Tough but very profitable day!
As per my blog last weekend, I said this week will be a tough one. And boy did it turn out exactly that. Basically everything went down. Very few escaped the damages of last two days. Except of course yours truly and some of us. Here's what happened:
1. One of our holding IDWD went from $0.92 - $1.30 in two days for a gain of 41.3% ! (IDWD will be selling part of its business via IPO soon. A group of investors wished to buy a minority stake in this venture but the company rejected the offer for being too low an offer. The investors then raised their offer three (3) more times as of today. Believe me they really want a piece of this business. If you are interested please check it out yourselves at www.995ad.com IDWD shareholders will receive shares in this new company. Alright!)
2. You also know I shorted KRY at $6.15 on Monday as per my weekend notes. I have covered today at $5.25 for a two day gain of 14.6% ! (Although I think it will go lower, I could not resist taking 14.6% in two days. And this afternoon, I have re-shorted KRY at $5.30; Gold will head lower before heading higher. KRY will be lower still. Don't you smell the $?)
3. I did not have the chance to short HYTM yesterday as per my last note. I was in the hospital remember? But I finally shorted it today at $7.6; Yes, I know I could have done this yesterday at $8.5 making a quick 10% in one day but I believe it won't matter much down the road.
On a personal note, my dad went into the triple by-pass heart surgery about 3 hours ago in Korea. My dad is a dedicated physician who I have infinite respect for. Who I am today is very much shaped by him. If you like me, you will like my dad more. I know that this types of operation takes about 6-7 hours to complete. By tomorrow morning I will hear the results from Korea. Please pray for us and wish our family luck.
Back to the business: The gold is trading now at almost $600/oz (25 year high) but did you know that it was selling for $850/oz back in the early 80's? By the way, adjusted for inflation that comes out to more than $2,500 in today's money. So what does this tell you? Even though gold just hit a 25 year high, it has much more room to go up. I am sure you all know that the Chinese, Indians, Koreans, Brazilians even Russiana are all prospering very nicely all over the globe. Guess what these people like to buy when they have money? GOLD. We will be adding a gold stock in our portfolio soon. I am just waiting for it to come down a little to maybe $540/oz before heading up again. By then I would have done my homework and will offer you a beautiful yellow gold stock. Please wait patiently.
Lastly I would like to mention Martek (MATK) before closing. I fully realize that many of you have this in your protfolios (it is my second largest holding still). During the last month or so MATK has been slowly coming down. Some of you are getting a little nervous ($34 to $30 that's about 13% paper loss in a month - it won't kill you). Mark my words, one of these days you will make this up in a day or two. Because the general market is weak and the company does not have any fresh news to offer, this may fall another 10% or so. If that happens and you have some cash, buy more. I will tell you when I buy more too. From the beginning, I have told you that this is a long term holding (1-2 years). When I loose the confidence in this company I will tell you. But until then hold on tight. I have done my homework on this one. Few years from now, infants to senior citizens will all be taking DHA & ARA on a daily basis. MATK has almost a monopoly in this market (70%). Do you feel better now? Just thank god I have told you about this one. Can't wait till tomorrow until the market opens. I love my job!
1. One of our holding IDWD went from $0.92 - $1.30 in two days for a gain of 41.3% ! (IDWD will be selling part of its business via IPO soon. A group of investors wished to buy a minority stake in this venture but the company rejected the offer for being too low an offer. The investors then raised their offer three (3) more times as of today. Believe me they really want a piece of this business. If you are interested please check it out yourselves at www.995ad.com IDWD shareholders will receive shares in this new company. Alright!)
2. You also know I shorted KRY at $6.15 on Monday as per my weekend notes. I have covered today at $5.25 for a two day gain of 14.6% ! (Although I think it will go lower, I could not resist taking 14.6% in two days. And this afternoon, I have re-shorted KRY at $5.30; Gold will head lower before heading higher. KRY will be lower still. Don't you smell the $?)
3. I did not have the chance to short HYTM yesterday as per my last note. I was in the hospital remember? But I finally shorted it today at $7.6; Yes, I know I could have done this yesterday at $8.5 making a quick 10% in one day but I believe it won't matter much down the road.
On a personal note, my dad went into the triple by-pass heart surgery about 3 hours ago in Korea. My dad is a dedicated physician who I have infinite respect for. Who I am today is very much shaped by him. If you like me, you will like my dad more. I know that this types of operation takes about 6-7 hours to complete. By tomorrow morning I will hear the results from Korea. Please pray for us and wish our family luck.
Back to the business: The gold is trading now at almost $600/oz (25 year high) but did you know that it was selling for $850/oz back in the early 80's? By the way, adjusted for inflation that comes out to more than $2,500 in today's money. So what does this tell you? Even though gold just hit a 25 year high, it has much more room to go up. I am sure you all know that the Chinese, Indians, Koreans, Brazilians even Russiana are all prospering very nicely all over the globe. Guess what these people like to buy when they have money? GOLD. We will be adding a gold stock in our portfolio soon. I am just waiting for it to come down a little to maybe $540/oz before heading up again. By then I would have done my homework and will offer you a beautiful yellow gold stock. Please wait patiently.
Lastly I would like to mention Martek (MATK) before closing. I fully realize that many of you have this in your protfolios (it is my second largest holding still). During the last month or so MATK has been slowly coming down. Some of you are getting a little nervous ($34 to $30 that's about 13% paper loss in a month - it won't kill you). Mark my words, one of these days you will make this up in a day or two. Because the general market is weak and the company does not have any fresh news to offer, this may fall another 10% or so. If that happens and you have some cash, buy more. I will tell you when I buy more too. From the beginning, I have told you that this is a long term holding (1-2 years). When I loose the confidence in this company I will tell you. But until then hold on tight. I have done my homework on this one. Few years from now, infants to senior citizens will all be taking DHA & ARA on a daily basis. MATK has almost a monopoly in this market (70%). Do you feel better now? Just thank god I have told you about this one. Can't wait till tomorrow until the market opens. I love my job!
posted by Jaewoo | 11:04 PM
10 Comments:
Jae:
Good post from yesterday. I wish your father the best on the surgery and I hope he has a safe and fast recovery.
MATK went below $30 today - what do you think? According your post yesterday, I should buy now. Should I pull the trigger, or wait?
I await the answer, oh wise one...
If you are comfortable of holding MATK for a year or more, then YES. If you are trying to make $ trading then wait until the momentum comes back. But this is a good price.
From: the wise one...
That is so hot!
Corporations have no right to exist.
I remember the time in 1990 when you pointed out an option that went from something like 5/16th to 14 in a day, making some lucky people 4400% profit. I thought that was cool. Also, how you did not seem to mind as your stock holdings went lower and lower during Gulf War I and the doldrums afterwards. Do you remember the day the Dow stood unchanged from the previous day? Has it happened again since? Also, since you described what holding stock actually meant and what options were, I've been dying to get into the market and trade some of my own savvy into the big bucks. But I've never achieved the baseline of three month's salary in savings that is required to begin. Maybe this will be the year that I get into the market. Funny how you kept specializing in biotechnology stocks.
P.S. You didn't explain what DHA and ARA are. Think of your unwashed and undereducated viewers, Jae. What I think about DHA is that it is possibly amazing, but that's the kind of thing I don't think should be sold to the highest bidder. You can say, "Why not?" and I would agree with you. The law lets you do it, so why not? We live in a capitalist society, so "Why not?" Well, the "why not" is because (in order to translate scarcity into shareholder value) Big Pharma charges Americans more than it charges any other country. This is particularly unfair when 40,000,000 Americans have no health insurance, don't you think?
Guys, we now have a PH.D (micro biology) commenting on my blog. Free capitalism is by far the best way for all people to get better off. This is not a theory, we are the living proof. We (americans) are not perfect but believe me, most envy us.
DHA (Omega 3 fatty acid) is important for your health guys. Just take my word for it. MATK has a monopoly like status with 70% market share. BTW, the Chinese are on this too. Ka-ching!
I say briefly: Best! Useful information. Good job guys.
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Very best site. Keep working. Will return in the near future.
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Super color scheme, I like it! Good job. Go on.
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