by Travis Johnson, Stock Gumshoe | August 8, 2014 10:49 pm
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Thanks for the timely update on these stocks Travis. With volatility likely increasing in the next few months (and possibly longer) I think that your strategy of having top-rate investment managers running portfolios for insurance companies is a sound one. It will be interesting to see how Einhorn’s long-short method will work out for GLRE in the months ahead, and at below 1.2 x book value currently, this stock looks to me to be the ‘pick of the (above) bunch’ at present. I would appreciate an update of your thoughts on Africa Oil – a stock that I hold in the ‘bottom draw’.
I’d like to second that request about Africa Oil. It’s getting down there where it’s really tempting to buy a little more. Any thoughts on what’s knocked it down so? Good buying opp. here?
Travis,
I was thinking of you I was watching ARCO continuing to fall after you had mentioned your strategy. I agree this company still has great long term potential but I haven’t bought any shares yet. I had a recent bad experience with SILC as I thought I had made a smart play buying in at $30 after it had from fallen like a rock from $40 after earnings (stock was over $73 in July). At first my decision looked good as it appeared a bottom had been hit and it began to recover but…next day it fell off a cliff and eventually tumbled to around $26. I bailed out around $28.50 not so much because of how much it fell but the rate of descent was shocking to me over those few days and hours. What I did not calculate was the situation in the Middle East (company is based in Israel). One my holdings that is doing pretty well is Eldorado Gold (EGO) and it would be great to get your view on Gold in general in the near future.
V/R
Tom
Travis,
I started a position in CRTO the day before earnings and was delighted with their earnings and the raising of their guidance for the rest of 2014. The stock was up 11% after earnings and then dropped 12% on high volume over the next 2 days.
What’s your thought on the pps movement. It was disappointing following such good news. I would have thought since the pps was clobbered from 60 down to mid 20’s this earnings call would have been a springboard for CRTO to begin moving up.
I’d like to know your thoughts on the pps movement. Thanks in advance. Jennifer
Do you have anything on the latest teaser by Keith Kohl for the oil and gas trader? “Project Petroplex” Jim
On today’s teaser “Bankruptcy” could you tell us the “World’s Most Precious Commodity” Porter Stansberry is referring to in his teaser.
Thanks
Is that the ad in today’s email? Haven’t read it yet, but will check.
One thing I’ve noticed about Casey, Stansberry, and Steve Sjuggerud is that they are brilliant people who end up being WAY TOO EARLY with their recommendations an overwhelming percentage of the time. They spot, interpret, and report opportunities months to years before the rest of the market realizes what’s afoot and starts buying in big. So I put all their recommendations on a watch list, and every week I look for confirming signals from a bunch of technical indicators like MACD, RSI, Wiliams %R, and ADX. When I get the signal, their recos are nearly always profitable, but every time I’ve jumped on one at the time of their reco, I’ve had funds tied up for way too long doing nothing. Trading fundamentals has proven to be way more profitable for me than trading charts ever was, but using the technicals to pick an entry point after a reco has been made on fundamentals has improved my capital efficiency greatly.
Travis, with XRX sold, how does ARCO look to you now?