Friday, December 29, 2006

Another Quick Update

You know what they say about weak hands... So, I sold off Apple (AAPL) yesterday partly fearing what else would come from the options backdating mess despite part of me saying it was unlikely to affect the company. My timing is impeccable, ugh. Today, the company cleared the executive team, including Jobs, and so the stock rebounded sharply.

But, let us not dwell on the past. Today, I continue my buying spree and add TODCO (THE) at 34.27. First mentioned a few weeks ago here, the share price has since come in about 10%. Anyway, it's only a starter position for now. I will likely grow this position in the next month or so, but we'll see how things develop before I do that.

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