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Urgent Portfolio Update
The Income Tripler
Tuesday, February 24, 2009
By Louis Basenese
Email – #9
** Urgent Portfolio Update
Please be aware we stopped out of all three of our current positions due to the recent market volatility… and absolutely NO change in fundamentals.
- StoneMor Partners LP (Nasdaq: STON) for a 20.3% loss, including dividends.
- Medallion Financial Corp. (Nasdaq: TAXI) for a 10.6% gain including the covered call premium.
- TEPPCO Partners LP (NYSE: TPP) for a 20.5% gain including dividends.
We’ll look to re-enter all three at appropriate levels. I’ll provide full details in an alert tomorrow morning, along with an entirely new recommendation.
Until then…
Lou Basenese
All Income Tripler recommendations are posted on The Oxford Club website – www.OxfordClub.com Just click on ‘The Income Tripler’
Bi Louis Basenese is the Senior Analyst for The Oxford Club . He began his career structuring asset protection programs for private business owners and later joined one of Wall Street’s leading investment firms as a top analyst and trading expert. Louis specializes in non-traditional investments such as hedge funds, managed futures, takeovers, IPOs and various other alternative investments. He has an MBA from the Crummer School of Business at Rollins College and draws upon both his academic and professional experiences to edit four elite trading services: The Takeover Trader, The Long and Short Alert , and The Income Tripler . Louis also is a regular contributor to the Oxford Club Communiqué and the Oxford Insight e-letter and is a top-rated speaker at financial conferences around the country.
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