One more incredible advice for Mr. Navellier and his $5.000/year newsletter Quantum Growth.
This time we are going to talk about Permian Basin Royalty Trust (PBR).
Since I started collecting Mr. Navellier issues I can find 3 trades regarding PBR. Maybe somebody could find older ones?
The first I have is a short term trade between May and June 2008. Here
is the story:
May 12th 2008 - close price was $24.18
Permian Basin Royalty Trust (PBT) [REMOVED]. The stock is a great way to profit from high crude oil prices and is a great buy.
Buy below $24.98
Buy below $25.56
May 27th 2008
Buy below $25.18
June 2nd 2008 - close price $23.16
Sell PBT
Only a 4% loss on this trade.
But after some time, in mid July 2008 Mr. Navellier decided to buy PBT again, at a higher
price than the one he sold in June.
July 14th - close price $24.56
Permian Basin Royalty Trust (PBT) [REMOVED], so I strongly recommend that you only use limit orders within 15 cents of the stock's previous day's closing price.
Buy below $25.35
Very short term trade: only 1 week before selling at $23.35 for a 5% loss.
The compound loss is some 9.5%.
But Mr. Navellier just decided to buy PBT again on September 2nd at $23.68, once more higher than previous sell price. We will keep track of it...
UPDATE
As reported here Mr. Navellier sold PBT on September 29th at $22.02 for a -7.01%
Total loss for the 3 trades is 15%.
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