What a crummy market. It has gotten very painful, but despite the carnage out there we did not really have too bad a week. MIVA is our biggest dog, but we are hopeful that it will rebound–it will just take time. A number of companies we are watching warned on earnings over the last several weeks, got hammered and could be buys–if this market ever looks like it will turn around. Last week we had 2 up, 7 down, 1 even. Since the start of the year we are still 10 up and 3 down and 1 even. No buys or sells this past week.
CAW-(Buy price $9.45, Valuation $18.40). Closed down $.43 for the week at $9.98. Yield about 3%. Up 6% so far. HOLD.
QADI-(Buy price $6.93, Valuaton $11.86). Closed at $7.70, down $.15. Up 11% so far. HOLD.
PDLI-(Buy price $19.31, Valuation > $30)–Closed at $17.26, down $1.44 from last week. Now down 11%. Still a BUY.
MIVA-(Buy price $3.80, Valuation $9.10). MIVA closed at $2.80, down $.75 from last week. It was a bad time to issue a warning. Now down 26% on this one. HOLD.
Datawatch-(Buy price $3.66, Valuation $9.31). Closed at $3.60, up $.12 from last week, still a loser–down 2%. The discount to the valuation is just too big. Still a BUY.
Inforte-(Buy price $4.11, Valuation $7.32). Up $.14 to $4.79 last week. Still up 17%. HOLD for $6.00.
Linn.ob-(Buy price $.36, Valuation $.79). Closed at $.36, even on the week and YTD. Still a BUY.
OPTO.ob-(Buy price $1.25, Valuation $2.88). Closed at $1.26, down $.04 from last week. Weird trading on Friday again. Jumped to $1.51 on about 20,000 shares, than dropped to $1.26 when someone put 10,000 shares for sale at $1.31–and only got 500 done. Gut says to snap these up if they are still available on Monday–but this market is too scary to buy anything right now. In the plus column up 1% to date. BUY.
AVSO.ob-(Buy price $1.19, Valuation $3.81). Stock fell another $.10 from last week to $1.95. Now only up 64%. BUY
CTIG.ob-(Buy price $.27 ask, Valuation $.82). Ask price jumped to $.45 last week. Closed at $.35. Cash is $.28 per share. Up 67% (based on asked price). HOLD.
IYXI.ob-(Buy price $1.91, Valuation–over $3.00). Closed down $.02 from last week at $2.65, up 39% so far. Jumped $.20 one day last week–then the market took over. Maybe some good news on quarterly results coming? HOLD