The IPI IPO hit today. Up 50% at mid-day
Tuesday, April 22, 2008
Monday, April 21, 2008
Intrepid Potash IPO Friday
There is an IPO pricing on Friday that might be pretty exciting. IPI is the symbol for Intrepid Potash, the American maker of ground gold called Potash. Now doesn't that product just get you excited?
Potash Saskatchewan, up over 1870% in 5 years with dividends.
This sector is still hot investors. IPI could have the makings of a big winner. Even if you don't want to invest in an IPO, you might see some market ripple effects on these three to give you a nice gain.
Well if it doesn't it should. Take a look at the charts for these three potash plays in the market.
Agrium, up over 700% in 5 years
Potash Saskatchewan, up over 1870% in 5 years with dividends.
This sector is still hot investors. IPI could have the makings of a big winner. Even if you don't want to invest in an IPO, you might see some market ripple effects on these three to give you a nice gain.
Friday, April 18, 2008
Admit your mistakes
I was reading an Ari Kiev book last week called Trading to Win, it's a great psychological study of what makes the best stock traders and how to improve your personal trading performance using psychology. One of the concepts that stuck out was the admission of mistakes in making trades. Face it, we all can't be right 100% of the time, so why do we only talk about our stock winners?
How can I as a blogger help you be a better investor? Not by constantly touting how much we have made with big winners like FSLR (shameless 225% gain plug here) But, rather, let's admit the losers in my recommendations to learn from my past mistakes.
Back on 2007, I recommended a few dogs. BCSI and SINA are both down 40% and 35% respectively since I recommended them. Looking back I realize I was recommending stocks that were in the latter stages of growth, and when compounded with the market correction, they made horrible picks. So how can I correct that going forward?
I have since revised my criteria for picking stocks. It does not deviate in any way from what I have shared with you on this blog, all it does is require me to screen stocks a little closer using my funnel system.
If I couldn't or wouldn't admit I made mistakes on those stocks, I would have been doomed to repeat myself.
I will continue to make mistakes, but it's what I do with those mistakes that will define me as a trader.
Finally, remember when we talked about upper and lower channels, and I used the example of Masco MAS. In recent weeks it hit the lower channel of $17/share and bounced off that price nicely. If there is a pullback to $17, it might be worth getting some shares. It won't be a triple-digits gainer in your portfolio, but it will be that nice slow and steady gainer with dividends that we all need a little of.
Have a great weekend everyone!
How can I as a blogger help you be a better investor? Not by constantly touting how much we have made with big winners like FSLR (shameless 225% gain plug here) But, rather, let's admit the losers in my recommendations to learn from my past mistakes.
Back on 2007, I recommended a few dogs. BCSI and SINA are both down 40% and 35% respectively since I recommended them. Looking back I realize I was recommending stocks that were in the latter stages of growth, and when compounded with the market correction, they made horrible picks. So how can I correct that going forward?
I have since revised my criteria for picking stocks. It does not deviate in any way from what I have shared with you on this blog, all it does is require me to screen stocks a little closer using my funnel system.
If I couldn't or wouldn't admit I made mistakes on those stocks, I would have been doomed to repeat myself.
I will continue to make mistakes, but it's what I do with those mistakes that will define me as a trader.
Finally, remember when we talked about upper and lower channels, and I used the example of Masco MAS. In recent weeks it hit the lower channel of $17/share and bounced off that price nicely. If there is a pullback to $17, it might be worth getting some shares. It won't be a triple-digits gainer in your portfolio, but it will be that nice slow and steady gainer with dividends that we all need a little of.
Have a great weekend everyone!
Thursday, April 17, 2008
Stock Picks
Its been far to long for some stock picks and the market has been pretty resilient the past few weeks with down days distributing in lower volume, and positive days on strong volume. Sometimes it can't hurt to have a small market rally amid a recession.
Goldcorp at $43.41 GG
Apace at $140.70 APA
Mosaic at $136.82 MOS
Monsanto at $131.54 MON
Potash at $198.26 POT
Trina Solar at $44.55 TSL
Transocean at $152.77 RIG
China Mobile at $83 CHL
Southwestern Energy at $40 SWN
Bolt Technology at $23.16 BOLT
T-3 Energy Services at $57.89 TTES
Hopefully there are enough interesting companies in there for your research.
Goldcorp at $43.41 GG
Apace at $140.70 APA
Mosaic at $136.82 MOS
Monsanto at $131.54 MON
Potash at $198.26 POT
Trina Solar at $44.55 TSL
Transocean at $152.77 RIG
China Mobile at $83 CHL
Southwestern Energy at $40 SWN
Bolt Technology at $23.16 BOLT
T-3 Energy Services at $57.89 TTES
Hopefully there are enough interesting companies in there for your research.
Wednesday, April 16, 2008
Ken Heebner is a Genius
I hear plenty of stories about Warren Buffet everyday on the news, but he can't be the only Wall Street darling, can he? Of course not. Enter Ken Heebner.
Ken Heebner runs the Capital Growth Management group of 4 mutual funds and has been a wall street star for over 30 years now. In 2007 his CGM Focus fund returned over 60%. In fact, his CGM Focus fund has a 5 year annualized return of over 38%. Wait, it gets better. His funds have no load attached to them, and the expense ratio of 1.2% is within industry average. If you had invested $10,000 in this fund in 1997, you would be sitting on $57,226 and you would have had one year of nearly a 20% loss in there. Now where else can you find that on Wall Street.
His group runs three other funds that are worth mentioning, CGM Realty is a solid and surprising positive fund this year. Its year to date return of 2% far outweighs the S&P500's 8% loss for the year to date.
The CGM Mutual fund is a lower risk, lower return fund of the group, and I say that knowing that the fund has posted a 5 year annualized return of 20%. Not to shabby in its own right.
Finally, the CGM Capital Development Fund is closed to new investors and is a reminder that to get in on Mr. Heebner's funds, you need to act before you are closed out of the earnings. Given 4 stars by morningstar and a 5 year annualized return of 24.5% you can see that each of Mr. Heebner's funds have a proven track record and are not just a flash in the pan.
Therefore, the next time you read about Warren Buffet, think about who else that is out there doing extraordinary things in investor return. It might be worth its weight in gold.
Ken Heebner runs the Capital Growth Management group of 4 mutual funds and has been a wall street star for over 30 years now. In 2007 his CGM Focus fund returned over 60%. In fact, his CGM Focus fund has a 5 year annualized return of over 38%. Wait, it gets better. His funds have no load attached to them, and the expense ratio of 1.2% is within industry average. If you had invested $10,000 in this fund in 1997, you would be sitting on $57,226 and you would have had one year of nearly a 20% loss in there. Now where else can you find that on Wall Street.
His group runs three other funds that are worth mentioning, CGM Realty is a solid and surprising positive fund this year. Its year to date return of 2% far outweighs the S&P500's 8% loss for the year to date.
The CGM Mutual fund is a lower risk, lower return fund of the group, and I say that knowing that the fund has posted a 5 year annualized return of 20%. Not to shabby in its own right.
Finally, the CGM Capital Development Fund is closed to new investors and is a reminder that to get in on Mr. Heebner's funds, you need to act before you are closed out of the earnings. Given 4 stars by morningstar and a 5 year annualized return of 24.5% you can see that each of Mr. Heebner's funds have a proven track record and are not just a flash in the pan.
Therefore, the next time you read about Warren Buffet, think about who else that is out there doing extraordinary things in investor return. It might be worth its weight in gold.
Tuesday, January 22, 2008
Bonds for Breakfast
With today's unprecedented interest rate cut, the Fed is screaming "panic". U.S. economic recession is not an if statement, but rather reality. Jim Melcher, a respected wall street guru has been calling for this since November. He noticed the head and shoulder pattern forming in the market, and now we are feeling the effects.
What to do? There are two trains of thought. Bonds are going to be very popular for the near term and there are several to choose from, so make sure your investing game plan match what the bond is offering. We will start a bond series soon to avoid the doom and gloom discussions we've had on the market.
The alternative investing strategy is, if you have credit, use it to get a line for alternative investments. You could do quite well with a private loan at prime for $100,000.00. This is what the Fed is hoping will happen out of this recession, new money investments.
What is your investment strategy during a recession? We would like to hear it.
What to do? There are two trains of thought. Bonds are going to be very popular for the near term and there are several to choose from, so make sure your investing game plan match what the bond is offering. We will start a bond series soon to avoid the doom and gloom discussions we've had on the market.
The alternative investing strategy is, if you have credit, use it to get a line for alternative investments. You could do quite well with a private loan at prime for $100,000.00. This is what the Fed is hoping will happen out of this recession, new money investments.
What is your investment strategy during a recession? We would like to hear it.
Thursday, January 17, 2008
Can it Get any Worse?!?!?
I hope your getting comfortable with the idea of a recession and are not planning any new security purchases anytime soon. I know I have been harping on this market as a recession but I want to make sure your money stays on the sideline through this.
Interested in Short Selling for a market like this?
Charles Caes wrote an informative and useful guide for playing that side of the market. "Tools of the Bear: How any Investor can make money when stocks go Down"
I am not by any means an expert on this side of the market so I would rather turn you to an expert.
Interested in Short Selling for a market like this?
Charles Caes wrote an informative and useful guide for playing that side of the market. "Tools of the Bear: How any Investor can make money when stocks go Down"
I am not by any means an expert on this side of the market so I would rather turn you to an expert.
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