Skip to main content

NeverForget ~ Where I came from

Gold Stock's a Big Winner in the Bear Market

The market was generally horrible, but William Staab's stock pick glittered: Gold miner Randgold Resources rose 32% in the six months through March, making Mr. Staab, a Realtor, the winner of Sunday Journal's 33rd Investment Dartboard Contest.
"I think it did well because of the current state of the economy," which saw anxious investors rushing into gold as a potential safe haven, says the Albuquerque Journal reader.
Mr. Staab was one of those investors -- he bought some shares in Randgold right before the contest began. "I wanted to put my money where my mouth was," he says.
Stocks picked by five other readers fell, in a period when the Dow Jones Industrial Average tumbled 30%. Last place went to David Highfield of Westminster, Md., whose pick of railroad company Burlington Northern Santa Fe (BNI) dropped 35%.
"It was the recession," says the Carroll County Times reader, a retiree and train buff. "There was a lack of goods moving across the rails because folks aren't ordering and buying."
As a group, the readers' stocks fell 13% from Sept. 30 through March 31, besting the Dow industrials' drop and also a 20% average decline for six stocks chosen by darts thrown randomly by Sunday Journal staffers. Over time, though, the darts have won more often than the readers, with 20 dart wins out of 33 contests.

New Picks Include a Rebuilding Bet and a Battered Bank

Here are the new picks and the March 31 starting prices for Sunday Journal's 35th Investment Dartboard contest, running through Sept. 30.
ABB ($13.94) Pep Petrocine of Tucson, Ariz., chose this Swiss power and automation technology company because "it was touted as being good for reconstruction and infrastructure." The retiree reads Sunday Journal in the Arizona Star.
Alcoa ($7.34) This blue-chip stock has been hit by falling prices and a 41% drop in sales. Despite posting a $497 million loss for the first quarter, the aluminum producer is "a good company for the future," says Frank Cirincione. Mr. Cirincione is an engineer in Baltimore who reads the Patriot-News from Harrisburg, Pa.
Citigroup ($2.53) Ron DeAngelo of Fort Lauderdale, Fla., thinks the share price of this banking giant "will go back to at least half of what it used to be, which would be a large increase." Citigroup's stock was over $25 in early 2008 and over $50 a year before that. The South Florida Sun-Sentinel reader works in law enforcement.
ConocoPhillips ($39.16) Mary Tremblay of Twin Mountain, N.H., who owns a glass store with her husband, thinks rising energy prices could eventually help this oil company. Ms. Tremblay reads the New Hampshire Sunday News.
ITT Educational Services ($121.42) This company, which runs technology-oriented postsecondary degree programs, seems healthy, says accountant and Island Packet reader Martine Glasscott. "They have continually been doing well over the years and it looks like they are expanding," says the Bluffton, S.C., resident.
Procter & Gamble ($47.09) Gary Maxon of Montrose, Colo., believes this consumer-products stock is "good for the long run," even if it takes some time to get back to the $70 price it was trading at a year ago. The maker of Tide detergent and Crest toothpaste "just seems to be one that plugs along," says the retiree, who reads the Denver Post.
Where the Darts Landed
Darts thrown by Sunday Journal staffers hit utilities and energy company Black Hills ($17.89), financial- and tax-software company Intuit ($27), department store Macy's ($8.90), professional recruitment firm MPS Group ($5.95), steel manufacturer Nucor ($38.17) and Swiss bank UBS ($9.43).
Write to Anna Prior at anna.prior@wsj.com

Comments

Popular posts from this blog

What is the Trumpty Dumpty Poem? Question from Readers Richard & Shannon

Richard & Shannon of Albuquerque, NM I am glad you asked that question.  I can see that the over 1,000 times I have posted this to social media it has seemed to take of and obviously I am able to borrow this graffic from someone who copied my poem.  I have seen variations of it but I can assure you mine is the original it dates dack to around March of 2017.

I did however not coin the phrase Trumpty Dumpty this was done by another Albuquerque resident that called into my friend Radio Talk Show host Norman Goldman (we met through our mutual friend Ed Schultz who just recently passed R.I.P.) you can listen to his show on AM 1350 in Albuquerque from 4-7pm Mountain (for the rest of the country check his website).  I wish I remembered the ladies name.  I first posted the peom on my Facebook page the day after the lady stated it on the show so if anyone claims copyright I can prove them wrong I wrote this enjoy"

"Trumpty Dumpty wants to Build a Great Wall"
"Trumpty Dum…

Homeless and Living with Covid 19 ~ My Personal Story

So I was diagnosed with Corona Virus on May 25th, 2020 at Martin Luther King Hospital in South Central Los Angeles. I arrived at the emergency room at 8:00am in the morning, after being triaged they suspected myself and two other gentlemen from the sober living recovery home where I was staying did indeed have the virus. So while we waited for the results which would take two hours I was scared my worst nightmare would come true I would have it, be homeless again and tossed out into the street.
     The two hours was an excruciating long time I was petrified, scared and facing the overall fact this may be it I might die. Then I remembered I have been through this before.  The first time I went in for my AIDS test back in 1986 after having been all over Europe and with many a man, I was back in my hometown in Waukesha Wisconsin and was the first ever patient at Waukesha Memorial Hospital to have the AIDS test administered. The girl in the laboratory was my friend from high school…

Liars and Buyer's and Bear's oh My!!!!!!!!! The Dow drops another 1000 points!

VS. 

If you have read my previous articles over the last couple of days I said I would be more worried if the DJIA corrected 2600 points in one day (10%)  well as of today that leaves us around 2,100 points off last week Wednesdays open.  I am still not in a panic and here is why:
Bulls vs. Bears
I'm looking at you right now stop talking to your dog and trying to make his head tilt to the side so you can do the Scooby Doo voice and say "Huh?"
What are they? Why do people on Wall Street keep referring too all these Bull markets, all these Bear Markets?  Why do people on Wall Street go South most of the time, North every so often but never East and West? These are terms that Wall Street users identify certain periods of time.  A "Bull" market is one that is charging upward (like a Bull lifting its horns upwards no end in site) while a "Bear" market means things are on the way down (like a bear striking with its claws downward)  this is also considere…