TFN eNews 07/02/2009: “Did you make 43% on Tuesday’s TFN Grapevine pick?”
Published via e-mail broadcast on July 2, 2009
In today’s TFN eNews:
* 43% gains in 2 days on TFN Grapevine Pick
* 20-30% upside on this tiny Texan marine services provider… by November
* Winners and losers
Dear TFN Reader,
Now this is our idea of financial Independence Day!
Yesterday, I forgot to mention that the Grapevine pick from TFN eNews reader Charles D. was doing quite spectacular, thank you very much.
Charles delicately reminded me: “Nice move on MLKNA today but this is only the beginning! Reiterate BUY on MLKNA and QPSA.”
Quepasa Corporation (OTC:QPSA) went from 69 cents when we published our TFN Reader Grapevine pick on Tuesday to 95 cents today. A nifty gain of 43% in just two days. I think that’s a resounding “thank you” to Charles. Got any more of ‘em?
The other Grapevine pick of the day, Golden Star Resources Ltd. (AMEX:GSS), gained some ground yesterday, put today trades back at Tuesday’s levels. Thanks to Shannon Z. for the heads-up! We’ll be keeping on top of this one as well!
*** So what to do with this free TFN money? How about reinvesting it? Where?
I thought you’d never ask.
Yesterday, I mentioned that I was investigating a new strategic opportunity.
Russia has switched gears on how to deal with the Europeans’ desire to diversify out of their reliance on Gazprom for their natural gas supplies. Rising oil prices and a weakening of the American influence in Central Asia are making it possible. This move will mean a fantastic opportunity for two or three small natural gas explorers doing business in one particular region.
But as I waded through my research, I ran across something far more immediate. Which is why I put the recommendation I was about to make on ice for another week, and instead present an even better one… with a shorter investment horizon.
As you well know, oil prices have moved back up over the $70-a-barrel benchmark. They’ve done so without a noticeable uptick in oil consumption. Indeed, oil backlogs around the world are bursting at the seams. Speculation on oil prices has come out of hibernation. From now on forward, I consider price levels of $90 per barrel more probable than a plunge back into the $30s.
This has had a twofold effect on oil-producing countries and oil companies. At around $70, we’re getting close to meet the basic math of the “conservative” projections countries like Russia, Iran, Venezuela, Nigeria, and Saudia Arabia had built their budgets on.
For major oil companies, it means that new exploration can again be paid for out of cashflow, rather than capital or debt. And for providers of drilling and support services, this is the light at the end of the tunnel!
Stocks especially of marine drilling service providers took a bath in the last 10 months. The price of Hornbeck Offshore Services, Inc. (NYSE:HOS) went from over $56 last summer to a 52-week low of $10.28. Seacor Holdings, Inc. (NYSE:CKH) fell from over $95 a share in early 2008 to $51 this spring.
Both stocks have gained considerably in the past weeks. So has the stock a tiny Texan marine services business. But it’s still trading at just a tenth of its 52-week high. It’s going into the next leg in oil price moves with new management, drastically reduced cost, and a healthy backlog of new orders.
I definitely think that we can add it to our 20%-plus gainer gallery before November 15… right alongside the 35 double- and triple-digit gainers we’ve racked up over the past six months.
(Honestly, I’ve been in this business since 1988, and I cannot recall a single year when an editorial team of mine’s been more prolific than our Hot Stock Confidential crew!)
So why don’t you just join us? We’ve just issued a new Special Report, with three potential blockbuster stocks. Just click here! www.todaysfinancialnews.com/HSC/milestone/WHSCK701.html
*** “The second quarter of 2009 was filled with gains and plenty of pain,” writes TFN’s stock guru Andrew Snyder today. “After looking at the quarter’s winners and losers, one thing is obvious, biotechs can make or break your portfolio.
“With the second quarter in the history books, we can learn who were the winners and the losers and work to uncover any important patterns or indicators. The results may be surprising.Let me start with the top three gainers, all listed on the Nasdaq exchange.
“Dendreon (NASDAQ:DNDN) wins top honors with a quarterly gain of 495%. The biotech company that was trading for just $2.55 per share in March is now going for close to $24 today after stretching as high as $27.40 in recent weeks. The surge came thanks to positive news from the company’s prostate-fighter Provenge.
“The next top gainer is MAP Pharmaceuticals (NASDAQ:MAPP) with quarterly gains of 481%. Its wealth-generating propensity came on the news that the company’s migraine drug met four critical endpoints. Most of the company’s movement came last month when shares soared from the $3 range to a high of close to $14.
“Finally, the third-place winner, with gains of 340% is Fuqi International (NASDAQ:FUQI), a precious metal jeweler in China. As the country’s economy showed signs of strength, Fuqi surged from $3.31 to close to $20 per share. Two drug companies and a gold player in the winners. If you visit TFN with any regularity, you are not surprised by the news.”
Nor should you be surprised by the losers. Andrew’s tallied them up right here!
Quote of the Day:
“Maybe most Americans don’t realize this simple equation: That when government gains power, the people lose liberty. But there is not a doubt in my mind that Obama and company understand that principle very well, even if they don’t articulate it openly. What we are witnessing today is perhaps the greatest power grab in the history of America — where power is being taken from the people and usurped by government.”
– Joseph Farah, Creators.com
Recommended Reading
Portfolio fertilizer: Potash is on the move
The second quarter’s biggest winners… and losers
Gold and Resources: 3 Stealth Stocks that could turn $2,500 into $25,000
Today’s Top 3 Financial News Headlines
CNBC – ‘We’re in the Middle of a Crash’: Black Swan “‘We’re in the middle of a crash,’ Taleb said. ‘So if I’m going to forecast something, it is that it’s going to get worse, not better.’”
Bloomberg — U.S. Economy: Job Cuts Deeper Than Forecast, Unemployment Rises “Payrolls declined by 467,000 and followed a 322,000 drop in May, according to Labor Department figures released today in Washington. The jobless rate rose to 9.5 percent, the highest since August 1983, from 9.4 percent.”
Newsmax — Helen Thomas and Chip Reid Challenge Obama Admin. On ‘Controlled’ Town Hall Meeting “Gibbs tried to dodge the issue, and asked for it to be asked after the town hall meeting in question, but then Helen Thomas became involved, saying, ‘We have never had that in the White House. I’m amazed that you people … call for openness and transparency.’”
Cordially yours,
J. Christoph Amberger
Executive Publisher, TodaysFinancialNews.com
Next Article: The second quarter’s biggest winners… and losers
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