Original post date: September 9th 2008
Removed copyright info and reposted.
Louis Navellier story with CEO begins (in my [REMOVED] archive) on October 22nd 2007 when CEO was approaching $200 per share after doubling in just a few months.
As Mr. Navellier and his friends usually do, he decided to buy CEO at its highest price ever: $180.84.
He was writing:
[REMOVED]
Buy Below: $191.58
[REMOVED]
The week after he moved his buy below limit to $225.20.On November 12th (while price got back to $161) he wrote:
[REMOVED].
One week later...
We are selling Netherlands’ [REMOVED], China’s CNOOC Ltd. (CEO) and [REMOVED].
Price was $155.25. An average 14% loss.
On January 14th Mr. Navellier told again his $5.000/year [REMOVED] subscribers to buy CEO. This time at $178.25. Please note: 15% higher than previous sell price...
[REMOVED]
Buy Below: $192.14
[REMOVED]
CEO went back over $200 in May 2008, but Mr. Navellier was probably napping that day. He waited until July 28th to tell his paying subscribers to sell CEO at $144.85. Another 18% loss for Mr. Navellier & C.
So, just to recap, from October 2007 to July 2008 on CEO Mr. Navellier made:
- 14% loss
- 15% missed profits
- 18% loss
No comments:
Post a Comment