomorrow? Time to load up on Gold or too late?

 

[Sheriff Bart]

Sell Mortimer! SELL!!!!!

 

[joetrow]

OK,

I had to tweak a few things upon implementation. Some of these stocks have no real volume so I scrubbed them off the list (as getting them at a good price would have been next to impossible by buying 1,000 shares). I started buying in the morning the stocks that dropped the most and I kept adding until I had the entire portfolio.

Here is what I purchased:

Acorn Energy, Inc. (ACFN) - Bought 1,000 @ AVG Price = $2.20

Actions Semiconductor Co., Ltd. (ADR) (ACTS) - Bought 1,000 @ AVG Price = $1.70

Advance America, Cash Advance Centers (AEA) - Bought 1,000 @ AVG Price = $1.95

Aehr Test Systems (AEHR) - Bought 1,000 @ AVG Price = $2.27

Anthracite Capital Inc. (AHR) - Bought 1,000 @ AVG Price = $2.32

Arbor Realty Trust, Inc. (ABR) - Bought 1,000 @ AVG Price = $2.96

Benihana Inc. (BNHNA) - Bought 1,000 @ AVG Price = $2.55

BMB Munai Inc. (KAZ) - Bought 1,000 @ AVG Price = $1.52

Books-A-Million, Inc. (BAMM) - Bought 1,000 @ AVG Price = $2.72

Callon Petroleum Company (CPE) - Bought 1,000 @ AVG Price = $2.81

FreeSeas Inc. (FREE) - Bought 1,000 @ AVG Price = $1.80

Gramercy Capital Corp. (GKK) - Bought 1,000 @ AVG Price = $1.52

Grupo Financiero Galicia SA (ADR) (GGAL) - Bought 1,000 @ AVG Price = $2.17

KapStone Paper and Packaging Corp. (KPPC) - Bought 1,000 @ AVG Price = $2.58

NN, Inc. (NNBR) - Bought 1,000 @ AVG Price = $2.87

Qiao Xing Mobile Communication Co., Ltd. (QXM) - Bought 1,000 @ AVG Price = $2.78

Qiao Xing Universal Telephone, Inc. (XING) - Bought 1,000 @ AVG Price = $1.88

Quiksilver, Inc. (ZQK) - Bought 1,000 @ AVG Price = $2.04

Ruth's Hospitality Group, Inc. (RUTH) - Bought 1,000 @ AVG Price = $2.18

Silicon Motion Technology Corp. (ADR) (SIMO) - Bought 1,000 @ AVG Price = $2.66

Soapstone Networks Inc. (SOAP) - Bought 1,000 @ AVG Price = $2.98 (Now SOAP.PK)

Star Bulk Carriers Corp. (SBLK) - Bought 1,000 @ AVG Price = $3.09

Telestone Technologies Corporation (TSTC) - Bought 1,000 @ AVG Price = $2.3

TXCO Resources Inc. (TXCO) - Bought 1,000 @ AVG Price = $2.41 (Now TXCOQ.PK)

Valassis Communications, Inc. (VCI) - Bought 1,000 @ AVG Price = $1.60

Warren Resources, Inc. (WRES) - Bought 1,000 @ AVG Price = $2.72

I spent $58,550. The portfolio is down $310 as I type this (I expected the first day to be down as you generally lose in these small cap stocks by buying 1,000 shares at once and not cost averaging in).

For anyone thats interested, this portfolio if held untill today would be up $43,382 or 71.61% if no changes were made. It looks like your thoughts panned out, but just not short term like you were hoping.Biggest gainer was VCI, if you had invested all $60K into VCI it would be worth $576K. If only we could see into the future.....