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.
The information in this blog post represents my own opinions and does not contain a recommendation for any particular security or investment. I or my affiliates may hold positions or other interests in securities mentioned in the Blog, please see my Disclaimer page for my full disclaimer.
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Born in Toronto, lived in Phoenix for 20 years and now in Coronado, CA with a loyal wife (15 years, 14.2 Canadian years), two awesome kids and a dachshund. My current start-up is called Stocktwits and I am a co-founder and CEO. More »
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