Friday, August 21, 2009

160% Gain!

Dear Diary,

I just sold out my MNTX position for $1.95 a share, based on Working Capital of $1.97 a share. This represents a 160% gain over a holding period of just under four (4) months.

I reinvested the proceeds into ETFC at $1.43 a share, bringing down my average purchase price from $2.45 a share to $1.64 a share. This position is to be sold at Working Capital of $19.48 a share. All trades do not include minimal brokerage fees.

My overall investment activities are down only 1% since the crash of 2008-09 with multiple prospects for 100% gains or better in the coming months.

Gene