Seeking Alpha

Jim Van Meerten's  Instablog

Jim Van Meerten
Send Message
Jim Van Meerten is an advisor to Marketocracy Capital Management and writes on financial subjects here and on Barchart Portfolio Blogs and Seeking Alpha. He earned a BS in Accounting and Business Administration from Berry College; a Juris Doctorate from the Woodrow Wilson School of Law; and... More
My company:
Marketocracy Capital Management
My blog:
Barchart Portfolio Blogs
  • Closed-End energy play 0 comments
    Dec 15, 2009 12:06 PM | about stocks: FEN
    I still have some room in my VMSLO fund and after screening on BarChart for stocks hitting new highs that trade below 100K per day came up with Energy Income & Growth Fund -- FEN. Not all my plays are for price appreciation only. Sometimes you need to look at total return. This stock has doubled in price this year and still pays a 7.50% dividend. Energy is where it's at.

    The fund is a closed-end fund which invests in Master Limited Partnerships of energy related companies. Some of what you are paying for is expertise in this area.

    On a technical side BarChart show this stock has had price appreciation in 15 of the last 20 trading sessions and is 5 for 5 recently. It has had a 17.25% price appreciation in the last 65 days and almost doubled in price this year. There are buy signals on 13 of BarChart's 13 technical indicators for a 100% buy rating.

    Over on Motley Fool CAPS members think the fund will beat the S&P 500 by a vote of 48 to 8 with the All Stars in agreement 13 to 1.

    Recommendation: I'm adding Energy Income & Growth -- FEN to my Marketocracy portfolio VMSLO around 23.80 with a stop loss no lower than 22.

    Jim Van Meerten is an investor who writes on financial matters here and on Financial Tides. Please leave a comment below or email FinancialTides@gmail.com



    Disclosure: Dsiclosure: No positions at the time of publication
    Themes: energy Stocks: FEN
Back To Jim Van Meerten's Instablog HomePage »

Instablogs are blogs which are instantly set up and networked within the Seeking Alpha community. Instablog posts are not selected, edited or screened by Seeking Alpha editors, in contrast to contributors' articles.

Comments (0)
Track new comments
Be the first to comment
Full index of posts »
Latest Followers

StockTalks

More »

Latest Comments


Posts by Themes
Instablogs are Seeking Alpha's free blogging platform customized for finance, with instant set up and exposure to millions of readers interested in the financial markets. Publish your own instablog in minutes.