Tuesday, October 14, 2008

Louis Navellier and SQM

Original post date: August 10th 2008
Removed copyright content and reposted

Louis Navellier, the great icon of Growth Investing and editor af the $5.000/year Global Growth newsletter told his paying subscribers to buy SQM on April 7th with the following words:


Buy Below: $29.41


On that day SQM closed at $28.34

On June 16th Mr. Navellier rose the buy below price to $49.48

Stock Gumshoe was talking about Navellier's SQM promises some time ago.

SQM started very well for Mr. Navellier, moving from less than $30 to more than $50 in less than 3 months.

Unfortunately for his $5.000/years paying readers, Mr. Navellier does not like stop losses (steep trend, narrow trend channel, broken support) and the price went back to less than $35 (that is a -30% in less than 2 months).

If any of Mr. Navellier's readers really bought SQM at $49.48 at the end of June they would be now at around -30% on this play...


SQM closed under $16 last Friday and is currently in the Sell list of Global Growth with a Sell Above price of $19.65.

  • -30% for Mr. Navellier
  • -60% for those who bought in June

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