\"My biggest position\" thread
After reading DesertCat's NICK thread - and seeing the great discussion and analysis that followed - I figured there might be some interest in a thread where people say what their biggest position is, and if they want, to defend why it is so. My biggest position is First Marblehead(FMD), a company which provides securitization services for major financial institutions in private education lending. This was the first stock I ever 'found' myself after its pummelling from a high of 48 to a low of 14(split adjusted) about a year and a half ago. The price was driven insanely cheap due to the public largely misinterpreting the news surrounding the stock, and I was able to convince myself to pull the trigger after reading Tom Brown's convincingly bullish articles on bankstocks.com. After averaging down several times(though since I was a newb, I did take some profits off at 22, [censored]) - I have still managed over 200% on this stock which also happens to be the stock I've invested the most initial capital in - so that's pretty much why it's my biggest position. I still think the company is very very strong going forward(the Motley Fool's Hidden Gems newsletter advised buying this stock about 6 months after my initial position) for reasons I can detail if people want, so I haven't taken any off the table in the last year or so.
But I am very curious - what's your biggest position(and why, if you feel like it)?
James
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