Thursday, July 26, 2007

Ouch

Ouch. Palomar Tech's earnings announcement apparently disappointed big time today. I haven't had a chance to look into detail yet, but this is a small thinly traded stock, so it can move big when pushed. There was a special one-time royalty earned last year that also complicates year over year comparisons. At first blush the report doesn't look like it should've triggered such a bad reaction, but there could be something else there.

At least most of mine is in a taxable account...

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