Tuesday, December 23, 2008

Bookkeeping: Adding to EZCORP (EZPW)

Posted by TraderMark at 3:47 PM TweetThis
EZCORP (EZPW), our pawn shop/payday lender - has fallen from $18.25 to $14.75 in 4 sessions; it is now hovering just over its 200 day moving average of $14.60. I am going to add to the position here - if the stock closes below the 200 day moving average we'll exit most of the position and wait for a rebound. Fundamentally this is one of my favorite "weak economy" plays for 2009.

Increasing EZCORP from a 1.6% stake to 3.1% with purchases in the $14.80s.

For the market, we're back near where we were yesterday at this time before the last 25 minute "mark up" to save S&P 870. Let's see if "they" (Santa that is) finds a way to pump this market in the last 10 minute to "save" the chart again.

Long EZCORP in fund and personal account

Posted by TraderMark at 3:47 PM

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