Monday 11/15 Begin Week Two

Happy Monday!
I decided to sell DITC Today. It wasn't moving as well as I hoped. So I sold at $17.57, 14% above my purchase price/Share, but only a .803% profit turned on that investment. With those funds I bought 300 shares of IES, Integrated Electrical Services. It's shares had dropped about $2 over the last week due to a report that they are having problems getting bond funding to start new projects. They are working on it and other financing options. I'm betting that they get the funding. They've got projects lined up. OK....

Here's how I did Today;

IES - dn .35% to $2.86 (Executed at $2.87, closed at $2.86. The Stock was up 5.15% for the day)
SIRI - up 6.71% to $4.45
DITC - up .80 % to $17.57 ( Stock was up 1.20% for the day, $17.67)
IPXL - dn 1.37% to $12.96
ARGFX - up .11% to $53.64

Against other averages;
DJIA - up .11%
NAS - up .42%
S&P - dn .03%
Me - up 1.18%

My Investments are now up 5.44% to date.

IPXL continued to slowly drop and I found out why;

They are being sued in a Class Action.
The Complaint alleges that during the Class Period, IMPAX violated federal securities laws by issuing materially false or misleading public statements. On November 3, 2004, IMPAX announced that the "Company has postponed its release of 2004 third quarter financial results to Tuesday, November 9, 2004 in order to allow its independent auditors more time to complete their review of the Company's third quarter financial statements, including the timing of certain customer credits on bupropion products marketed by a strategic partner." On this news, IMPAX shares fell from a close of $13.00 per share on November 3, 2004, to close at $10.07 on November 4, 2004. On November 9, 2004, IMPAX announced that its 2004 results would be restated.

Hmmm, lol thats why i decided to buy! After the shares fell ofcourse. Anyway, I should have checked the company news sooner, posted 11/12 at 5:23pm, I may have been able to get out a bit early. But Im not worried, I think this one is at its low now, its gonna go back up. Besides Im still up 15.71% on this one to date.

SIRI continues to rise, I'm up 11.81% to date, and look at this news clip I found;

November 15, 2004
Coral Gables-based attorney/indecency crusader Jack Thompson has an offer for Viacom Chairman Sumner Redstone - get rid of Howard Stern and the indecency watchdog will go away.

Looks like it might be going the way I had hoped. A lot of activity in this stock, 140 mill shares traded Today.

Another stock im watching is TMR, Meridian Resource, they're stock droped over $2 a share last week over conserns that drilling expenses have risen. They drill for gas (Natural I think) and with Oil prices dropping im sure the expenses are not. They fell again Today 6.6%.
I'll be watching this one to try to predict when it has bottomed out.