Jiesen tries to take over the world

[Websman]

I just sold the shares of OFG I picked up after the big drop for a small loss, used the proceeds to double up in WSB instead. I couldn't pass up the opportunity to get this for 9.15, and I wasn't quite feeling the OFG trade... perhaps there's more to fall on that one, but WSB is even more undervalued here, in my book, so if I put more back in OFG, it'll be after selling these WSB shares at 11-12.

I'll have to take a look at WSB.
I'm seriously considering buying some ELN while it's down. This could be a huge one.

[mrmarket]

LU may be restoring some shattered dreams as well.

[Websman]

LU may be restoring some shattered dreams as well.

I'm sure Jim Cramer is happy about LU making a .35 move.

[jiesen]

sold XING and bought WSB

reduced my XING position again (~1%) and put it into WSB, since if $9 is a great price, $8 is even better. I'll start worrying if it hits 6.

C'mon, it's a bank! how can a bank with $50M in net assets earning $20M per year be worth less than $60M?

yeah, the bad construction loans are troubling, but they don't have ALL their assets tied up in them...

http://www.twsb.com/up_docs/10qjan.pdf

[spikefader]

careful dude; it's a jungle out there. trade what you see not what you think, and if you see it's bullish, then make sure you set a safety net. Good luck!

[jiesen]

careful dude; it's a jungle out there. trade what you see not what you think, and if you see it's bullish, then make sure you set a safety net. Good luck!

yeah, thanks for the good advice... i've been wrong before (just look at the XING I'm selling here) and it can get costly, but I'm calling this one like I see it, and it looks to me that someone is just dumping this stock and handing me a gift. I'm taking it.

And as for a net, I plan to hold this one as long as it takes. The assets in the bank will be my net.

[jiesen]

bought GFCI.PK

took a very small position (<1%) in GFCI today. the market's been boring me to tears lately, so I decided to give the pennies a shot, looking for at least double or nothing on this one.

[jiesen]

well, my GFCI double is almost here already... that was quick! hmmm, to stay to go? decisions, decisions.

[B.J]

Good job, Jiesen. You got nads of steel with those penny plays Glad it's paying off.

[Websman]

Good job, Jiesen. You got nads of steel with those penny plays Glad it's paying off.

I love penny stocks. It's a great way to make money quick, if you have nerves of steel...or are a Vulcan.

[jiesen]

go UTSI!

I cut back on my XING once again at 5.1 (1% of port) and also sold out of AFT (also 1%) at 3.4. Instead I'm taking a 1% position in UTSI, to hopefully take advantage of a severe overreaction to the recent decline in revenues. The company is trading far below book value right now, and if they can keep above water through restructuring, they should have no problem bringing the stock price right back up to 20 or so. It's a big risk, though, so if it falls any further (below 7), I'll probably bail and put the money back in AFT, if that one's still trading in the 3's. The goal here is to spread some of my XING money around so I'm not overexposed to it anymore, but I want to stay in the telecom sector so I don't miss the inevitable rebound.

UTSI is finally acting like it should. it made 8 so far (I'm up about 10% now). may still have been better off sticking with AFT and/or XING at 3.4 and 5, but we'll see...

[jiesen]

Sold UTSI for 8.5

Got out with a 15% profit. I'm sure it's still undervalued here, but I'm happy with my quick profit here, and am actually still more interested in owning some AFT, so I may put it back into that, or just hold onto my money for awhile. I'll see what the market does, and maybe take some time to think about it.

[jiesen]

bought AFT for 3.65

I decided to stick the money back in AFT. I believe this one has the potential to be a huge gainer, so I'm going to step in here. today's news isn't bad either (300,000 phone deal in Sri Lanka). Saved some cash so if it drops further to the low 3's I may pick up some more, but if it doesn't I'll still be happy with what I have.

[jiesen]

took a very small position (<1%) in GFCI today. the market's been boring me to tears lately, so I decided to give the pennies a shot, looking for at least double or nothing on this one.

sold my GFCI today for about 140% gain in under a month.

can you do that? you, you, YOU?

that was fun, I plan on doing that again!

[Websman]

sold my GFCI today for about 140% gain in under a month.

can you do that? you, you, YOU?

that was fun, I plan on doing that again!

You are truly huge!