Acacia Technologies (ACTG) took a pretty big hit last week, however I do not think that the Markman Order that was issued in their legal fight against several Adult Content Websites will have any negative impact on their legal battle. As such, I will continue to hold my position in Acacia and I may increase my position if the price falls to within a selected range.

Even with the problems with Acacia the portfolio is still up 22% since inception.

I am looking for a new play this week and I have had my eyes on a couple of different companies for quite some time. At the present time none of these companies are in a place that I would like to place my order so I am going to hold off on them for a little. The first has a very high PE of about 74. The second has a negative PE and the value of the stock is too high at the present time. I’m expecting one of the two to drop in the next few months and until then I will have to wait and see.

In other news, I just picked up two books that I have been meaning to read. As soon as I finish Hannity’s book, “Let Freedom Ring,” I will begin reading one of them. The two books are “Wealth of Nations” by Adam Smith and “The General Theory of Employment, Interest, and Money” by John Maynard Keynes. I believe that I will start Keynes book and then read something else before diving in to “Wealth of Nations.”

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