This is the chart of AAPL from December 2004 to October 2008.
Apple innovated and from 2004 it put on market many new iconic products: the new PowerMac G5 line, the brand new Airport Express and many other.
Apple stocks, which collapsed from $30 to $7 after the new economy bubble of 2001 and moved sideway for some 3 years, started to gain value and Mr. Navellier jumped in at $27.45 between November and December 2004.
In the first 4 months of 2003 AAPL was even under $7. That means that from April 2003 to December 2004 AAPL gained some 300%.
Usually jumping in after a 300% gain in 18-20 months is dangerous, but this time things went well for Mr. Navellier and his subscribers.
AAPL went to $85 at the beginning of 2006 for a 200% gain for Mr. Navellier and followers. Then it didn't move much in 2006 and started climbing again in 2007, surpassing $200 at the end of December 2007.
At this time, Mr. Navellier's gains were around 620% in 3 years. that is a 93% annual gain.
The reason why Mr. Navellier uses buy belows and sell above prices instead of buy and sell stops is unknown to me.
Looking at what happened inJanuary: AAPL dropped from $200 to $120 in a matter of days. With no stop loss protection, investors saw their shares losing 40% of their value.
AAPL went back to $180 in mid 2008 and then down under $100 in these days.
Mr. Navellier told his BlueChip Growth subscribers to sell on October 22nd, after earning announcement. $101.25 was the high price of that day.
Although Mr. Navellier did an annual 36% this trade could have been a disaster for mayny of his followers.
Just look at what Mr. navellier was saying in March 2008 here: The stock is up 354% since I first recommended it.
Look also at the Portfolio Grader Pro score for AAPL:
In fact, in December 2007 Mr. Navellier was writing that AAPL was a Strong Buy at $200 (his buy below price was $208).
Those who followed him at that time made a 50% loss in 10 months.
Mr. Navellier himself made a profit of $75 per share and missed another $100 per share.
Monday, October 27, 2008
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1 comment:
LOL, really dig your Blog. This guy is a serious a$$ clown.
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