Sometimes you just have to say goodbye. Take our coverage of Cogent Inc. (COGT) for instance. We’ve been watching Cogent off and on for several months, and though the company has been consistently profitable during that time (a period when very few companies were profitable to any degree), the stock just hasn’t responded. In fact, the stock is now back to where it was in early 2008. Lots of volatility, but no net progress.

We still like the company, and any company with a market cap of only $960 million that’s sitting on more than $400 million in cash is impressive. But, we just can’t devote time and resources to this idea … not when there are other stock trading ideas out there that are actually going to move.

If things change in the future we’re certainly willing to revive the company’s profile, and start trading the stock again. For now though, we’ve got to focus on other stocks. We’re putting Cogent on the shelf to make room for fresh trading ideas.

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