Feeds

Chris Mellor: Storage stock picker

Share buying mini-extravaganza

HP ProLiant Gen8: Integrated lifecycle automation

Okay, they say, if you know so much about storage why ain't you making shedloads of money, or have you got sh*t for brains?

Harsh, but fair. So we took a gamble and dived into the stock market hurly-burly and are now the proud owners of shares in two storage suppliers. Our whiz-kid financial jiggery-pokery was guided by a carefully worked out strategy involving numerical quantitative analysis, careful interpretation of SEC filings, exhaustive talks with company officers, and arcane movements of a pin and a chart.

Basically it's about making lots of money. So far this has not enabled us to buy a yacht or talk to Larry Ellison on terms approaching financial equality, but we are deffo on our way. Watch out, Warren Buffet!

We have made gambles investments in two companies that we think can grow and see their shares appreciate. One is CommVault and we own 47 shares which cost $29.40 each at the beginning of January. They are now trading at $33.73, having risen since the end of January with good trading results having been reported by the company.

The other stock we own is in Overland Storage which we figure will either crash and burn - or make us lots of money from our several hundred shares as it recovers from the get-out-of-Nasdaq and reverse stock-split dumps under its now not quite so shiny and new management team. So far the shares have done nothing much, but benefit from an unexplained hike in value over the past couple of weeks and are on their way back down again.

They were $1.42 at the beginning of January and are now worth $1.99 having peaked at $2.45. There was no public reason for this sudden spike, with no looming quarterly results statement or hints of chief technology officer and VP engineering Geoff Barrall pulling new product rabbits out of his technology hat. It's a mystery and shows what we know - nothing.

The good news is that our storage portfolio is up and our gilded dreams of avarice are in full swing. We shouldn't lose our shirts but collars and cuffs might be at risk. Whenever we write about either CommVault or Overland we'll add a little disclosure statement to let you know we now have a bias. We'll keep you posted on our storage stock-picking progress as we head towards billionaire status or confirm that our brains are made of the brown stuff that sticks to fans. ®

Reducing security risks from open source software

More from The Register

next story
Sysadmin Day 2014: Quick, there's still time to get the beers in
He walked over the broken glass, killed the thugs... and er... reconnected the cables*
SHOCK and AWS: The fall of Amazon's deflationary cloud
Just as Jeff Bezos did to books and CDs, Amazon's rivals are now doing to it
Amazon Reveals One Weird Trick: A Loss On Almost $20bn In Sales
Investors really hate it: Share price plunge as growth SLOWS in key AWS division
US judge: YES, cops or feds so can slurp an ENTIRE Gmail account
Crooks don't have folders labelled 'drug records', opines NY beak
Auntie remains MYSTIFIED by that weekend BBC iPlayer and website outage
Still doing 'forensics' on the caching layer – Beeb digi wonk
BlackBerry: Toss the server, mate... BES is in the CLOUD now
BlackBerry Enterprise Services takes aim at SMEs - but there's a catch
The triumph of VVOL: Everyone's jumping into bed with VMware
'Bandwagon'? Yes, we're on it and so what, say big dogs
Carbon tax repeal won't see data centre operators cut prices
Rackspace says electricity isn't a major cost, Equinix promises 'no levy'
prev story

Whitepapers

Designing a Defense for Mobile Applications
Learn about the various considerations for defending mobile applications - from the application architecture itself to the myriad testing technologies.
Implementing global e-invoicing with guaranteed legal certainty
Explaining the role local tax compliance plays in successful supply chain management and e-business and how leading global brands are addressing this.
Top 8 considerations to enable and simplify mobility
In this whitepaper learn how to successfully add mobile capabilities simply and cost effectively.
Seven Steps to Software Security
Seven practical steps you can begin to take today to secure your applications and prevent the damages a successful cyber-attack can cause.
Boost IT visibility and business value
How building a great service catalog relieves pressure points and demonstrates the value of IT service management.