Weekly Summary

This past week was murderous to my portfolio - though given the performance of the entire market, I don't think I'm alone in this predicament:


Given the way things are going in the overall market, I'm going to have to deviate from my general strategy of dumping a position when it falls below 50% of its original value. Otherwise, I'd be dumping about half of my portfolio: DEXI, FEEC, RAD, IVAN, and FRE.

The wise guys are saying that this is the time to buy, as you'll make a killing when the market recovers. While that sounds like good advice, they've been saying the same thing for the past month, and anyone who's done so is sorely regretting it.

I'm going to wait for a full week of positive movement before I get any deeper into the markets, and I'll hold onto what I've got in hopes of recovering some of what I have already lost.

Weekly Summary

Another week has gone by, and the ups and downs in my holdings have once again balanced out:


SOYO has puts its toes across the point of no return (a 50% loss) and I will be looking to unload it and cut my losses unless there's some significant development in the next few days; GOIG has been there for a while, but it's so thinly traded that it's impossible to unload my shares at any price.

On the brighter side of things, I'm beginning to consider when to take profit from KKD, which has shot upward but seems to have reached a new plateau, and FEEC, which I already cashed out my original investment, and whose star also seems to be fading in recent weeks.

FEEC Cashout

Shares of Far East Energy have risen sharply over the past two weeks, and it's gotten to the point where I can cash out and make a tidy profit, and so I did:


I still hold 500 shares in the company, so I can reap even more profit if it continues to grow at this rate - but I'll lock in some profits in case it takes a turn for the worse.

Weekly Summary

In spite of the turmoil on the big boards, my portfolio has edged back into the black this week:


This week's biggest gainers were KKD and FEEC - but I can't see a reason for that: neither has updated their financial statements or announced anything particularly positive, and the trading volume has not been unusual for either.

Weekly Summary

This week has been up and down, and the net result is not much of a change, overall:


In particular, Petel, Inc. has pretty much established itself as a loser - I keep saying that I'll hang onto the "free" shares I have, but they keep sliding downward, and it might make sense to unload them before their value is less than the commission to get rid of them, and Far East Energy has been doing well overall, though it ended the week with more of a whimper than a bang.

Otherwise, my positions are all either doing "good but not great" to "bad but not rotten."

Far East Energy (FEEC)

Company:	Far East Energy Corporation
Web Site:	http://www.fareastenergy.com
Purchase Price:	$0.42
Current Price:	Click Here

Far East Energy Corporation is a domestic firm (headquartered in Houston) that is working with to develop the natural gas reserves in China's the Shanxi Province, where there are considerable unexploited reserves of natural gas and coal.

After a lot of hype, the price of the stock soared to a peak of $1.60 summer, but speculators lost patience while waiting for the company to test and prove the production capabilities of an area hyped as having the potential to become one of the largest and most profitable sources in the world.

The company has recently completed a four-month exploratory study of the region, and the results have been positive, and I expect that the fever could catch again, and the price of the stock could go back to those same levels. And so, I'm getting in early and hoping to cash out on the next wave of enthusiasm.