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Investment Challenge Presentation
- 1. INVESTMENT CHALLENGE Team Strategy
- 3. Our Trading Strategy • Our first trade • Gildan Activewear • Short term, high probable return • “Hype” stocks • CommScope • Evertz • ASTI • Hot sectors • Energy • Materials
- 4. CANADIAN WINNERS THE BANK OF NOVA SCOTIA provides personal and commercial banking, wealth management and corporate and investment banking services and products to individual and business customers in Canada and around the world. • Bought 1,000 @ $43.59 • Bought 1,000 @ $43.57 • Average holding price of $43.58 • (6.15% Gain on $46.26 market price)
- 6. AUR RESOURCES INC. is a mining and metal production company which has interests in and operates the Andacollo mine and the Quebrada Blanca mine in Chile, and the Duck Pond Mine in Newfoundland, Canada. • 15 March: Bought 2000 @ $20.00 • Current Market Price: $23.66 (+18.30%)
- 7. Why did we buy AUR? • AUR’s Last press release • 1: Aur Resources Inc. Reports Net Earnings of US$68.5 Million for the Fourth Quarter and US$293.7 Million for Fiscal 2006 CCNMatthews, February 9, 2007 06:00 AM • Continued drop after the Shanghai Butterfly
- 8. CANADIAN LOSERS PLEXMAR RESOURCES INC. is involved in the acquisition, exploration and development of mineral properties. • Bought 70,000 @ $.58 • Current Market Price $.45 • (Loss of 23.28% or $9,100)
- 9. U.S. WINNERS Ascent Solar Technologies is a developer of stateoftheart, thinfilm photovoltaic materials and modules and is located in Littleton, Colorado. Extremely thin, pliable, and very heat resistant solarenergycapturing film and infrastructure • Ascent Solar To Present At SRA's 3rd Annual Winter Technology & Healthcare Conference 02/26/2007 1:40PM RTT News • NHY: Acquires Minority Stake in Ascent Solar Technologies, Inc. 03/13/2007 4:01PM – Knobias • Norsk Hydro Acquires 1.6 Mln Common Shares Of Ascent Solar Through Private Placement 03/13/2007 10:30PM RTT News • 2/26/2007: Bought 7200 @ $4.24 • 2/28/2007: Trade Failed (2000 Shares @ $4.23 – no liquid!) • 3/20/2007: Sold 7200 @ $7.57 • Gain of 78.5% or $24,000
- 10. CommScope Inc. is a world leader in the design and manufacture of cable and connectivity solutions for communications networks. They focus on the ‘last mile’ in communications networks, which is the distribution access, or final link to the customer. We believe we are a global leader in structured cabling and broadband coaxial cables. • Why CommScope? • Momentum • Hype • Solid Stock • Now – Short term sell • Low volume below 50day • Unsustainable upward trend • Very overbought • Bought 700 @ $40.00 • Bought 1300 @ $38.42 • Post Shanghai Butterfly • Average Price $38.973 • 10.46% Gain on current market price of $43.05
- 11. U.S. Losers Just Kidding! We didn’t choose any losers, but we ended up with some anyway!
- 12. The $12,000 Mistake What Actually Happened • URE ULTRA REAL ESTATE PR (URE) • Bought 1000 shares at $72.47/share on February 22nd • Current price: 60.72/share • Loss: $11,750
- 13. The $12,000 Mistake What was Supposed to Happen • URENERGY INC (URE.TO) • Would have bought 13,589 shares at 5.30/share • Current price: 4.71/share • The loss that should have happened: ~$8,000 • Alan’s messup: ($3,750)
- 14. The $12,000 Mistake What Actually Happened • ETRC – E*TRADE Financial • Purchased 1000 shares at $24.5/share • Sold at $22.32/share for a loss of ~$1,300.
- 15. The $12,000 Mistake What was Supposed to Happen • ET.TO • 1000 shares at $13.17/share. • Current: 16.00/share. • Gain that was suppose to happen: $2,830