Tuesday

The Speculator David Haselhurst Tames The Bears

Filed under Discrepancy Trading, Dow Jones, Stocks, Technical Analysis

Whilst TheInflationist is not affiliated with David Haselhurst The Speculator or Money Magazine, we are impressed by investing talent in general and wish to track his performance using The Inflationist Stock Performance Widget. The Speculator website does not appear to be tracking his performance live. Whilst he is on holidays until 4 March, his stocks have been fairly immune to the recent onslaught – gold miner Robust Resources and Financial Services company Flexigroup have gone up 60-70%. His portfolio is up 10%, whilst the Australia 200 index is down 16%. Whilst a (significant) percentage of this may be attributed to the power of mass media (ie the public buying up his weekly stock picks – which conveniently are small illiquid companies prone to large price movements with minimal volume), Uncle Dave have identified some gems. Hence we do read his weekly articles just to screen them. The problem is, be prepared to pay 20% premium to his acquisition price the day his article is released. A better way to track his true performance is to correct for this self-fulfilling prophecy by deducting the short term premium and price movement resulting from his followers buying the stocks up. Nonetheless, we recommend readers reading his weekly stock picks and to do your own research before making any purchases. An interesting (but risky) experiment would be to try to get in and out for a quick profit, riding the wave of the media (as long as you are not the last one in).

No. Shares	Company	Bought	Cost	Now	Profit/Loss
20000	QHL.AX	3-26-2009	$0.17	$0.16	$-100.00
50000	VLA.AX	3-3-2009	$0.04	$0.28	$12,000.00
20000	LBL.AX	3-3-2009	$0.10	$0.10	$0.00
50000	ROL.AX	3-3-2009	$0.13	$0.23	$5,000.00
50000	CTO.AX	3-3-2009	$0.28	$0.05	$-11,250.00
20000	ETC.AX	3-3-2009	$0.22	$0.00	$-4,400.00
Cash in Bank					$11,200.00
Portfolio change since 1.1.2009					11.00%