Friday, April 11, 2008

Weekly Summary

Another week's progress shows signs of recovery, but it may be false hope:


The remark about "false hope" pertains to GOIP Global, which has apparently done a reverse-split today and changed ticker symbols. That's almost never a good thing. I've cashed otu and taken profit, but when it starts trading again, the leftovers will probably be meager. Since it's presently (over)valued at $750, that will wipe out the value of my current holdings, and erase the profits I've made year to date.

On the bright side, Petel has bounced back from death's door - just last week, I was considering dumping the remainder. Ironically, this is another company on which I've already taken profits. Maybe the lesson learned is to cash out completely?

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