Blog Post

Well, the past couple weeks sure have been an interesting ride. I was on vacation, and only had slow, limited access to financial news. So imagine my horror when I find that the bottom fell out on two of my stocks, Jones Soda (JSDA) and The9 (NCTY). In fact, Jones Soda fell so much that my automatic 20% loss stop order was placed for me, preventing me from feeling the full impact of the stock’s drop to $10. Good to know those work – thanks Zecco!

Since my last update, I have sold Fuel Tech (FTEK), Loop Net (LOOP), Jones Soda (JSDA), and The9 (NCTY). Part of this was trimming my portfolio due to the volatile market, and part was selling stocks that had weakened dramatically.

Like most investors, I am still unsure of where the market is heading, and am listening closely for advice from the advisory newsletters I subscribe to. For now, I am holding some extra cash in my portfolio and waiting before buying any new stocks.

Gain as of 08/07/07: 2.1%
Gain of S&P 500 for the same funds: -0.1%
Current Cash Held: 28%
Bought: None
Sold: Fuel Tech (FTEK), Loop Net (LOOP), Jones Soda (JSDA), The9 (NCTY)

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