Name: Ben

Web Site: http://www.bostonwealth.net

Bio: Officially retired on December 7, 2011!


Posts by Ben:

    Redwood City becomes New Zealand only after they place 1st & 2nd on same day

    Written by Ben
    December 7th, 2011 at 7:15 pm

    2nd place winner Scott Cole in CNBC Million Dollar Portfolio Challenge

    Interesting that a contestant who claims New Zealand as his country is in the final 20. New Zealand not an eligible country for this competition. Until he was ranked 2nd, behind the first place contestant from Redwood City, the person from New Zealand was always from Redwood City. Couple that by the fact that the 1st place contestant from Redwood City states that he has helped this person. Perhaps the city was changed to New Zealand, California (huh?!) to draw heat away from the fact that number 1 and number 2 at the time where both from Redwood City, knew each other, and one was helping the other.. oh yeah! As soon as they achieved the consecutive rank of 1 & 2, magically the Redwood City contestant is now from New Zealand, California!

    CNBC I would go and get a temporary restraining order preventing you from awarding the prizes until you investigate this further… alas.. you made sure that disputes are settled only thru arbitration.. life imitating art… as in the real world a client could not take his broker to court.. only arbitration!


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    Ranked 88th & 99.99% in completed CNBC Million Dollar Portfolio Challenge. 200% year to date return with real trading

    Written by Ben
    December 7th, 2011 at 5:57 pm

     

     

    The CNBC Million Dollar Porfolio Competition had a total of 523,734 contestants

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    NYADV

    Written by Ben
    December 6th, 2011 at 8:48 pm

    The AD Line is a breadth indicator showing market participation. It is the number of advancing stocks minus the number of declining stocks. I am using a 50 day EMA (Exponential Moving Average). As can be seen on the charts, the advance in the S&P is supported by the advance in the NYADV. So a majority of the stocks are engaged in advancing that causes the AD Line to move up. Take away is that for a sustained advance in the S&P 500, one should see a continued improvement in the NYADV 50 day EMA.

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    Look what happened to TLB last time Sycamore Partners invested

    Written by Ben
    December 6th, 2011 at 8:02 pm

    TLB is at $2.70 in after hours trading after Sycamore Partners, which already owns nearly 10 percent of Talbots outstanding stock, said it would buy the remaining at $3 a share, a substantial premium to the $1.56 a share price at today’s closing bell. The stock is down a stunning 81 percent in 2011.

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    4,160% return for a Client in one stock in 2 years!

    Written by Ben
    December 3rd, 2011 at 8:51 pm

    Back in July 2009, I purchased 24,000 shares of OMAG at prices of .1036 and .13 so about a dime a  share for a client. OMAG  was at $4.95  just 3 months ago; that is a 4,160% increase in a little over 2 years .   So that original $2,440 investment was worth  an amazing $104,000 and today it would be worth $42,000.  Based on today’s closing price of $2, that is still a 1,622% increase! Sure I could have invested $10,000 myself and purchased 100,000 shares that at the height in September would have been worth a cool $500,000. But I didn’t. Because as an investment adviser I took it one step further. I never had a personal trading account, because I never wanted to be accused of any improprieties, or front running any stock. I wanted to give Clients all that I could.  As you can see in the 2nd  blue box below, I also announced back then that I had no position in OMAG, but stated it was just my way of sharing with readers, traders, and investors. Furthermore, I was extremely generous, and in numerous financial blogs I boldly predicted that OMAG would be over a few dollars in a few years (see text in blue box below) and urged everyone to buy it!  Guess what?   I have now done my due diligence and have found the next stock that will explode higher and similar to OMAG in the next few years. Want to know what it is? Too bad! I’m retired as an investment adviser and don’t dispense any investment advise anymore!

     

    Furthermore, I was extremely generous, and in numerous financial blogs I boldly predicted that OMAG would be over a few dollars in a few years (see text in blue box below) and urged everyone to buy it!

    “Well OMAG partnered with CCC which is the largest contractor in the region to complete this mega project in Oman..CCC is a solid company that does all the work for Bechtel in the region; in a few years when the project is finished I hope to look back and be able to tell you that OMAG was the next CAR. Hey it is speculative, but as an investment advisor I can say with almost certainty that most readers here can afford to lose $60. Full Disclosure: No position, but providing this info as a courtesy here in the spirit of “Value of Perfect Information” which is the name of my website!”

    Then I went on to state:

    As I get ready to call it a night here on the East Coast and regarding my prior post on OMAG. Take the time to read the companies 10-Q report that they recently filed. The Warren Buffet of the Middle East, Mr. S.K. of CCC who is a billionaire is about to acquire any day now a one hundred million dollar stake in the company and 49.9% ownership. I assure you this private company did not become a top 15 worldwide international construction giant in terms of revenue by foolishly investing. Just thought I would pass this on. If anyone needs a copy of the 10-Q and can’t find it, let me know!  (Click on image below to read text clearly)

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    SPX (S&P 500) weekly tournament

    Written by Ben
    December 2nd, 2011 at 12:55 am

    Guess the closing price to two decimal places for the SPX (S&P 500) cash for next Friday December 9, 2011 close.  The closest to the actual close will win $100.  If you are signed up for our newsletter you will win $150, and if you are a member of our free trial subscription or a permanent member to MortiES you will win $200.  Learn about MortiES.  There must be at least 100 entrants for this to be a valid competition.  Deadline to send me your closing price will be 5 p.m. EST on Sunday December 4, 2011.  I will post everyone’s closing price in a spreadsheet by Sunday evening.  Please select a username when you send me an email and that is what I will post your name as.  I will be doing this competition on a weekly basis!

    Send your closing price to bwm@bostonwealth.net or leave in the comments sections below.  Good luck

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    The next Black Swan Event

    Written by Ben
    December 2nd, 2011 at 12:27 am

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    Charts of BHI, SPX, SPY & Dow Jones

    Written by Ben
    November 30th, 2011 at 10:19 pm

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    Ranked 176th & 99.97% in CNBC million dollar competition

    Written by Ben
    November 30th, 2011 at 5:52 pm

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    Leaders

    Written by Ben
    November 30th, 2011 at 5:32 pm

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