Monday, August 25, 2014

Increased size: LRAD, EJ

I've previously mentioned my reasons for entering LRAD, which include earnings blow out, conservative management, stock buy backs, and cool products.   This can be a huge gainer if the international growth is sustained.  After the market closed on Friday, we got one more piece of supporting evidence for my Big Gain Hunting thesis --- insider buying.  A director bought last week at $3.03.  If the insiders are comfortable buying here, then so am I.  I increased my position at $3.16 this morning.  The stock price increased significantly after that point on good volume:

EJ: I feel this one is very undervalued so I added 60% to my position. Not much action as of yet.

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