Sold the other half of my VG....

I have a small Scottrade account with a bit of money in it that I thought I would try my hand at "trading" with.

I have never been a trader.....as I am more of a "saver" that invests with more of a buy and hold approach. I try to scope out long term investments, and quite heavily diversified. (so I skipped all the day trading of the '90s.....)

Anyways, a number of months ago I took the plunge buying 300 shares of Vonage at about $9.00 per share. I thought that was a GREAT buy because I use Vonage.....I think it is a GREAT product, and I thought the stock's fall from $14 was only a short term glitch.

Well, then the trouble started for Vonage.....from their poor handling of stockholders "revolt" after their IPO to their being taken to court for a patent violation....all of which they seemed totally unprepared for. They ended up on the stock "black list" pretty quickly.

Even while I say that, I still think they have a great product, and urge people to consider them for their phone service...but in terms of their stock, it seems to be a non-starter right now.

So I started out by selling half of it about 2 weeks ago, and then last Friday I sold the rest at $7.02 per share.

Two weeks ago I took the first half I sold and put the money into China Unicom LTD (CHU) (the small Mobile Phone company in China which started out going gangbusters but has now fallen back about to where I bought it) So this past Friday, I sold the second half of my VG and now my second chunk of money is sitting in cash waiting for the right investment.

How will I figure out that that will be...at this point I am not sure. More analysis is needed!

Click for a soup donation

Ok, so this might not strictly be a personal finance post, but it is sort of close in that you simply have to go to a Campbells website, pick your favorite NFL team and Campbells will donate cans of Campbells soup for the holiday.

It is the holiday season, and if Campbells wants to spend it's marketing money to feed those who need it, then I say we should help them......so go ahead and click away.

Here is the pitch from the website......

Click for Cans… Just One Part of Chunky Tackling Hunger™ Campbell Soup Company and the NFL™ have partnered together to help fight hunger since 1997. Since then, Campbell has donated more than 32 million cans of soup to a variety of hunger relief charities across the country, in NFL cities, and in the 30,000 markets served by Campbell’s many retail partners.

I promise my next post will be more on topic!