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Lejun James Shao is the founder of www.myIRAs.net (http://www.myIRAs.net/), WhitePine Investment Inc of USA, and CEO of WhitePine Software Inc, Beijing, China. He was the top finisher in MSN's 1st US One Million Dollar Investment Contest, "Strategy Open Tournament," with a +45.88%... More
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  • GCI - Another Break-Out 0 comments
    Oct 1, 2009 2:44 AM | about stocks: GCI
    In my August 27 post, I introduced one of our Core Holdings: GCI - the largest US newspaper publisher.

    After one month of our post, the company announced that its Q3 earnings, excludes one time items, will be in $0.39 - $0.42 range, far more than the $0.28 average estimated.

    As a result, the stock had another break-out:



    We first bought it at $4.22 after its first break-out and still holding. Now we have near 200% return on our investment in just few months.

    Disclosure: our fund holds long position on GCI.
    Themes: newspaper Stocks: GCI
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