Stocks I recommend

by harharmahadev Thu Jun 16, 2011 1:52 pm

I recommend buying Novagold (NG) at current prices. I just bought it at $8.80. I used to own this stock. I had bought it at $6.~ and sold it at $12 last year. It went up to $14 or so.

Fundamentals are good. At $8.80, this stock has a good entry point.

Note to my hecklers: I'm not a perma-bear. I buy few stocks and buy them at good entry points. My goal is to buy only when the risk/reward ration is skewed in my favor.

Mind you...this stock could still go further down in case there is a liquidity crisis. Mining companies are highly leveraged so there is a possibility that they would not be able to rollover their debt in case there is credit dislocation. But I think this company is being backed by some very powerful people / deep pockets.

by harharmahadev Fri Jun 17, 2011 1:07 pm

PML at $10.25 is reasonable....prepare to cost average at $9.75

by harharmahadev Fri Jun 17, 2011 1:08 pm

SWZ at $14.50 is good...this is a pretty good long-term hold.

by Hellsangel Fri Jun 17, 2011 1:15 pm

Don't you think you also need to give some disclosure on your holdings?

by Propagandhi711 Fri Jun 17, 2011 1:21 pm

uh....SWL and PML appear to be funds and not stocks. also mining stocks?

by harharmahadev Fri Jun 17, 2011 1:41 pm

I have bought the above stocks / cefs/ etfs at stated prices....

Another disclaimer: I might become a seller if there is some crazy announcement from a crazy central banker.

At this point, my prediction is next week Bernanke is going to make some kind of market-goosing announcement. It won't be QE3, but maybe capping of the 2-year treasury yield. This will surely fire up the gold market.

Right now, gold miners have fallen disproportionately in anticipation of liquidity issues and commodity price drop. NG took a hit because it gets a lot of it's revenue from copper and copper prices took a hit. But I think a lot of the negative news has been priced in and the risk/reward favors buying NG.

by harharmahadev Fri Jun 17, 2011 1:50 pm

MTU at $4.47 is another pretty good entry point. Support is very good at $4.25. So downside is limited and upside is good for the next 6 months.

by harharmahadev Fri Jun 17, 2011 1:51 pm

Propagandhi711 wrote:uh....SWL and PML appear to be funds and not stocks. also mining stocks?

It's SWZ - the swiss fund.

PML is muni bond fund

by Propagandhi711 Fri Jun 17, 2011 2:14 pm

so you dont agree with meridith whitney abt munis?

by harharmahadev Fri Jun 17, 2011 2:21 pm

Propagandhi711 wrote:so you dont agree with meridith whitney abt munis?

She may be right about some munis defaulting...but I definitely don't agree with the impact of the default.

She is an alarmist.....eager to call 911 at any sign of a break-in. First of all, muni defaults are rare. Secondly, muni defaults don't mean that you will lose principal or interest payments. At worst, the muni bond would be restructured and the duration would be extended with a higher interest payment. The odds of losing principal is virtually nil.

by harharmahadev Tue Jun 21, 2011 3:07 pm

harharmahadev wrote:I recommend buying Novagold (NG) at current prices. I just bought it at $8.80. I used to own this stock. I had bought it at $6.~ and sold it at $12 last year. It went up to $14 or so.

Fundamentals are good. At $8.80, this stock has a good entry point.

Note to my hecklers: I'm not a perma-bear. I buy few stocks and buy them at good entry points. My goal is to buy only when the risk/reward ration is skewed in my favor.

Mind you...this stock could still go further down in case there is a liquidity crisis. Mining companies are highly leveraged so there is a possibility that they would not be able to rollover their debt in case there is credit dislocation. But I think this company is being backed by some very powerful people / deep pockets.

Nice spike today....this should continue for a while. I think NG has started a technical uptrend.

by harharmahadev Tue Jul 05, 2011 12:00 pm

harharmahadev wrote:I recommend buying Novagold (NG) at current prices. I just bought it at $8.80. I used to own this stock. I had bought it at $6.~ and sold it at $12 last year. It went up to $14 or so.

Fundamentals are good. At $8.80, this stock has a good entry point.

Note to my hecklers: I'm not a perma-bear. I buy few stocks and buy them at good entry points. My goal is to buy only when the risk/reward ration is skewed in my favor.

Mind you...this stock could still go further down in case there is a liquidity crisis. Mining companies are highly leveraged so there is a possibility that they would not be able to rollover their debt in case there is credit dislocation. But I think this company is being backed by some very powerful people / deep pockets.

*cough cough*

by Hellsangel Tue Jul 05, 2011 12:09 pm

harharmahadev wrote:

*cough cough*

*clap clap* Time to sell?

by harharmahadev Tue Jul 05, 2011 12:22 pm

Hellsangel wrote:
harharmahadev wrote:

*cough cough*
*clap clap* Time to sell?

That depends on your investment horizon. It's a good short-term trade exit. But it's still has a lot of room to grow in the long term. I think this one's a keeper.

by harharmahadev Thu Jul 07, 2011 1:45 pm

harharmahadev wrote:MTU at $4.47 is another pretty good entry point. Support is very good at $4.25. So downside is limited and upside is good for the next 6 months.

*cough cough*

I'm tired of coughing.

by harharmahadev Wed Jul 13, 2011 12:22 pm

harharmahadev wrote:
Hellsangel wrote:
harharmahadev wrote:

*cough cough*
*clap clap* Time to sell?

That depends on your investment horizon. It's a good short-term trade exit. But it's still has a lot of room to grow in the long term. I think this one's a keeper.

I'm considering closing my position in NG at 11.00

by Hellsangel Thu Jul 14, 2011 3:12 pm

harharmahadev wrote:

I'm considering closing my position in NG at 11.00

*cough cough*

by harharmahadev Thu Jul 14, 2011 3:15 pm

Hellsangel wrote:
harharmahadev wrote:

I'm considering closing my position in NG at 11.00
*cough cough*

Yes...was close but didn't close. But that's ok. This stock is very volatile. Would be concerned if it goes below say $8.25

by harharmahadev Tue Aug 02, 2011 2:49 pm

NLY at $17.40 (Annaly Capital Management)

Also, sold NG (Novagold) at $10.65 today.

by nevada Tue Aug 02, 2011 3:07 pm

Nice picks. Do you have any current picks?

by harharmahadev Tue Aug 02, 2011 3:22 pm

nevada wrote:Nice picks. Do you have any current picks?

NLY at $17.40

by Guest Tue Aug 02, 2011 8:26 pm

WM. A blue chip company on sale. It's below 52 wk low. Gives good dividends too. Strong company.

by CroMagnon Tue Aug 02, 2011 8:43 pm

kinnera wrote:WM. A blue chip company on sale. It's below 52 wk low. Gives good dividends too. Strong company.

IMO, if the stock is at its lows and the market is not, there is usually a good reason for it. Buy a srock which is on its way up, not down - that is my philosophy.

by Guest Tue Aug 02, 2011 8:46 pm

CroMagnon wrote:
kinnera wrote:WM. A blue chip company on sale. It's below 52 wk low. Gives good dividends too. Strong company.
IMO, if the stock is at its lows and the market is not, there is usually a good reason for it. Buy a srock which is on its way up, not down - that is my philosophy.

Expected earnings were low for this quarter ($.04). That's why. It won't be the forever. Fundamentals are good.

by Guest Tue Aug 02, 2011 8:49 pm

harharmahadev wrote:NLY at $17.40 (Annaly Capital Management)

Also,

NLY suddenly dipped to $ 14.60 last friday. And how long can it give a 15% dividend?

by harharmahadev Tue Aug 02, 2011 9:43 pm

kinnera wrote:
harharmahadev wrote:NLY at $17.40 (Annaly Capital Management)

Also,

NLY suddenly dipped to $ 14.60 last friday. And how long can it give a 15% dividend?

The 15% dividend is sustainable. The CEO is brilliant. Read the earnings call transcript. http://seekingalpha.com/article/283916-annaly-capital-management-s-ceo-discusses-q2-2011-results-earnings-call-transcript?source=yahoo

The portfolio may seem esoteric, but if you have the patience to peel the layers, you will see that they have put an extremely fine dividend engine in place. Most of the portfolio consists of AAA mortgage backed securities backed by the full faith of the US govt. They get high returns by rolling short term debt. As long as the yield curve remains as steep as it is, which is as far as the eye can see at this point in time imho, the dividends remain intact. Of course, there are other risks, like tax changes, accounting changes, etc etc.

WM seems like a good pick....worth checking out.

by harharmahadev Thu Aug 04, 2011 11:52 am

ADM at 27.99 could be worth a buy!

by Guest Thu Aug 04, 2011 12:01 pm

What do you think abt CIM, the sister corp of NLY. Riskier, but is it worth the risk?

by harharmahadev Thu Aug 04, 2011 12:17 pm

kinnera wrote:What do you think abt CIM, the sister corp of NLY. Riskier, but is it worth the risk?

No.

by Guest Thu Aug 04, 2011 12:30 pm

harharmahadev wrote:
kinnera wrote:What do you think abt CIM, the sister corp of NLY. Riskier, but is it worth the risk?

No.

You mean, it's not worth the risk, don't buy the stock? NLY is a better option?

by harharmahadev Thu Aug 04, 2011 12:30 pm

kinnera wrote:
harharmahadev wrote:
kinnera wrote:What do you think abt CIM, the sister corp of NLY. Riskier, but is it worth the risk?

No.

You mean, it's not worth the risk, don't buy the stock? NLY is a better option?

y

by Guest Thu Aug 04, 2011 12:33 pm

harharmahadev wrote:
kinnera wrote:
harharmahadev wrote:
kinnera wrote:What do you think abt CIM, the sister corp of NLY. Riskier, but is it worth the risk?

No.

You mean, it's not worth the risk, don't buy the stock? NLY is a better option?

y

thx

by harharmahadev Thu Aug 04, 2011 12:34 pm

kinnera wrote:
harharmahadev wrote:
kinnera wrote:
harharmahadev wrote:
kinnera wrote:What do you think abt CIM, the sister corp of NLY. Riskier, but is it worth the risk?

No.

You mean, it's not worth the risk, don't buy the stock? NLY is a better option?

y

thx

yw

by harharmahadev Fri Aug 12, 2011 10:16 am

T (AT & T) becomes a good buy anywhere from $27.5 - $28.

by harharmahadev Tue Aug 16, 2011 11:18 am

MHLD (Maiden Holdings) at anything below $8. If fact, it is a good time to start cost averaging a position. Worth holding on to this small company for a double bagger.

by nevada Wed Aug 17, 2011 1:03 am

harharmahadev wrote:MHLD (Maiden Holdings) at anything below $8. If fact, it is a good time to start cost averaging a position. Worth holding on to this small company for a double bagger.

Looks good, thanks for posting. Good insider buying and pays a decent dividend.

by harharmahadev Thu Aug 18, 2011 3:12 pm

The stock market is getting into a nice buying territory.

MO (Altria) is beginning to look really good. Putting in a bid for 25.5

by nevada Thu Sep 01, 2011 11:37 am

Bump for a very useful thread. Desichatter, please share new picks if you have any.

by harharmahadev Thu Sep 01, 2011 11:44 am

nevada wrote:Bump for a very useful thread. Desichatter, please share new picks if you have any.

Puts on SPY.

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