Tuesday, May 22, 2007

Dumped the Donkey of the Day

The portfolio Donkey has been Kongzhong (KONG) for quite some time. Luckily, it was never a large position, and for the most part has been the smallest position, and not just because of the continual share price drop.

Well, it is no more. I dumped KONG today at 5.70. It's basically time to throw in the towel on that one. Percentage-wise it was a horrendous loss. In absolute terms, the loss was not too big a deal. Anyway, that's all I wanted to say.

Edit #1

Sold off American Eagle Outfitters (AEO) at 28.21, which I puchased back in December of 2005.

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