I’ve been slow to catch up with letting you know the winners of our recent holiday contest, and several folks have been asking … so I’m very sorry to have been so pokey.
But today, I’m pleased to announce the three winners of the Stock Gumshoe contest, each of whom will receive a 2010 Proof Silver Eagle coin (as soon as I get their mailing addresses). The winners in our three categories are:
Post with the most comments: Gerard Waters for his post on Axion Power.
Best overall submission: lscherrer for his post on nuclear power and Paladin Energy.
And for the most interesting investment idea: Despite the fact that he implied an endorsement of his stock by yours truly, which is a bit of a stretch, Lysander72 wins this final coin for his piece on Terrex (sorry, “OurCo”) — and yes, though it’s more of a bet than is implied by the cash position (their polymer flood EOR has to work, and we won’t know that for a while), it is interesting. I still personally prefer holding SND to get my exposure to this risky little project cheaper and with some diversification, and have to re-build my SND position after taking tax losses in December (disclosure note: I have an order in to buy Sandstorm Metals if it hits my price, and I currently own some shares).
I’m contacting those winners to send them their prizes — if you’re an Irregular and want the grand exposure that posting your opinions on Stock Gumshoe provides, you can always opine away by clicking here.
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Have you gone drunk on your day’s AAPL gains ??
Ha! No, but days like today make me extra pleased that I decided (very belatedly, I admit) to get out of Corning, Cisco and Xerox and into Apple last year (though Cisco has recovered a bit, unlike the other two). Incredible quarter, still absolutely the best large growth stock in the world but priced at very little premium to the dozens of other large tech companies that aren’t growing anywhere near as fast.
And now they have nearly $100 billion in cash, about $100 per share … which is ridiculous. The biggest risk to Apple, other than suddenly releasing an iPad or iPhone that fries someone’s fingers off by mistake, is doing something stupid with that money … but it’s a nice curse to bear even if they aren’t making any money on that cash at the moment.
LOL – I know, I had the weekly Option (purchased from the high on Thursday) and was significantly down and then reading recent articles on why weekly options don’t work around AAPL earnings … feeling a bit ill quite frankly, but still believing (in Apple not the Options market). I’m now relieved and out.
If you are comfortable moving in and out of stocks (something I’m not good at … perhaps no-one really is, despite their vociferous protestations to the contrary), I’d get out whilst AAPL gets punished for doing well (ie. institutional investors sell at the high and hope to buy low … the opposite to what I do).
I don’t know if this will serve any of your readers well, as the majority of them seem far more experienced than I, but this is what has happened to me in my limited investing history (all 4 years of it):
I started on Margin buying AAPL just before the iPhone release, and saw how easy it was to make money – this share market thing is easy, right ? This was just before … AArgh ! … GFC and Steve Jobs’ health problems late 2008 ($80 share price with the equivalent of $25 in cash per share – almost entirely wiped out financially … me, not them).
I have NO faith in the share market anymore – and I’ve learnt that Apple’s performance (any company’s performance really) is only half the battle in the share market. It’s all about perception and John Donne’s theory that “no man is an island” – it’s not about being “right”, at least not in the short term – it’s about being as right or wrong as other people are, before they are.
Unfortunately, “I told you so” doesn’t bring the money back after the rally !
Thank you. Agreed, it is more than a bet. And there is a long lead time for results, I have owned it for 18 months and just now the initial chemical injection will be hopefully soon. I hope it was obvious that the idea of your “endorsement” was facetious. It’s a fairly proven method, the big question is how effective it will be. There is a huge difference between a 5% recovery and a 15% recovery. Cash is a definite concern. Have to admit I am now looking at Novadx, another Sandstorm investment. Seems to be a concern about management there.