Monday, May 11, 2009

5-11-09

Dear Diary,

I just sold out all but one share of CROX at $2.83, based on a narrowing Net Profit Margin and Working Capital of $1.75 a share. My original average purchase price was $8.31 a share last year.

I also sold off all but one share of ICON, based on a narrowing Net Profit Margin at $14.99 a share. This was purchased for $11.74 a share on 4-21-09 a slight gain under the Holy Grail approach.

I sold off also all but one share of JSDA, based on a narrowing Net Profit Margin and Working Capital of $0.67 a share. The sale price was $1.08 a share, up from my original $0.81 a share purchase price.

With proceeds, I purchased CTDB at $0.135, based on Working Capital of $0.39 a share,
AGO at $13.60, based on Working Capital of $21.40 a share and VOXX at $5.04, based on Working Capital of $11.79 a share.

My overall activities are down only 8% against a Dow Average that is down 39% since the crash of 2008. I'm quite happy to be beating both the Dow and the S&P 500 in this market.

Gene