Looking at stocks: Three months later
A few months ago I ran a short series of articles based on investing $20K. I ran the series for about a week and then dropped it. Today I want to do a brief article showing where those stocks are now.
1) INTC - 405 shares - $8444.25 purchased 12/11/6 at $20.84 per share. Current price $19.09. 3 month high - $22.30.
2) DELL - 416 shares - $10978.24 purchased 12/19/6 at $26.39 per share Current price $23.39. 3 month high - $27.26.
3) YHOO - 38 shares - $1042.34 purchased 12/5/6 at $27.43 per share Current price $31.34. 3 month high - $32.11
4) IQWB - 58 shares - $9.28 purchased 12/11/6 at $0.16 per share Current price $0.08
Final value: $18,657.25.
I guess I'm no great stock picker! Or am I?
The one stock I purchased with real money over this time span is AT&T stock which is currently trading at $39.17. When I began this experiment it was trading in the $32 range.
When I purchased my AT&T stock it was several years ago when it was trading in the $19 range. Yes, AT&T stock has done wonders for me!
Congrats, I want to invest in stock pretty soon once I get a little bit of money to use…I just don’t know where to start and how to go about doing it
Try a little gambling money on WHKA. Things are heating up there with more and more proof the Briner Group and Vancouver lawyer John D Briner are connected to spam and possibly stock fraud. The WHA is about to unleash massive damages claims against this BC organization of penny stock scammers.
I’ll have to write a follow up article to my previous one on WHKA.
Here is a copy of the recent article by journalist Mike Caswell tying Vancouver scammer John D Briner to illegal spam. You can find some revealing comments posted at Stockwatch.
Red Truck linked to Vancouver lawyer Briner
2007-03-30 15:35 ET – Street Wire
by Mike Caswell
Arizona-based Red Truck Entertainment Inc., one of 35 spam stocks the U.S. Securities and Exchange Commission suspended this month in Operation Spamalot, can be traced to Vancouver. John Briner’s Global Developments Inc., which invests in start-ups, has substantial ties to the company.
Operating from an office in Vancouver, Global Developments has invested in many diverse stocks, including Red Truck. It has backed a purported hockey league, a company that makes a herbal version of Viagra and a company that claims it can make biodiesel from algae.
Investors in these companies may not have done so well. The hockey league, World Hockey Association Corp., trades under a penny, off a $2 high from last June. The herbal viagra company, Biolife Remedies Inc., trades at 34 cents, off a February high of $1.65.
Red Truck went public in a reverse takeover on Feb. 12, debuting at $1, but quickly falling to 60 cents. The company says it publishes songs and films, but with no financial statements it is difficult to verify its revenues, if any.
Global invested in Red Truck’s privately held predecessor last year, buying 2.1 million shares in February and 2.8 million shares in June. Presumably these translated to shares in the current public company.
Nobody at Red Truck would talk about its Operation Spamalot suspension, but in a news release the company tries to distance itself from the spam, blaming e-mails that touted its public predecessor, Falcon Energy Inc.
Current management of Red Truck appears to have had little to do with Falcon, but Mr. Briner has been involved with it since at least 2004. Working from an office at 999 West Hastings St. in Vancouver, regulatory filings show he served as legal counsel to Falcon and as a director of its predecessor, Montana Oil & Gas Inc., as they plunged in value.
Montana fell from 50 cents to 24 cents during a three-month spam campaign in 2005. After a 1:100 rollback it became Falcon Energy in April, 2006, and spammers were quickly on the stock again. Amidst a four-month junk mail campaign the stock fell from $1.70 to 12 cents.
It is not clear who the spammers might be or who owned the company’s shares. It trades on the pink sheets, and its regulatory filings are sparse.
The only person that might know is Mr. Briner, who would have had access to the company’s shareholder lists, but he is not talking. Messages left by Stockwatch were not returned. Those wanting to clear up problems with their investments can try to reach him at his office number, 604-685-7552. His U.S. lawyer, Lewis Carillo, was easier to reach, but he declined to comment.
Mr. Briner bills himself as a sought-after speaker on securities law, according to his company’s website. He has been active in federal and provincial politics and sat on the finance committee of the Vancouver Board of Trade, the site says. He also helped found a legal ethics fraternity at the University of British Columbia. With such strong community spirit in his heart, it may be that Mr. Briner’s association with stinky pinkies is that of a reformer, a do-gooder, helping the wayward mend their ways.
The company’s president, Jim LeCrone, did not return messages for this story and an assistant would not discuss the suspension.
The SEC suspended 35 stocks in Operation Spamalot, 14 with Vancouver links. The commission did not lay any charges for spamming, but hinted it could be working on some.
I was reading an article that said that the WHA lost their case against Global developments, John Briner, and everyone else involved. Does anyone know the website for the case so that I can see the filings?