Loopnet…Selling

Posted by Howard
on September 5th, 2007

I am taking some small losses now in Loopnet (LOOP) in respect of the sheer nastiness of the real estate markets.

I am in no way superstitious and my position is not any bigger than other positions, but it is being plopped into the same pool as homebuilders and financials and I want my money working in winners. I hope it marks the bottom, sure does not seem that way.

I assume I will be back in full at higher prices, and have kept a quarter position on because I am only selling out of being a wussy and having an opinion.

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