Thursday, October 16, 2008

Louis Navellier and STP

Original post date: September 1st 2008
Removed copyright content and reposted.

Once more Louis Navellier told his $5.000/year Global Growth subscribers to buy a stock at its highest price in its history. This time it is STP.

December 17th 2007

Company: Suntech Power HoldingsCompany Ltd. (STP)
[REMOVED] BuyBelow: $84.77
[REMOVED] Looking forward, SunTech has a strong order backlog, so its future sales and earnings remain very promising.

Price was around $78.43

What do you think it happened after?

December 26th 2007
Buy below $95.49

December 31st 2007
Buy below $88.97

January 7th 2008
Buy below $81.02

January 14th 2008
Sell STP
Price was around $70.22

-10% in the best case.

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