Thursday, March 25, 2010

Transaction Alert: Adding to GMXR

Today I bought an additional 400 shares of GMXR, bringing my total share count to 1400. This stock looked cheap when I originally bought it on 2/5/2010 for $9.94. Assuming I'm right, at $8.65 it's even more of a bargain!

Additionally, I wanted to bring the position back up to around 10% of my portfolio (10% is a pretty standard bogey for any one stock). Lastly, I have a very large cash stake (about 26K of my 117K portofio is cash after today's purchase), so I'm looking for attractive opportunities to deploy it.