For the past two weeks or so, we have seen very possitive markets. One thing that concerns me as an investor is a run-up in stock prices over a short period of time. Depending on each individual's "comfort level", this may be a good time to take some profits.
Here's a recap of the securities mentioned in this blog and previous emails:
Brigham Exploration Co. (BEXP): On 3/28/06 at 9.20, today at 6.16, down 33.04%. I'm staying with it, too late to cut losses.
M I Homes Inc. (MHO): On 8/7/06 at 35.04, today at 37.21, up 6.19%. Broke above the 50 and 200 day moving averages, looking good at this time.
Simpson Mfg. Co. Inc. (SSD): On 9/20/06 at 27.07, trading today at 35.20, up 1.58. A gain of 30.03% in just over 4 months. Cautiously content with the results, may take some profits.
A S V Inc. (ASVI): On 10/19/06 at 16.60, today at 17.06, up 2.77%. Hanging in there, no action.
Smith A O Corp. (AOS): On 12/7/06 at 36.06, today at 39.03, up 8.24%. Staying with the long position.
Kemet Corp. (KEM): On 1/25/07 at 7.56, today at 7.79, up 3.04%. Still looks good, price at a 3 month high after setting a nice base. May add to the holdings.
It has been a very exciting time for the investment community. As we all know, unforeseen events and profit taking could erase the smiles off our faces and turn them into tears, along with the sudden disappearance of any "paper gains". I don't see anything wrong with cashing in profits when everyone else thinks the markets are on an endless ride up... nothing rises forever.