Archive for November 8th, 2006
November 8, 2006 -
Here in my blog and in my newsletter, I have mentioned Sothebys (NYSE:BID) as a favorite of mine a couple of times. Yesterday I sold out of BID for a 33% gain after holding it for about five months. There are a couple of important lessons to take away from my strategy regarding BID.
Number one, above all, always lock in profits. Normally once I’m holding on to a stock that is sitting on 20% gains, I usually put trailing stop losses of 15% on the stock. That way, my stop loss moves higher if the stock moves higher and I never have to think about making a decision to sell the stock Read more …
November 8th, 2006
November 6, 2006 -
No, you aren’t having déjà vu. It’s the topic that just keeps producing good investment opportunities. From natural gas and oil reserves, to diamonds and gold and uranium mineral resources, now this – the first new shipping corridor from Asia to Europe in over 100 years that will also drastically reduce shipping times.
But first, let’s start with a little historical perspective. In 1903, the United States engineered a revolution in Columbia in order to set up an independent Republic of Panama. After they accomplished this, the U.S. named themselves owner of the strategic Panama Canal “in perpetuity” and established military bases in Panama to ensure their control of these strategic waters. This situation lasted for almost ¾ of a century until the canal lost its strategic military importance and the U.S. returned its control to Panama.
Why is this important to know? Because with the melting of the Arctic ice, a very important strategic shipping lane is opening up to sea vessels – a path that would shorten the current shipping distance between Asia and Europe that passes through, you guessed it – the Panama canal – by 5,000 kilometers. Read more …
November 8th, 2006
November 8, 2006 -
Here’s something that I learned today about the peak oil theory that I didn’t know that seals my skepticism about its validity. The theory of Peak Oil was invented by Marion King Hubbert in 1956. Who did Marion King Hubbert work for? You guessed it. Shell Oil. Again, there is believed to be 375 billion barrels of oil in the Arctic North. Shale oil in the United States? 1 trillion barrels. And oil sands in Canada and Venezuela? Another possible 2 trillion barrels. To put this in perspective, Saudi Arabia has 260 billion barrels of oil reserves.
When Y2K came and passed without so much as a single glitch, though I have no idea who invented the Y2K scare, if I had to place a bet, I would put my money on some guy that worked for for some big tech company Read more …
November 8th, 2006
