in this thread will go over some of my stock picks on the forum, to see how well or poorly they did and a general update of their current status.
will go over the picks I posted from the shareclub competition I post here, and how my suggestions have fared.
first will go over some picks I suggested on 5-25-2003 in GD forum in Six Five thread "someone shoot me a stock tip".
update
WMB is at $9.96 sold 50% of my position the rest I am holding. Return on WMB is 46% roughly
has passed my target of $9.50 think it may go past $12 by the end of 2004. will sell more if it passes past $10, will keep 25% of the position.
stop at $8.50
BPOP $43.10 over a 12% return plus you get a $1.08 dividend. If you find a bank stock that returns you 10-15% on average.....keep it......
Russel TSX is no longer at $5.50-%5.80 range it is at $6.80, first started talking about this stock at $4.50 cdn. anyways since mentioned in this thread up 17.24% plus it yield 4%. a stock trading below 10PE yield 4% and managment owns large portion of stock. also earnings growing...someone told me they are growing so slowly that it was a boring story, I like boring stories.
NT was over $4 cdn. stated thought it was a good momentum play, went as high as $6.50, now at $5.45. sold my stock when it broke below $6cdn. numbers reported were not bad but they have to go back and look at their accounting. HUGE RED FLAG. when a company has problems counting GET OUT....
Finally KVL is the one loser so far of the group was at $2.19 and now at $2.02. they issued some more shares but will have to look more into this company, this junior oil/gas looks very Cheap.
thanks
selkirk
1. Williams WMB- bought this again, at $6.80, set stop loss at $6.50 talked about in the stock forum just under $15 went over $21, and then it began its collapse, sold some at a profit some at a loss. posted to get out over $14, stopped tracking it when it went below $3.
anyways they finally did what they should have done when the stock was falling from $40. they sold assets, and raised money, why they waited shows the idiot managment factor.
they have enough money to pay all debts in 2003 and 2004 so it should not go to zero (note: SHOULD not go to zero). the company should make a profit in 2003 .10 a share. however in 2004 profits should increase to about .40-.50
it yields .52%, this is not the safest stock but is up from the high of .78.
raised my stop loss to $6.50, will soon be at $7. my target 12 months is $9.50. which will be a good gain, if the markets tank will be stopped out at $6.50. the stock is volatile so you could maybe get it cheaper closed at $7.90
2. Popular Inc (BPOP)
Biggest bank in Puerto Rico, has over 190 branches there, 95 in the US, 8 in the Virgin Islands.
caters to the Hispanic community, which will be a place of growth in the US in the future.
stock yields 2.80%, trades at 14PE,
low $27.97 high $38.96 closed $38.42
bought my position at $34.50 average price.
not very well covered, also loan loss if the economy slows down.
still think this stock could grow 10%+ on an annually basis.
will post some other later.
some small caps that trade on TSX that I have talked about in stock forum and still own RUS- was better below $5, now it is at $5.85, cheap stock yields over 4% and trades 10PE. believe it should go above $6. buy below $5.50. a friend of mine who is very good at small caps believes should go to $8. in two years. do not agree but a 4% yield get paid to a wait.
KVL Cavell first post $1.42 now at $2.19, believe it should go to $2.50 cdn. however have sold half my position. oil/gas saskatchewan play.
other juniors listed have done well execpt Gauntlett lost 30%+ on the stock. now trades below a dollar and not worth that.
also if the market continue its rally tech stocks should continue to do well, a big one in Canada is Nortel, it seems to want to go higher. Nortel was bad call did not sell it quickly enough. since then bought some at $3.25 cdn. and wrote $3.50 calls on the stock, now over $4 cdn. will lose most of the position. believe it may go higher in a good market but company should be at around $3.25. so be carefull more of a momentum trade now.
more later. hope it helps, and good luck.
thanks
selkirk
will go over the picks I posted from the shareclub competition I post here, and how my suggestions have fared.
first will go over some picks I suggested on 5-25-2003 in GD forum in Six Five thread "someone shoot me a stock tip".
update
WMB is at $9.96 sold 50% of my position the rest I am holding. Return on WMB is 46% roughly
has passed my target of $9.50 think it may go past $12 by the end of 2004. will sell more if it passes past $10, will keep 25% of the position.
stop at $8.50
BPOP $43.10 over a 12% return plus you get a $1.08 dividend. If you find a bank stock that returns you 10-15% on average.....keep it......
Russel TSX is no longer at $5.50-%5.80 range it is at $6.80, first started talking about this stock at $4.50 cdn. anyways since mentioned in this thread up 17.24% plus it yield 4%. a stock trading below 10PE yield 4% and managment owns large portion of stock. also earnings growing...someone told me they are growing so slowly that it was a boring story, I like boring stories.
NT was over $4 cdn. stated thought it was a good momentum play, went as high as $6.50, now at $5.45. sold my stock when it broke below $6cdn. numbers reported were not bad but they have to go back and look at their accounting. HUGE RED FLAG. when a company has problems counting GET OUT....
Finally KVL is the one loser so far of the group was at $2.19 and now at $2.02. they issued some more shares but will have to look more into this company, this junior oil/gas looks very Cheap.
thanks
selkirk
1. Williams WMB- bought this again, at $6.80, set stop loss at $6.50 talked about in the stock forum just under $15 went over $21, and then it began its collapse, sold some at a profit some at a loss. posted to get out over $14, stopped tracking it when it went below $3.
anyways they finally did what they should have done when the stock was falling from $40. they sold assets, and raised money, why they waited shows the idiot managment factor.
they have enough money to pay all debts in 2003 and 2004 so it should not go to zero (note: SHOULD not go to zero). the company should make a profit in 2003 .10 a share. however in 2004 profits should increase to about .40-.50
it yields .52%, this is not the safest stock but is up from the high of .78.
raised my stop loss to $6.50, will soon be at $7. my target 12 months is $9.50. which will be a good gain, if the markets tank will be stopped out at $6.50. the stock is volatile so you could maybe get it cheaper closed at $7.90
2. Popular Inc (BPOP)
Biggest bank in Puerto Rico, has over 190 branches there, 95 in the US, 8 in the Virgin Islands.
caters to the Hispanic community, which will be a place of growth in the US in the future.
stock yields 2.80%, trades at 14PE,
low $27.97 high $38.96 closed $38.42
bought my position at $34.50 average price.
not very well covered, also loan loss if the economy slows down.
still think this stock could grow 10%+ on an annually basis.
will post some other later.
some small caps that trade on TSX that I have talked about in stock forum and still own RUS- was better below $5, now it is at $5.85, cheap stock yields over 4% and trades 10PE. believe it should go above $6. buy below $5.50. a friend of mine who is very good at small caps believes should go to $8. in two years. do not agree but a 4% yield get paid to a wait.
KVL Cavell first post $1.42 now at $2.19, believe it should go to $2.50 cdn. however have sold half my position. oil/gas saskatchewan play.
other juniors listed have done well execpt Gauntlett lost 30%+ on the stock. now trades below a dollar and not worth that.
also if the market continue its rally tech stocks should continue to do well, a big one in Canada is Nortel, it seems to want to go higher. Nortel was bad call did not sell it quickly enough. since then bought some at $3.25 cdn. and wrote $3.50 calls on the stock, now over $4 cdn. will lose most of the position. believe it may go higher in a good market but company should be at around $3.25. so be carefull more of a momentum trade now.
more later. hope it helps, and good luck.
thanks
selkirk
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