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larrybaz

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larrybaz

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Re: littlefish post# 574

Sunday, 11/16/2008 1:21:59 PM

Sunday, November 16, 2008 1:21:59 PM

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Littlefish - SMID:

As far as selling SMID goes, I sold almost all on Friday. I had around 28k shares between my trading account, IRA, and my kids' account.

I thought it was a pretty good speculation going into earnings since they had a record backlog as of their last quarter.

KIK didn't scare me out of the stock. It was the earnings report that gave me the chill. They only earned a penny and the backlog went down sequentially.

I don't doubt that SMID will see a higher share price in the future, but I'm not going to have a lot of cash tied up there. It's going to be quite awhile before they report their Q4 numbers, so it could be dead money for some time.

In this business, you win some and you lose some.

Hope all is well with you.

Many huge winners will be found here among the micro-caps. You probably have one in your portfolio right now. There will be many seemingly good reasons to sell it too early.......

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