Original post date was September 8th 2008
Removed copyright info and reposted
On Sunday, Sepember 7th 2008 I received the usual spam from Mr. Navellier. This time it is very interesting because Mr. Navellier writes about a huge 22% gain in one day that is one month ago and for a stock he did not own at that time.
I am sure many of you got the same message, but for those who missed it, here it is:
Good. It seems like we have a stock ready to skyrocket. Which stock is that? When did it gain 22% in one Friday session? How much Mr. Navellier gained with it yet?
Question 1: the stock is Thoratec Corporation (THOR).
Question 2: THOR actually gained 21.91% on Friday August 1st 2008, closing at $22.87 against previous day $18.76.
Question 3: Mr. Navellier gained NOTHING from that 22% jump. In fact he added THOR to his portfolio on September 2nd, at around $26.71. His $5.000/year paying subscribers bought it the following day (September 3rd between $26.81 and $27.93). Last Friday it closed at $26.22 for just a tiny little loss.
So, Mr. Navellier writes: "The [REMOVED] top healthcare stock popped 22% in one Friday session—just as we expected".
I would like to ask him: If you just expected it why didn't you buy THOR on July 31st at $18 instead of September 2nd at $26?
Let's give Mr. Navellier some time to see if his forecast will come true. For now the main point is that he shouldn't praise himself for a 22% in-a-day profit he MISSED.
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Good. It seems like we have a stock ready to skyrocket. Which stock is that? When did it gain 22% in one Friday session? How much Mr. Navellier gained with it yet?
Question 1: the stock is Thoratec Corporation (THOR).
Question 2: THOR actually gained 21.91% on Friday August 1st 2008, closing at $22.87 against previous day $18.76.
Question 3: Mr. Navellier gained NOTHING from that 22% jump. In fact he added THOR to his portfolio on September 2nd, at around $26.71. His $5.000/year paying subscribers bought it the following day (September 3rd between $26.81 and $27.93). Last Friday it closed at $26.22 for just a tiny little loss.
So, Mr. Navellier writes: "The [REMOVED] top healthcare stock popped 22% in one Friday session—just as we expected".
I would like to ask him: If you just expected it why didn't you buy THOR on July 31st at $18 instead of September 2nd at $26?
Let's give Mr. Navellier some time to see if his forecast will come true. For now the main point is that he shouldn't praise himself for a 22% in-a-day profit he MISSED.
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