Thursday, September 12, 2013

A Quick Update - PSMI and ENTR

Just a quick update, with more discussion and explanation to follow.  Yesterday I located two stocks that I felt might add something to the portfolio, so I set up the virtual trade yesterday evening to buy both stocks at the opening price this morning.  The first stock, PSMI, I bought 270 shares of at the opening price of $11.00 a share; and the second stock, ENTR, I bought 498 shares of at the opening price of $4.02 a share.  This brings the total value of the portfolio to $10,328.15, with $2,452.30 in SYNC, $2970,00 in PSMI, $2001.96 in ENTR, and $2903.89 in capital.   Though I neglected to post about it, when it was announced that Volterra was being bought out by Maxim Integrated and VLTR jumped to about $23 a share, I sold my 125 shares of Volterra stock.  Specifically, the stock was sold on August 19, at the opening price of $22.85 a share.  Interestingly, several firms are now bringing suits against Volterra for failing to adequately shop the company; it would seem that some people who bought VLTR at $25 or $30 a share feel like they've been left hanging.  Personally, I'm thrilled to have gotten in just before the sale went through, though I can claim absolutely no knowledge or sense of what was going to happen.  I'm just glad there was somebody who agreed that VLTR was worth more than $16.00 a share.  Anyway, more on PSMI and ENTR to come soon.