TFN eNews 10/08/2009: How much gains on this silver miner?
Published via e-mail broadcast on October 8, 2009
In today’s TFN eNews:
* Locking in 52-120% gains on this silver miner
* Retail is stirring
* Good stuff
Dear TFN eNews reader,
Commodities are back up again, and so is silver. Today, one of the silver mining picks we had recommended in our premium service Hot Stock Confidential hit its 52-week high. For our official open positions portfolio, that meant gains in excess of 50%.
On May 27, I recommended our members “buy shares in Hecla Mining Co. (NYSE: HL) between $3.25 and $4!”
On July 8, they could’ve bought shares for as low as $2.30. Since we kept nagging them to buy more low throughout that period in our weekly open positions updates, anyone on our members list before Independence Day had a shot at more than doubling their money on this one, for gains of up to 120%.
After watching this stock bungee up and down over the last couple of weeks, I felt the urge to take the money and run. Sure, we might be able to squeeze another 10% gains out of this stock. But I’d rather book gains at this level and look for new opportunities to make money!
For our official tally, we stick to our official entry price — and “only” add 52.3% gains to our tally.
HL is double-digit gainer #65 so far this year for HSC members. That now works out to 23.5% average gains on our 78 closed positions — or “cumulative” gains of 1,834%. Our average holding period of 53 days reflects the attention deficit disorder trading climate of 2009!
But are our picks actually useful to our subscribers?
HSC Member Glenn L. wrote in around lunchtime: “As a pleased subscriber of HSC I can’t begin to tell you how nice it is to see stock after stock jump within weeks into positive terrain and in most cases, double-digit terrain within a very very short time. Profit is not a dirty word.”
How do we do it, you ask? Well, the closest I’ve come to a convincing reply is this: http://www.todaysfinancialnews.com/HSC/ridic/EHSCK904.html
*** “The downtrodden retail industry is on the move today,” writes TFN financial oracle Andrew Snyder. “Thanks to good news from companies like Liz Claiborne (NYSE:LIZ) and Wet Seal (NASDAQ:WTSLA), investors are putting some profits in their shopping bags.
“With low expectations come big surprises: With the first batter of the latest earnings season, Alcoa (NYSE:AA), hitting a triple last night, optimism is on the rise. Thanks to some better-than-expected same-store sales figures this morning, the high hopes are raising the mood for the retail industry.
“The morning’s leader board is filled with the names of clothing sellers once tossed aside to the ravens of Wall Street. Tandy Leather Factory (AMEX:TLF) is taking its shareholders on a ride to new yearly highs after it announced a September sales figure significantly larger than expected. Compared to last year’s figures, comparable monthly sales rose by 14%.
“The surprising action has sent shares of the leather retailer up by double-digit proportions so far today, adding to the triple-digit gains already created as the stock more than doubled in value from its March lows.
“While I am wary of the long-term sustainability of today’s surge, there’s no denying that the devastated retail industry still shows signs of life.”
(For Andrew’s full article, read on here: http://www.todaysfinancialnews.com/us-stocks-and-markets/retail-industry-is-getting-attractive-10142.html)
Coincidentally, my Hot Stock Pick of the Week was a retail stock — a young-adult Gucci jeans maker whose prescuffed products are still flying off the shelves at 160 bucks a pair.
Despite my reputation as a fashion trend setter, I don’t care about the jeans as much as I do about the company’s stock as a proxy for Echo Boom spending.
For the past 17 years, we’ve ridden the coat tails of this largest and most affluent segment of the American consumer market. When those kids were toddlers and small children, we made money on McDonald’s, Toys’r'Us, and Disney shares. When their parents bought tract mansions in the suburbs, we made money in real estate and construction. When they played Pokemon, we made money on 4Kids. When they yammered for iPods, we made money on Apple.
So look at this not as a fashion play recommended by Christoph “Lagerfeld” Amberger. But as a cold, deliberate play on the spending habits of the most pampered generation in American history.
Why shouldn’t we make money of the darn kids for a change? The company’s been warned by the Nasdaq Stock Market that its shares are in danger of being delisted if the price doesn’t climb to $1 or more soon. But I don’t intend to be in this stock for long — locking in a rise of about 20% by mid-January!
*** Aastrom Biosciences, Inc. (NASDAQ:ASTM), one biotechy picks, has been what I like to call “offering excellent new entry levels” for new investors.
They, too, received a delisting notice yesterday. This may turn out to be nothing. They have applied for a hearing with AMEX, which provides them another 45 days to stay listed and a possible 180 day extension.
By then, they hopefully will have passed several important hurdles, including a Phase II IMPACT-DCM clinical trial for its Dilated cardiomyopathy drug;
a Phase IIb RESTORE-CLI clinical trial for a Critical limb ischemia drug, with interim analysis of clinical data expected to occur in Q4 2009. In Germany, there’s a Phase I/II investigator-sponsored clinical trial completed enrollment and patient follow-up ongoing whose investigator report of final data is expected in the next few months.
Good stuff to come!
*** The 3 Best Stocks under $3 to buy Now!
We expect these new recommendations to bring in gains of perhaps 145%… 55%… 67%. Better yet, I think we can take some of those gains before Christmas. But you have to act immediately! http://www.todaysfinancialnews.com/HSC/ridic/WHSCK902.html
*** Quote of the Day:
“Obama is by nature a booster — like the first stage of the missile lofting its payload into the upper atmosphere. A huge bang, a mighty whoosh and then a few miles up, a fizzle as the Obama-booster burns out and drops back to earth. Who knows what happened to the payload? He doesn’t seem to have much stamina or even strategy for getting useful things done.”
– Alexander Cockburn, Creators.com
Recommended Reading:
Retail industry is getting attractive
Q4 Update: TFN Complete Guide to Stem Cell Stocks under $10
The 3 Best Stocks under $3 to Buy NOW!
Today’s Top 3 Financial News Stories:
Creators.com – The Mundell-Laffer Solution “The Fed is fighting deflation with a near-zero interest-rate target, while gold, the dollar and commodity markets are signaling that inflation is the real problem.”
Bloomberg.com — U.S. Retail Sales Rise for First Time in 13 Months ” U.S. retail sales rose for the first time in 13 months as September results at American Eagle Outfitters Inc. and Kohl’s Corp. topped analysts’ estimates and discounts drew shoppers back to stores.”
YahooFinance.com — CBO: Budget deficit hit record $1.4T in 2009 “The federal budget deficit tripled to a record $1.4 trillion for the 2009 fiscal year that ended last week, congressional analysts said Wednesday. The Congressional Budget Office estimate, while expected, is bad news for the White House and its allies in Congress as they press ahead with health care overhaul legislation that could cost $900 billion over the next decade.”
Cordially yours,
J. Christoph Amberger
Executive Publisher, TodaysFinancialNews.com
Next Article: A huge week for the greenback
Be the first to leave a reply.
Your comments are welcome
Follow TFN via RSS or Twitter |
 |
 |
 |
Advertisement
Latest Headlines
- The Big Picture for Sinobiopharma, Inc. (SNBP)
- Beazer Homes USA, Inc. (BZH) and Hovnanian Enterprises, Inc. (HOV) up despite horrid housing news
- The FDA catalyst: 2010 moves in MannKind (MNKD), Roche Holding (RHHBY), Acorda Therapeutics (ACOR) show it still works!
- Steepest drop since Feb. 2009: Here we go again!
- Is the silver run over? Coeur d’Alene Mines (CDE), Silver Wheaton (SLW), Alto Group (ALTO), Hecla Mining (HL), Endeavour Silver (EXK) close down