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DXP Enterprises, Inc. Message Board

  • LFchachere LFchachere Aug 22, 2006 3:22 PM Flag

    Navellier's record is attrocious

    Just bought this stock now that I found out the reason it is down is due to Navellier ...

    He recommended this in the high $40s, when it fell to the $20s he no longer had it as a top 5 pick, and now he is being sneaky in his bulletin saying "it had a huge 50% run-up" ... with NO mention that he lost on the trade.

    Anyway, Navellier tends to affect stocks for 1 day .. and thats the day he puts the mention in the bulletin. After that, it reverses. So basically anything he dumps, should be bought, and anything he picks should be shorted on the strength.
    ==

    Just to give an example about how shallow this guy is .. last May he recommended ERS, for $40 area, a couple weeks ahead of their flat earnings report which killed the stock completely.
    If Navellier had done his homeword and read the annual 10K report, he would have seen the December backlog on ERS was flat, and thus would have known the first quarter earnings would kill the stock. Anyway, he has ridden that one down all the way to the low teens.

    He also tossed VPHM not too long ago, for nearly a 50% loss, and ever since then, that stock has been in an uptrend.

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DXPE
40.46-1.12(-2.69%)May 26 4:00 PMEDT