Going Whole Hog

Whole Hog Investing: Recklessly and foolishly placing all (or almost all) of your investment account in a single equity position.

Confession - I am currently in a Whole Hog position in ON2 Technologies (ONT).

Commencing finger wagging and mocking now. Go ahead and roll your eyes too if you wish.

Yes, it is very risky. Yes, it is very foolish. Yes, I will likely end up broke.

But - my research on this one, and my instinct, compels me to dive head first into the pig pen.

Let’s look at the chart.

Why the hell did I bring up that hideous chart?????????

Oh yeah, because the point is that the chart is irrelevant for most Whole Hog positions.

In this case, the decision to place my entire destiny in the hands of corporate types in New York that I know next to nothing about, and have never met, is due to the fact that I believe Whole Hoggedly that On2 will achieve substantial increases in revenue in the near term future.

I have Whole Hogged before, 3 times to be precise. 2 big winners - 1 excruciating loser.

I do not advise anyone to Whole Hog this (or any) stock, especially this stock. If the video technology involved evolves away from the On2 solution, or if the politics of the game does not play out right, I will be hit very hard.

But here’s to taking that shot when your gut tells you there’s no other choice. I’m in heavy around 80 cents (held that position for a year and a half or so) and in hog heavy some more where we sit now (near a buck). (The wise among you will notice my piggish folly in taking no profits when it bumped against 4 bucks) Where’s my stop? Did you say stop? as in Money Management?

I’m stopped out when I no longer feel that On2 will be a huge winner in the video codec space.

-- Filed November 19, 2007 at 7:25 pm