Comments on: Navellier Continues Pounding Gran Table

By: Jerry

Jerry — Wed, 24 Sep 2008 12:35:13 +0000

Just found this site, very nice, wish I found it sooner. I subscribed to LN Blue Chip and Emerging Growth in late ‘07 based on a write up in Business Week. I’ve been very disappointed in both letters. Most of his recommended buys and sells have been quite poor and sold for losses and, as mentioned in other comments, he keeps touting how well the picks are doing and very very rarely mentions the poor picks. Granted, it’s been a tough year, but would have been much better off w/ out his letters. Don’t waste your money, stay away from LV letters. Hope it helps someone.

By: NeverLift

NeverLift — Tue, 15 Jul 2008 00:08:06 +0000

I have been a subscriber to Navellier’s Quantum Growth for almost three years. I spreadsheeted his performance for the prior year, after my first short-term subscription, and, based on that, started following his recommendations. My spreadsheet is very thorough, and even lets me test the results with just his top N stocks. Typically, N around 12 did best, and continued to do so.

So, I paid for a two year subscription about a year ago. And, over the last year, his picks have been disastrous! As of his July 7 edition, the return over the prior year was -37%. A 20 week MAV during that period has only once been positive.

My methodology is rigorous:
(1) It assumes that the QG-based portfolio is balanced every week.
(2) Since there is usually a pop on the Tuesday morning after he opens a stock, and a gap down when he drops it, I use the opening price of the following day for each newly added or dropped stock. Other than that, I use the close on the date of his newsletter, as published in the newsletter.
(3) I assume a stopped-out stock is sold at the stop price, unless it gapped down through that price overnight. In that case, I use the opening price of that day.

I’m still a subscriber, in that I’m receiving the letters because they are paid for, and still spreadsheeting the results — but I follow my own research now, and am doing far better than his recommendations.

Funny part is, each week he brags how well his picks are holding up in this topsy-turvy market — even though an equally-weighted portfolio following his rules is negative! In the week ending 7 July 2008, for example, the QG portfolio was down 7.99%.

By: fireball

fireball — Wed, 02 Jul 2008 22:03:38 +0000

i love the gumshoe. been reading for a long time. u are the best letter i get. i take lots of freebies that are going to make me millions if i just buy….. u know. guess it is time to make a donation or became an irregular. anyway when i look at the real stinkers that i am waiting to unload or already have unloaded all but one came from mister 10zillion percent. the other came from mister boots on the ground hsu. i think he wears those boots in case he steps in the manure he is spreading. thanks gumshoe 4 reality over greed.

By: Jeff

Jeff — Tue, 01 Jul 2008 12:08:26 +0000

I jumped on the bandwagon with this one at $8.17 and then watched it drop to the low $7 range, after a bounce back up I decided to dump it at my buy price since the stock seems a bit volatile, and being new to stockgumshoe, I didn’t realize how heavily promoted Navellier’s letters are. The hype of Navellier makes it difficult for me to trust his picks, even if he does have a good track record.

An interesting note on Navellier: I received an invitation to Quantum Growth at half price since I am an “Outstanding Customer.” I guess an outstanding cutomer these days means being on a mailing list–newsletter subscription sales must be slow given the current market turmoil.

Many thanks to the Gumshoe!

By: hosca

hosca — Tue, 01 Jul 2008 08:29:46 +0000

I suspect that Navellier’s grading system has an excessive focus on past performance of the stock’s price. It tends to grade highly stocks which have a history of rapid increase whereas stocks whose price decreased decrease also in grading.

Shortly saying, if Navellier has some stock a “strong buy” and then for external reasons (decrease of the whole market for instance) the stock price tumbles for 20% (no apparent fundamental changes detected), the stock will start to be rated “hold/sell”, although common sense would provide to the contrary for buying more for a more advantageous price.

Some recent examples from my observation: NOK GEOY SILC AMX