|June was a month to expand on diversification so a few more stocks were added to the line up.
Since our Teleprompter In-Chief in conjunction with the libs in congress
seem bent on wreaking havoc in an economy trying to recover, what is
one to do? The job killing Cap and Trade actually passed
congress. I still can't believe that. What were they
I think it is time to hedge a bit more and look at a few companies who
you know aren't going to follow the the US down the road to self
destruction. China, India and Europe come to mind.
serious questions about US debt, the US dollar and the US in general
coming from foreign investors and it is right they should do so - no
one seems to be asking them here. We seem to be more interested in junk
science, 'American Idol" and newly deceased pedophiles possessing
a modicum of musical talent.
around stateside, anything of any real quality sitting around lows not
seen in four or five years? There are a few and out of those few,
how about H&R Block (HRB). The company is still paying a dividend,
which is yielding about 4% at the current stock price.
ending up buying some of that at $15.61 and think it will probably
increase in price as the year rolls on closer and closer to tax time.
Next up is a little stock with a current beta a bit over 6 and that is AgFeed Industries.
This company produces hog feed and through its subsidiaries also has hog breeding programs.
It is listed on NASDAQ and is headquartered out of China.
Chinese eat lots of pork and produce their own feed for same, and I
don't think we buy much Chinese pork over here so we're probably
safe. However, the flu 'pandemic' hurt the stock which is well
off its $18.00 highs.
This stock I would say is safe from the
latest dictates from congress and the FDA so I think it is worth a
speculation over the shorter term.
A bit more info:
on the list is a micro cap that actually managed to get itself listed on
AMEX last month. (memories of GTE) called China North East
Petroleum Holdings LTD (NEP).
China it seems, doesn't have the same reservations we do when it comes to drilling for oil.
small cap stocks really got hit hard last year and any funds tracking
this index got raked over the coals. I think this stock has some
possibilities. Below is an opinion from a poster who I think does
a succinct job of opining the merits of a play in this company.
This is probably the riskiest stock of the three but every once in a while you strike gold.
in 2000-2001 when financial bulletin boards were just starting, I
was following another oil and gas stock called Tri-Valley Oil and Gas
out of Bakersfield, California. It generally ranged from .50 to 1.50 or
so, and traded way less than 100k shares a day. There were maybe
20 - 30 regular posters on the board and they followed the company with
One day just to see what would happen I bought 5K
shares at the beginning of the trading day, which was a big trade for
this OTC stock and sat back to see what if anything would happen.
soon a poster wrote in and said 'George! did you see that trade that
just went through? 5k shares! Is something going on?'
the end of the day the stock was up another .30 - .40 cents and I sold
out and ended up repeating this for another nine months or so.
Market manipulation at its finest and cheapest.
Tri-Valley actually made it on to the AMEX and rapidly moved up from to
somewhere around $10.00 a share. I was holding @ 10k shares
and started selling at $3.00, up to @ $8.00 a share.
of a friend of mine was holding @30k shares, sold everything at
somewhere @ $10.00 a share and bought a horse ranch in Idaho. Had
enough money left over to buy some nice horses too.
I haven't looked at TIV for a while so I did and it serves as a reminder that what goes up can and does go down:
This is a good place to visit for organic produce, located in Silver Springs, NV - formerly known as 'Pee Corner'.