Just a quick note to give the Irregulars a little bonus information: it looks like both Louis Navellier and the Motley Fool’s Bill Mann are currently touting the same company, General Steel Holdings (GSI). That doesn’t necessarily mean that it’s a great pick, but after reading Bill Mann’s ad for the Global Gains service and researching the company a little bit for today’s writeup on the main site, I’ll admit that this one has my attention.
And the fact that Navellier is writing about the same company in his ads today, from a different perspective (Global Gains tends to have a value-focused approach, Navellier a quantitative growth approach), means that there are probably compelling reasons to look at the company both because of earnings momentum and the underlying business potential. It’s relatively rare to see one company touted by two large newsletters at the same time in their ads, especially newsletters that have somewhat different approaches, so that also might push this one in the short term (though it’s down now). I might consider a small speculative gander at the options today if I weren’t prohibited from trading in these shares, or even a nibble at the stock itself (by my own rules, I can’t buy or sell for three days after writing about a company). If you do look into this, it’s always wise to take profits if a newsletter’s push — like Navellier’s, for example — ends up boosting the shares by an appreciable amount in the near term, and remember that it certainly doesn’t always boost the stock in the short term — it’s early yet, but the shares are down a little bit as I type this.