Monday, July 07, 2008

Quick Update

Well, I'm back in the Bay Area again. I was pretty sick for a couple days over the long weekend, but I'm back to being OK now. Can't say the same for the markets, hah.

Anyway, I put in my final buy on Manitowoc (MTW) at $27 even earlier today, taking my cost basis down to the 32.70's. That's the last money I'm putting into it... let the chips fall where they may. In any case, I'm down significantly on that position thus far, and I know I'm making a good-sized bet here, but looking into the company more, I have to agree with those analysts that say that the sell-off is over done.

I guess, as always, time will tell me if this was a boneheaded decision or not.

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