Posts
.
Meredith in the Mud -When Meredith left the Street to strike out on her own, there were two outcomes. One, she would have the freedom to tell the truth, instead of being under pressure to color the truth to maintain relationships. That is what I hoped for.
Instead, we got the dark side of Meredith. This morning Meredith Whitney official admitted that she cannot make it on her own, and she needs the power and might of the scraps Goldman Sachs will throw her way. Meredith is emulating the former dark Queen of the Homebuilders, Ivy Zelman, before she was booted out of Credit Suisse. Ivy now makes it a practice to suck up to homebuilders that can throw her a few bones.
Shame on Meredith - Today she prostituted herself in her nauseating glowing remarks about Goldman Sachs. What Meredith failed to point out, was exactly how and where Goldman Sachs is making their money . . . on the backs of pension funds, endowments and other fiduciary money that they are manipulating and front running. I should also mention, Meredith has failed to even hint at the problems facing Goldman Sachs as a going concern.
If Meredith were truly providing relevant and unbiased information, she'd be talking about the plethora of problems Goldman Sachs is facing as our economy falls deeper and deeper into what will eventually be a violent Depression.
Liar, Liar - And you gotta love the Dark Queen's comment that she was afraid to tell us how bad things really were. Is she kidding? She had no clue what was going on until after the fact, and she was late to the party. Moreover, she's still late to the party if she thinks unemployment is going to stop at 13% and if she thinks Goldman Sachs can get away with criminal conduct to generate profits.
I'd love to sit and write a long piece on this, but I simply don't have the energy yet, and I have too many other things on my plate. Hopefully, the pros at Zero Hedge will expose the Dark Queen's dirty underwear.
Even though my heart attack and bypass surgery has slowed me down, there are others that are hot on the stinky scent of Goldman Sachs and Lord Blankfein. Zero Hedge does a great job, as does Reggie Middleton. On our www.GoldmanSachs666.com website, I can no longer run like I was, but we will not simply walk away. There are a couple of posters that have been approved, and two more coming on board this week.
POSTING - We will be inviting all legitimate bloggers and posters to post at www.GoldmanSachs666.com - I will provide you with access to write your post, and our editors will review it prior to going live. For guys like Zero Hedge and Reggie, it is a great way to draw more attention to the cause. All they need to is post one or two paragraphs of their original post, and then have a link to their blogs for readers to read the full post and other relevant material about Goldman Sachs. So if you are interested, just email me - Mike@Morgan7.com
.
Monday, July 13, 2009
Friday, July 3, 2009
Mike Morgan Slays Goliath - Goldman Sachs
.
Mike Morgan v. Goldman Sachs . . . David v. Goliath . . . David 1 - Goliath 0
Lord Blankfein and his Band of Merry Thugs blinked, and we sliced their heads off. Here is a link to the Stipulation Goldman Sachs recently signed in response to my Complaint against Goldman Sachs, after they sent me one of their bully-bully threatening letters. True knuckheads that think they can bully anyone. Well . . . they bullied Bush, and they're bullying Obama and his Gang of Goofballs, but I hate the bad guys . . . and Mike Morgan never backs down.
Click Here to view the Stipulation document filed in the United States District Court. Basically, Goldman Sachs put their slimy tail between their legs and slinked off to the stench and rot of their den of deceit, debauchery and licentousness.
http://www.morganfl.org/assets/mikesblog/Stipulation_and_Dismissal.pdf
Obviously, I can't stand what Goldman Sachs has done to America, and that they own or control just about every politician at the Federal and State levels. Even when these politicians are not outright in the pocket of Goldman Sachs, the clout of Goliath influences the way our politicians act and vote.
Most of you know I had a heart attack and quadruple bypass surgery at the end of May. I am six weeks out of surgery, and I have been back to work since week two! But certainly not at the level I was prior to the surgery. In fact, I have had to eliminate work on non-client related matters like this website. I will continue to manage and focus on client investments and active trading for clients. That's a full-time job and then some. I will also continue to manage my Florida real estate team working with Buyers and Sellers. And lastly, I will be turning over much of the day-to-day operations of my Internet Marketing Company, m3 Interactive, to David, our Director of Operations.
What's Next? I can never return to the level of work I was doing prior to my bypass surgery. It is physically impossible, and I want to retain some form of life for myself and my friends. So I am going to offer to turn over the www.GoldmanSachs666.com website to a person or group of people that are interested in managing it. We have received emails from hundreds of potential volunteers, but what is truly needed is one or more people that want to manage the site and the volunteers.
If we don't find a person or group to manage the site, I will do what I can to put together an internal team, but it is not a priority so it might be a few months.
If you're interested, please email me Mike@Morgan7.com
Conference Calls - Yes, I will be holding a Financial Crisis conference call in 2-3 weeks. Make sure you are on our email list for date and time. Visit http://www.morgan7.com/ for updates as well.
.
Mike Morgan v. Goldman Sachs . . . David v. Goliath . . . David 1 - Goliath 0
Lord Blankfein and his Band of Merry Thugs blinked, and we sliced their heads off. Here is a link to the Stipulation Goldman Sachs recently signed in response to my Complaint against Goldman Sachs, after they sent me one of their bully-bully threatening letters. True knuckheads that think they can bully anyone. Well . . . they bullied Bush, and they're bullying Obama and his Gang of Goofballs, but I hate the bad guys . . . and Mike Morgan never backs down.
Click Here to view the Stipulation document filed in the United States District Court. Basically, Goldman Sachs put their slimy tail between their legs and slinked off to the stench and rot of their den of deceit, debauchery and licentousness.
http://www.morganfl.org/assets/mikesblog/Stipulation_and_Dismissal.pdf
Obviously, I can't stand what Goldman Sachs has done to America, and that they own or control just about every politician at the Federal and State levels. Even when these politicians are not outright in the pocket of Goldman Sachs, the clout of Goliath influences the way our politicians act and vote.
Most of you know I had a heart attack and quadruple bypass surgery at the end of May. I am six weeks out of surgery, and I have been back to work since week two! But certainly not at the level I was prior to the surgery. In fact, I have had to eliminate work on non-client related matters like this website. I will continue to manage and focus on client investments and active trading for clients. That's a full-time job and then some. I will also continue to manage my Florida real estate team working with Buyers and Sellers. And lastly, I will be turning over much of the day-to-day operations of my Internet Marketing Company, m3 Interactive, to David, our Director of Operations.
What's Next? I can never return to the level of work I was doing prior to my bypass surgery. It is physically impossible, and I want to retain some form of life for myself and my friends. So I am going to offer to turn over the www.GoldmanSachs666.com website to a person or group of people that are interested in managing it. We have received emails from hundreds of potential volunteers, but what is truly needed is one or more people that want to manage the site and the volunteers.
If we don't find a person or group to manage the site, I will do what I can to put together an internal team, but it is not a priority so it might be a few months.
If you're interested, please email me Mike@Morgan7.com
Conference Calls - Yes, I will be holding a Financial Crisis conference call in 2-3 weeks. Make sure you are on our email list for date and time. Visit http://www.morgan7.com/ for updates as well.
.
Wednesday, July 1, 2009
Mini Update
.
This went out to clients and our email distribution list on Monday, June 30, 2009 . . .
I appreciate all of the emails I am still receiving. I just can't respond to them all. So here is a BIG THANK YOU for your emails wishing me a speedy recover, etc. For the record, I am recovered better than the doctors expected. At just two weeks after surgery, I was back at work, driving and doing just about everything. I can't lift things or get out in my kayak yet, but I'm continuing to get better every day.
When it comes to the markets, nothing has changed. We are witnessing the absolute grand theft of the United States of America. Guys like Paulson, Blankfein, Summers. Emmanuel, Lewis, Dimon and hundreds like them at the top are feeding in the trough of your money, savings, pensions, IRAs, 401ks, insurance policies, etc. There is nothing we can do to stop them at this point, and I still believe it will eventually end very violently here and abroad. If not this year, then next year. And the only reason it is not happening this summer, is because Obama has managed to print more money than anyone thought . . . and he's been able to hypnotize the masses with promises he can never keep. I just don't understand how he can live with himself . . . unless the rumors are true, and he is something from the dark side.
I would love to start actively trading the accounts again, but there are still too many traps. We've been making some trades, but our track records is 50/50 on trading. I don't want to trade just to trade. One of my clients is very upset that we are not trading like we were back in the fall of 2008. Well, that was a different time and we had wild swings that made some sense. Now we are at the mercy of rule changes and insider trading that goes beyond the scope of anything we have ever seen. When I see the right opportunities, we will once again be trading as much as we can, and as much as makes sense.
I thought we were headed lower after the market performance last week. So we put on a lot of trades . . . and the market turns around and marches higher. It was interesting to see all of the techies bounce in, then out, then in, then out. They lost a lot of money, but worse was how they reported their losses. I watched as they reported trades they could not have made based on the volume and time of trades. Nor did they mention the cost of commissions on these trades. Overall, they did not have a good couple of weeks.
One service got into a position, but within 30 minutes was recommending to get out with a small loss. They did this three times in two days. These were not hitting Stop limits, but rather based on how the overall markets were performing.
I hope my Mojo is back so when the markets do present trading opportunities again, we can take advantage of them. My basic positions have not changed. Despite the recent analyst upgrade on Starbucks, I think this is one of the best shorts you will find. But beware, Goldman Sachs may find a sucker (I mean buyer) to scoop this piece of ka-ka up at a premium price.
And despite the recent analyst upgrades on the financial (banks, insurance, REITs) these guys are in very deep trouble . . . with more bad news to come. The run up in some of the builders is simply more fiduciary money being pumped into these stocks so Wall Street can dump expensive stock into pension funds, endowments and other fiduciary money.
Let me note something about the builders. They have crossed the line, to the point where they are no going to begin to burn the cash they have accumulated. We still have more homes than we have people to live in them. And the flood of foreclosures has not even started. I am not sure about what CC (Crazy Cramer) has been saying, as I have not seen or read him in more than two months, but remember how bullish he was on a housing bottom this summer. If it's a bottom, it is a false bottom. There is a tremendous amount of bad news coming in this sector, and they are also dealing with a looming disaster from Chinese Drywall litigation.
I will close with gold. I am still very bullish on the gold miners and I really like our portfolio or stocks. It's a great mix. By the way, if you missed it, Germany is going to have 500 vending machines selling gold. You will be able to buy gold, just like you by a soda pop. We'll see how far that gets, considering a 30% premium to spot. But the point is this . . . the demand for gold will grow as the "global" crisis deepens. If you believe Brazil, Russia, India and China (BRIC) are in great shape and ready to explode, you've been drinking the Kool-Aid. Everything . . . and I mean everything I hear from these four countries is NOT promising. In fact, they have so over done the hype, that they only have two choices . . . find a way to hyper-hype or begin to fall apart like the rest of the world.
Well, that's it for now. I promise to hold a conference call in July. I'd love to talk about Eastern Europe, Africa and the EU, but my arms are still weak overall. I just can't type what I would like until my upper body has healed up more. Next week I am in New York on business. I will try to do a conference call the following week. In fact, I will set it up and send you the registration link.
Regards,
Mike
.
This went out to clients and our email distribution list on Monday, June 30, 2009 . . .
I appreciate all of the emails I am still receiving. I just can't respond to them all. So here is a BIG THANK YOU for your emails wishing me a speedy recover, etc. For the record, I am recovered better than the doctors expected. At just two weeks after surgery, I was back at work, driving and doing just about everything. I can't lift things or get out in my kayak yet, but I'm continuing to get better every day.
When it comes to the markets, nothing has changed. We are witnessing the absolute grand theft of the United States of America. Guys like Paulson, Blankfein, Summers. Emmanuel, Lewis, Dimon and hundreds like them at the top are feeding in the trough of your money, savings, pensions, IRAs, 401ks, insurance policies, etc. There is nothing we can do to stop them at this point, and I still believe it will eventually end very violently here and abroad. If not this year, then next year. And the only reason it is not happening this summer, is because Obama has managed to print more money than anyone thought . . . and he's been able to hypnotize the masses with promises he can never keep. I just don't understand how he can live with himself . . . unless the rumors are true, and he is something from the dark side.
I would love to start actively trading the accounts again, but there are still too many traps. We've been making some trades, but our track records is 50/50 on trading. I don't want to trade just to trade. One of my clients is very upset that we are not trading like we were back in the fall of 2008. Well, that was a different time and we had wild swings that made some sense. Now we are at the mercy of rule changes and insider trading that goes beyond the scope of anything we have ever seen. When I see the right opportunities, we will once again be trading as much as we can, and as much as makes sense.
I thought we were headed lower after the market performance last week. So we put on a lot of trades . . . and the market turns around and marches higher. It was interesting to see all of the techies bounce in, then out, then in, then out. They lost a lot of money, but worse was how they reported their losses. I watched as they reported trades they could not have made based on the volume and time of trades. Nor did they mention the cost of commissions on these trades. Overall, they did not have a good couple of weeks.
One service got into a position, but within 30 minutes was recommending to get out with a small loss. They did this three times in two days. These were not hitting Stop limits, but rather based on how the overall markets were performing.
I hope my Mojo is back so when the markets do present trading opportunities again, we can take advantage of them. My basic positions have not changed. Despite the recent analyst upgrade on Starbucks, I think this is one of the best shorts you will find. But beware, Goldman Sachs may find a sucker (I mean buyer) to scoop this piece of ka-ka up at a premium price.
And despite the recent analyst upgrades on the financial (banks, insurance, REITs) these guys are in very deep trouble . . . with more bad news to come. The run up in some of the builders is simply more fiduciary money being pumped into these stocks so Wall Street can dump expensive stock into pension funds, endowments and other fiduciary money.
Let me note something about the builders. They have crossed the line, to the point where they are no going to begin to burn the cash they have accumulated. We still have more homes than we have people to live in them. And the flood of foreclosures has not even started. I am not sure about what CC (Crazy Cramer) has been saying, as I have not seen or read him in more than two months, but remember how bullish he was on a housing bottom this summer. If it's a bottom, it is a false bottom. There is a tremendous amount of bad news coming in this sector, and they are also dealing with a looming disaster from Chinese Drywall litigation.
I will close with gold. I am still very bullish on the gold miners and I really like our portfolio or stocks. It's a great mix. By the way, if you missed it, Germany is going to have 500 vending machines selling gold. You will be able to buy gold, just like you by a soda pop. We'll see how far that gets, considering a 30% premium to spot. But the point is this . . . the demand for gold will grow as the "global" crisis deepens. If you believe Brazil, Russia, India and China (BRIC) are in great shape and ready to explode, you've been drinking the Kool-Aid. Everything . . . and I mean everything I hear from these four countries is NOT promising. In fact, they have so over done the hype, that they only have two choices . . . find a way to hyper-hype or begin to fall apart like the rest of the world.
Well, that's it for now. I promise to hold a conference call in July. I'd love to talk about Eastern Europe, Africa and the EU, but my arms are still weak overall. I just can't type what I would like until my upper body has healed up more. Next week I am in New York on business. I will try to do a conference call the following week. In fact, I will set it up and send you the registration link.
Regards,
Mike
.
Thursday, June 25, 2009
Trade Update - FAS, LEN and Gold
.
Just a quick FYI that was sent to clients this morning. By the way, I am still recovering from my bypass surgery, and all is going well. It has been 5 weeks, and I am back to work full time. The only big difference is I have been concentrating on clients and trading, and I have not been blogging, writing or holding conference calls.
1 – We covered our short position in FAS late last week for a 4.0 - 10.8% depending upon when we placed you in this trade.
2 – We sold our long position in LEN today for a nice one week profit of 3.0 – 7.0% depending upon when we placed you in this trade.
We have made a few other opening trades, I am not going to announce our trades to clients or non-clients in advance of the trade OR just after we have made the trade. I have decided it is best if we trade quietly and don’t draw any attention to our trades. As clients, you will see the trades in your account. I will only post to my blogs and send out emails “after” we have completed the trades. I will also not be posting or writing about my market thoughts. Once again, I want to concentrate on trading for clients.
Still no word on when I will resume conference calls. It has only been a month since the surgery, and I am trying to focus on trading for clients. I do know that I cannot return to my 14-16 hour days, and open heart surgery definitely has an affect on all aspects of my life. I am eliminating a lot of things in my BBS (Before Bypass Surgery) life and concentrating on what’s important.
Moving forward, we expect a choppy market with a bias to the downside. I am also still very bullish on our gold mining portfolio. Yesterday, China announced they want to be buying gold and U.S. real estate. I think there is still time before jumping into U.S. real estate, but I agree with them on the gold call.
Regards,
Mike
.
Just a quick FYI that was sent to clients this morning. By the way, I am still recovering from my bypass surgery, and all is going well. It has been 5 weeks, and I am back to work full time. The only big difference is I have been concentrating on clients and trading, and I have not been blogging, writing or holding conference calls.
1 – We covered our short position in FAS late last week for a 4.0 - 10.8% depending upon when we placed you in this trade.
2 – We sold our long position in LEN today for a nice one week profit of 3.0 – 7.0% depending upon when we placed you in this trade.
We have made a few other opening trades, I am not going to announce our trades to clients or non-clients in advance of the trade OR just after we have made the trade. I have decided it is best if we trade quietly and don’t draw any attention to our trades. As clients, you will see the trades in your account. I will only post to my blogs and send out emails “after” we have completed the trades. I will also not be posting or writing about my market thoughts. Once again, I want to concentrate on trading for clients.
Still no word on when I will resume conference calls. It has only been a month since the surgery, and I am trying to focus on trading for clients. I do know that I cannot return to my 14-16 hour days, and open heart surgery definitely has an affect on all aspects of my life. I am eliminating a lot of things in my BBS (Before Bypass Surgery) life and concentrating on what’s important.
Moving forward, we expect a choppy market with a bias to the downside. I am also still very bullish on our gold mining portfolio. Yesterday, China announced they want to be buying gold and U.S. real estate. I think there is still time before jumping into U.S. real estate, but I agree with them on the gold call.
Regards,
Mike
.
Tuesday, June 16, 2009
Florida's First H1N1 Death - Novartis (NVS)
.
Today it was announced that Florida is finally admitting their first “confirmed” H1N1 death in Miami. Let me repeat, this virus is still here . . . and the flu season is over. This is bad. Very bad. Florida is trying to accumulate enough vaccine to inoculate one third of the population in Florida. They would like to have more, but they can’t get it and can’t afford it.
I recommended Novartis (NVS) the other day at $41.90. We bought more yesterday under $41. I am repeating this Buy today at the current price of $41.30 with a stop at $39.38.
Once we re-enter the flu season this fall, this virus could have a devastating impact on world economies. There are very few companies that can produce vaccine for this virus. We believe Novartis is the top pick based on there vaccine producing process. As the media again focuses on the H1N1 virus, investors should be running to Novartis.
.
Today it was announced that Florida is finally admitting their first “confirmed” H1N1 death in Miami. Let me repeat, this virus is still here . . . and the flu season is over. This is bad. Very bad. Florida is trying to accumulate enough vaccine to inoculate one third of the population in Florida. They would like to have more, but they can’t get it and can’t afford it.
I recommended Novartis (NVS) the other day at $41.90. We bought more yesterday under $41. I am repeating this Buy today at the current price of $41.30 with a stop at $39.38.
Once we re-enter the flu season this fall, this virus could have a devastating impact on world economies. There are very few companies that can produce vaccine for this virus. We believe Novartis is the top pick based on there vaccine producing process. As the media again focuses on the H1N1 virus, investors should be running to Novartis.
.
Best Buy and Fifth Third Bank
.
I really can’t comment on a daily basis on all positions. It’s just not feasible until I recover more, and then I will put together a plan for those that want to subscribe to my written pieces and conference calls. I will NOT go back to the 3-5 conference calls a week. That was overload.
Best Buy is still one of my favorite shorts. Let’s face it, where are they going. Even if they hit the upper end of their target of $2.90 and we give them a ridiculous PE of 15, that puts them at $43. Today’s earnings announcement was not surprising, nor is the Street’s reaction of complacency. Best Buy is still without a business plan to deal with Amazon, Wal-Mart, Target and the local discounters. Best Buy is still relying heavily on new store revenue, even though earnings are down. Best Buy’s key market . . . tweens, teens and 20 somethings . . . are finally feeling the pinch in reduced allowances from Mom and Dad . . . and a job market for these kids, that does not exist. One final market they depend upon . . . warranties. Think about how this market will be pinched as consumers start scrutinizing where and how they spend the ever elusive discretionary dollar.
I just looked at what I said about Best Buy three months ago. I still believe they will be hard pressed to earn $2.00 this year. In fact, even though they are projecting $2.50 - $2.90. I’m not even sure they can break $1.80 this year, given the slow down in sales and the squeeze on margins. Remember this . . . they’ve already done the belt tightening. The only thing left is to eat the belt.
One final note. Unemployment is getting worse. I don’t care how the media paints the numbers, we are at record highs for the number of unemployed . . . and it is not slowing down. We still have not seen the Detroit effect, nor have we seen the effect of all of the grads that cannot find work this year. By the way, those kids don’t go into the unemployment numbers, because, for the most part, they never held a qualifying job, so they can’t collect unemployment!
I hope to come up with a plan to get back to writing and conference calls, but I can tell you the heart attack and bypass surgery have definitely had an impact on the way I look at life and the quality of life.
Fifth Third Bank – one of my favorite shorts. This bank cannot make it. The only thing that saves it, is another conspiracy plan from Washington or Goldman Sachs buying up the bank with a government sweet-heart deal. That is the only risk in this one, otherwise it goes to zero. BUT . . . the risk is there. We remain short FITB.
.
I really can’t comment on a daily basis on all positions. It’s just not feasible until I recover more, and then I will put together a plan for those that want to subscribe to my written pieces and conference calls. I will NOT go back to the 3-5 conference calls a week. That was overload.
Best Buy is still one of my favorite shorts. Let’s face it, where are they going. Even if they hit the upper end of their target of $2.90 and we give them a ridiculous PE of 15, that puts them at $43. Today’s earnings announcement was not surprising, nor is the Street’s reaction of complacency. Best Buy is still without a business plan to deal with Amazon, Wal-Mart, Target and the local discounters. Best Buy is still relying heavily on new store revenue, even though earnings are down. Best Buy’s key market . . . tweens, teens and 20 somethings . . . are finally feeling the pinch in reduced allowances from Mom and Dad . . . and a job market for these kids, that does not exist. One final market they depend upon . . . warranties. Think about how this market will be pinched as consumers start scrutinizing where and how they spend the ever elusive discretionary dollar.
I just looked at what I said about Best Buy three months ago. I still believe they will be hard pressed to earn $2.00 this year. In fact, even though they are projecting $2.50 - $2.90. I’m not even sure they can break $1.80 this year, given the slow down in sales and the squeeze on margins. Remember this . . . they’ve already done the belt tightening. The only thing left is to eat the belt.
One final note. Unemployment is getting worse. I don’t care how the media paints the numbers, we are at record highs for the number of unemployed . . . and it is not slowing down. We still have not seen the Detroit effect, nor have we seen the effect of all of the grads that cannot find work this year. By the way, those kids don’t go into the unemployment numbers, because, for the most part, they never held a qualifying job, so they can’t collect unemployment!
I hope to come up with a plan to get back to writing and conference calls, but I can tell you the heart attack and bypass surgery have definitely had an impact on the way I look at life and the quality of life.
Fifth Third Bank – one of my favorite shorts. This bank cannot make it. The only thing that saves it, is another conspiracy plan from Washington or Goldman Sachs buying up the bank with a government sweet-heart deal. That is the only risk in this one, otherwise it goes to zero. BUT . . . the risk is there. We remain short FITB.
.
Saturday, June 13, 2009
Long Only Portfolio
.
For those clients that want a long term portfolio of long-only positions, this is it. Our objective is to outperform the S&P 500, but there are no guarantees. This portfolio will consist of 20-50 stocks that we believe hold the best promise to outperform the S&P 500 over time. This is not a short term portfolio for people looking for quick trading profits or a place to park money for the short term. This portfolio was designed with a look to the future and a long term perspective.
As of the close on Friday, June 12, 2009, this portfolio was UP 11.78% since inception on April 20, 2009. Over the same period of time, the S&P 500 was up 8.8%, so for now we are outperforming the S&P 500 by about 3%. Our performance includes commissions at the rate of $14.95 per trade and the initial portfolio was based on a $25,000 investment. If you are investing more than $25,000 your performace would have been higher, as your commission per trade would have remained static at $14.95.
Below is a representative sample of positons that are or have been in this portfolio. Please note that these positions will change without advance notice on this website. Day to day trade details are reserved for clients.
ABB - ABB Ltd. ADS
ABX - Barrick Gold Corp.
AEM - Agnico-Eagle Mines Ltd.
AMZN - Amazon.com Inc.
BHP - BHP Billiton Ltd. ADS
BK - Bank of New York Mellon Corp.
DD - E.I. DuPont de Nemours & Co.
FCX - Freeport-McMoRan Copper & Gold Inc.
FPL - FPL Group Inc.
HMC - Honda Motor Co. Ltd. ADS
JJSF - J&J Snack Foods Corp.
JNJ - Johnson & Johnson
JOE - St. Joe Co.
JRCC - James River Coal Co.
KMP - Kinder Morgan Energy Partners L.P.
LAZ - Lazard Ltd.
LOW - Lowe's Cos.
MON - Monsanto Co.
MSFT - Microsoft Corp.
NEM - Newmont Mining Corp.
NU - Northeast Utilities
NUE - Nucor Corp.
OHI - Omega Healthcare Investors Inc.
ORCL - Oracle Corp.
PG - Procter & Gamble Co.
POT - Potash Corp. of Saskatchewan Inc.
PPG - PPG Industries Inc.
SU - Suncor Energy Inc.
TEVA - Teva Pharmaceutical Industries Ltd. ADS
TM - Toyota Motor Corp. ADS
VE - Veolia Environnement ADS
YHOO - Yahoo! Inc.
.
For those clients that want a long term portfolio of long-only positions, this is it. Our objective is to outperform the S&P 500, but there are no guarantees. This portfolio will consist of 20-50 stocks that we believe hold the best promise to outperform the S&P 500 over time. This is not a short term portfolio for people looking for quick trading profits or a place to park money for the short term. This portfolio was designed with a look to the future and a long term perspective.
As of the close on Friday, June 12, 2009, this portfolio was UP 11.78% since inception on April 20, 2009. Over the same period of time, the S&P 500 was up 8.8%, so for now we are outperforming the S&P 500 by about 3%. Our performance includes commissions at the rate of $14.95 per trade and the initial portfolio was based on a $25,000 investment. If you are investing more than $25,000 your performace would have been higher, as your commission per trade would have remained static at $14.95.
Below is a representative sample of positons that are or have been in this portfolio. Please note that these positions will change without advance notice on this website. Day to day trade details are reserved for clients.
ABB - ABB Ltd. ADS
ABX - Barrick Gold Corp.
AEM - Agnico-Eagle Mines Ltd.
AMZN - Amazon.com Inc.
BHP - BHP Billiton Ltd. ADS
BK - Bank of New York Mellon Corp.
DD - E.I. DuPont de Nemours & Co.
FCX - Freeport-McMoRan Copper & Gold Inc.
FPL - FPL Group Inc.
HMC - Honda Motor Co. Ltd. ADS
JJSF - J&J Snack Foods Corp.
JNJ - Johnson & Johnson
JOE - St. Joe Co.
JRCC - James River Coal Co.
KMP - Kinder Morgan Energy Partners L.P.
LAZ - Lazard Ltd.
LOW - Lowe's Cos.
MON - Monsanto Co.
MSFT - Microsoft Corp.
NEM - Newmont Mining Corp.
NU - Northeast Utilities
NUE - Nucor Corp.
OHI - Omega Healthcare Investors Inc.
ORCL - Oracle Corp.
PG - Procter & Gamble Co.
POT - Potash Corp. of Saskatchewan Inc.
PPG - PPG Industries Inc.
SU - Suncor Energy Inc.
TEVA - Teva Pharmaceutical Industries Ltd. ADS
TM - Toyota Motor Corp. ADS
VE - Veolia Environnement ADS
YHOO - Yahoo! Inc.
.
Metals and Mining Portfolio
.
Our Metals and Mining Portfolio consists of gold, silver, copper mining stocks, and may also include metal indexes and ETFs. This portfolio was officially launched on April 20, 2009.
As of the close on Friday, June 12, 2009, this portfolio was UP 27.48% since April 20, 2009. Our performance includes commissions at the rate of $14.95 per trade and the initial portfolio was based on a $25,000 investment. If you are investing more than $25,000 your performace would have been higher, as your commission per trade would have remained static at $14.95.
Below is a representative sample of positons that are or have been in this portfolio. Please note that these positions will change without advance notice on this website. Day to day trade details are reserved for clients.
ABX - Barrick Gold Corp.
AEM - Agnico-Eagle Mines Ltd.
AU - AngloGold Ashanti Ltd. ADS
AUY - Yamana Gold Inc.
EGO - Eldorado Gold Corp.
FCX - Freeport-McMoRan Copper & Gold Inc.
GDX - Market Vectors ETF Trust Market Vectors Gold Miners
GFI - Gold Fields Ltd. ADS
GLD - SPDR Gold Trust
GOLD - Randgold Resources Ltd. ADS
HMY - Harmony Gold Mining Co. Ltd. ADS
IAG - IAMGOLD Corp.
KGC - Kinross Gold Corp.
LIHR - Lihir Gold Ltd. ADS
NEM - Newmont Mining Corp.
NG - NovaGold Resources Inc.
PCU - Southern Copper Corp.
RGLD - Royal Gold Inc.
SA - Seabridge Gold Inc.
SSRI - Silver Standard Resources Inc.
.
Our Metals and Mining Portfolio consists of gold, silver, copper mining stocks, and may also include metal indexes and ETFs. This portfolio was officially launched on April 20, 2009.
As of the close on Friday, June 12, 2009, this portfolio was UP 27.48% since April 20, 2009. Our performance includes commissions at the rate of $14.95 per trade and the initial portfolio was based on a $25,000 investment. If you are investing more than $25,000 your performace would have been higher, as your commission per trade would have remained static at $14.95.
Below is a representative sample of positons that are or have been in this portfolio. Please note that these positions will change without advance notice on this website. Day to day trade details are reserved for clients.
ABX - Barrick Gold Corp.
AEM - Agnico-Eagle Mines Ltd.
AU - AngloGold Ashanti Ltd. ADS
AUY - Yamana Gold Inc.
EGO - Eldorado Gold Corp.
FCX - Freeport-McMoRan Copper & Gold Inc.
GDX - Market Vectors ETF Trust Market Vectors Gold Miners
GFI - Gold Fields Ltd. ADS
GLD - SPDR Gold Trust
GOLD - Randgold Resources Ltd. ADS
HMY - Harmony Gold Mining Co. Ltd. ADS
IAG - IAMGOLD Corp.
KGC - Kinross Gold Corp.
LIHR - Lihir Gold Ltd. ADS
NEM - Newmont Mining Corp.
NG - NovaGold Resources Inc.
PCU - Southern Copper Corp.
RGLD - Royal Gold Inc.
SA - Seabridge Gold Inc.
SSRI - Silver Standard Resources Inc.
.
Friday, June 12, 2009
Trade Alert - Glaxo
.
I’ve been asked about Glaxo in regard to H1N1. Yes, they are involved. I think Novartis is a better play, but since this is going to be an emotionally traded market when it erupts, we will also recommend Glaxo today at $36.70. I would also put a 6% stop in here at $34.50. Symbol - GSK
.
I’ve been asked about Glaxo in regard to H1N1. Yes, they are involved. I think Novartis is a better play, but since this is going to be an emotionally traded market when it erupts, we will also recommend Glaxo today at $36.70. I would also put a 6% stop in here at $34.50. Symbol - GSK
.
Oil, Natural Gas, H1N1 Virus
.
Not that I am going to get back to the level of daily updates and recommendations, but today I feel compelled to share two with you. I am recommending the following paired trade. This means you do an equal dollar amount of each.
Shorting USO – Oil ETF
Buying Long UNG – Natural Gas ETF
The only increase for demand of oil has been in the media and in the dreams of analysts that can get away with writing whatever they want. The spread between oil and natural gas is widening, so this trade provides a well balanced position. It may not be a short term trade.
My other recommendation for those that are following the H1N1 flu is Novartis – NVS. If the flu does hit as expected, we will see a surge in Novartis simply based on media hype and the fact that they are the biggest player in this market. Unless someone else comes along with something, NVS could see a 25-50% pop if the flu hits hard later this year. It is trading at $41.90. I’d buy it here with a $39.38 stop. At that stop, you’re looking at a 6% loss.
.
Not that I am going to get back to the level of daily updates and recommendations, but today I feel compelled to share two with you. I am recommending the following paired trade. This means you do an equal dollar amount of each.
Shorting USO – Oil ETF
Buying Long UNG – Natural Gas ETF
The only increase for demand of oil has been in the media and in the dreams of analysts that can get away with writing whatever they want. The spread between oil and natural gas is widening, so this trade provides a well balanced position. It may not be a short term trade.
My other recommendation for those that are following the H1N1 flu is Novartis – NVS. If the flu does hit as expected, we will see a surge in Novartis simply based on media hype and the fact that they are the biggest player in this market. Unless someone else comes along with something, NVS could see a 25-50% pop if the flu hits hard later this year. It is trading at $41.90. I’d buy it here with a $39.38 stop. At that stop, you’re looking at a 6% loss.
.
Subscribe to:
Posts (Atom)