Kirk Lindstrom's Instablog Kirk Lindstrom has an engineering degree from the University of California, Berkeley. Following 20 years of research and development as a scientist and engineer at Hewlett Packard, Kirk turned his attention to investments where he edits "Kirk Lindstrom's Investment Letter," that includes a newsletter portfolio he started in September 1998. Since 12/31/98 "Kirk's Newsletter Explore Portfolio" is UP 126% vs. S&P500 DOWN 2.4% vs. NASDAQ down 8.6% (All through 8/7/09) More info & a FREE Sample Issue at: http://kirklindstrom.blogspot.com Kirk has written about and helped individuals learn to manage their investments since the early 1990's. For over a decade, Kirk edited "Investing and Personal Finance (http://www.suite101.com/writer_articles.cfm/kirk)" at Suite101, one of the first investment web sites on the Internet. Kirk took-off on his own in late 2006 and early 2007 to write "Kirk's Market Thoughts (http://kirklindstrom.blogspot.com/)", co-found "The Retirement Advisor (http://www.theretirementadvisor.net/index.php)" newsletter and several other successful web sites. Kirk continues his decade plus tradition of helping others learn to invest wisely with his free Facebook group, "Investing for the Long Term" at http://www.facebook.com/group.php?gid=2267714264 Kirk also moderates a Facebook forum for ECRI to answer questions http://www.facebook.com/topic.php?uid=2267714264&topic=6119 Working with ECRI, Kirk will occasionally condense ECRI's subscriber articles for public posting on his blog: http://kirklindstrom.blogspot.com/search/label/ECRI Kirk Lindstrom http://seekingalpha.com Warren Buffett Sells More Moody's Stock http://seekingalpha.com/instablog/21547-kirk-lindstrom/40979-warren-buffett-sells-more-moody-s-stock?source=feed 40979 This article was originally posted at Kirk's Market Thoughts as Warren Buffett Sells Moody’s Stock.

Buffett's favorite holding period for stock may be "forever" but that doesn't mean he never sells. Today Reuters reported Warren Buffett's Berkshire Hathaway (BRKA Charts and Quote) sold Moody's Corp. stock (MCO) for the sixth time since July.
Dec. 23 (Bloomberg) -- Warren Buffett’s Berkshire Hathaway Inc. cut its stake in Moody’s Corp. for the sixth time since July after the ratings company was hit by profit declines, lawsuits and criticism from regulators.

Berkshire sold 87,992 shares on Dec. 18 for $26.77 apiece and remains Moody’s biggest shareholder, according to a regulatory filing yesterday. Omaha, Nebraska-based Berkshire’s stake is down about 34 percent from the 48 million shares it owned at the end of June.
Remember that Moody’s, Standard & Poor’s and Fitch Ratings were blindsided by the financial meltdown when all three firms gave top grades to U.S. subprime mortgage bonds that caused the financial crisis.
Our Favorite holding period is forever.”
-Warren Buffett
As of December 23, 2009, "Kirk's Newsletter Explore Portfolio" is up 33.6% YTD vs. DJIA up 19.2% YTD vs BRKA up 2.4% YTD (Kirk's Two Investment Letters)

click charts courtesy of stockcharts.com for full size image

More Information:



Disclosure: No positions]]> Wed, 23 Dec 2009 12:25:09 -0500 This article was originally posted at Kirk's Market Thoughts as Warren Buffett Sells Moody’s Stock.

Buffett's favorite holding period for stock may be "forever" but that doesn't mean he never sells. Today Reuters reported Warren Buffett's Berkshire Hathaway (BRKA Charts and Quote) sold Moody's Corp. stock (MCO) for the sixth time since July.
Dec. 23 (Bloomberg) -- Warren Buffett’s Berkshire Hathaway Inc. cut its stake in Moody’s Corp. for the sixth time since July after the ratings company was hit by profit declines, lawsuits and criticism from regulators.

Berkshire sold 87,992 shares on Dec. 18 for $26.77 apiece and remains Moody’s biggest shareholder, according to a regulatory filing yesterday. Omaha, Nebraska-based Berkshire’s stake is down about 34 percent from the 48 million shares it owned at the end of June.
Remember that Moody’s, Standard & Poor’s and Fitch Ratings were blindsided by the financial meltdown when all three firms gave top grades to U.S. subprime mortgage bonds that caused the financial crisis.
Our Favorite holding period is forever.”
-Warren Buffett
As of December 23, 2009, "Kirk's Newsletter Explore Portfolio" is up 33.6% YTD vs. DJIA up 19.2% YTD vs BRKA up 2.4% YTD (Kirk's Two Investment Letters)

click charts courtesy of stockcharts.com for full size image

More Information:



Disclosure: No positions]]> mco Citi Capital Ratios to Remain Tops After Repaying TARP http://seekingalpha.com/instablog/21547-kirk-lindstrom/39939-citi-capital-ratios-to-remain-tops-after-repaying-tarp?source=feed 39939 This article was originally posted at Kirk's Market Thoughts as Citi To Repay Tarp; BofA Repaid Tarp.
Yesterday Citigroup (C charts) announced plans to repay TARP. This came less than two weeks after Bank of America (BofA - BAC charts) announced it moved forward its equity offering to repay tarp due to high demand.

Dec. 14 Headline: Citi to raise $17 billion to repay U.S.
Excerpts:
  • Citigroup laid out a plan to repay the money it owes the U.S. government, including issuing $17 billion of stock immediately, as the bank looks to end the executive pay restrictions that came with the funds.
  • The government plans to start selling the roughly $30 billion of Citigroup shares it owns, and is ending its agreement to guarantee a roughly $250 billion pool of Citigroup assets against outsized losses.
  • The government estimates it could see a profit of $13 billion to $14 billion on its investment in the bank.
Dec. 3 Headline: BofA sells $19.3 billion of securities for TARP repay
Excerpts:
  • The bank had previously said it planned to sell securities next Monday, but moved the sale forward because of demand. The size of the deal grew to $19.29 billion of common equivalent securities, from an originally planned $18.8 billion, according to a pricing document sent to investors and obtained by Reuters.
  • The securities sold at $15 each, about 5 percent below where Bank of America shares closed on Thursday. The securities will convert to common stock once equity investors approve an increase in authorized Bank of America shares. The bank's shares fell to $15.58 in aftermarket trading.
According to a document released Monday by Citi titled "Repaying TARP and other Capital Actions," Citi's Tier 1 capital ratio (a measure of a bank strength) will drop to a tie with #2 BofA while its Tier 1 common ratio will remain the leader at 9.0% compared to 8.4% at #2 BofA.

click for full size images


Today BofA and Citi are trading at $15.53 and $3.74, respectively. Current:
Disclosure: I own Citi in my personal portfolio and have it as a profitable position in my newsletter explore portfolio with the last trade a buy in the $2s.

Article Comments to date:

Kirk said...

Jim Cramer is pounding the table bullish on Citigroup today on "Mad Money" with comments like

"I think it could triple "

"I predict it will trade at $12 in 3 years."

"I think Pandit (new CEO) did a good job of turning the bank around, given the condition it was in." He blamed Prince and Rubin for making a great bank terrible.

Jim suggests it will bottom when it offers the new shares which could be as early as tomorrow night.

Disclosure: Long C]]> Tue, 15 Dec 2009 09:47:22 -0500 This article was originally posted at Kirk's Market Thoughts as Citi To Repay Tarp; BofA Repaid Tarp.
Yesterday Citigroup (C charts) announced plans to repay TARP. This came less than two weeks after Bank of America (BofA - BAC charts) announced it moved forward its equity offering to repay tarp due to high demand.

Dec. 14 Headline: Citi to raise $17 billion to repay U.S.
Excerpts:
  • Citigroup laid out a plan to repay the money it owes the U.S. government, including issuing $17 billion of stock immediately, as the bank looks to end the executive pay restrictions that came with the funds.
  • The government plans to start selling the roughly $30 billion of Citigroup shares it owns, and is ending its agreement to guarantee a roughly $250 billion pool of Citigroup assets against outsized losses.
  • The government estimates it could see a profit of $13 billion to $14 billion on its investment in the bank.
Dec. 3 Headline: BofA sells $19.3 billion of securities for TARP repay
Excerpts:
  • The bank had previously said it planned to sell securities next Monday, but moved the sale forward because of demand. The size of the deal grew to $19.29 billion of common equivalent securities, from an originally planned $18.8 billion, according to a pricing document sent to investors and obtained by Reuters.
  • The securities sold at $15 each, about 5 percent below where Bank of America shares closed on Thursday. The securities will convert to common stock once equity investors approve an increase in authorized Bank of America shares. The bank's shares fell to $15.58 in aftermarket trading.
According to a document released Monday by Citi titled "Repaying TARP and other Capital Actions," Citi's Tier 1 capital ratio (a measure of a bank strength) will drop to a tie with #2 BofA while its Tier 1 common ratio will remain the leader at 9.0% compared to 8.4% at #2 BofA.

click for full size images


Today BofA and Citi are trading at $15.53 and $3.74, respectively. Current:
Disclosure: I own Citi in my personal portfolio and have it as a profitable position in my newsletter explore portfolio with the last trade a buy in the $2s.

Article Comments to date:

Kirk said...

Jim Cramer is pounding the table bullish on Citigroup today on "Mad Money" with comments like

"I think it could triple "

"I predict it will trade at $12 in 3 years."

"I think Pandit (new CEO) did a good job of turning the bank around, given the condition it was in." He blamed Prince and Rubin for making a great bank terrible.

Jim suggests it will bottom when it offers the new shares which could be as early as tomorrow night.

Disclosure: Long C]]> c bac jpm wfc The DJIA in Gold Ratio Update http://seekingalpha.com/instablog/21547-kirk-lindstrom/39716-the-djia-in-gold-ratio-update?source=feed 39716 This article was originally posted at Kirk's Market Thoughts as DOW Gold Ratio at 9.39.

At 9.39, the Dow Jones Industrial Average measured in how many ounces of gold it takes to buy the 30 stock DOW is up 33.6% from its 17-year March 6th low of 7.03. Despite that impressive gain, the DOW-Gold ratio remains 79% below its 1999 peak of 44.77. See:
Here is a chart showing the current Dow to Gold Ratio, the ratio of the price of the Dow Jones Industrial Average to the price of gold. When measured in ounces of Gold, the DOW has been in a secular bear market since peaking in late 1999.

lick chart courtesy of stockcharts.com for full size image

The markets, measured by the S&P500 (S&P500 Charts) and DIJA (DJIA Charts), may have recovered to new highs in 2007, but the DOW:Gold ratio told a different, truer story of just how unhealthy the US economy was.
  • Back in 1999, it took 45 ounces of gold to buy the DJIA.
     
  • On Friday March 6 of 2009 the DOW-Gold ratio hit a low of 7.03
     
  • As of Friday (December 11, 2009) it only took 9.39 ounces of gold to buy the DOW
     
  • Gold quote and charts
The scary part is the DJIA-to-Gold ratio got down near 1 in the early 1980s and was just under 0.2 in the early 1800s.

This 200 Year Dow/Gold Chart shows the DOW/Gold ratio from 1800 through August 2008.
chart courtesy of sharelynx.com (Click for full size image)

With the DOW:Gold ratio now at 9.66, it is trading below the green zone in the second chart. The ratio is oversold, but nothing says it can't get more "oversold."

CDs have been a "safe haven" for those wishing to preserve assets and get a small inflation adjusted return. See "Very Best CD Rates with FDIC" for a list of the best rates and terms.

US Treasury rates are so low, that they are paying less than long term inflation. See:
Disclosure: I own a very small amount of gold hidden in the house for bribes if we see Armageddon. For real inflation protection, I own and recommend in my newsletters TIPS, TIPS mutual funds (VIPSX) and Series iBonds.

For more information, see:
Question: Which way do you think the DOW-Gold ratio is headed?







Disclosure: I own a very small amount of gold hidden in the house for bribes if we see Armageddon. For real inflation protection, I own and recommend in my newsletters TIPS, TIPS mutual funds (VIPSX) and Series iBonds.]]> Sun, 13 Dec 2009 23:44:41 -0500 This article was originally posted at Kirk's Market Thoughts as DOW Gold Ratio at 9.39.

At 9.39, the Dow Jones Industrial Average measured in how many ounces of gold it takes to buy the 30 stock DOW is up 33.6% from its 17-year March 6th low of 7.03. Despite that impressive gain, the DOW-Gold ratio remains 79% below its 1999 peak of 44.77. See:
Here is a chart showing the current Dow to Gold Ratio, the ratio of the price of the Dow Jones Industrial Average to the price of gold. When measured in ounces of Gold, the DOW has been in a secular bear market since peaking in late 1999.

lick chart courtesy of stockcharts.com for full size image

The markets, measured by the S&P500 (S&P500 Charts) and DIJA (DJIA Charts), may have recovered to new highs in 2007, but the DOW:Gold ratio told a different, truer story of just how unhealthy the US economy was.
  • Back in 1999, it took 45 ounces of gold to buy the DJIA.
     
  • On Friday March 6 of 2009 the DOW-Gold ratio hit a low of 7.03
     
  • As of Friday (December 11, 2009) it only took 9.39 ounces of gold to buy the DOW
     
  • Gold quote and charts
The scary part is the DJIA-to-Gold ratio got down near 1 in the early 1980s and was just under 0.2 in the early 1800s.

This 200 Year Dow/Gold Chart shows the DOW/Gold ratio from 1800 through August 2008.
chart courtesy of sharelynx.com (Click for full size image)

With the DOW:Gold ratio now at 9.66, it is trading below the green zone in the second chart. The ratio is oversold, but nothing says it can't get more "oversold."

CDs have been a "safe haven" for those wishing to preserve assets and get a small inflation adjusted return. See "Very Best CD Rates with FDIC" for a list of the best rates and terms.

US Treasury rates are so low, that they are paying less than long term inflation. See:
Disclosure: I own a very small amount of gold hidden in the house for bribes if we see Armageddon. For real inflation protection, I own and recommend in my newsletters TIPS, TIPS mutual funds (VIPSX) and Series iBonds.

For more information, see:
Question: Which way do you think the DOW-Gold ratio is headed?







Disclosure: I own a very small amount of gold hidden in the house for bribes if we see Armageddon. For real inflation protection, I own and recommend in my newsletters TIPS, TIPS mutual funds (VIPSX) and Series iBonds.]]> gold gld National Debt Over $12.1 Trillion or $111,224 per US Taxpayer! http://seekingalpha.com/instablog/21547-kirk-lindstrom/39479-national-debt-over-12-1-trillion-or-111-224-per-us-taxpayer?source=feed 39479 This article was originally posted at Kirk's Market Thoughts as US National Debt Passes 12.1 Trillion Dollars!

Check out The National Debt Clock for a sobering set of statistics.

As I type, the total nation debt is over 12 TRILLION 1o4 Million!

$12,104,298,636,666

It advanced over 30 MILLION as I wrote that down.

National
  • Debt per citizen = $39,283
  • Debt per taxpayer = $111,224
     
  • Interest per citizen = $5,859
US Population = 308,129,449
Number of US Taxpayers = 108,834,743
Number of Officially Unemployed = 15,403,989

Number of US Workforce 138,584,486
Number of Federal Employees = 4,238,946
Number of US retirees = 37,500,533

Notes of interest:

Not all workers pay taxes since they fall below the threshold.

If you define "supporting" as you give more to government than you get from the government, then this calculation is staggering:

Us 108.8 million taxpayers are supporting 57.1 million people!
  • 4.2M federal workers
  • 15.4 M unemployed and
  • 37.5M retired people!
The price of Gold (Gold Charts) is probably reflecting the market's belief in how difficult it will be for US taxpayers to repay this debt without massive inflation.

Disclosure: I have no position in Gold but I do have significant personal positions in TIPS, TIPS mutual funds and iBonds plus I hold them in BOTH my newsletter portfolios.   See: Kirk's Two Investment Letters


Disclosure: no position in Gold but I do own TIPS, TIPS funds and Series-I Bonds.]]> Fri, 11 Dec 2009 12:14:01 -0500 This article was originally posted at Kirk's Market Thoughts as US National Debt Passes 12.1 Trillion Dollars!

Check out The National Debt Clock for a sobering set of statistics.

As I type, the total nation debt is over 12 TRILLION 1o4 Million!

$12,104,298,636,666

It advanced over 30 MILLION as I wrote that down.

National
  • Debt per citizen = $39,283
  • Debt per taxpayer = $111,224
     
  • Interest per citizen = $5,859
US Population = 308,129,449
Number of US Taxpayers = 108,834,743
Number of Officially Unemployed = 15,403,989

Number of US Workforce 138,584,486
Number of Federal Employees = 4,238,946
Number of US retirees = 37,500,533

Notes of interest:

Not all workers pay taxes since they fall below the threshold.

If you define "supporting" as you give more to government than you get from the government, then this calculation is staggering:

Us 108.8 million taxpayers are supporting 57.1 million people!
  • 4.2M federal workers
  • 15.4 M unemployed and
  • 37.5M retired people!
The price of Gold (Gold Charts) is probably reflecting the market's belief in how difficult it will be for US taxpayers to repay this debt without massive inflation.

Disclosure: I have no position in Gold but I do have significant personal positions in TIPS, TIPS mutual funds and iBonds plus I hold them in BOTH my newsletter portfolios.   See: Kirk's Two Investment Letters


Disclosure: no position in Gold but I do own TIPS, TIPS funds and Series-I Bonds.]]> gold gld Dr. Doom Nouriel Roubini Bearish on Gold http://seekingalpha.com/instablog/21547-kirk-lindstrom/39291-dr-doom-nouriel-roubini-bearish-on-gold?source=feed 39291 Kirk's Market Thoughts as Nouriel Roubini Gold & Stock Market Outlook.

Not only is Nouriel Roubini, called "Dr. Doom" by many, a stock market bear, he is bearish on gold. Gold (Gold Charts) is currently trading at $1123 per ounce.

"I don't believe in gold," Roubini told CNBC. "Gold can go up for only two reasons."

"[the first is] inflation, and we are in a world where there are massive amounts of deflation because of a glut of capacity, and demand is weak, and there's slack in the labor markets with unemployment above 10 percent in all the advanced economies. So there's no inflation, and there's not going to be for the time being.”

Kirk's Comment: The price of Gold is probably predicting the future out to 10 years or more much as the very low PE ratios for banking and home builders in 2006 and early 2007 predicted the financial meltdown years before it happened. Even today, stocks like Verizon and AT&T have very high dividends with low PE ratios which tells me the market expects communication bandwidth to eventually become a commodity. Low PE ratios and high dividends often say more about the long-term future than the present just as the current high price for gold may be telegraphing the future unless we get our spending under control in the US.

The second way gold can go higher in this deflationary economy, according to Roubini, is a financial Armageddon. Roubini says we've avoided that risk.

Kirk's Comment: Have we? If US Treasury interest rates eventually soar to attract money to finance our huge debt, we'll have to borrow even more money to repay the debt. With the Democrats and Republicans both spending more than we take in as fast as they can, the price of gold may be predicting a different, but very real financial Armageddon.

Roubini said gold can't move up 20% to 30% unless we end up in a world of inflation or another depression.
“So all the gold bugs who say gold is going to go to $1,500, $2,000, they're just speaking nonsense."

click for full size image from stockcharts.com

Nouriel Roubini is a professor at the Stern Business School at New York University, chairman of Roubini Global Economics and a weekly columnist for Forbes magazine.

Current Quotes (click for current quote and chart):
My prior updates on Dr. Doom:
Disclaimer: I have no position in Gold but I do have significant personal positions in TIPS, TIPS mutual funds and iBonds plus I hold them in my newsletter portfolios.



Disclosure: TIPS, iBonds & Tips mutual funds (disclosed in article)]]> Thu, 10 Dec 2009 12:05:05 -0500 Kirk's Market Thoughts as Nouriel Roubini Gold & Stock Market Outlook.

Not only is Nouriel Roubini, called "Dr. Doom" by many, a stock market bear, he is bearish on gold. Gold (Gold Charts) is currently trading at $1123 per ounce.

"I don't believe in gold," Roubini told CNBC. "Gold can go up for only two reasons."

"[the first is] inflation, and we are in a world where there are massive amounts of deflation because of a glut of capacity, and demand is weak, and there's slack in the labor markets with unemployment above 10 percent in all the advanced economies. So there's no inflation, and there's not going to be for the time being.”

Kirk's Comment: The price of Gold is probably predicting the future out to 10 years or more much as the very low PE ratios for banking and home builders in 2006 and early 2007 predicted the financial meltdown years before it happened. Even today, stocks like Verizon and AT&T have very high dividends with low PE ratios which tells me the market expects communication bandwidth to eventually become a commodity. Low PE ratios and high dividends often say more about the long-term future than the present just as the current high price for gold may be telegraphing the future unless we get our spending under control in the US.

The second way gold can go higher in this deflationary economy, according to Roubini, is a financial Armageddon. Roubini says we've avoided that risk.

Kirk's Comment: Have we? If US Treasury interest rates eventually soar to attract money to finance our huge debt, we'll have to borrow even more money to repay the debt. With the Democrats and Republicans both spending more than we take in as fast as they can, the price of gold may be predicting a different, but very real financial Armageddon.

Roubini said gold can't move up 20% to 30% unless we end up in a world of inflation or another depression.
“So all the gold bugs who say gold is going to go to $1,500, $2,000, they're just speaking nonsense."

click for full size image from stockcharts.com

Nouriel Roubini is a professor at the Stern Business School at New York University, chairman of Roubini Global Economics and a weekly columnist for Forbes magazine.

Current Quotes (click for current quote and chart):
My prior updates on Dr. Doom:
Disclaimer: I have no position in Gold but I do have significant personal positions in TIPS, TIPS mutual funds and iBonds plus I hold them in my newsletter portfolios.



Disclosure: TIPS, iBonds & Tips mutual funds (disclosed in article)]]> gold gld tip vz t iBonds TIPS GGR: GeoGlobal Resources Technical Analysis Update http://seekingalpha.com/instablog/21547-kirk-lindstrom/34555-ggr-geoglobal-resources-technical-analysis-update?source=feed 34555 Kirk's Market Thoughts as GGR: GeoGlobal Resources Inc. - Technical Analysis: Golden Cross & Rounding Bottom Patterns


GeoGlobal Resources Inc. (GGR Charts) is about to make a "Golden Cross" chart pattern. This is where its 50-day moving average crosses above its 200-day moving average.


Click chart courtesy of stockcharts.com for full size image

I show the 50 and 200 DMA now at $1.06. With GGR trading now at $1.18, the 50 DMA should be higher tomorrow (or very soon) for an official crossing.

A Golden Crossing should show up on all sorts of trader charts so I expect money could surge into the stock. Grab your stocks and pull up your socks.....

As you can see from this longer term chart, GeoGlobal is also making a beautiful rounding bottom pattern. Also bullish is GGR appears to have successfully tested its 50 DMA which has switched from resistance to support.

Click chart courtesy of stockcharts.com for full size image

I added shares of GGR to my personal and newsletter portfolios under a buck in August (80¢ in my newsletter and ROTH portfolios) so I'm ready to go higher. I am pleased those August lows held (so far) in this recent correction.

More information
GeoGlobal Trading Success: This is a good money maker stock if you have the patience to buy when cheap and sell when very high. In my newsletter portfolio I have generated $18,276 cash, all pure profit from GGR plus I have 7,900 shares on "house money." GGR could drop to zero overnight and I'd still have profits of $18,276! I first started writing about and trading GeoGlobal about 10 years ago when it was Suite101.com/BOWG.

Disclaimer: I am locked and loaded with shares added to personal and newsletter portfolios at 80¢. I have long-term shares purchased as low as 12¢ in my personal portfolio. I have plans in place to sell shares at preset, but significantly higher prices listed in my newsletter. If my outlook changes, I may sell sooner and announce it to my subscribers.

]]> Thu, 05 Nov 2009 20:35:55 -0500 Kirk's Market Thoughts as GGR: GeoGlobal Resources Inc. - Technical Analysis: Golden Cross & Rounding Bottom Patterns


GeoGlobal Resources Inc. (GGR Charts) is about to make a "Golden Cross" chart pattern. This is where its 50-day moving average crosses above its 200-day moving average.


Click chart courtesy of stockcharts.com for full size image

I show the 50 and 200 DMA now at $1.06. With GGR trading now at $1.18, the 50 DMA should be higher tomorrow (or very soon) for an official crossing.

A Golden Crossing should show up on all sorts of trader charts so I expect money could surge into the stock. Grab your stocks and pull up your socks.....

As you can see from this longer term chart, GeoGlobal is also making a beautiful rounding bottom pattern. Also bullish is GGR appears to have successfully tested its 50 DMA which has switched from resistance to support.

Click chart courtesy of stockcharts.com for full size image

I added shares of GGR to my personal and newsletter portfolios under a buck in August (80¢ in my newsletter and ROTH portfolios) so I'm ready to go higher. I am pleased those August lows held (so far) in this recent correction.

More information
GeoGlobal Trading Success: This is a good money maker stock if you have the patience to buy when cheap and sell when very high. In my newsletter portfolio I have generated $18,276 cash, all pure profit from GGR plus I have 7,900 shares on "house money." GGR could drop to zero overnight and I'd still have profits of $18,276! I first started writing about and trading GeoGlobal about 10 years ago when it was Suite101.com/BOWG.

Disclaimer: I am locked and loaded with shares added to personal and newsletter portfolios at 80¢. I have long-term shares purchased as low as 12¢ in my personal portfolio. I have plans in place to sell shares at preset, but significantly higher prices listed in my newsletter. If my outlook changes, I may sell sooner and announce it to my subscribers.

]]> ggr oil natural gas drillers