Sold: IGLD $9.50/sh
Tomorrow morning, I will be meeting with the urologist.
Plain and simple; wish me major luck.
It doesn't help anyone if I am lying in the hospital with needles sticking out of me. For one reason or another, god has chosen this road for me to travel. And guess what, I will gladly walk this line until I am absolutely down and out. You know me by now - it's not that easy to put me down. And this is all I have to say, " Let's get it on!"
IDWD: This one is on fire lately. The buying pressure will persist at least until next week. Here's latest:
ORLANDO, FL--(MARKET WIRE)--Nov 21, 2006 -- IDS Worldwide, Inc. (Other OTC:IDWD.PK - News) HLS has informed IDS that it will proceed with the tender offer of $2.35 per share for the outstanding shares of IDS common stock following the completion of the spin-off of IDS 995ad.com division. IDS 995ad.com division is a separate asset that is not part of the HLS $2.35 cash buyout of IDS common shares. IDS has received numerous requests to issue the following clarification. Investors purchasing IDS common shares at this time still qualify for both the $2.35 per IDS common share and the 995ad.com spin-off shares.
IGLD: Acetrader sold half of our holdings at $9.50/share (up +80% from our buy). For now, I expect to sell the other half at near $12, next year sometime. However, this needs to take a breather soon too. If it falls too much, I am ready to buy more too.
STMP: Nice jump in price today. A new coverage on Stamp.com was initiated by the First Albany. More coverage is good for us. I feel some of you did not get this one yet. Try your best to own the portfolio instead of buying just one or two that you like.
Traders: Since I will be in the hospital tomorrow, I won't be trading. But, I did short BIDU near the close at $115.97/share. If it move higher, and it might, I will short some more. I expect this to fall by at least $5 or so. Just so you know, BIDU is the Google of China. It is a very promising stock that I think is ready to take a rest. Google jumped today and this followed - and I was watching it and shorted it. Take a look.
P.S: Despite my sell advise, I know that some of you might decide to hold on to IGLD. You may be right or wrong, but know this: "Diversification is the only sure way to success". I say this because many of you only hold some of our shares. Acetraders portfolio never holds more than a dozen or so stocks. Most money managers show a portfolio of 50+ stocks (that's stupid) and they don't even actually own them (crazy). We are very real and copyable. That was the main attraction, wasn't it?
PPS: EXPE has been going up in a hurry and it looks a bit tired. Although this is nowhere near the eventual top, I think it will take a rest too. If you so dare, take some profit on EXPEZ and buy it back later. For most of you, just hold (don't be fancy). EXPEZ will go beyond $10 mark next year.
Plain and simple; wish me major luck.
It doesn't help anyone if I am lying in the hospital with needles sticking out of me. For one reason or another, god has chosen this road for me to travel. And guess what, I will gladly walk this line until I am absolutely down and out. You know me by now - it's not that easy to put me down. And this is all I have to say, " Let's get it on!"
IDWD: This one is on fire lately. The buying pressure will persist at least until next week. Here's latest:
ORLANDO, FL--(MARKET WIRE)--Nov 21, 2006 -- IDS Worldwide, Inc. (Other OTC:IDWD.PK - News) HLS has informed IDS that it will proceed with the tender offer of $2.35 per share for the outstanding shares of IDS common stock following the completion of the spin-off of IDS 995ad.com division. IDS 995ad.com division is a separate asset that is not part of the HLS $2.35 cash buyout of IDS common shares. IDS has received numerous requests to issue the following clarification. Investors purchasing IDS common shares at this time still qualify for both the $2.35 per IDS common share and the 995ad.com spin-off shares.
IGLD: Acetrader sold half of our holdings at $9.50/share (up +80% from our buy). For now, I expect to sell the other half at near $12, next year sometime. However, this needs to take a breather soon too. If it falls too much, I am ready to buy more too.
STMP: Nice jump in price today. A new coverage on Stamp.com was initiated by the First Albany. More coverage is good for us. I feel some of you did not get this one yet. Try your best to own the portfolio instead of buying just one or two that you like.
Traders: Since I will be in the hospital tomorrow, I won't be trading. But, I did short BIDU near the close at $115.97/share. If it move higher, and it might, I will short some more. I expect this to fall by at least $5 or so. Just so you know, BIDU is the Google of China. It is a very promising stock that I think is ready to take a rest. Google jumped today and this followed - and I was watching it and shorted it. Take a look.
P.S: Despite my sell advise, I know that some of you might decide to hold on to IGLD. You may be right or wrong, but know this: "Diversification is the only sure way to success". I say this because many of you only hold some of our shares. Acetraders portfolio never holds more than a dozen or so stocks. Most money managers show a portfolio of 50+ stocks (that's stupid) and they don't even actually own them (crazy). We are very real and copyable. That was the main attraction, wasn't it?
PPS: EXPE has been going up in a hurry and it looks a bit tired. Although this is nowhere near the eventual top, I think it will take a rest too. If you so dare, take some profit on EXPEZ and buy it back later. For most of you, just hold (don't be fancy). EXPEZ will go beyond $10 mark next year.
posted by Jaewoo | 9:31 PM
4 Comments:
Can somebody explain me how come IDWD didn't jump up to 2.35 as soon as news came out?
To me IDWD = 2.35 + ??? (for spinoff)
I can see only 2 reasons for price to be still so low:
1. Possibility that deal breaks (seems to be very low, i'd say <10%)
2. Some ppl don't know about it and still have old limits.
Do I miss something here? Help!
Ivan:
If you've been following this for a while, you will know that the reason is more #1 than #2. Not some, most people do not know about IDWD and its dealings. But enough people know to push the price up if they all believe in the story. I feel that many investors are wary about this deal until it happens.
Jaewoo:
I have been reading your blog for the last couple of months and they are great! I like your investment style (similar to mine but more aggresive), but mostly I admire your courage and hope you best luck in fighting with the cancer.
I got in XMSR(avg $11), and NTE($11.5) with your recommendation. I just sold NTE and half of XMSR for a nice gain. I guess I own you a steak dinner! I am also holding MATK($22). All the good news aside, I feel the current market is close to the top, the VIX index dropped below 10 for the last 2 days. What do you think will be a good idea to hedge the market? Maybe buy some puts on NASDAQ or S&P500?
BTW, I am also watching BIDU Mar07 puts, it is up way too fast. I will probably take a position in RICK in the next couple of days.
Thanks,
Dennis.
Dennis:
I am glad you've done well with this blog. I agree with the short term outlook. I prefer to utilize QID if you're bearish on the market vs. buying puts. I like to wrire options instead of buying them (play the house).
Keep up the good work buddy.
Waiting for my juicy steak someday...
Post a Comment
<< Home