Tuesday, August 09, 2005

The Axe

Got the axe... so, I was on vacation, and I had planned on dumping the Cryptologic (CRYP) position upon my return. Well, as luck would have it, it fell sharply this morning as the company announced that it might lose one of its major customers. The position was small, but the drop was so large that I definitely felt the sting. Taking a nasty 30% loss on that position... ugh. That's some serious sewage on my head. It isn't the first time I was in a stock that took a major dump, and it certainly won't be the last.

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