Tuesday, June 8, 2010

Driving thru a spin out: JPT

We got spun out and are drivin' thru with "JPT". Tough day...head down, pedal to the metal, and push through...our "JPT" is Sprint or "S" ticker symbol. We got stuck in this dog before- thought we had a good chance to push through and it bailed on us again. Good Grief! I have no idea why I seem to be convinced this is a 10 dollar stock. Maybe because the 13.7B market cap seems so cheap. We own a "warehouse full" at 5.03 and it's killing us. I just can't believe its not worth at least 35 billion or approx. 12 bucks a share! We are going to "slow roll" this pig and let it juice up a bit...maybe near 8 we dump; however, our huge position is killing our "scalping" game. Something to think about.