OK, I admit, I’m feeling full of myself—and so are thousands of Emerging Growth subscribers!
I told them (and then I told you) back in the spring that an Obama win would mean a win for New Energy—alternative, non-fossil fuels.
Plus, I warned my subscribers last December to flee that symbol of Old Energy, GM. The stock stood at $28 then. It’s at $2 today. And right now, with GM on the operating table, the message from the Obama camp is loud and clear: Go green, Detroit, or go away.
Obama Slates Billions
for New Energy
You’d better act quickly, my friend. Among the laws ready to be railroaded through Congress is a bold and symbolic boost to alternative, non-fossil energy.
A few nimble investors will be able to catch this alternative energy tiger by the tail.
I want you to be one of them, so read every word of the following.
Fuel Systems Up 36%
SQM Up 36%!
LOOK at Fuel Systems. It CRUSHED estimates when it reported. Sales are UP 62%. Earnings went from a loss to a gain of $18 million. Outlook was raised—and the stock shot up 45% in a few hours. I think we’ll see panic buying this week, and not just in Fuel Systems.
This is the FSYS chart. Navellier jumped in at the end of August 2008 at $51.83 and he is currently down 55%.
Let's have a look at SQM now. Navellier bought it at the end of April 2008 at $29.55. SQM went to $59 before plunging to current $19.76. Remember when he was saying "This time last year, this was a $13 stock. Recently, it hit an all-time high of $54. So that’s a 415% gain! And between $54 and $150 there’s NOTHING STOPPING IT!" here.
Louis Navellier feels full of himself for having turned this 100% unrealized gain into a 33% unrealized loss. What a genius...
1 comment:
Interesting that Louis not infrequently dumps A-rated stocks from his QG buy-lists and adds B-rated stocks (referring to his Portfolio Grader Pro rating system). Makes me wonder what other criteria he is employing in deciding to recommend a stock, assuming it's something other than what it often seems: tossing darts blindfolded at a list of A/B-rated stocks. Also strange that the "Track Record" page in Quantum Growth is very incomplete--it only shows the gains. Since there are only 3 stocks listed at the moment, that speaks volumes about the rest. A dismal overall record these days. I would think honesty would be the best policy here, no matter how badly things are going in the market. Louis and crew don't seem to share that view.
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