Monday, September 13, 2010

Bookkeeping: Sold a Good Part of Spreadtrum Communications (SPRD)

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"Captain... it's froth! Surrounding us.  We'll need hyper speed to reach escape velocity!  Only the cloud can save us... anything cloud is our savior."

My gosh... Friday I bought some Spreadtrum Communications (SPRD) as it came back to support near $11.  Threw on a $12.20 sell limit order today just for kicks... and it has executed.   Darnit, I knew I should of put half the fund's assets into SPRD last week ;) ...  oh well, gained 10% in 1 market day on what I had.  Not going to turn that down... that annualizes to... err 2500%.


Ah this brings back memories of 1999 when you could do this trade 8 out of every 10 days.... I was a genius back then... pure genius.  Then I got 2000'd!

It feels like a feeding frenzy in the same 30-35 names or so right now...anything 6 degree of cloud by decree must go up 3-5% every day.

Let me remind readers I am turning myself into a cloud... I want to value myself at 4x more than I did yesterday.

Sincerely,
TraderMarkCumulus

Long Spreadtrum Communications in fund; no personal position


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