My bad: EXPEZ = $9.48

Two days ago, we sold our last remaining shares of EXPEZ at $7.72/share. To be sure this represented a gain of over +72% in a few months. I have also made it clear that this was simply a valuation move and that I still liked Expedia. Another words, I wanted to buy it back again at lower price. I thought it was fairly valued. When we first bought it, it was definately undervalued.

Guess what, I was a little early.
Expedia company just announced that it will be buying back 30 million shares of its own shares! (this represents about 10% of the total company). Wait just a minute, - the company is spending about $600 million dollars to buy its own shares? They must really think it is worth much more than the current price. Of course, they could not do this when the price was much, much lower (like when we bought it). In any case, this is a fantastic news for the stock holders. Companies do not spend this kind of money without really knowing what they are doing.

Today EXPEZ price jumped to as high as $9.98/share!
Had we sold it at this price, we would have had over +110% gain on our investment. My bad. I was a little early - two days early. Bottom line: If anyone still holds EXPEZ, try to sell it at near $10/share (let me know if you do - you lucky sons of xxx, you).

By the way, you should hope that I keep making these kinds of "+70% in a few months" mistakes. I'd rather be a little early than a little late any time.

Trust me, I feel worse than any one of you.

But still --- my bad.

P.S: I will write about RICK over the weekend. (just buy it).
PPS: PRZ went as high as $1.20/share today. Do I hear anyone complaining? We bought this a few days ago at $1.01/sh. This is only the beginning.

Just read the title of my last blog - yes, I am this good.