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I sold out my LeapFrog position today. I know I should have done it long ago, but it was one of the first stocks I bought on my own (starting back in 3/03), before my education began at the Fool. I still love the toys (so do my kids!), but I don't have much confidence in the management at this point.

For all those still long, I hope I'm wrong, but I'm thinking the CC tomorrow is going to be another disaster for the stock price. The Fly looks cool, what I've been able to see of it on the website. But the fact that the website has been touted before it is even finished leads me to believe the company is trying to create a rosy smoke-screen for the upcoming earnings anouncement.

I'll be watching LeapFrog to see when and IF they can turn things around. It will take more than promises, though. Management is going to have to prove that they can not only show-off great ideas, but that they can deliver a great product, too, without running the company into the ground to do it.

Buying LeapFrog has taught me quite a few lessons about investing, so I can't say I regret ever having bought it in the first place. Yes, I wish I had played it differently, but them I probably wouldn't have learned so much to help me be more successful with my later stock purchases.

May God bless us all,
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