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We're Out of BanColombia
The ADR Alert
Monday, September 19, 2005
By Alexander Green, Investment Director
#79
** We’re Out of BanColombia
Last week we hit our sell stop on BanColombia (NYSE: CIB), taking a 3% loss.
However, all our remaining positions are profitable. And our average gain is over 20%, even though our average holding period is 93 days.
Australia’s Rinker Group (NYSE: RIN) has been strong out of the gate, moving close to a new 52-week high. The heavy building materials company will get a short-term boost from the Katrina clean-up. So keep buying.
And Norway’s Statoil (NYSE: STO) is also moving the right way. We have a 39% gain here. It’s encouraging to see that the stock is holding up well, even though crude oil has backed off its recent peak above $70 a barrel.
Brazilian mining giant Companhia Valde do Rio Doce (NYSE: RIO) is hitting a new high this morning. We have a 43% short-term gain here. Move your sell stop up to $38 to protect your profits here.
Our shares of South Korean steelmaker POSCO (NYSE: PKX) have also gotten a nice pop lately. It, too, is about to hit a new 52-week high. Move your sell stop up to $49 here.
Investors worldwide will be watching Greenspan closely tomorrow. The Fed’s commentary will be much more important than its decision to raise rates or hold steady for now.
I’ll keep you posted.
If you have any questions, feel free to call one of our VIP Trading Services representatives at 888.570.9830 (toll-free) or e-mail: viptrader@oxfordclub.com , or contact Pillar One Advisor Greg Galloway or Rick Pfiefer at 800.438.3040 or 407.667.4729.
Stock
Country
Current Price
Comments
Rinker Group (NYSE: RIN)
Australia
$58.25
Buy. Sell stop is $50.
POSCO (NYSE: PKX)
South Korea
$53.00
Buy. Move sell stop up to $49.
BanColumbia (NYSE: CIB)
Columbia
Sell
Stock hit trailing stop.
Marvell Tech. (Nasdaq: MRVL)
Bermuda
$47.91
Buy. Sell stop is $45.00.
Comp. Rio Doce (NYSE: RIO)
Brazil
$37.19
Hold. Move sell stop up to $38.
Statoil ASA (NYSE: STO)
Norway
$25.46
Buy. Sell stop is $24.00.
Bio: Alexander Green is the Investment Director of The Oxford Club. A Wall Street veteran, he has over 16 years experience as a research analyst, investment advisor, and professional portfolio manager. Mr. Green is also considered one of the most talented financial writers in the business. He’s been featured on “The O’Reilly Factor,” profiled by Forbes and Marketwatch.com, and has written for Louis Rukeyser and several other leading financial publications. He currently writes and directs The Oxford Club Communiqué, the Oxford Insight e-letter, and four elite trading services: one focused on momentum stocks, another focused on companies with significant insider buying, another dedicated to international growth stocks and another focused on short-selling fundamentally flawed companies. Mr. Green is also a top-rated speaker at financial conferences around the country.
Copyright – 2005 The Oxford Club, LLC. The Oxford Club does not act as an investment advisor or advocate the purchase or sale of any security or investment. The Oxford Club expressly forbids its writers from having a financial interest in any security recommended to its readers. All of our employees and agents must wait 24 hours after an Internet publication prior to following an initial recommendation. And for hard-copy-only publications, 72 hours after the publication is mailed. Investments recommended in this letter should be made only after consulting with your investment advisor and only after reviewing the prospectus or financial statements of the company. The Oxford Club provides its members with unique opportunities to build and protect wealth, globally, under all market conditions. The executive staff, research department and editors who contribute to The Club’s recommendations are proud of the reputation The Oxford Club has built since its inception in 1984. We believe the advice presented to its members in our published resources and at our meetings and seminars is the best and most useful available to global investors today. The recommendations and analysis presented to members is for the exclusive use of members. Copying or disseminating any information published by The Oxford Club, electronic or otherwise is strictly prohibited. Members should be aware that investment markets have inherent risks and there can be no guarantee of future profits. Likewise, past performance does not assure future results. Recommendations are subject to change at any time.
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