No time for courage here....what we are confronted with is the dreaded "Mark Skousen Effect", where a stock languishes indefinitely or drops dramatically. If you don't believe me look at his other picks...Altif, Nissan, Midas Fund....don't know what garbage he is scamming off these days but I do know his stock picking/pumping nearly wiped out my portfolio several years ago (I believe he was pushing WHC then for about $20). Check out his record with Hulbert's - he's barely beat a money market.
subscribe to the Skouson report. I was a sucker for midas as well, but did make good money on the Altair stock, as well as Janus Worldwide. What is his position on WHC now? Regardless, the brokers that follow the stock still rate it a buy. Isn't this enough to drive the price up, or do they recommend it, but don't buy it?
According to msgs I've seen on other boards, at least as of a few months ago, Skousen is still pumping WHC hard. What a jerk.
I finally learned to make $$ shorting his picks. Unfortunately, I lost a bundle on Altif (he was pumping it at $12 as a $30 to $50 stock while dumping as fast as his greedy little fingers could depress the SELL key....its currently at $7 and going nowhere). I also lost big time on Midas and Guinness, both of which plummeted over 50%. Made a lot of it back shorting other obvious Skousen hypes like Fonx (he recommended it at $7, its now at $1), Carmax and Nissan (covered a long time ago for about 30% gain on each). Shorted WHC at $29 but covered way too soon at $24. I've forgotten a lot of his other bungles. Unfortunately, as an ethical choice, I cancelled my subscription a long time ago so have to seek out my own shorts. I would certainly appreciate someone posting his latest moronic picks.