Bookkeeping: Closing GeoEye (GEOY)
Reasoning: Complete and utter boredom in regard to the stock's performance for weeks on end.
Reasoning 2: While the stock has not done anything bad, it certainly has done almost nothing good either in these past 2 months while the market rallies endlessly. Underachiever. There are countless companies losing money hand over fist, up 50% in this time frame and I would have been far better served buying one of those. Why I bother with profitable, growing companies is a mystery to me.
Taking our 0.5% stake in GeoEye (GEOY) and securing a minor 4% gain. If past is precedent, the stock should begin an epic rally beginning tomorrow. A close over $26.50 should bring in buyers...
[Aug 10, 2009: GeoEye Beats Expectations on Bottom Line, Slight Miss on Top]
[May 13, 2009: Starting GeoEye on; Should Benefit from DigitalGlobe IPO]
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.