Monday, February 28, 2011

Meeting 2/23 Recap

Greetings,

We had a great meeting Wednesday night and Geoff was most accommodating. We started off collecting February's dues and then started presenting what our current stocks have been doing and what we thought we should do with them. Matt, Bast, Jay, Bob, Gieff and Pete all presented their stocks. Bob recommended we could hold for now or sell our VWO which has dropped ~6%; I recommended purchasing more of the Q's; Gieff recommended holding onto PYZ and Pete suggesting holding IJR for now, but we could also sell for more investment options.

After going over some current events,it all boiled down to Rolo's suggestion of buying oil. Next on the agenda was new investment options; the following stocks were discussed: PXE (Merv), CBI (Tim), ODC (Rolo), and SATC (Ben). Voting then took place on all current and future stocks with the following outcomes:
Hold -> DOW, IYF, QQQQ, IJR
Sell -> VWO (10 shares)
Buy -> ODC (16 shares), CBI (8 shares), and BP (12 shares)
Pass -> PXE and SATC

After voting Merv's stock game was discussed and many of you have seen the email with that already. The proposed idea was $10 a person with the game starting this Monday the 28th. Please reply to that specific email for questions/suggestions/issues you may have.

The Prez would also like to remind us to please only use checks for our monthly payments so proper paper trails can be in check. Look for an agenda from the Prez later and we will be meeting Wednesday, March 9th unless otherwise noted.

Great meeting and we'll see everyone next month!

Cheers

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