We Got Game!

I would suggest that playing my instincts is at best a 50/50 proposition.  That being said, my last few moves appear to be working pretty well.

I sold SAI at the start of this week for a 5% gain at 15.60.  Since then it has fallen to $15.11

I sold NSU at the end of last week.  Since then it has fallen from 3.33 to 3.18.  Now clearly selling anything has probably been a good move in the past week as the general direction of the markets has been down.  But I also bought GAME at the end of last week for $4.50.  This was a stock I had profiled back in May (MFI Diary: Made In China) as being outrageously cheap, but stagnant.  Then recently (to me) it looked like they were showing signs of emerging from the stagnancy:

• Shanda Games Announces the Launch of "G-Home" Mobile Platform and 36 New Mobile Games in the Pipeline
• Mobile Game "Million Arthur" Becomes Top 3 Among Top Grossing Apps on Apple's App Store in China within 8 Hours

GAME announced their earnings this evening (Shanda Games Reports Second Quarter 2013 Unaudited Results).  While I have only skimmed them, they look very promising and did exactly what I wanted to see - re-ignited their growth.

I will read everything a bit more closely, but my inclination is to hold at least near term.  GAME is purely a discretionary play for me, which means I can trade whenever I feel like it.

Last 2 Days

Yesterday was a fiasco (even with my timely sales) as my portfolio was down 2.3%.  Had a pretty good bounce back today, up about 90 basis points.  I did buy some more HIG  (HIG-WT) and BAC (BAC-WTA) warrants.  otherwise, just standing pat.