Wednesday, June 13, 2007

Collective2: NLST out

The last six plays have all closed for losses, turning May and June into disappointing months. However, the most recent loss from Netlist (NLST) was unfortunately the greatest. It is unclear as to whether the low of the day was $2.81 or $3.00 - but the point is mute given Collective2 has registered it as a stop sale. The 2,000 share position closed for an unwelcome -$1,039 (-15%) loss. This is the third play of 117 to register a loss greater than $1,000. Two positions remain, bringing the equity exposure down to 20%. Cumulative losses for the last six picks stands at -$2,760 with +$2,284 held in unrealized gain.