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Friday, 2 February 2007

Concur Technologies (CNQR) "Trading Transparency"

Just a short note. A few moments ago I decided to pull the plug on my CNQR stock. I bought this yesterday quite frankly without conscientiously doing my homework and when yesterday evening I went through the numbers, it just didn't add up. I don't like how the company is to be making less money this year than last, how they missed expectations on the earnings side, and even though I bought it (and publicly at that!), and even though the stock is up fractionally today, it just isn't my investment style.

So out it went. I sold my 240 shares of CNQR at a price of $17.82, with a net of $4,277.19. I purchased these yesterday at a price of $17.40, and a cost of $4,185.89, so I did make almost $100, but that is not the point. It wasn't my strategy, I didn't think before I bought it....and out it went!

However, I shall be on the look-out this afternoon for a stock that does fit instead of CNQR. I just feel better this way rather than leaving it in my portfolio when I bought it for the wrong reasons.

Relieved,

Bob

Posted by bobsadviceforstocks at 12:16 PM CST | Post Comment | Permalink

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