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Woo Hoo! A Spiffy-Pop!

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March 24, 2011 – Comments (4)

Unless I missed one somewhere, I scored my first spiffy-pop today.  Spiffy-pop is a term coined by TMF and means the stock price jumped by more in one day than your purchase price.

The stock?  NNBR.  I bought some near the market bottom at $1.14 a share.  Sold most of it to lock in gains a few months later, but held on to some trophy shares.  Today's pop of $1.21 makes this a first, but hopefully not last.

I didn't see any news or any reason for the nearly 8% move today.

Sorry, no investing intelligence here, just a blog post to mark the occaision.

Fool on!

Russ

4 Comments – Post Your Own

#1) On March 24, 2011 at 11:27 PM, rondo1982 (< 20) wrote:

GPL screwed over its shareholders today.    Stock would have soared thru $5 today and went to $6+ when silver hits 40.  Now they made a stock offering of $4.20 of 5 million shares.  Talk about killing the mojo!  This stock was poised to double in six months.   Now who nows?   

 

rondo1982

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#2) On March 25, 2011 at 2:50 AM, ikkyu2 (99.31) wrote:

Nice work, Russ.  After the train wreck this stock had drifted off my radar.  What was that other small specialty chemical stock you liked - HWKN?  I'm going to go see what that's up to. 

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#3) On March 25, 2011 at 6:22 AM, TMFBabo (100.00) wrote:

Congrats! I can only hope to have my own someday.  It's a pretty impressive feat. 

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#4) On March 25, 2011 at 7:21 PM, rd80 (98.38) wrote:

HWKN is it.  It had an earnings miss last time up and took a hit to the share price.  Valuation is currently a little high at 17 times ttm, but I think it deserves a premium to the market.

On the plus side, it has a characteristic we both like a lot - solid balance sheet with zip on the debt line.

It pays a semi-annual dividend and often kicks out a special divvy with the second payout for the year.

I own some HWKN.  No plans to buy more.  No plans to sell any either.

I'd be very surprised if I ever see a spiffy-pop with HWKN - about the only chance for one would be a buyout.

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