It is our belief that we are headed into an increased period of equity volatility and that owners of stocks will want to make sure they believe in the companies, the products, the strategies, and the managements of the stocks they own as the next few years may not be nearly as easy (in hindsight) for equity returns. There are two “little” stocks that I have bought with low conviction (and plenty of caveats) that i am now going to sell, both being losers as I can honestly say that the catalysts for which I bought them no longer stand. To refresh:
New Trade – SIRI: Live! With Regis
on Dec 24th, 2013:
TRADE: Bought SIRI stock at $3.58
Action Now: Sell to Close SIRI at $3.23 for a .35 loss
And
New Trade – RENN: Rising IPO Tides To Lift All Dingies?
On April 16th, 2014: