Tuesday, November 29, 2005

11/29 CNVR update

...Sold 2/3 of the CNVR position on the run-up today. They are reporting earnings tomorrow, and as a general rule, I don't like to hold trading positions through earnings. This stock has had a really nice run, it is volatile, and there is no telling how the markets will react to whatever news comes out tomorrow, good or bad.
...I'm keeping 1/3 as a longer term holding, not a trade. And once the volatility from the announcements tomorrow calms down, I may re-add a trading position.

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