What to Expect From Wall Street Daily in 2012



Comments (7)

  1. I wouldn’t call IDCC a win unless you sold during the two month window where the stock was up. If you waited for the takeover you haven’t made a dime. Winners & losers aren’t determind over averages for the year.

    [Reply]

    Louis Basenese

    Louis Basenese Reply:

    As I mentioned in the article, I assumed a 25% trailing stop discipline. On June 26, when I wrote up IDCC it closed at $39.42. It then rallied to a high of $82.50 on July 21, which would have moved the trailing stop up to $61.86. That stop would have been triggered on August 15 for a gain of 56.9%. And I agree, winners and losers aren’t determined over averages. But I made over 50 specific recommendations and needed a more concise way to show the results instead of including a mile-long list in the article.

    [Reply]

  2. db says:

    Mr. Basenesse:

    The problem comes in the “Timing” of the prediction. As an example, the “Gold Bugs” have been proclaiming the rise of gold & the collapse of the dollar since at least the early 80s. They are trumpeting their predictions based on the rise over the past 3 years. Of course they say nothing about the prior 25 years when their prediction didn’t come true.

    You certainly may come back on BAC, but I appreciate you putting your time lines on the calls.

    As is true in baseball, nobody bats 1.000.

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  3. don says:

    You forgot Canadian banks, I bought RY in December for $47 up 7.7% with a 4% div. coming…Nice call in 2011!
    Thanks. Don

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  4. sbregg@gmail.com says:

    in the fall of 2011 you recommended TEF and CEL …both have dropped since then..What is your suggestion now , hold or sell?

    [Reply]

    Louis Basenese

    Louis Basenese Reply:

    I don’t believe in “trading” dividend stocks. They are meant to be held for longer periods of time, as long as nothing fundamentally changes with the company. And nothing’s fundamentally changed with TEF and CEL. I still consider both attractive dividend investments. Particularly for investors looking for exposure to international markets.

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  5. Louis, FYI I shorted gold when you recommended to even though I wasn’t nearly so down on it as you. It did go down for a while. I sold as it started back up so I did make some money on that short.

    [Reply]

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