Tom Armistead's  Instablog

Tom Armistead
Send Message
I am a retired accountant, having spent the early years of my career in the insurance industry and the later part in the field of accounting. My insurance experience has given me the willingness to accept investment risk if I feel the return justifies it; also, an interest in applying risk... More
My blog:
Tom Armistead's Instablog
  • What I Was Doing This Date Last Year  0 comments
    Mar 9, 2010 12:28 PM | about stocks: HTCH, TESS, MBI

    Keeping notes of my investment activity on a daily basis, it is interesting to see what I was doing a thinking a year ago at the bottom. I use ACT!, a contact manager. Here are my notes from 3/9/2009:

    bought 500 HTCH @ 1.40

    Directors are buying, thought I would average down a bit here. This brings me up to 3,500 shares. BV is down to 16.91 per share but still leaves a lot of upside if the business is in point of fact viable.

    Bought 100 TESS @ 5.60

    MBI - Form 4's for Warburg Pincus, Kew Song Lee and david Coulter, the same 2,700,000 shares, acquired 2/5 and 2/6 at around 2.50 per share. This is getting serious, if MBIA continued to buy during this quarer, and then you have Warburg picking up more, things could start getting mighty tight for short-sellers.

    MBI listed as a top gainer with low friction - it takes very few shares bought to incerase the price. That would be about elasticity of demand - higher prices don't elicit more supply..


    Disclosure: Long MBI

    Stocks: HTCH, TESS, MBI
Back To Tom Armistead's Instablog HomePage »

Instablogs are blogs which are instantly set up and networked within the Seeking Alpha community. Instablog posts are not selected, edited or screened by Seeking Alpha editors, in contrast to contributors' articles.

Comments (0)
Track new comments
Be the first to comment
Full index of posts »
Latest Followers


  • $CRC filed 8-K, they amended their covenants. Being thrown out of S&P 400 mid-cap index, OXY unloading its remaining shares, I added today
    Feb 24, 2016
  • $CRR just noticed a form SC 13G, Wilks Bros, Dan and Staci Wilks own about 10%. Texas billionaires. Compare that to the huge short interest.
    Jan 16, 2016
  • $CRC reveals they have received a 24 month modification of their term loan and revolver. This reduces potential financial stress.
    Mar 24, 2015
More »

Latest Comments

Instablogs are Seeking Alpha's free blogging platform customized for finance, with instant set up and exposure to millions of readers interested in the financial markets. Publish your own instablog in minutes.