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Purchased Today: Computer Modelling Group

|Includes: Computer Modelling Group Ltd. (CMDXF)

I was a little surprised this morning when markets opened and Computer Modelling Group (CMG on the TSX, or OTC:CMDXF) was down about 10%. A quick scramble for news revealed that the company reported earnings, and a glance at earnings showed pretty solid growth (in my mind). After a quick update to my model I realized that nothing has changed (to my investment thesis, anyway) and I bought more shares, increasing my position by nearly 130%. I was only holding a partial position at the start of the day, so the decision to buy more when shares were on sale was fairly easy

I may have lost out on $0.30 to take the time to conduct my hurried analysis, but I'm glad I pulled the trigger - shares closed over $1 above my purchase price.

Disclosure: The author is long CMDXF.

Additional disclosure: This article is not a recommendation to trade in any of the securities listed. You are responsible for determining that an investment suits your portfolio and risk tolerances.