When markets took yet another swan dive yesterday, I was fine.
It's days like today that are tough. If we had more cash, I would've topped up all our current positions yesterday and bought into three new companies I've been watching. And of course today they all popped, with a couple of the names up more than 20%. One of those companies is Data Group Income Fund, who released second quarter earnings this morning.
The numbers were pretty good and the conference call starts in 3 minutes. I've been waiting for this one all quarter so I'm pumped. Why yes, I am a geek.
Disclosure: This post should not be interpreted as investment advice as I am NOT a registered investment advisor or financial planner. Get off yer butt and do your own research and due diligence before making any investment decision :)
And anyway, do you really want investment advice from someone who looks like this before her morning coffee?
Update at 8:30am pst: Just got off the Data Group conference call. Very impressed. Second quarter numbers are solid and guidance was excellent re: upcoming conversion and stability of the distribution.
After my recent fiascos with Yellow Media and Bio-Exx, I have grown very skeptical of the crap that many CEO's/CFO's spew to their retail investors. That being said, both officers of Data Group (Michael Suksi and Paul O'Shea) were very forthcoming - I got the info necessary to be confident about holding this name in our portfolio. Again, do your own dd.
Nice pick! That was quite the hit yesterday! I was found, once again, short of cash to take advantage of it. Still, I think my recent partial move into gold stocks will keep me from feeling the full hit. Gold is glittering!
Posted by: Croft | August 09, 2011 at 10:24 AM
Mexi-Croft - We don't hold any gold although I was looking at Silver Wheaten a few months ago.
These volatile markets are interesting - but they'd be so much more fun if we had some extra cash lying around :)
Posted by: kelsi | August 09, 2011 at 01:12 PM