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Nearly 1 year ago, on December 13, 2006, I bought some OXPS. It went down, I bought more. Today, it hit my target price and I sold my initial investment, pocketing 30 shares as my profit.

If you search this blog for OXPS, you’ll see I’ve talked about them a few times in the past. I was sold on this stock, and it paid off. However, it now rates a -8.3741 on the NetNagel Stock Index. Time to get out!

Look at the post where I told you about OXPS, PRAA, TIVO and IRBT - each one of them has given me 33% and I’ve sold 3 of them already, pocketing the profits. (I’ve got a 10% trailing stop order on Tivo now, as I’m trying a new strategy - more on that after Tivo sells, but it’s up 44.07% for me so far)

So from the principle that I’ve gotten back, I averaged-down GPIC. They rate 97.0948 on my stock index, and after being down a few times present a great buying opportunity today. I’ve got enough cash in my IRA to either average-down another pick, or open a new position. Still undecided.

This entry was posted on Tuesday, December 11th, 2007 at 2:25 pm and is filed under Finance. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.