by Travis Johnson, Stock Gumshoe | April 24, 2012 12:48 pm
This is premium content. To view this article (and to have full access to the rest of our articles), sign up. Already a member? Log in.
Source URL: https://www.stockgumshoe.com/2012/04/two-more-small-add-on-purchases/
Copyright ©2024 Stock Gumshoe unless otherwise noted.
Ok, I’m going to buy the yearly subscription to gumshoe this week. I sold 1/2 my position in apple because of the all the negativity about the decrease in iphone sales from at&t and verizon. If I would have read your piece, I probably wouldn’t have sold 🙁 Which brokerage firm do you use btw…
I use ameritrade, fidelity, interactive brokers mostly — and like them all for different things.
That apple is going to taste good today!
Indeed — wish I was always this lucky when buying around earnings. Sometimes the chatter and the one-upsmanship of analysts who are all trying to come up with something new to say obscures the fact that it’s just a great, cheap, company with an overwhelming brand that’s priced for market growth but is currently growing at something like 10X the rate that would make any other big company pretty happy.
Is it still cheap Travis? I can only buy a share at a time every couple of months and seems like a lot of my $ in one or two shares, with that though I’d like to get in on some….again! Oh yeah I was in quite a chunk sometime early 2000’s for if I remember right about 68 bucks seems like I was up about 30 bucks a share and sold. Once it came back on my radar always seemed price was too much to risk on a few shares.
Mel Dorr asks:
Anyone know much about Lake Shore Gold (LSG)?
Not me — all I know is that it’s a miner who should be producing gold this year, and the stock has been clobbered … which is why I generally prefer the financiers to the small miners, they don’t have all the execution risk (ie, Sprott Resource Lending, one of my favorites and a stock I own, has both a gold loan and a regular loan out to Lake Shore Gold to help fund the mill expansion, so they get a nice return from LSG, including a 10%+ effective interest coupon if they draw down the credit line, some warrants, and exposure to rising gold prices from the gold loan, but don’t have to cry too hard if the company has further trouble).