SMOD (Smart Modular Tech Inc)

Jan 19, 2007

Yesterday (Jan 18th) the company offered a secondary priced at 12.50 which was significantly below the previous day close. The stock has had a strong run going into the offering and seems to be turning its fundamentals around nicely. After the pricing, the stock was a bit weak but the overall market was holding up early in the day. Since I got a small allocation on the deal I decided to buy 10,000 shares as a trading position. I expect a turnaround in the next few days as the stock should work off the excess supply and move back into line with the improving fundamentals.

Feb 14, 2007

After slowly trending up as a profitable position, the stock fell out of bed this week and I decided to go ahead and cut it quickly to protect my capital. I took a loss on the position and it was a bit difficult to exit as I had trouble executing the sell. The bid kept moving every time i put any stock out there so it took me two days to execute and I wasn't happy with the price i got.