What else could explain the 11% pop in ACAS, bigger than most other financials today?
Well, besides Wheaties, perhaps the pending “new” rules on naked short-selling might also have something to do with it. It’s interesting to see another position, Minefinders (MFN), up 16% today as that stock allegedly has a big naked short position according [...]
Racing is a fairly apt description but more on that below. First, an update from Q1 2008 (all figures US$ unless noted):
The company burned $7M during the course of operations in Q1 2008, more than doubling last year’s cash burn. Because MFN is not yet in production, looking at the total cash [...]
T. Boone Pickens, via BP Capital, was fairly active in adding and building positions. Pickens made headlines earlier this year by predicting a drop in oil prices for the first half of 2008 and then quickly backtracking as oil has smashed through record prices. Here are some highlights from the filing:
Reopened a big [...]
Here is the research from the old website. Any updates can be found on the this blog and will not be reflected on these older web pages.
ENLIGHTENED-AMERICAN PORTFOLIO PICKS
Agnico-Eagle Mines - (AEM-US) - updated 10/28/2007
Chesapeake Energy - (CHK-US) - updated 11/18/2007
Devon Energy Research Report - (DVN-US) - updated 02/12/2008
Elements ETN linked to the [...]
A quick update for regular readers:
At the beginning of the year, I had mentioned missing out on Minefinders (MFN) @ < $10 even with gold at $800. Well, at the end of February, the market sent MFN back below $10 and I bought some for the portfolio at $9.95.
Normally, I type up a semi-thorough [...]
First, Jeff asks:
Really enjoyed your take on Ensco, and your general investment assumptions. Very curious as to your view on the appropriate amount,%, of your portfolio that is in gold/ silver. Also, when would you increase that position, and how… mining stocks, bullion, ETFs?
It’s uncommon that I agree with the mainstream viewpoint but in cases [...]
