GROW (US Global Investors) - take two

I am giving this name another shot as it appears the stock has found support above the 200 day. The stock traded up sharply on strong volume this week and today when it pulled back in lighter trade I was able to pick up 7,500 shares. I expect to see the stock challenge its old highs in short order assuming the market holds together. There is no way to hedge the position as of yet so if things get sour I will have to sell out the position again.

For a review of the fundamental information see my previous post http://zsramblings.blogspot.com/2007/02/grow-us-global-investors.html

Hopefully this trade will fair better than the last time i trafficed in this name.