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Earlier today, after the partial sale of my Morningstar stock at a gain, I had a "permission slip" to add a new holding to my Trading Portfolio. I didn't wait long with that nickel in my pocket to spend it on something!
Reviewing the list of top % gainers on the NASDAQ today, I came across U.S. Global Investors (GROW) which as I write is trading at $21.53, up $2.53 or 13.32% on the day. I purchased 245 shares of GROW at $21.23/share.
U.S. GLOBAL INVESTORS (GROW) IS RATED A BUY
I purchased GROW after reviewing a satisfactory 4th quarter 2007 report issued on September 13, 2007, and a solid "5-Yr Restated" Morningstar.com financial page. On a down note, the "point and figure" chart on GROW gives me a little concern (I reviewed it after my purchase of course), with a little bit of recent technical weakness. I would like to see this stock trade a bit higher before I could feel reassured that the recent correction in the stock price was through.
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