We made a good move selling our position in ESLR. Yesterday they announced they were going to need to raise 60M in cash to fund operations and new startups. We avoided taking a larger hit by holding onto the stock, but as a speculative play we can look at picking up more shares at a discount if the stock continues to decline closer to the $1.20 range.
http://news.moneycentral.msn.com/provider/providerarticle.aspx?feed=AP&date=20090520&id=9921375
No comments:
Post a Comment