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Thursday, July 26, 2007

Sold BakBone Software (BKBO)

I sold the last of my BakBone Software (combined links) and put the money into Strathmore (combined links) and CXTI (combined links). It's not that anything's wrong with BakBone, but it's just that I like the other investments better. BakBone ended up being a slight gain.

UPDATE same day:
I guess the market overall went down today. No big surprise. I don't generally try to predict stock prices, but it seems to me that bull markets tend to rise slowly and fall fast while bear markets tend to fall slowly and rise fast. I see a lot of minor indicators that, to me, indicate a good future economy despite the hype about subprime, trade imbalances, global warming, or the lack of any good music for the first time since the 1950s. In fact, I get a sense that we're still in the middle of the same larger bull market that's been going on since the end of the 1970s, that historians might look back on 1980 to 2020 (or so) as the rise of the global middle class. That's just my guess. I don't put any money on it.

And while I'm predicting, I definitely see the Internet as causing all sorts of major revolutions in how things are done and the most of it hasn't happened yet.

Hey Bruce...you write a lot about pink sheet stocks. I've written on some at my blog as well. I was wondering if you know LMNR, BLMC, or MMTRS.

LMNR doesn't report financials. I didn't see anything on their website.

BLMC is oil and gas. Not interested.

MMTRS is an interesting security to look at but I have no idea what the revenue stream will look like going forward. I'll give it some thought.
I called LMNR and they sent me the last annual report. It's an interesting company but I don't think that I am ready to invest in what is essentially a play on California real estate right now.
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