Wednesday, February 07, 2007

Did you ever look at a position in your portfolio and say, "What the hell was I thinking!" I'm looking at the strange move on Imergent Inc (AMEX: IIG) this morning and thinking, "blips happen". Then I look into my trading log, (click, to see just what the hell I was thinking and find no mention. I dig into the fundamentals and I see things I like. Okay now understand why I got in here. I expected leap forward from this pullback. Gross margins 75% on a service company. That's good. Trailing 12 months ROE 82%, I like this a lot. PE 5, Price to Sales even better 1.26. So what's with that trading blip on an earnings announcement. Could only be 1 thing, insiders want out. Dump it! Bye-bye.



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