Recapping the theme of this blog which is to double $10k in less than one year; I started on December 12, 2011. The account has gone from $10k to $11,523 in that time. The portfolio has one and only one position so far; 525 shares of GEOY. The shares were bought at $19.03 and are currently at $21.95. One of the most interesting things that I have found since 12/12/11 when I started this project, is that an insider has bought more than $12m worth of the stock in the last year, $10m of it coming in the past 3 months. There are all kinds of rumors flying around that the company will be sold in the near future.
At one time this year GEOY was nearly $45, it dropped down to as low as $18. Investors who have owned the stock are selling going into the end of the year for tax purposes, the result is that there has been an artificial cap on the price. In the new year, expect to see investors buying back into the stock. That buying in combination with talk of the company being acquired will propel the stock much higher in January.
Start Date: 12/12/2011
Starting balance: $10k
Current Balance (interday): $11,576
Gain: 15%
MARKET PREDICTION for tomorrow 12/28/2011: DOWN
Prediction Record 3-0
Winning Pct. 100%
At one time this year GEOY was nearly $45, it dropped down to as low as $18. Investors who have owned the stock are selling going into the end of the year for tax purposes, the result is that there has been an artificial cap on the price. In the new year, expect to see investors buying back into the stock. That buying in combination with talk of the company being acquired will propel the stock much higher in January.
Start Date: 12/12/2011
Starting balance: $10k
Current Balance (interday): $11,576
Gain: 15%
MARKET PREDICTION for tomorrow 12/28/2011: DOWN
Prediction Record 3-0
Winning Pct. 100%
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