Zeal recommended COP in April 06, when it was $63.15/share, as a long-term investment. In June, they recommended COP Nov 60 calls. I went long in August, at around the price they recommended COP, and it was still in their long-term portfolio. So I followed the COP instruction.
Zeal recommended Ivernia in their May 06 newsletter, as a long-term investment. IVW.TO. Since I did not have a Canadian account, I had to buy it as a pink sheet stock, but the worst mistake I made, is not setting a stop. So now I just have to hope that its lead sales will pick up, and its stock will recover. The reason I did not set a stop loss, is because I did not want to get stopped out just because of some commodity stock volatility. I don’t mind the volatility in a stock I’m holding for the long-term, but I’m also concerned that it dropped so much. Fortunately, I only have a couple grand into it, so not a big loss if it doesn’t recover.
Paraphrased/copied from Zeal’s May 06 newsletter:
Their new operation in Western Australia is going to be one of the top five lead producing mines on the planet. Its lead concentrate is shipped to Asia, the fasted growing area for lead demand. It is the only pure-lead-play publicly traded company n the world,. It looks esceellent in fundamental and technical terms. It is trading at under 5x forward PEs. At today’s lead prices of $.55/pound, Ivernia operating profits would run a massive $59mil.
So both of those stocks they recommended are way down. I did not follow their other stocks, but we could do so. Here are some of their other picks as listed in the May06 newsletter, along with the price at the time of recommendation.
