nsomniak challenge
I'm certainly not in the running to win anything with these picks, which have crumbled lately...
Contest probably will be won by he who loses least.
This is a quickie version of why they should perform well (sooner or lllllaaaaterrrr):
BWR.TO - Major base metal producer; expect them to bounce back from these severe lows as the fear of recession is not as deep as the actual economic slowdown. Could pop 25-50% if economy doesn't succumb to FUD.
CHLN.OB - Chinese land/housing company with high value properties; managing development on land they own. Probably up 25-50% if China meltdown is less severe than US. Could double by year-end.
CNEH.OB - Chinese O&G producter with good profitability; way undervalued; they gotta pop sooner or later. Could double-triple this year.
EGMI.OB - Undervalued gaming stock; a major contract could give them a double quickly.
TRGD.PK - Damn pinkie gold stock that sucks harder than anything I've ever had. They either have a great chance to take off with strong news on one of their multiple properties. Probable exit strategy of the owners is to sell the company (starting with TM base metal miner) rather than actually mess with operating any mines themselves.
UTVG.OB - Chinese travel services with good profitability and growth; I expect them to boosh like Priceline one day if they announce strong earnings. Could pop 25% at least.
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'peeker (really tired of being gang-raped and ransacked by VM sellers since the first of the year). Sticking with my rules would have made me dump most of these when they broke below my stops. (I own CHLN, CNEH, TRGD, so nary a chance to win PSL8 contest ... and ... not a pretty '08 portfolio so far).
Paul Litman: "Avoid panic selling & avoid overconfident buying."
