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OklaBoston (68.87)

LOGM

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October 16, 2009 – Comments (0)

I'm doing something a litle bit wierd now. Having gotten an alert telling me I'm now the score leader in this stock, I decided to take another look at it to see if I wanted to modify my comment on it. What I found was that the reason for my underperform pick is no longer applicable. That the stock appears to have come through the profit-taking phase the large majority most IPOs experience, and that the company's insiders are holding on to the huge majority of the shares they obtain by exercising options.

 I am going to remain extremely skeptical about IPOs that are less than 6 monhs old, but I don't want that skepticism to turn into rigidity. So I am ending the pick that got me a "Score Leader" charm.

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