Wow, it is amazing how fast the market corrects emotional overreactions to media stories. PRXI is already up over 24% this morning. I didn't expect the Premier Exhibitions' stock to be up this quick.

I kind of wish I had taken a full position on this stock instead of just a half position. I was fairly confident that PRXI was worth much more than $4.50 a share, but I hadn't finished my homework in figuring out how much more. I even hesitated to buy the half position, but thankfully I acted even though I hadn't finished analyzing the situation. Special thanks goes out to Nick for telling me about PRXI here at Value Investing News last year. I would never have been able to form an opinion on this stock as fast as I did on Friday if I hadn't looked at it before.

I also feel bad that I wasn't able to find time on Friday to post this pick before the market close. As my kids are getting older, they demand much more of my attention. Recently, I've only been able to write late at night. I may have to learn how to write on the train, since it seems to be the only quiet time I get now a days. Maybe I just scan in images of my scratch pads, but I don't think anyone would be able to read or understand my notes.

Nice return there George! Did you sell your position?