Fri Mar 27 23:29:43 2009.

 

 

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The PearlEgg Network Portfolio was started in the year 2000 with $20,000.00

Content from this site should not be viewed as investment advice or recommendations.

This portfolio is presented as a working example of the investing mind-set of our network.

The objective is to strive for growth without abandoning security. In today's economic situation, controlling risk is a major challenge. To accomplish this we hedge with contrarian funds.

The most recent Benchmark value is $35,246.00 March 2006.

Due to a system failure some of the archives documenting the earlier portfolio activity and various Benchmark values have been lost.

We no longer provide live market changes of the portfolio.

Our updates are weekly and Archives will be mid-month to avoid month end and end of quarter activity numbers being reflected as regular portfolio performance.

 

 

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New York

Panama City

 

San Jose

 

 

Hong Kong

 

Updated 05/13/11    Benchmark value - March 2006 - $35,246.00

 

 

 

 

 

To learn more about the stocks that make up the portfolio, use the links in the right hand colum. > > > > > > > > >

Portfolio Activity

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*** Dec 15 -
ONCOLIN THERAPEUTICS
(OTC: OCOL.PK) symbol change to
Bering Exploration ( BERX.PK )

www.beringexplore.com

Oncolin is currently engaged in the business of indentifying, evaluating, developing and acquiring potential natural gas and oil wells while researching new methods of clean and renewable energy production. The company will initially focus on acquiring older fields where it can utilize modern techniques to re-establish or enhance production. Oncolin will continue to oversee its minority ownership in Intertech Bio, a biopharmaceutical company that engages in the discovery, development and commercialization of novel selective anticancer therapies. Additional information about Oncolin can be found on the web at www.oncolinthera.com
 


*** Aug 27 - The Pink Sheet listing for Esperanza Recourses (ESPZF.PK) dipped to $1.25 so we purchased 200 shares. We now would like to replenish our cash to be able to buy more on any corrections.

The big players are seriously reducing their U.S. stock market holdings. GEORGE SOROS (Chairman of Soros Fund Management, LLC)  is among the big boys that believe a major market drop is a real threat. We understand our portfolio will take a major beat down along with everything else, but the positions we hold should benefit in the long run. At that point we will liquidate the profits from the contrarian positions (BEARX - RYAIX - RYURX) and increase our other positions.

The over all consensus is; the U.S. stock market is not a safe place to be. Keep that in mind if you're investing or have a 401K.

*** Aug 8 - Esperanza Resources  EPZ.V is steadily setting higher lows. The trading range is now $1.40 - $1.60. This is exactly what we like to see and reaffirms our belief that this is a good company to add to the "Network Portfolio". The bad part is it looks like we might have missed getting in @ $1.00.  We still have a live buy order for 400 shares @ $1.00 but we have added a buy alert @ $1.25. If the alert hits we may just do the purchase. We are going to watch this closely. We don't want it to march away from us. I will still buy up to $1.75.

*** June 30 - We are currently looking to ad a junior mining position.

Esperanza Resources  EPZ.V  I was looking for Silver and found Gold. We would like to buy @ $1.00 or below.

*** On May 21 we added 100 shares of GDXJ @25.00 reducing our cash position by $2,500.00.

*** On May 20 we sold 10 shares of AAUKY.PK @ $17.10. We purchased @ $22.08. Our loss was $49.79
Our reason for selling was to cut our losses.

*** On May 19 we sold 10 shares of BHP @ $63.02. We purchased @ $35.00. Our profit was $280.00.
Our reason for selling was to prevent losses. We added $630.20 to our cash holdings.

*** On 05/06/10 we sold 170 shares of PSAFX @ $12.12 We Purchased @ 11.86 Our profit was $44.20
Our reason for selling was to prevent losses. That transaction added $2060 to our cash holdings.

With everything so manipulated, market predictability is impossible. Seems like we are due for a Bond market collapse.

In the past we have always announced ahead of the actual transactions what we were about to do. Do to extreme volatility that is not always possible.

We structured this portfolio to benefit from a deteriorating market and economy but the only way to deal with the volatility we are experiencing now is to be nimble and act quickly.

We are now looking for a dip to add to our GDXJ position.

We would also like to liquidate our two commodity positions (AAUKY.PK & BHP) then buy back into them at a later date.

 

 

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Insider Selling Volume at Highest Level Ever Tracked

 

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Published: Tuesday, 26 Oct 2010

By: John Melloy

Executive Producer, Fast Money

 

Beyond the money

The overwhelming volume of sell transactions relative to buy transactions by company insiders over the last six months in key leading sectors of the market is the worst Alan Newman, editor of the Crosscurrents newsletter, has ever seen since he began tracking the data.

The largest companies in three of the most important leading sectors of the market have seen their executives classified as insiders sell more than 120 million shares of stock over the last six months. Top executives at these very same companies bought just 38,000 shares over that same time period, making for an eye-popping sell to buy ratio of 3,177 to one.

The grand total for the three sectors are “as awful as we have ever seen since we began doing this exercise years ago,” said Newman, who was ahead on such trends as the dangers of high-frequency trading and ETFs before the ‘Flash Crash’. “Clearly, insiders are seeing great value only in cash. Their actions speak volumes for the veracity for the current rally.”

But the overall market doesn’t seem to care. The S&P 500 is up 16 percent since its 2010 low hit on July 2nd on the back of strong earnings driven by cost-cutting and the hopes for even more quantitative easing from the Federal Reserve.

The insider data “is good reason for considerable caution once the price action fades,” said Simon Baker, CEO of Baker Asset Management. Still “insiders normally buy early and sell early too. Longer term -- 12 months out -- it is more of a red flag.”

Newman isn’t alone in warning about insider selling. The latest report from Vickers Weekly Insider, a publication that makes investments based upon these transactions, shows that total insider sell transactions relative to purchases on the New York Stock Exchange are running at a ratio of more than four to one over the last eight weeks. The normal reading, because of options selling and other factors, is about 2 sales for every buy, according to Vickers.

To be sure, many investors feel the heavy insider selling is just an anomaly based on other reasons.

“These are folks that have had to dip into their stocks for the first time in years, as their salaries have been cut and their bonuses, outside Wall Street, have been significantly curtailed,” said J.J. Kinahan, chief derivatives strategist for TD Ameritrade. “ This may speak more to a cash flow problem, then a market belief.”

Still Newman, who is also a favorite commentator of Barron’s columnist Alan Abelson, sees the insider selling as just the latest reason, along with the mortgage foreclosure mess and fully invested mutual fund managers with no fresh powder to put to work, to be cautious on the market.

“At the risk of sounding like a broken record, we expect a significant correction,” said the newsletter editor.

For complete original CLICK HERE.

 

 

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*** FEDERATED PRUDENT BEAR FUND A (NYSE: BEARX)

***  CALEDONIA MINING CP
(OTC BB: CALVF.OB

***  CENTURION GOLD HLDGS
(Other OTC: CGHI.PK)

***  DRAKE GOLD RESOURCES
(Other OTC: DKGR.PK)  

*** DRDGOLD Limited
(NasdaqCM: DROOY)

*** ESPERANZA RESOURCES CORP              Other OTC: (ESPZF.PK)

*** Market Vectors Junior Gold Mine
(NYSEArca: GDXJ)

*** Goldcorp Incorporated Common St
(NYSE: GG)

*** GOLDEN EAGLE INTL
(OTC BB: MYNG.OB)

*** BERING EXPLORATION                             (Other OTC: BERX.PK) Change from
(Other OTC: OCOL.PK) No Link

*** Royal Gold, Inc.
(NasdaqGS: RGLD)

*** RYDEX SERIE FDS, INVERSE NASDA
(NYSE: RYAIX)

*** RYDEX SERIES FDS, INVERSE S&P 500   (NYSE: RYURX)

*** SILVERADO GOLD MINES
(OTC BB: SLGLF.OB)

*** TARA GOLD RESOURCES
(Other OTC: TRGD.PK)

*** TURNER VALLEY OILGAS
(Other OTC: TVOG.PK)

  Chart USDX(M30)

CRASH COURSE CLICK HERE.

Join Dr. Chris Martenson as he explains the three E's of the economy, energy, and the environment and how they are interrelated in this condensed version of his three hour Crash Course. As Chris often reminds us in the Crash Course, "The next twenty years are going to be completely unlike the last twenty years."

38 minute condensed version click here.

 

 

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Tehran

 

Baghdad

Paris

 

London

 

 

 

  What are we to do?

It is obvious the bankster's, the elite, and governments have declared war on the working class people of the World. 

The economic reality that is impacting the entire world has everyone falling back to regroup.

People trying to get out of debt are now just struggling to not create more personal debt.

People that were investing for retirement are now just trying to save for emergency situations.

People who were trying to save extra cash are now desperate to break even after paying bills.

What are we to do?

The people that need to save the most have the least to save from.

One thing that does not change is the fact that it is absolutely necessary to save some money.( Preferably 10% of what ever comes your way, more if at all possible.)

The other thing that does not change is, put your savings where it will increase in value over time.

Investments including Stocks, Bonds and even Treasuries can no longer guaranty a return of the money invested let alone provide any growth of your capital invested.

Avoid the stock market. Too volatile and way too risky.

Banks accounts and savings accounts do not pay enough interest to keep up with inflation and the loss of the value of whatever currency your trying to save.

Buy precious metals, Gold and Silver. Yea sure, if you have a way to safely do that.

The only thing left is commodities or essential items of need.

How can the average person invest in commodities?

Surprisingly enough the best thing to do is also now the most simple.

Buy canned food and long-term storable food.

Canned food should be stored in a dry cool environment if possible.

Packages of dry goods can be stored bug free in plastic laundry detergent buckets.

Don't get me wrong, I am not predicting food shortages, only pointing out a sure, safe and easy way to save and grow value.

Take advantage of the two absolutes presently taking place.

1. Food is getting more expensive to produce.

2. The money we use to purchase it is losing value and will be buying much less in the future.

Every time you go to the market buy some storable food.

If you can, buy one can of vegetables, one can of meat and one can of fruit.

Take it home and store it for future use.

You will be saving money and increasing the value of your savings with very little effort.

 

*****

Who disagrees that house prices will continue to fall?

Real estate businesses disagree, because they don't make money if buyers do not buy. These businesses have a large financial interest in misleading the public about the foolishness of buying a house now. The NAR has harmed America far more than terrorism did.

Real estate is all about deception. There is no transparent market because bids are never published, unlike the stock market. There should be a law to change that, but the NAR is one of the largest lobbyists in Congress, so don't expect any changes soon.

  1. Buyers' agents get nothing if there is no sale, so they want their clients to buy no matter how bad the deal is, which is the exact opposite of the buyer's best interest. Agents take $100 billion each year in commissions from buyers. Agents claim the seller pays the commission, but always fail to mention that the seller gets that money from the buyer. Think about it: who brings the money to the table - the seller or the buyer? All money comes from buyers. No buyer, no money.

    If a stock broker were to charge 6% on the sale of stock, he would quickly go out of business. Real estate brokers don't do much more than stock brokers, so why should you give up nearly two years of your working life earning money to pay a realtor for the few hours they may put into helping you buy or sell a house? 6% of the 30 years it takes to pay off a house is 1.8 years of donating your working time to realtors.

    There are good buyer's agents who really believe they are helping the buyer, but they're in denial about their conflict of interests. Author Upton Sinclair had a great explanation for this: "It is difficult to get a man to understand something when his salary depends on his not understanding it."

     

  2. Mortgage brokers take a percentage of the loan, so they want buyers to take out the biggest loan possible. Even worse - mortgage brokers get paid according to how bad the deal is for the buyer. The worse the deal is (higher interest rate, points, fees, etc) the more the mortgage broker gets!

     

  3. Banks got origination fees and then sold most mortgages, so they did not care about the bankruptcy of borrowers. They would lend way beyond what buyers could afford because they thought they risked nothing if the buyer were to default. Banks sold most loans to the government agencies Fannie Mae or Freddie Mac. The conversion of low-quality housing debt into "high" quality Fannie Mae debt with the implicit backing of the federal government was the main support for the housing bubble. That is ending as Fannie Mae shrinks.

    The other way for banks to dump the risk of loan default has been the Wall Street market for mortgage-backed securities. Now that mass foreclosures have eliminated the loan-resale market, banks are under pressure to increase loan quality.

     

  4. Appraisers are hired by mortgage brokers and banks, so they are going to give the appraisals that mortgage brokers and banks want to see, not the truth. Appraisers that kill a deal by telling the truth do not get called back to do other appraisals.

     

  5. Newspapers earn money from advertising placed by realtors, lenders, and mortgage brokers, so papers are pressured by that money to publish the real estate industry's unrealistic forecasts. Worse, realtors have a near-monopoly on sale price information, and newspaper reporters never ask realtors hard questions like "how do we know you're not lying about those prices?" The result is an endless stream of stories reporting that the National Association of Realtors (NAR) says it's a good time to buy. Asking the NAR about housing is like walking into a used car dealership and asking the salesman if today would be a good day to buy a car.

     

  6. Owners themselves do not want to believe they are going to lose huge amounts of money.

What are their arguments?
 

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