TFN eNews 08/10/2009: And you thought we were done?
Published via e-mail broadcast on August 10, 2009
In today’s TFN eNews:
* 32.5% and 20% gains on 2 free TFN picks
* You thought we were done? Double-digit gainer #43!
* After Cash for Clunkers, Dollars for Dumps?
Dear TFN Reader,
Returning from a week in the Boundary Waters Canoe Area Wilderness, I was greatly reassured that the TFN team had their eyes on the ball:
“If you purchased each of the three stocks we recommended in ‘Today’s top 3 stem cell stocks under $6‘ on the day we issued the report, you’re up 40%, 22% and 43%, respectively,” wrote the Grand Dame of Gains Laura Cadden this morning. “Let’s set a stop-loss to protect those gains:
“On May 11, we identified Aastrom Biosciences, Inc. (NASDAQ:ASTM), Curis Inc. (NASDAQ:CRIS), and Sangamo Biosciences, Inc. (NASDAQ:SGMO) as three biotechs using stem cell research with top investment potential. We still feel each of those stocks is a good buy at current levels, but gains like these are too good to risk entirely.”
A few hours later, we hit Laura’s wealth protection stop-loss for two of the stocks mentioned, locking in 32.5% gains on ASTM and 20% gains on CRIS.
(SGMO is still above our 40% stop-loss set at $5.50.)
Now, we realize that you may not have had the opportunity to buy exactly at our recommended levels on the day we published this report. No problem: We defined our entry level so generously that you’ll be fine just hanging on to your position, no matter what price you got in.
But if you had the chance to take “Whack-a-Mole” profits today, here’s my suggestion what to do with the “free” money you made of our free recommendations: Take $79 of your gains and convert them into a 3-month subscription to TFN’s Hot Stock Confidential. Laura included Aastrom Biosciences as one of our “3 Milestone Stocks“. She’s certainly proved her analysis right.
Her other two Milestone Stocks are currently still well within her recommended entry range. Just click here to find out more!
*** Speaking of which: Our wealth-preservation stop loss also sprung for our Hot Stock Confidential pick of Micromet (NASDAQ:MITI), locking in a solid 25.7% gain in just 43 days.
(This is the third time this year that we’ve taken substantial gains on this stock!)
I could tell you I’m getting tired of announcing these success stories… but I’d be lying through my teeth:
I’m very proud to announce that MITI marks our double-digit gainer #43 so far this year for HSC members.
*** Cash for Clunkers, with fresh new billions of taxpayer money burning bright, looks like a winner. At least for the Administration, who can now point at an increase in car sales as validation for its economic policies.
Indeed, maybe the White House could engineer another bubble for the housing market. I suggest “Scratch for Shacks” or “Dollars for Dumps” or something equally catchy. The concept follows the proven recipe for success:
Burn down your house and receive a 20-30% down payment on your new home courtesy of the 5% of evil Americans who still pay taxes.
You can bet your last nickel that the clunker-fueled bubble in low-priced cars will be trumpeted as a “bounce-back” of consumer sentiment this time next month. But the Administration’s numbers magic should not deceive us:
Oil prices are up almost 10% in 10 days. Consumer bankruptcies are up 35% over last year’s July levels. More than 800,000 Americans have filed for personal bankruptcy so far this year.
This isn’t exactly the kind of facts that genuine recoveries are made of.
But even if the economy remains a basket case for the rest of the year and beyond, it doesn’t mean that you can’t make money in the markets.
“Sure, the markets are down, the headlines are far from appetizing and just about everybody is asking when the bottom will fall out once again,” writes TFN stock guru Andrew Snyder today. “But even when all the major indices are in the red, somebody is making money.
“Today, it just so happens the folks over at TFN Strategic Trader are the ones watching their portfolio grow. Thanks to a unique trading strategy we are sitting on double-digit gains when everybody else is worried about what tomorrow may bring.
“The action comes straight from one of my favorite trading positions, YRC Worldwide (NYSE:YRCW). Just as any Econ101 graduate would expect, shares of the trucking company got hammered by a long-lasting and deep recession.
“The company’s management team, led by CEO William Zollars, did everything it could to cut costs, from buy-leaseback agreements to slashing wages. But when one of the nation’s strongest unions represents your employees, cutting can be downright hard business. It’s been a tough battle, but I have to give credit to the union for making the right move.
“Earlier this year, most workers took a 10% cut in pay in exchange for an ownership position in the company. In was a bold move, but they got a strong investment in return. The union made a good move. The shares of the company they own surged on the news. So far today, YRC Worldwide is up by over 20%. And that’s on top of another 20% move on Friday.”
How to play volatility situations like this? Andy has some suggestions in today’s TFN lead article.
Quote of the Day:
“Drowning out opposing views is simply un-American.”
– Nancy Pelosi & Steny Hoyer, USAToday.com
*** Double-digit gains taken on 43 winning picks in 2009… and we’re just getting started!
“I have been very satisfied with the service thus far, which is why when I received the notice of my subscription expiring I didn’t even give it a second thought and renewed it immediately. I find your (right leaning) analysis to be accurate and well researched and several of your recommendations of the past few months have made me money — what more can I say!” — HSC Member Marshall M.
Trade in that expensive Newsletter clunker for some sweet HSC cash!
Recommended Reading:
Isn’t it nice to be making money?
The TFN Complete Guide to Biotech Penny Stocks
The TFN Complete Guide to Natural Gas Stocks
Today’s Top 3 Financial News Stories:
FT.com – Economic outlook: Oil prices cloud recovery hopes “The nascent recovery in global economic activity could yet be derailed by rising oil prices, with Brent crude hitting $76 a barrel last week, its highest levels of the year to date”
WSJ.com — Geithner Asks Congress to Increase Federal Debt Limit “Mr. Geithner, in a letter to U.S. lawmakers, said that the Treasury projects that the current debt limit could be reached as early mid-October. Increasing the limit is important to instilling confidence in global investors, Mr. Geithner said. The Treasury didn’t request a specific increase in the letter.”
Bloomberg.com — Consumer, Celebrity Bankruptcies May Hit 1.4 Million “More than 126,000 consumers filed for bankruptcy in the U.S. last month, 34 percent more than in July 2008, the ABI said in its latest report on Aug. 4. The increase came after a 36.5 percent rise in personal bankruptcies nationwide in the first six months, to 675,351.”
Cordially yours,
J. Christoph Amberger
Executive Publisher, TodaysFinancialNews.com
Next Article: SmartHeat: A hot stock in a cool market
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