2013 Turkey of the Year: Dry Holes in the Ocean

Happy Thanksgiving from your friends at Stock Gumshoe! Plenty of turkey here for a week's worth of sandwiches.

By Travis Johnson, Stock Gumshoe, November 27, 2013

Fanfare, please! It’s time, once again, for the Turkey of the Year announcement!

Every year, as millions of American families place a golden-brown turkey ceremoniously on their Thanksgiving table, we here at Stock Gumshoe try to pick out the most overcooked, overyhyped, and overstuffed turkey from among the hundreds of stocks we’ve written about in the past year. And yes, we make sure to pick only the one that’s already been chewed down to a carcass.

I should start by telling you that we’re really not trying to be mean, or to claim that the person who suggested this turkey is necessarily a lousy stock picker — everyone makes lousy picks sometimes, and we don’t know the “real” record of many of the folks we write about, we know only about the huge, outsize promises they make in their hyperbolic advertisements. The ads are pretty much all over-the-top, which is why we love them, but it’s only fair to see if their picks ever match that promise.

Nor are the stocks that we single out as Turkeys each year necessarily terrible investments for the year to come — though they tend to be lousy in more than one way. Gasfrac (GFS.TO, GSFVF) made the cut last year as our Turkey of the Year and is actually up a little bit over the last twelve months since that selection, though the neck-and-neck second choice, Poseidon Concepts, ended up going bankrupt a few months after Thanksgiving. Before that it was Tengion (TNGN) earning the coveted Turkey spot, a stock that was a regenerative medicine darling for a brief while and fell about 80% after it was teased … and has fallen another 90% since, serving as a nice cautionary tale to all the “regenerating body parts” investment enthusiasts out there (I’m looking at you, Organovo, you scare me!) as well as all the folks who see a stock that has fallen 80 or 90% and say, “hey, it can’t fall much further!” Remember — a stock, at whatever price it might be on a given day, can always lose 100% of its value.

Previous winners include Raser Technologies, which went bankrupt, and SuperMedia, which ended up going through a “lets go bankrupt together” party with Dex One and then merging with them, to create a new “new Yellow pages” company, Dex Media (DXM) that for some reason continues to attract at least a few shareholders (if you’re counting, yes, that means three bankruptcy filings for the combined company in less than five years), but at this point the stock — for those persistent few who held on through the bankruptcy — is, I think, only down about 50% or so since that won the Turkey Prize in 2010.

It’s been an unusually good year in 2013 (and late 2012) for the teasermeisters — we’ve been tracking the stocks that are teased and promoted by investment newsletters since 2007, and rarely have we seen a spread of stocks like you’ll see today in the Stock Gumshoe tracking spreadsheets. There are not a lot of stocks that have doubled or put up spectacular returns of several hundred percent as we were led to believe they would by the over-hyped ad pitches, but there are more that have gone up than down, and by a wide margin. And the average pick is up — only 11%, but still up (this is all simple averages from the time the stock was teased to today — nothing annualized or relative to the S&P, so for many of them the luck of when they were picked is important … like the lousy timing of the Mortgage REITs that were picked as “spread trusts” just before the interest rate panic in the Spring, some of those were down almost enough to be Turkey candidates).

It shouldn’t be a big shock that the teased stocks have largely been halfway decent, I suppose — it’s been a nice bull market for most of the past twelve months, with the S&P 500 index up better than 25% and a rising tide lifting almost all boats (unless your boat was made of silver, gold, graphite or another mined commodity), so we should expect that some stock pickers did well. Personally, my portfolio return has trailed the S&P this year, mostly because of a heavy weighting in commodity-related stocks.

So even though the overall picture for teased stocks is better than in a typical year — partly because we haven’t seen any of the stocks picked this year go to zero yet or lose 99% of their value, which usually happens for at least one or two of ’em — we do like to take the chance every Thanksgiving to, well, give thanks for the reality check that a nice strong whiff of the hyperbolic teaser ads gives us, for the interesting ideas that they sometimes send our way.

And more importantly, we like to emphasize the risks of buying a “story” or falling head-over-heels for a pitch by singling out one “Turkey of the Year” — one of the worst offenders in the world of hype and tease, and one of the worst few performers over the last twelve months. Pretty much every stock pitched by the newsletters and their copywriters in this way is a “guaranteed double” or a “possible 1,000% gain” or opportunity for “life-changing wealth” so we can’t narrow it down based on who makes the silliest promise … but we can find the promise that we think led to the most disastrous performance.

So who’s our “Turkey” this year? Well, even in a good year there were several decent candidates that lost more than half their value after we’d been “promised” that they were headed for the moon. We restrict the search to just the last twelve months, and base it on the overall return, not on any kind of annualized return or a “versus the S&P” relative return, we’re simple folk and we look just at the basic numbers for this purpose.

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Top candidates included a few explorers and miners, like Eurasian Minerals (EMXX) teased by Karim Rahemtulla and Exeter Resource (XRA) teased by Chuck de Castro, both of which are down about 50% since they were pitched earlier this year … but really, that’s just too easy and none of them stand out from their peers much — most of the small gold stocks are down roughly as much or more.

And I was sorely tempted to give the win to North American Palladium (PAL) as teased by Peter Krauth, partly because he wasn’t teasing just the stock but also call options on that stock, which would have probably meant a 100% loss instead of the 70% loss we’ve recorded on the common stock on the spreadsheet.

We might even have to almost call it a tie, since PAL has collapsed in price even though the core metal they are mining, palladium, has only dropped about 15% since the teaser pitch came out in the Spring, holding up better than gold, silver, copper or most other commodities. So they can’t blame the metal for this one.

But no, we’ll stick with our guns and I’ll make the call for a single winner of the “Turkey of the Year” — and I’ll give this one the edge not only because it could have made it as the “Turkey of the Year” in 2012 as well (and arguably even in 2011), but because it was the single worst-performing teaser pick of this past year… and because I also owned it for a little while.

So yes, the Turkey of the Year for 2013 is HRT Participacoes (HRP in Canada, HRTPY on the pink sheets), the Brazilian oil explorer that has found gas in the Amazon, where no one seems to want it, and has found not much after drilling three expensive holes offshore Namibia, where hopes were high for the next big deepwater oil find to rival the nation-changing discoveries across the South Atlantic in Brazil.

Disagree? Feel free to share your favorite turkey candidate with a comment below.

HRT Participa is also a good example of the kinds of “story stocks” that can work out either very well or quite terribly — a company with a high-profile CEO and lots of cash to spend on a big exploration program … and these kinds of stocks have a tendency to catch the imagination of novice investors on the search for potential 1,000% gains on a big oil discovery … especially when, as with HRT, they’re relatively large and have a “name brand” and some media coverage — even after falling quite a bit for two years, HRT was still a That’s the sentiment that these kinds of newsletter pitchmen use to get new subscribers — in this case the pitch for HRT Participa was made by Byron King for his pricey Energy & Scarcity newsletter, and he stuck with it for a very long time (he may have been in and out of it over the years, I don’t know, but he first touted the predecessor in 2010).

The initial tease for this stock came before it was HRT Participa — back when it was little explorer UNX Energy in 2010 Byron King promised great things as they searched for oil in the “oil kitchen” offshore Namibia, a known gas area that geologists were convinced also hid a big oil field that was the “kitchen” feeding the large (and as yet untapped) offshore natural gas field in the same neighborhood. It was a convincing story, partly based on the fact that this part of offshore Namibia would have been right next door to the huge oil discoveries beneath the deep water offshore Brazil back in the days before the African and South American continents separated. It just made sense.

But little UNX, after being driven up by this potential and hope, ended up being acquired by HRT Participa early in 2011 — which would have worked out well for many UNX shareholders if they had sold then, since they got more than half of a HRT share in the takeover and that would have been worth close to $5 if sold at the peak (a several hundred percent gain from King’s first teaser pitch), but, of course, many of those shareholders continued to believe in the as-yet-undrilled promise of offshore Namibia and they held on. And why wouldn’t they? HRT Participa was led by CEO Marcio Mello a man who many believed was a key figure in the discovery of the Tupi field and other discoveries offshore Brazil (he was a Petrobras executive before founding HRT as an oil services firm, then turning it into an oil and gas explorer).

But after HRT took over, and in taking over UNX also got a Canadian listing, we were left with a stock that fell precipitously in 2011 to $2 and then doubled in the first few months of 2012 on optimism again until HRT ended up being just under $4 when King teased the Namibian offshore promise again, again using the “oil kitchen” pitch, in March of 2012.

In the months that followed the stock was on a pretty steady slope downward — which is why I say this could have been a “Turkey of the Year’ contender in 2012 … but by Thanksgiving last year it was only down by about 60-70%, not enough to bring it to the top of the list in a year that had quite a few stinkers. And while things looked tough, since the only other explorer who was drilling offshore Namibia anywhere near HRT’s blocks had failed to find commercial oil on their try in the fall of 2012, HRT still hadn’t done any drilling. There was still considerable promise and hope, and they also did a nice job finding some significant gas reserves in the remote Amazon.

Which brings us to the most recent tease, the one that finally earned them the “Turkey of the Year” in 2013. It was in late March that Byron King’s Energy & Scarcity Investor told us this little 91-cent oil company was about to take on “Energy’s last great frontier” with a drill just hitting the seabed — with King’s special secret contact at the company calling him in the middle of the night to alert him to this exciting development.

And most compellingly, though he was careful to say it was a penny stock and that he thought the odds were 50/50 that they’d hit paydirt on this first hole, with two more wells to be drilled after that to give more chances, he talked about it as a lottery ticket kind of play and put some numbers out there to get us daydreaming:

“If the drilling finds what I believe is down there, I could see the share price going to $5 when the results are announced. And then, over time, I wouldn’t rule out $15-$20 per share.”

King wasn’t the only one to see exciting possibilities in HRT, of course — not only did Marcio Mello keep talking up the potential (he said — not long before they released their first well results — that he thought investors who sold “would be sorry” and that he was baffled at the doubters), but others were clearly on board as well — the talk of 10 billion barrels of oil maybe being in these offshore blocks in Namibia was enough to make a lot of folks want to take a chance that their geologists were right.

Including me. I took a small speculative position to ride out the first drilling and see if the stock might become a gusher on an oil discovery (as Africa Oil did, quite pleasantly, the year before, and as happens every year when a few explorers hit the big time around the world).

Here’s what I said when I wrote up that teaser:

“The stock might end up doing well if they discover a good quantity of commercial oil, but to make life-changing amounts of money on the stock, unlike with a $1 lottery ticket, you’d have to risk a meaningful amount of money. So get the lottery ticket idea out of your head, think instead about option trading — HRT Participacoes is more like a call option on oil exploration offshore Namibia. It might go to zero, the last two years teaches us that it might drop gradually over a long period of time and frustrate you, or it might go up several hundred percent quickly if good news comes. And if you know which of the three is most likely, well, then you’re better at predicting what’s under two miles of water and a mile of dirt, rock and salt than I am.”

Unfortunately for all concerned, the drilling did not go so great. The first well, Wingat, found important source rocks … but no oil reservoir, and Marcio Mello either resigned or was forced out as CEO less than a week before those highly anticipated results were published. That’s when I sold my shares, at about a 30% loss. The second well, Murombe, found more evidence of an oil system … but no commercial oil potential. The third one, Moosehead, was officially called a “dry hole.” So, as they noted in that last press release for Moosehead, they learned a lot about the potential offshore Namibia from this first drilling campaign (which cost upwards of $200 million), but it’s time to step back and make new plans for 2014 and 2015.

What will become of HRT Participa? Well, it’s down to 14 cents a share now in Canada, stepping down further in price each time results of those first three wells were released, and then continuing to dwindle down in the month following. And they still have some cash and liquid assets, though the liabilities on the balance sheet have caught up to those assets to some degree and so investors have traded the shares down to less than their cash on the books. That’s a pretty hefty level of pessimism, but given their performance this year it’s hard to say it isn’t deserved — HRT Participa was shooting for big fish and caught nothing, and they seem to not quite know what to do with themselves now.

So there you have it — the risk was clear from the beginning for those who saw it without the blurring effect of those potentially dramatic riches, and sometimes when you take a risk there isn’t any reward. That’s what “risk” means.

Except the pumpkin pie, which ain’t a bad reward. Enjoy your Thanksgiving… and if, like me, you had a little slug of HRT Participacoes in your portfolio this year, well, I think you deserve maybe even a second piece of the pie. And some extra whipped cream.

P.S. Did I mention that my portfolio has not been spectacular this year? Well, in the interest of fairness I’ll also tell you about my own personal “Turkey” of this year — I write up a stock idea that looks appealing to me almost every month for the Irregulars, and of those the worst one I’ve suggested in the last twelve months has been Rosetta Stone (RST), which is down about 30% from when I suggested it as an appealing idea from the Value Investing Congress in the Spring (and yes, I own it too).

I’ve had stocks go down more than that in the past, and have sold some stocks this year at losses of greater than 30% (like Sandstorm Metals & Energy, for example), but that’s the worst performer of the last twelve “Idea of the Month” picks in these parts. Of stocks that I own personally and write about often but that haven’t been a monthly pick this year, the worst performer for the year among that group has probably been Sandstorm Gold (SAND), which I still own as a large part of my gold allocation and which is looking super-ugly after gold’s fall this year. I even singled that one out as one of my favorites for the year back in January, so I can certainly pick some stinkers and have bad timing, too.

Shall we have a group cleansing as we approach the end of the year? Anyone who wants to step up to the front of the class and admit to their worst buy or sell of the year, feel free to share — just use the friendly little comments box below. Sometimes you have to grieve publicly to really cleanse yourself, it’s good for the soul. Who knows, maybe we’ll all learn something.

If you’ve never lost money, you can stay quiet. Stuff some turkey and cranberry sauce in your mouth. We love you, but we don’t wanna hear it.



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tjw398
Member
👍0
tjw398

First post for me, so ‘confessing’ my worse loss seems like a great place to start.
New Gold (NGD) down about 39%. I have always been a Gold/Silver bug so have definitely taken some hits this year.
Thanks for the article Travis, I have been loving the Stock Gumshoe service.
Happy Thanksgiving

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Dick
Guest
Dick

NQ that was bad and today I have BLOX. Some days the frustration level is almost to high to bear.

Ed Morgan
Guest
Ed Morgan

I bought 100,000 shares of APDN at .1625 cents per share. It is now down to 11 cents per share. I also bought 5,000 shares of NBS ( I have a pathological liking for biotech) at $7.52 per share and it is now down to $6.32 per share. Come heck or high water, I intend to ride them through the first quarter of 2014.

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vivian lewis
Guest

Never buy a Brazilian stock which is touted without the accents. Participacoes has two which I cannot import into this note from my USA keyboard.

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Sam
Guest
Sam

I bought NUAN at $15.50 and the stock crashed yesterday to $13.10…. It’s a long term position for me, I’m probably going to ride it out for 2 years.

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poppajohn
Irregular
👍27

Worst decision is believing that the market correction would come with the irresponsible government shutdown. Heavy in all metals so overall down 10% for the year. Worse choice, SAND down 21%.

takeprofits
Guest

No question about the “Turkey” pick, and yes I will confess, I still hold 100 shares. Made out just fine with UNX when bought out, and again sold HRT on runup, so Big Deal, Byron King made me a lot of money over the years, best current holding Reservoir Minerals, a free spinoff from Reservoir Capital bought @ $1.35 the point is indeed TIMING and reducing risk when things are uncertain. The 100 shares I am holding are now not worth selling, so may linger in my portfolio for years, and you knows, the company might resurrect on some new… Read more »

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moxadox
Member
👍20
moxadox

How about Petrobras (PBR), another Brasilian petroleum exploration company, that has dropped nearly 9% in the two months I have owned it? It hasn’t hit my stop yet, and I haven’t got a whole lot in it, so I’m riding it out, but….I think it’s a skunk.

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John Reily
Guest

Last month I thought I bought NALY and SAND at the bottom. Duh!

Foolmetwice
Guest
Foolmetwice

I bought 40,000 shares of Premium Exploration, Inc. (PMMEF) at an average price of fifty cents. Today, after a reverse stock split, I think that my “investment” is worth about $500. Try to top that. Thanks, Nick Hodges.

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frankw17
Member
👍1271

I bought AFFY at$16, rode it to $28+ and it started to deteriorate back down to $16 until
2/22/13 when it closed at $16.52. On Monday, 2/25/13 it opened @ $2.49 after the
Japanese pharmaceutical company backing it pulled the funding on AFFY over the weekend. Needless to say, I’m very leery of small bio-techs now! BTW, it is now trading at
$.80 per share.

Cutting
Guest
Cutting

Bought CNDO @ $10. Crashed to $1.25 after this event: http://finance.yahoo.com/news/coronado-biosciences-announces-top-line-123000532.html
it is a 3K Turkey.. 🙁

Allan
Guest
Allan

I’m going to say 2 words: Nor-Tel.
Learn from your mistakes
Happy thanks giving,
Remember: Those who indulge, bulge.

Prof Ed
Guest
Prof Ed

My pick for worst newsletter Turkey of the year was Mining Speculator. The year’s market was awful to anyone with staying power in commodities. Poor Mining Speculator became the roost for a flock of turkeys. I do want to add that in past years, I’ve made money in Mining Speculator’s picks, and I will stick with that one.

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David Brown
Guest

Biozoom (BIZM) was highly touted this year for a supposedly miraculous medical testing device and it zoomed right down to zero just after it hit about $4 per share. Gobble Gobble

Malcolm Jensen
Guest
Malcolm Jensen

I rode up and then way down with BIZM; can’t remember how I heard of this “opportunity.” Anyone have any idea if this is still worth keeping?
Thanks.

pancholin
Member
👍0
pancholin

My wife bought BIZM and rode it up. She sold for profits around $3 but got greedy and bought back some shares at $3.81. I did some due diligence into the people behind the stock and I decided they were dodgy. I told her to get her money out but she kept the shares because it wasn’t a lot of money. My wife ended up selling her shares at .17 and she was lucky to get that!

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Perry
Guest
Perry

I too have HRT, big ouch there. They are down, but I don’t think they are out yet. Maybe they will surprise me one day. lol

The Brell
Guest
The Brell

Thought I had a bargain buying 1500 shares of SAND at US$ 8.20 per share and gleefully tucked in to Pretium Resources (PVG) at US$ 6.30 on the fanciful notion that it was lingering somewhere near the bottom of the seabed….until one of their evaluators resigned in October 2103 which gave rise to class action against the directors for making false and misleading statements on their gold reserves. The share price performed a near-perfect high cliff swallow dive (to below US$3 a share) which would have earned it a gold medal as an Olympian. To be fair though, the stock… Read more »

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Ventureshadow
Guest
Ventureshadow

Byron King rules “Outstanding Investments” for Agora. Several editors prior to King this newsletter’s picks scored it among the few best. How things have changed. Byron King gave an enthusiastic recommendation to HRT Participacoes (now HRT Participa) in Outstanding Investments when initially listed over the counter at $10. It is now $0.14 and its chart shows a nearly continuous fall. Advisers are supposed to show discipline in selling stocks when the price falls and in distinguishing gambling from investing. This raises the question of “who is he anyway, and why should anyone follow him?” The answers are in the HRT… Read more »

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pancholin
Member
👍0
pancholin

Around my house, he is known as “Buy-wrong” King. I lost plenty on his recommendations. Not just HRTPY but HREE and Reservoir Crapital. While my mistakes have been costly, I will recover. Never again will I follow him or his buddies at Agora with their outright lies. Fool me once, shame on you, Buy-wrong; Fool me twice, shame on me. Or to quote the previous Bushism “There’s an old saying in Tennessee — I know it’s in Texas, probably in Tennessee — that says, fool me once, shame on — shame on you. Fool me er, ah— you can’t get… Read more »

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R. Meyer says
Guest
R. Meyer says

Not a big speculator , thank goodness. Picked lousy micro’s; DMNKF -78%, IAALF-76%, SENY-50%and CLDS-75%. Hope next year the winds change direction.

Al Rutherford
Guest
Al Rutherford

Bought SAND at $15 and watched it go to $7, bought some more and watched it fall to where I either double down or hold until they make some money. Will probably not do anything until the chart makes a genuine bottom. This is my turkey of the year. Still far from being my all time turkey, however, which went to zero. One thing I did learn. You have to have the guts to set a stop when you purchase. You can believe I’ll be doing that from now on.
Happy Turkey Day all.
Al

linnagey
Member
👍0
linnagey

I, like many others got SAND in my eyes and in my wallet. My turkey(which I am still holding) is going to be gritty this year…………Lyn

Tzvi Yisrael
Guest

The last part of the Turkey that jumps over the fence, sometimes doesn’t take some stocks over with it…. In my case the two bad crashes came from SAND and TRU (now TRUU) . Both where touted as “no-risk” 2013 stocks, but obviously not when I got in!! Enjoy your Turkeys!

theblindsquirrel
Guest
Jim Skelton, The Blind Squirrel

OK .. this hurts on several levels. But sometimes The Blind Squirrel ain’t only blind but a bit stoopid as well. Here’s my Turkey for 2014. And a couple thought to remember going into 2014. Two weeks before the deadline date for Government debt default, and with the cage match between Red and Blue in full tilt, I thought I saw opportunity in the VIX index. Thought I understood that animal. I didn’t. Bought about twice what I would do when thinking sanely around $40.00 per share. Within the next 10 trading days I watched as the price slid down,… Read more »

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Pete
Guest
Pete

Last time I checked, a 20% loss required a 25% gain to get even. The double up applies to a 50% loss – lose 50%, you need 100% gain to get back to your starting price.

hipockets
Member
👍1233

Happy Thanksgiving to Travis, Lynn, The Thinkolator, and all the Regular and Irregular members. May the Spirits of All Great Investors always reside within us.

P.S. – Hey Travis – Please don’t feed any of the potential turkeys to The Thinkolator! “>)

Paul R
Guest
Paul R

When you first mentioned “Turkey of the Year”, I immediately thought of HRT, but I thought it was pumped prior to 2012. I was so glad you gave the award to HRT. It is not only the worst of the year, it is by far the worst stock pick I have ever made. Byron kept pumping it even after the first and second drilling failures. He did what most investors are taught to not do!. He fell in love with the stock. He had so much admiration for Marcio Mello that this stock could do nothing but be a spectacular… Read more »

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john hryma
Guest
john hryma

We all have Turkey Stocks. What about the one bagger, two bagger or the ten Bagger? My belief is don’t look for a home run; Look to get on first base take your profits and run. I’ve been burned too many times waiting for a home run. They do exist I know. But when others are jumping in we should be jumping out. I’m a retired Canadian. Recently they had a Stock on the Venture Exchange. Some of you may know about it. I first saw this Stock LXV at .48 cents. I read about it. LXV was show casing… Read more »

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Thomas
Member
👍50
Thomas

Bio’s and gold are my downfall. vxx -1500, vicl -1000, gsfvf -1300, zlcs -1200, nem -2200, dcth -1100. Nem could have been worse, I sold at 29 now at 25. I bought 100 shares of Sand today, we shall see how close to the bottom we are.

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Dean s
Guest
Dean s

My turkey is PAL. I am however hopeful. I just bought a bunch more.

Sharon R
Guest
Sharon R

Me, too. But, have you seen anything that would justify hope? I’ve averaged down and down, but I’ve finally given up on that approach (I hope). It’s beginning to seem like my experience with XIDE, which ended in bankruptcy. Oh well – at least GOOG is still paying off.

Rick S.
Guest
Rick S.

Didn’t lose anything on HRT but I have a whole portfolio of Byron King’s recommendations that have all lost at least 95%. My rule is NEVER buy anything King recommends and you will at least have a fighting chance. When I bought his overpriced letter I thought paying a premium would get premium results. Boy was I wrong! I still have some of of his turkeys like Stans energy and Brownstone energy and I have lost bundles on both these “sure fire winners.” King’s miserable performance prompted me to stop all contact with anything that has the Agora odor except… Read more »

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johnsitch
Member
👍0
johnsitch

My turkey is PMMTF. My initial buy-in was at $6.51 to day it is at $2.087. It was paying 9-10 cent per share per month now it’s only .0345 per share (Is that a Turkey or what) but wait there is more than on way to skin a cat. See you will not see much info on the NYSE except the charts have been positive for more than 10 years running without a miss or reduction in dividends & great RSI /direction (only to lows end off 2007 & now). Up till 5 months ago (Dollar for dollar{flying low under… Read more »

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johnsitch
Member
👍0
johnsitch

Forgot Dividends so this year on PMMTF is $1558.90 not to bad but, .10 X 5000 x12= $6000 would have been nicer and it would haven been much higher if I would have had if I would had the 5000 for the get go.

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canonfodder
Member
👍82
canonfodder

I have a thing, (a turkey now, but I keep hoping), it is WTER, the Alkaline Water company that makes a fortified alkaline water and is making great progress at improved distribution. They have nothing but good news from a business standpoint, but either someone is shorting the stock viciously or the investing public is just bored. I am down about 24% presently on a pretty good chunk of my risk portfolio and the stock goes up and down 3 or 5 % with somewhat regularity. It just doesn’t keep going back up. Quit now? NOT ME. STUPID ME? We’ll… Read more »

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Leo
Guest
Leo

Speaking of agora financial. they convinced me to sign up for a couple of their newsletters after I followed them for a couple of years. No help. I finally came to the conclusion that I would quit accepting e-mails from anyone with “secret”, “by midnight tonight”, or “this one weird trick” in their sales pitch. Happy thanksgiving.

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minotaur43
Member
👍0
minotaur43

Agora’s picks should be played as a contrarian !

Ed Invests
Guest
Ed Invests

If you included all of the pump and dumps of the year, you would have had a column that would take the entire holiday to read. I am a great believer in the fear/greed equation that is dominated by greed. It seems to be a great way for most newsletters to gain membership. I am only puzzled as to why they stay in business.
Happy Holiday to both you and the robot!
Ed

danielj1960
Member
👍62

Happy Thanksgiving to Travis and everyone in the Gumshoe family ! I have learned more about investing here then anywhere else on the web thanks again.

tchris
Member
👍86
tchris

Well, I bought AEZS one day to have it crash on the next. Down 37% as of today.

hollowaygl
Irregular
👍0

The blind squirrel need remedial math. A 20% loss requires a 25% gain to break even.

Calvin Smith
Guest
Calvin Smith

HRT was billed as high risk, high reward.
Buying in I knew it would be a home run or a strike out.
That is why I keep those spectulative positions small. Cal

Stan Linco
Guest
Stan Linco

Be very wary of anything touted by James Altucher. He had wonderful things to write about PTRC and CRRS (which he’s on the board of) and they both plummeted, Petro Resources has completely cratered from 30 to 2 cents, bouncing back to 6 and do