Tuesday, October 28, 2008

Another Quantum Disaster

This is not a good period for Louis Navellier's Quantum Growth subscribers. There have been so many losing trades that I would be very upset if I were one of the $5.000/year ($100/week) paying subscribers.

Mr. Navellier and his marketing department do not know what to write in their spam messages in order to attract fools new subscribers.

Read this sentence from his last Quantum Growth spam:

For the past 23 years, I’ve helped my readers build wealth in all markets and at all times—even in this market.

Well, just read this blog and you will see how much wealth his readers built in this market. But this is such a juicy topic I will dedicate a full post to it.

Let's move on with this week quantum sells. There are 12 sells:
  1. Chart Industries (GTLS)
  2. Cliffs Natural Resources (CLF)
  3. EMCOR Group (EME)
  4. Flowserve (FLS)
  5. FMC Corporation (FMC)
  6. Gerdau (GGB)
  7. Insteel Industries (IIIN)
  8. NII Holdings (NIHD)
  9. Peabody Energy (BTU)
  10. Permian Basin Royalty Trust (PBT)
  11. Starent Networks (STAR)
  12. Terra Industries (TRA)
Before looking at the performances of these trades, let's have a quick look at last week's Top 5 Stocks.
  1. [REMOVED SINCE STILL IN PORTFOLIO]
  2. Cliffs Natural Resources (CLF) was up big today. [REMOVED DUE TO COPYRIGHT]. The stock is an outstanding buy!
  3. Terra Industries (TRA) [REMOVED DUE TO COPYRIGHT]. Terra Industries is an outstanding buy.
  4. FMC Corporation (FMC) [REMOVED DUE TO COPYRIGHT] The stock is an outstanding buy!
  5. Gerdau’s (GGB) earnings rose more than 23.6% [REMOVED DUE TO COPYRIGHT]. The stock is a great buy, especially in anticipation of a great third-quarter earnings report.

Let's also have a look at last week's new buys:

  1. Chart Industries (GTLS) [REMOVED DUE TO COPYRIGHT]. GTLS is an outstanding buy.
  2. Cliffs Natural Resources (CLF) [REMOVED DUE TO COPYRIGHT]. CLF is an outstanding buy.
  3. EMCOR Group (EME) is one of [REMOVED DUE TO COPYRIGHT]. EMCOR Group is now an outstanding buy.
  4. Flowserve (FLS) makes [REMOVED DUE TO COPYRIGHT]. Flowserve was recently added to the S&P 500 and is an outstanding buy!
  5. FMC Corporation (FMC) specializes in [REMOVED DUE TO COPYRIGHT]. FMC Corporation is an outstanding buy!
  6. Gerdau (GGB) is Brazil’s largest producer of [REMOVED DUE TO COPYRIGHT] Gerdau is a great buy.
  7. Insteel Industries (IIIN) manufactures [REMOVED DUE TO COPYRIGHT].
    Insteel is a good buy, but I have to warn you that it can be thinly traded. [REMOVED DUE TO COPYRIGHT].
  8. NII Holdings (NIHD), [REMOVED DUE TO COPYRIGHT]. The stock is a great buy.
  9. Peabody Energy (BTU) is the worlds’ [REMOVED DUE TO COPYRIGHT]. BTU is an outstanding buy.
  10. Permian Basin Royalty Trust (PBT) derives [REMOVED DUE TO COPYRIGHT]. PBT is a great buy.
  11. Terra Industries (TRA) is one of the [REMOVED DUE TO COPYRIGHT], I believe Terra Industries is an outstanding buy.

All these outstanding buys were so outstanding that they were sold yesterday...

Finally, a final note on how much wealth was built this week.

Performance

  1. 1. Chart Industries (GTLS) Buy date: October 20th, buy price: $19.31, sell date: October 27th, sell price: $11.74, Loss -39.2%
  2. Cliffs Natural Resources (CLF) Buy date: October 20th, buy price: $36.47, sell date: October 27th, sell price: $22.24, Loss -39.0%
  3. EMCOR Group (EME) Buy date: October 20th, buy price: $19.87, sell date: October 27th, sell price: $15.76, Loss -20.7%
  4. Flowserve (FLS) Bbuy date: October 20th, buy price: $66.21, sell date: October 27th, sell price: $43.50, Loss -34.3%
  5. FMC Corporation (FMC) Buy date: October 20th, buy price: $38.97, sell date: October 27th, sell price: $30.00, Loss -23.0%
  6. Gerdau (GGB) Buy date: October 20th, buy price: $7.10, sell date: October 27th, sell price: $4.66, Loss -34.4%
  7. Insteel Industries (IIIN) Buy date: October 20th, buy price: $9.51, sell date: October 27th, sell price: $7.87, Loss -17.2%
  8. NII Holdings (NIHD) Buy date: October 20th, buy price: $28.11, sell date: October 27th, sell price: $15.94, Loss -43.3%
  9. Peabody Energy (BTU) Buy date: October 20th, buy price: $37.83, sell date: October 27th, sell price: $26.30, Loss -30.5%
  10. Permian Basin Royalty Trust (PBT) Buy date: October 20th, buy price: $22.53, sell date: October 27th, sell price: $19.96, Loss -11.4%
  11. Starent Networks (STAR) Buy date: September 29th, buy price: $12.37, sell date: October 27th, sell price: $9.75, Loss -21.2%
  12. Terra Industries (TRA) Buy date: October 20th, buy price: $22.35, sell date: October 27th, sell price: $16.06, Loss -28.1%

Average loss is 28.5%. Mostly in one week... October 20th to 27th.

More to come...

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