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There is only one thing in life more important than making a little money ... making a LOT of money

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Saturday, July 13, 2013

Article on Novus Energy

http://www.gurufocus.com/news/223026/novus-energy--extremely-cheap-growing-rapidly-and-well-managed

This is a full 10% position in my portfolio.

Posted by Stan at 5:40 AM

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Labels: Novus Energy

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About Me

Stan: I am a mechanical engineer full time and a self taught value investor in my spare time (another full time job).

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Disclaimer

I can’t guarantee that my reasoning will always be correct. I can’t even guarantee that if you follow any of my ideas that you will make any money. I can guarantee that even if my reasoning is always correct that there will be times my portfolio will show a loss, sometimes substantially. Individual stocks fluctuate, sometimes wildly. This is a good thing from an investment standpoint. This volatility, in theory, makes it possible to buy low and sell high. I have no ability to call the bottom though, so there will be times when I recommend apparent bargains that will go on to become even greater bargains. My basic strategy is to concentrate on a relatively small number of stocks (generally 6-12 with no more than 15% of my net worth in any one) that I believe to be at least 50% undervalued. However, this is a strategy that will have high portfolio volatility.

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