Bought more ACU, SAFM, sold CRYP
I added to my holdings of Sanderson Farms Chicken
because its price had declined 25% or so from my initial purchase, and I like
this company. As long as they don't get a bird flu catastrophe, this looks like
a pretty sure moneymaker for years to come. I also bought more of Acme United,
the scissors maker, because they had dropped a bit from last July -- when, if
you remember, I sold a portion of my holdings because it had gone up more than
seemed warranted. Now I buy them back cheaper! That's how it's supposed to
work -- but this strategy has murdered me with CEDC, which never has had the
courtesy to plummet after I sell so I can buy it back
cheaper.
I also sold some of my
Cryptologic, because they are paying their executives way too much money, and
they had kind of a snotty letter to shareholders who complained about this
practice. I kept about half.
SAFM
looks like a safe investment with excellent doubling prospects. If they drop
more, I'll buy even more. I listened to their conference call, and I like their
no-nonsense attitude, too.
Filed Mon - January 9, 2006, 04:52 PM in
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