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goldminingXpert (29.46)

Following Up On My Post Yesterday

Recs

5

December 01, 2008 – Comments (4) | RELATED TICKERS: KGN.DL2 , ANV

Regarding Brittannia, I understand how the system rewards leaving 5 star picks on. Maybe the CAPS designers could put in a NA time pick that would have no effect on a stock's rating. On some stocks like KGN, I don't think the company is a great buy, but I expect to be able to shrink the size of my CAPS loss on it... KGN can only go to 0 from about 50 cents, but the S&P could tank another 30 or 40% before KGN bites the dust, thus reducing the amount of suffering my errant pick caused. While I would not tell anybody to buy KGN here, my caps loss on the stock will decrease as the S&P further sinks. CAPS should give me an option to leave the pick open but specifically exclude my pick from rating the company. My bigger question is why Brittannia acquired so many green thumbs including from all stars while it was a major pile of junk.

Other topic: Allied Nevada (fools) Gold.

ANV dropped 27% to a mere 2 bucks a share today. It also got downgraded to 1 star after two new red thumbs arrived. Seeing as how the stock hadn't had a pick in almost a week, I'm hopeful that my passionate pan on the stock led to the stock dropping to 1 star. However, regardless of cause, it's nice to see this disasterous Titanic of a "company" get atom-bombed today as its star rating fell to the mere 1 star. I'd give it 0 stars, but for some reason, CAPS doesn't allow that. GMX tells you it's junk on Sunday and it dumps 27% today--if only I was usually this prescient. I can dream, can't I?

 

4 Comments – Post Your Own

#1) On December 01, 2008 at 6:49 PM, goldminingXpert (29.46) wrote:

Yesterday's post.

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#2) On December 01, 2008 at 8:36 PM, Tastylunch (29.29) wrote:

there is an inherent human bias to the positive. A lot POS companies where there are few pitches of substance (due to being unknown) have high green to red ratios. Unless there is a Bent or GMX openly trashing a company the green /red ratio usually stays high.

That's my take at any rate.

Missed your ANV call, ah well c'est la vie.

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#3) On December 02, 2008 at 1:20 AM, semper77 (32.57) wrote:

Nice call on ANV - as usual!

As for the non-GMX calls...like Sarah Palin, I'm going rogue :)

I don't really love Coke here, but in a down market, I think it'll outperform the rest of the S&P - and I'd really been struggling to find green thumbs lately.

 

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#4) On December 02, 2008 at 9:30 AM, goldminingXpert (29.46) wrote:

funny you should say that Semper. I've got a big batch of green thumbs that are starting today. Hopefully you'll find a stock or two you'll like among them.

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