February 13, 2008
4′337.80 CHF (-161.9 CHF/-0.37%)
Sold my not-volatile FRPT positions at 4.05$ - and to be honest, because I wanted to jump into a share mentioned on thelion.com, which (I noticed afterwards) wasn’t available on my broker platform - DOH.
Second mistake: I saw COIN flying away and bought into the hype/breakout at 10.93$, instead of waiting for a little bounce back.. Next time you see me, please kick my ass for this. Thanks.
Anyways, talking about COIN: this stock seems to be contantly growing and getting stronger. As I have learned today from Tim Sykes DVD, this is more or less a clean and bullish pattern to profit from. Please correct me if I’m wrong, heh.
Summary:
- Sold 1012 long FRPT at 4.05$ (closed 4.06$)
- Bought 360 long COIN at 10.93$ (closed 10.75$)
Update:
Found comments about COIN here and here:
“COIN is not a perfect breakout, but it’s a nice multi-day one. it’s been trying to breakout the past few days, failing every time. this was the first time it spiked into the close. if it doesnt gap up, i’ll sell for a 10-20 cent loss, but the upside is 50 cents-$1″ (Timothy Sykes)
“COIN really surged at the end of the day, and I am going to be looking to short it if it gaps higher at the open tomorrow. ” (The Market Kid)
Update II:
Come on! COIN went AH into the 9.xx area… !@# I should start playing roulette instead of this - I might have better odds.
Update III:
COIN S3: http://sec.gov/Archives/edgar/data/1366340/000095013508000903/b68568s3sv3.htm
“This prospectus relates to the offer and resale by certain of our stockholders and warrantholders, referred to as �Selling Securityholders,� of up to 750,000 shares of our common stock, par value $0.0001 per share, 750,000 redeemable Class A warrants, and 750,000 non-redeemdable Class B warrants that they own or that they may acquire pursuant to the exercise of warrants; and to the initial issuance of shares of our common stock upon the exercise of the Class A and Class B warrants acquired from the Selling Securityholders pursuant to this prospectus. We will not receive any proceeds from the sale of these securities. We will bear all expenses in connection with the registration of the securities.” (Thanks to edj@thelion.com)
Update IV (and the last one, 2am here):
Uff, those news were old (29. January) and the sellers just overreacted. COIN is back to 10.xx, will hopefully recover until tomorrow..
See here
