On his second issue of his $3.000/year Asia Pacific Edge, on May 12th 2006, Mr. Robert Hsu told his paying subscribers to buy COGO, writing sentences like:[REMOVED]
or
COGO [REMOVED] more than doubling from $6 to $13. [REMOVED] That's exactly the kind of operational performance I was looking for. [I COULD NOT REMOVE THAT...]
[REMOVED]
Buy COGO under $15 now for another 33% run to $20 in 3 months.
Buy price was around $13.78
Let's see now what Mr. Hsu was saying the following weeks, until he decided to sell on July 12th 2006. And we will also see what happened next...
May 17th - close price $13.18
[REMOVED]Continue to buy COGO under $15.
May 24th - close price $14.28
[REMOVED]Buy COGO under $15 for a run to $20 when market conditions stabilize.
May 31st - close price $15.72
[REMOVED] top buy [REMOVED]Buy COGO on dips under $15 for a move to at least $20 in three months.
June 7th - close price $13.52
[REMOVED][REMOVED] COGO is an attractive buy up to $15.
June 14th - close price $11.70
[REMOVED]
Hold COGO for now due to current market conditions.
June 21st - close price $11.24
[REMOVED]Continue to hold COGO.
June 28th - close price $10.97
[REMOVED]
Hold COGO in current market conditions.
July 5th - close price $10.89
[REMOVED]
Continue to hold COGO until we see stronger momentum, which I expect to be anytime now.
July 12th - close price $10.84
Take advantage of today's 6% bounce and sell COGO.[REMOVED]
A loss of 21% for Mr. Hsu and his $3.000/year subscribers on this round.
But what happened next? What if you bought when Mr. Hsu was saying "SELL"?
If you bought at $10.84 on July 12th, when Mr. Hsu was saying "SELL" you would have done a 66% gain in 5 months...
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