On the last flush down in the market a few weeks ago, I made Acme Packet (APKT) my largest position. It took a few days to wake up but it eventually worked out very well, with a 20% type of gain in 2 weeks. I sold it off in increments, including a sale yesterday in the $32.70s. The stock is already down over 9% from that price point and near the 20 day moving average. Just as I incrementally sold off exposure, I shall do the same with purchases. I will start slow and essentially get back what I sold off yesterday with about a 0.7% addition in the $29.70s area. If the market continues to drop I'll be interested in larger purchases down there near $27. The force is strong with this one.
Long Acme Packet in fund; no personal position
x
Friday, July 16, 2010
Bookkeeping: Buying Back Some Acme Packet (APKT)
Posted by
Mark
at
3:13 PM
Bookkeeping: Buying Back Some Acme Packet (APKT)
2010-07-16T15:13:00-04:00
Mark
Acme Packet|
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Labels: Acme Packet
Bookkeeping: Buying Back Some Acme Packet (APKT)
2010-07-16T15:13:00-04:00
Mark
Acme Packet|
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