sold some more dndn and some loop today to lock profit
(2009-04-21 14:09:49)
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Nice profits from both positions. These two are both my favorites, I am selling some to pay off credit card debt.
loop was bought at 7.07 on 11/03/08, sold at 8.28: 18% profit margin in 5 months. a little profit from 5 months' mental torture. I still have quite a lot of loop left from different price levels. loop is the equivalent of ebay in commercial real estate. It will not BK, it does not have debt and it has a light business model, it is a growth story plus a cash cow. It would be perfect if it pays some dividend.
I am selling DNDN for trade. DNDN will present its detail interim trial data on 4/28/09, a few days later. No one knows how high it could go for these few days. I am guessing DNDN will dip back after the event and before it file for FDA application. I will sure buy back my shares now that its risks is reduced a lot. I still have my core holdings of DNDN that will see the eventual fate of FDA decision. I have a guess of probability of DNDN getting approval. but it is just a guess based on my years of tracking on DNDN stories. I think it is better I keep it to myself.