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Posts from the ‘Mitek (MITK)’ Category

Week 76: A Few New Directions

Portfolio Performance

week-76-performance

Update: New Positions and My Method

I added starter positions in a few new names in the last three weeks. A couple of these (RPX Corp and Mitek) I have already written about. The other four positions that I started were in YRC Worldwide, AIG, Alon Energy Partner and Nexen.

Apart from Nexen, which was a special situation, the other stock positions are small, and were initiated because I thought the stocks warranted further review. This is my process. I like to add stocks that look promising, which incentivizes me to look at them closer. This technique might not be for everyone, but it works for me.

It’s difficult to explain why the process works for me. When I have some money on the line I tend to churn the idea in the back of my mind, and over time my opinion on the position becomes clarified. I begin to like it more or not at all. If I don’t take a position, I tend to forget about the stock altogether, and my analysis ends without any real conclusion.

Of course in the mean time I do have money on the line, so there is the chance for real gains or losses. But usually these aren’t significant, and anyways, I only do this with names that I have done some initial digging on and have deemed have som promise. I may lose a few dollar or make a few dollars on these positions over time, but any losses I would chalk up to the cost of doing business.

I have since taken a closer look at three of the six. Read more

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Stocks I’m Looking at Part I: Mitek

Over the last two weeks I’ve been focusing on finding new opportunities.  I’ve been posting thoughts about the stocks that I have been looking at through my twitter account (@LSigurd) but I have yet to write about any of them here.  This post is the first in a series I want to do over the next week of brief summaries of my findings.  These posts are not intended to be in-depth analysis as much as they are a broad overview of why I think these companies deserve a closer look.  I am writing them as much for myself as anyone else, before I forget I ever had the ideas at all.

MITEK (MITK)

I rather painfully bought this one at $2.40, sold it on some concerns I had with their revenue model after reviewing the conference calls, and then bought some of them back on the news Wednesday that they had found a partner in US Bank for their new bill paying product. Below are the transactions in my practice account. Read more