Letter To Shareholders from your loyal stock picker. Hello Friends I hope the summer has been treating you well. As you can see on TV the markets have been very bad, that being said I think we have some winners for you. We left you June 30 for vacation and our picks had a run. ZLTQ0 Blasted from $29 to $36 where it remains like me at a high. You are welcome. TMO likewise took off netting us $10 ($130-$140) on the upside if we had sold. Unfortunately we didn't. EXPD has been testing me it is VERY boring yet I sniff upside it's gone up $2 to $48 and the fact that it's not selling off with China tells me something. POOL Remains at that $70 point and has not budged. Big gain may have to be locked in... THRM was sold off to provide funds for drinking this summer (and a Fire island Rental) OK STOP! THAT"S 5 FOR 5 YOU UNGRATEFUL SHAREHOLDERS!!!! When we left you last we were eying MBLY as referenced above it went upside $52-$59!. We were looking at HAR which has sunk from $118 to $110. We did not buy either and now we have a moment at a computer board before another 2 week vacation-- so we are looking at some ideas today. Had you read this thread with any type of enthusiasm you would of done quite well all the while I was laying around Ct and working on my garden. I guess they call it " passive " investing. When stonedinvestor reaches out it's best to listen I find. I like MBLY I like Malibu Boats! MBUU I am looking at HQY which does HSA's (Health Savings accounts) And still Watching Harmon. HAR There are stories attached to each and I wish I could elaborate at this time. I will check back and let you know what I do. The market is down and you are up! It's a topsy turvy world. Cheers~stoney
Special Update To Investors- I saw Dolphins yesterday. I've been drinking heavily at the beach. I've waked & baked and thought about this long and hard before initiating the following positions. On Friday we stepped our toe into MBLY and watched it perform well. This morning it looks up perhaps due to the google driverless car (more on that that later) - WE GO FULL POSITION THIS MORNING THE HEDGE FUND HAS BEEN CONTACTED! GOD HELP US! On the MBUU front we are PURCHASING HERE TODAY BEFORE EARNINGS: WARNING WARNING!!! But with oil so low and an important court case they lost and payments made behind them... This $19 stock that has had so much trouble in it's young life, is ready to pull out from the dock.. It will go to $22- $25 after earnings I am sure of it. Earnings come Sept 9 before the open. The Marina here in Fire island is just filled with knuckleheads, the boats are tied up into the Great South Bay-- they are wading in like snails... a lot of folks appear to be using their boats, I can't really tell if any of them are Malibu made but they should be. Now it's 100+ degrees and I didn't have to come on here today and work, for you all but the fact is my wife brought her computer to the beach and we can get emails and send emails but the dirty stuff won't download. With such time on my hands I have entered into 2 more stocks for The Elite Trader Portfolio: MBLY @ $59-$60 & MBUU @ $19. ~Stoney
SPECIAL NOTE TO SHAREHOLDERS. Head Of Investing Addresses Market Turmoil. Wow. We have a computer problem here at home base I think the DOW looks a lot lower than when we left you last. I think we have a miscalculation here of a thousand DOW points and that has added to our confusion. Core Position ZLTQ has been a champ and warrants further investment. Zeltiq is a cool way of removing fat and a health/bio hybrid stock with explosive growth- then to be cooled. At $ 32.00 it has held strong your entry point is $29. Yes you made money during this market turmoil! You are part of a very small investing group who regularly beats the market. Why you are getting all of this for free is beyond me at the moment.Zeltiq will shortly return to it's high. Core Position EXPD as predicted has held like a rock. At this point we're not sure why but if ever a chart was primed to go higher this is it. YOU have not lost a cent here! You are in at $46 and STILL up! Now at $48 Core Position POOL hasn't budget during a thousand point drop... Hummmm. What's going on here... (don't worry losses coming). Core position TMO is down. At $122 we are off ten bucks in keeping with market forces. <<< 2 of your 4 Core Positions are up 1 is Flat and 1 is Down >>> If any of you out there can do this feel free to step forward. I have unlocked the messaging side of this board and you can now leave comments. If anyone needs help in how you find a stock I hope this thread is illuminating. Ok lets address the bad. Your head of investment had a wild summer and was either in the woods on mushrooms or working hard in the garden or lying out at the beach. In all of those activities there is not a cell phone tower in site. I was quite removed from the market action and I made an Investing bet on two stocks while at Fire Island. MBLY & GLUU... The timing could not of been worse, these purchases stung as the buys were made unaware of China and roughly a day before the flash crash started. Fast Mover Mobleye Got Smacked. MBLY is at $51 now. We are in 2 lots at $57 and $59. Whoops!. Malibu Boats MBUU is $16.80. We are down Approx $2 from a $19 purchase. Darn! Corrections hurt, lets see who bounces hard here and who doesn't. Lets create a watch List here))))))) 1st Idea TUMI Luggage. Most likely now at the open. I'll be back on that. 2md Idea HQY. That HSA / Finance stock @ $29.00 These appear to be the best two ideas... I had a few more but I've misplaced my list we have a lot of action in the office today and on the rug as a new Puppy has arrived in my life!!!!! ~stoney
TUMI luggage is going to remain popular with upper class Chinese folk. It's a luxury bag but not flashy it's utilitarian and strong made. If spending in the Chinese market is down for luxury cars I don't think that trickles down to Tumi luggage. On May 6 Tumi missed rev by $7.5 million and got slammed. Shares declined 14%. Aug 5th next reporting period Tumi beats Rev by 5.5 mil stk due to general market conditions does not respond to the good news with the vigor of the bad. Lets look at the chart. On earnings that fateful May day $23.40 falls to $19 area and bases. On Good earnings Aug 5 $19 to only $20.67. Hummm. With a good support line at $19 now TUMI is a fresh investment and most likely not priced right. $21.82 is your B/O for a ride to $24-$25. and that's all free make up stuff. TUMI will be a LT investment from there. All I have to do now is get the guts up to call it in. That's the hard part when you don't trust the inner workings of a stock market... Building trust. HQY Has Earnings Tomorrow. SURPRISE! June 8th they knocked the cover off the ball the stk ran from $20.34 to top out at $34.00 Aug 18 the stk drops with the market... so it's not a counter the mood of the market stk... but it falls $33 to $28. I guess China is not into The Health Savings Accounts. Just got to get the nerve up folks, because this stk has the added Alpha of reporting tomorrow... then again that's how portfolio head starts happen. ~stoney
I would like to add these two stocks to the portfolio. Thank You. IT's DONE! HQY @ $ $29.85 TUMI @ $ 19.85