Blog > Oil and Energy > Taking profits on El Paso Electric Company (EE) and Total S.A. (TOT)
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Taking profits on El Paso Electric Company (EE) and Total S.A. (TOT)

Today's Financial News - Posted August 24, 2009

TFN’s premium service, Hot Stock Confidential, just took double-digit gains on El Paso Electric Company (NYSE:EE) and Total S.A. (NYSE:TOT)

by J. Christoph Amberger

Baltimore, MD — TFN: There’s nothing like kicking off the trading week with taking a juicy gain. Maybe taking two juicy gains.

Back in mid-May, TFN’s Pythia of Profits Laura Cadden suggested that members of our premium service Hot Stock Confidential buy shares of the beaten-down energy supplier El Paso Electric Company (NYSE:EE). She thought we could pick up 20% gains over the next 4 months.

Right on schedule, we hit her target today. Members who took our advice and purchased shares under $14 today were instructed to sell their shares of EE for 22.3% gains in 69 days.

Laura scored double-digit gainer #46 since we started the 2009 trading year on January 5.

We sure enjoy watching our gains stack up in our closed positions portfolio. But we enjoy even more that these recommendations are generating serious money for our HSC members: “Thanks Laura,” writes HSC Member Joyce C. from Loas Angeles. “I enjoy reading your e-mails. All your recommendations are all rewarding. For sure, I will continue my subscriptions with you. Wonderful job, Laura! Have a great day…”

*** A couple hours later, we jettisoned double-digit gainer #47, French oil and energy magnate Total S.A. (NYSE:TOT). This one we had recommended as part of our “Russia Gambit” back in November of 2008… and held on to during the rollercoaster ride that followed.

Total is a bit of an oddity. It’s a larger company than we usually like to recommend. And we’ve been holding on to it for longer than we do in this kind of market. The reason for this was that we used TOT as a conservative “backstop” for a bundle of more speculative stocks we thought were going to go throught the roof as Russia resumed its adamant stance against Ukraine relating to natural gas deliveries.

While most of our predictions played out (Russia did indeed cut off Ukraine from gas deliveries on January 1), the various market crashes mussed up our strategy: We took a 21% gain on Toreador Resources Corp. (NASDAQ:TRGL) on June 19 and took a smallish -10% loss on Bmb Munai Inc. (AMEX:KAZ) on May 11. Total’s 11.1% gain offsets that loss.

And closes the book on our Russia Gambit.

“With oil prices ready for a drop later this fall, let’s lock in today’s gains and save the fresh capital to enter a play with a larger upside,” wrote Andy Snyder today.

Total brings our tally of double-digit gainers to 47 so far this year.

Now I’m asking you: What other stock newsletter do you know that has created 47 gainers for its subscribers in 2009? Let alone double-digit-gainers — or better!

Isn’t it high time you got rid of all those newsletter and “trading service” clunkers… and joined a service that actually made you money? For a change? Find out more about this right here…


Next Article: Options Insurance: Protection from all forms of risk

Posted by J. Christoph Amberger · Filed Under Oil and Energy 

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