by Travis Johnson, Stock Gumshoe | April 7, 2014 6:22 pm
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Travis recently you mentioned the stock that is your biggest holding, one i wasn’t familiar with so either Altius or Ligand. My question is would you buy it at today’s prices. I got interrupted last week so now this may sound disjointed. Thanks
Jana
I would and have added to both Altius and Ligand at very close to today’s prices, though at these prices I’ve been nibbling and not putting on big “bets”. Ligand is a momentum stock to some degree, and very growth-dependent, so it could easily move up or down by 30% without real news. Altius can also fall, though a fall would be most likely based on faltering potash or iron ore prices at this point or just a general downtrend in the natural resources sector. Altius is currently my largest personal equity position but it’s been unusually volatile in part because Dan Ferris has been banging the Altius drum in recent weeks for his Extreme Value subscribers.
Thanks!
On a different subject, I just ended a 10 day trial of “high octane trader” (Hillary Kramer). If it is appropriate and if anyone is interested I’d be glad to share my experience. If there is a better section to post this please let me know.
Hi Jana, if you can post your experience as a review here it would help the most people: http://www.stockgumshoe.com/reviews/high-octane-trader/
Thanks! We don’t have any subscriber reviews of that letter yet.
Has anyone heard of Lee Lowell “Cash Codes” and any feedback?
I haven’t written about him in a long time, but last I looked his program essentially sells puts for income. Volatility is fairly low still so it’s hard to make a lot of money, but selling options can be a pretty steady way to make 10-20% or so, sometimes more — with, unless you’re lucky or very skilled at trading, occasional blowups where you lose six months worth of income overnight on a put that’s exercised or, if you’re selling puts, on a rapidly falling market.