I’d like to talk seriously about buying INVN. In fact, I think we should buy 10,000 shares right away. Doug said the stock seemed cheap in the 9’s, and he was right. I bought some for me and some clients then and it’s now 10.85 and moving quickly (it’s up 7.53% today).

My suggestion is to buy the 10,000 shares on margin right away and then decide if we keep it on margin sell some Apple or Google to cover at the annual meeting. That way we can keep it simple for right now.

I like the idea of having a very small company in the portfolio, along with their low PE and decent earnings. Doug worked there and thinks part of the dip is because the CEO left and Wall Street didn’t like it, and it seems attractive. Doug and I spoke on Friday and he agrees with this purchase of 10,000 shares.

So, we can either discuss it or I can make the motion right now. Motion to buy 10,000 of INVN at market today or Tuesday.