WIN Action

Movement in stock prices always make me wonder when there appears to be no reason for the up or down action. WIN, which if you have been reading my blog, is a perfect example.  Having bought in big on this security for what we believe to be a upside move after the Thursday morning earnings report has yesterday and especially today already moved up in price. 

Today the stock has moved up as of right now 24 cents per share or about 2 percent plus in price. That is a significant move for a company of that size and dividend.  The logical reason would be that yes someone somewhere knows the earnings will be good and are talking. Hence people are getting in before the announcement and this is called "insider trading". 

We many months ago took in the simple truth that insider trading occurs and made the decision any stock purchased within a few days of earnings is fools gold.  The point here is when you believe you have found a stock you like, take some time, do your research and make sure your timing does not get you in at a inflated price. 

Of course if WIN continues to move up we remain pleased due to our large position in this security.