Wednesday
May102006
IAC / Interactive Corp: Added Slightly to Small Position
May 10, 2006 at 4:14 PM
I continue to think this media property looks cheap. I had a below the market limit order from weeks ago that was executed today at $28.23. This brings my position in IACI to a timid 40% of maximum weighting*. I'll leave that here unless something really compelling** like a price happens to valuation.
* Maximum Weighting = for personal risk management purposes the maximum amount of unhedged cost basis I will buy or short of a single stock issuer (non fund, non index).
**Compelling change in valuation = price move in stock or change in underlying business prospects.
Disclosure: I own IACI.
Nothing in this note is meant to construe advice.
* Maximum Weighting = for personal risk management purposes the maximum amount of unhedged cost basis I will buy or short of a single stock issuer (non fund, non index).
**Compelling change in valuation = price move in stock or change in underlying business prospects.
Disclosure: I own IACI.
Nothing in this note is meant to construe advice.
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