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Alex Filonov
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I was born in 1956 in USSR. After graduation from college in 1979 I worked full-time as an IT specialist. Until 1990 I worked for different companies in the Soviet military industrial complex. I created a small software business in 1991, which failed in 1993. I worked for Oracle Corp in 1995 in... More
My blog:
Muddling Investor
  • Closing FIAT: Declaring Victory 2 comments
    Jan 2, 2014 11:31 PM | about stocks: FIATY

    When I bought FIAT (OTCPK:FIATY) in November, I listed my reasons. I also mentioned that I like the stock below $8, but might reconsider if it goes up a lot.

    Now it happened. Stock jumped because FIAT bought the remaining part of Chrysler. I'm not sure that reasons for this jump are valid, so I declared a victory and closed position. 20% in less than two months is good enough, and I'm not sure stock really worth that much.

    Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours.

    Themes: Auto Stocks: FIATY
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  • joshvegas
    , contributor
    Comments (273) | Send Message
     
    I read reasons why you bought FIAT and dont see if something has changed in just two months. Will you consider buying back if the SP goes lower?
    3 Jan, 12:27 AM Reply Like
  • Alex Filonov
    , contributor
    Comments (1412) | Send Message
     
    Author’s reply » Yes, of course I will buy back if it goes low enough.
    3 Jan, 11:13 AM Reply Like
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