by gumshoe | September 9, 2011 2:42 pm
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Travis, Two idea’s, they both are troubled companies and one is difficult to buy. Not your best work.
Listening to your latest market update you were bullish on the US dollar. Is there a way to invest without buying futures contracts?
Doesn’t sound like me — but if you are bullish on the dollar there are some ETFs that will give you exposure to the dollar vs. an index of other currencies. One is the Dollar Bull ETF from Powershares, info at http://www.invescopowershares.com/products/overview.aspx?ticker=UUP
Travis – I have to agree with Jennifer. To be spending time on an obscure 4 digit Hong Kong stock at this time is not a good use of your talents. It might be better spent weighing in on the big picture of whether the gurus like Porter Stansberry are going to be right, and the markets are going to implode OR whether Louis Navellier is right, and the adults are coming back to town, and (Navellier’s) stocks will be significantly higher by the end of the year. Either way, it would be nice to have lists to consider before we “Sell and go away” in September OR “Buy like it is 1984,” (stocks were significantly lower – and moved for three years until the 1987 crash).
Thanks for the comments, advantedges and Jennifer — I research what seems interesting and follow the thread as far back as I can, sometimes the teases turn out to be nearly as promising as the marketer implies, sometimes the story is very different … and sometimes, surprisingly enough, especially in recent months, the ideas are hard to trade on US exchanges. That’s partly a function of a world that’s becoming more global, and the fact that investors are fascinated by foreign stocks in part because they’re not commonplace and easily traded, and partly because this is the way some newsletters try to stand apart from the herd — anyone can recommend EDU, for example, but everyone also knows about it, so a different take on the “little emperors” is interesting to me even if, in the end, the stock has some hair on it or is only tradeable on an overseas exchange. A larger and larger number of active investors can easily trade in Hong Kong, Canada or London these days, so the barriers are coming down, but I do regret that this one turned out to be tougher to access and research — sometimes the string leads to a wall, not to a piece of cheese, but I learn something and hope to help others learn something even from stocks that many people can’t or wouldn’t buy.
If I had been writing for the free site I probably wouldn’t have been as blunt in my opinions, since I don’t want to sway people too much, but I certainly don’t write about an idea that I like every day — I write about ideas, usually, that are being heavily marketed and I hope that we can learn as much from stocks that are hard to buy or hard to like as we do from stocks that look delicious.
And thanks for the kind thoughts, advantedges, but my broad market soothsaying is much more likely to be wrong than it is to be right — I can sometimes help folks to understand individual investments, and that’s part of my goal, but I can’t pretend that I know whether Porter or Louis is right about the direction of the market over the next year … not that they really know, either, of course, though the loud voice of certainty tends to obscure the fact that no one knows how complex systems will evolve.
Regardless, thanks for your comments and I’ll take them to heart.
Travis, you’re absolutely right. There are more and more investors out there who can trade in foreign markets, and I am one of them. Your insight on stocks like Boshiwa & Agria are therefore invaluable. Even if I’m not interested in buying these stocks, the feedback allows investors like myself to surely get a broader picture. Keep em’ coming, and I hope you will not be discouraged to highlight less-known, less-‘interesting’ stocks like these just because there are a few who think its not worth their time.