Wednesday, February 27, 2008

Not Good

While it was another good day for my portfolio helped by strong earnings from VSNT (Versant Announces Record Quarterly Net Income of $2.6 Million), I need about 20 more straight similar days.

The bad news is with IAR, which is down a mega amount since I bought it several months ago. They had suddenly fired their CEO last week as I mentioned two days ago. They had also recently lost their CFO and another top financial person. Today their new CEO is resigning due to health (John J. Mueller Resigns as Idearc Chairman and Chief Executive Officer for Unforeseen Health Reasons). So they are basically losing a number of very key employees in what is already an extremely challenging environment. They have been placed under negative watch by S&P (S&P Lowers Its Outlook on Idearc). Now Moody's is looking at them as well for a possible downgrade. I am starting to feel very queasy about IAR.

I had mentioned a while back that I started two "Under $10" portfolios in December and January. They are both beating the benchmarks, despite one of them having the TGIS meltdown. The 2nd one should pop tomorrow as DBRN had great earnings.

SymbolShrsPrice PaidTradeGain
-

-

7.88

1,269

$10,012.41

ALOY1,2697.887.89Up $12.69Up 0.13%
-

-

4.27

2,342

$6,862.06

CHCG.OB2,3424.272.93Down $3,138.28Down 31.38%
-

-

5.15

1,942

$14,739.78

GVHR1,9425.157.59Up $4,738.48Up 47.38%
-

-

6.45

1,550

$8,649.00

HLYS1,5506.455.58Down $1,348.50Down 13.49%
-

-

87.11

1

$79.89

IWV187.1179.89Down $7.22Down 8.29%
-

-

10.68

936

$10,258.56

KG93610.6810.96Up $262.08Up 2.62%
-

-

4.98

2,008

$10,160.48

NOOF2,0084.985.06Up $160.64Up 1.61%
-

-

7.95

1,258

$10,001.10

PBH1,2587.957.95 $0.00 0.00%
-

-

6.47

1,546

$5,083.25

TGIS1,5466.473.2880Down $4,919.37Down 49.18%
-

-

8.73

1,145

$10,648.50

VPHM1,1458.739.30Up $652.65Up 6.53%
-

-

10.02

998

$10,199.56

WSTG99810.0210.22Up $199.60Up 2.00%
-

-

-

-

$96,694.59

Total (USD): ---Down $3,387.23Down 3.38%

SymbolShrsPrice PaidTradeGain
-

-

1.83

5,464

$6,447.52

BVSN.OB5,4641.831.18Down $3,551.60Down 35.52%
-

-

3.90

2,564

$7,512.52

CHCG.OB2,5643.902.93Down $2,487.08Down 24.87%
-

-

10.20

980

$12,318.60

DBRN98010.2012.57Up $2,322.60Up 23.24%
-

-

9.82

1,018

$14,282.54

FTD1,0189.8214.03Up $4,285.78Up 42.87%
-

-

6.20

1,613

$9,000.54

HLYS1,6136.205.58Down $1,000.06Down 10.00%
-

-

9.53

1,049

$9,598.35

HIRE1,0499.539.15Down $398.62Down 3.99%
-

-

5.43

1,842

$13,409.76

MTEX1,8425.437.28Up $3,407.70Up 34.07%
-

-

5.10

1,961

$9,922.66

NOOF1,9615.105.06Down $78.44Down 0.78%
-

-

7.25

1,379

$10,963.05

PBH1,3797.257.95Up $965.30Up 9.66%
-

-

4.07

2,457

$11,744.46

SIMG2,4574.074.78Up $1,744.47Up 17.44%
-

-

8.90

1,124

$11,487.28

WSTG1,1248.9010.22Up $1,483.68Up 14.83%
-

-

1.53

6,536

$12,353.04

WON6,5361.531.89Up $2,352.96Up 23.53%
-

-

81.48

1

$79.89

IWV181.4879.89Down $1.59Down 1.95%
-

-

-

-

$129,120.20

Total (USD): ---Up $9,045.10Up 7.53%