Sunday, October 12, 2008

Louis navellier and PBT

Original post date: September 3rd 2008
Removed copyright content and updated.

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

May 19th 2008

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
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...


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%.

1 comment:

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