Silverleaf Resorts, Inc. (SVLF)

I originally bought into this position at a little over $3 a share,

just before the earnings news that drove it down to 2.

On the way down I did do some averaging, but decided to hold

for the intermediate term (a few weeks to months) because I

felt the over-reaction to the news given at that time was way

overblown. As the events of the previous week testify, I am now

in the green with SVLF and will continue to hold as long as it

continues to perform well. I omitted a stop-loss the first time

around but won't do that again. I think this is a solid bullish

stock now and it should perform well in up, down and sideways

market days. Only time will tell if I'm right. Good luck to all longs.

Had some real nail-biting around $2 a share but was confident

that was the bottom.

I put the time frame as a year or so because after that time

I would be better able to evaluate it in terms of longer-term

performance. Of course hope springs eternal but when all

is said and done, they have to have the numbers you can live

with.

Timeshare company that continues to produce despite a "sluggish" economy. Strong financials, solid growth, solid future. This is a double from $3 within the next 2 years. I would have liked to have put my pick in at $2, but the cap was too low. Oh well.

Full disclosure: I own SVLF