By being selective on your picks over the past two years, I have piled up millions of USDs (even though the USD itself is declining!)
Here, in plain view of Olympus, perhaps we should be sending your picks directly to the Gods themselves.
It would be likely they would supplement their diets of wine and venison with some snacking on your trading advice. I have found that even light snacks of these picks are good.
Indeed, AllAllan may well turn out to be The Parthenon of the 21st century
Allan, your portfolio is doing much better than mine. I think you may be already doing this already, but a request to consider is letting us know when you're making a purchase of anything. I cannot speak for any one else but I know I would always be interested to be aware of any purchase you make.
I should clarify... I understand chapter 11 and its consequences, but the press release from DESC said "[filing chapter 11] was the best course of action to maximize the value of the company's assets for all stakeholders". Could it turn around?
Dan - I wrote this in response to a question under the Stanley Cup Blog:
DESC blindsided us with a Chapter 11 filing, but take note of a few things:
(1) Chapter 11 is used as a strategy, a tool to preserve ongoing businesses;
(2) This Chapter 11 was used to effect a complicated corporate transaction by viable companies in a hot, growing sector;
(3) There are instances when Chapter 11 wipes out equity holders as well as when Chapter 11 is the foothold of a larger picture advance. We don't know yet which this will be.
I still own all my DESC shares and I am not selling here, no way, no how. But you have to do what is right for you and allows you to sleep at night. 100% is the maximum a stock can decline, yet we already have two stocks with over 100% gains on my recent lists. My original NNVC is up over 1200%. A diversified basket of speculative stocks will have some big losers and if not, you aren't doing it right.
Found your site researching SPZI, just bought in at .0005 after watching it for a couple years... don't see it on your list, though. Do you still have any?
Also, buying OLNK at the same price... same story, watch forever and then buy big at the bottom.
Check GWTR for success of that strategy over the past year. From .0013 to .01 YTD. Nice to have those big gains!
15 comments:
Your openness is refreshing. Apart from NNVC, is there any on your list that you feel are worthwhile to get into at this point in time?
-Matthew
Apart from NNVC, is there any on your list that you feel are worthwhile to get into at this point in time?
DESC
A
Allan,how tight a stop did you use on these stocks?
Thanks,Ron
Ahh Allan:
We meet again, I only wish the circumstances were more favorable!
Superior trading from an excellent
trader.
Are there ANY who dare challenge the Anti-Cramer? Or who make war with him?
How is Cramer himself doing?
Leonidas
Southern Greece
Ron: no stops, but remember I am trading and watching my positions all day long;
Leonidas: good to see again, i was worried about you, missed your inspirational presence here.
Ahh Allan:
It is I who should be thanking you.
By being selective on your picks over the past two years, I have piled up millions of USDs (even though the USD itself is declining!)
Here, in plain view of Olympus, perhaps we should be sending your picks directly to the Gods themselves.
It would be likely they would supplement their diets of wine and venison with some snacking on your trading advice. I have found that even light snacks of these picks are good.
Indeed, AllAllan may well turn out to be The Parthenon of the 21st century
Leonidas
Southern Greece
Allan, your portfolio is doing much better than mine. I think you may be already doing this already, but a request to consider is letting us know when you're making a purchase of anything. I cannot speak for any one else but I know I would always be interested to be aware of any purchase you make.
-Matthew
Matt:
I believe Allan uses his hedge fund for that. and to get its benefit you need to be in it.
Philip, NYC
Where can I find more information about this hedge fund?
TIA
--Matthew
Matt:
Allan has indicated you must write to him directly about the hedge fund.
His email is on the blog. From what I have heard, investing in his ultra-private hedge fund is basically a "license to print money."
He is selective and only a few members here are in that thing.
Good Luck!
Phil, NYC
Allan,
I don't know much about voluntary chapter 11 filings. Do you think DESC is in trouble? Is this a time to buy, or should we wait and see?
-Dan
I should clarify...
I understand chapter 11 and its consequences, but the press release from DESC said "[filing chapter 11] was the best course of action to maximize the value of the company's assets for all stakeholders". Could it turn around?
-Dan
What happened to SCA?
Dan - I wrote this in response to a question under the Stanley Cup Blog:
DESC blindsided us with a Chapter 11 filing, but take note of a few things:
(1) Chapter 11 is used as a strategy, a tool to preserve ongoing businesses;
(2) This Chapter 11 was used to effect a complicated corporate transaction by viable companies in a hot, growing sector;
(3) There are instances when Chapter 11 wipes out equity holders as well as when Chapter 11 is the foothold of a larger picture advance. We don't know yet which this will be.
I still own all my DESC shares and I am not selling here, no way, no how. But you have to do what is right for you and allows you to sleep at night. 100% is the maximum a stock can decline, yet we already have two stocks with over 100% gains on my recent lists. My original NNVC is up over 1200%. A diversified basket of speculative stocks will have some big losers and if not, you aren't doing it right.
A
Found your site researching SPZI, just bought in at .0005 after watching it for a couple years... don't see it on your list, though. Do you still have any?
Also, buying OLNK at the same price... same story, watch forever and then buy big at the bottom.
Check GWTR for success of that strategy over the past year. From .0013 to .01 YTD. Nice to have those big gains!
And congrats on the Wings win!
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