Tuesday, November 07, 2006

Kong Add-On

I've had a small (and, losing) position in Kongzhong (KONG) in the Long-Term Portfolio. Today, I doubled up on the position at 8.70. Gaamblor has been pretty big on it, and I've felt for a while that KONG has a real chance of making it big one day, otherwise I would have already sold it off.

Even after doubling up on it, it's a small position. That's the way I like it when it comes to speculative positions.

Original cost basis: $12.90
New cost basis: $10.80

In the previous day's comments section, I wrote briefly about this move. So, anyway here we are.

1 comment:

gaamblor said...

so thats what killed the rally today...