Covestor manager Mark Holder of Stone Fox Capital shares its thoughts on the market in May, and discusses its problematic Chinese investments.
PUDA
9 posts
William Smith shares his biggest mistake yet - owning Puda Coal (AMEX: PUDA), a Chinese Reverse Takeover (RTO) whose shares were halted on fraud allegations
Author: William Smith Models: Price Volatility Volume and Core Price Volatility Volume In the midst of the recent market volatility and account drawdown, I’ve received a few questions about my trading strategy. I’m happy to answer these questions any time, and of course they seem to be far more frequent during an equity […]
Author: William Smith Models: Price Volatility Volume and Core Price Volatility Volume Disclosure: Long PUDA in both models I entered a trade in Puda Coal (NYSE: PUDA) on April 6, only to hear on April 8 that the company was being investigated by the SEC. There are a number of […]
Author: Mark Holder Models: Opportunistic Arbitrage, Opportunistic Arbitrage Long Only Disclosure: Long PUDA in both models Puda Coal (PUDA) is a coal mine consolidator and met coal washer in China that has been hit by fraud allegations from a noted short seller. At question is whether the Chairman of PUDA […]
stocks listed on US exchanges are just like a rat crossing the street in the old Chinese saying, and the sentiment, valuation, and lack of financial clarity
Author: Mark Holder Covestor model: Opportunistic Arbitrage Disclosure: Long FCX, IBN, CCIH, RDWR, ATW, SHLD, PUDA, CEPH, MEE, ANR *See important disclosures After a disappointing January, February was a welcome return to outperforming the market. The model returned approximately 3% greater than the S&P500. The market remained strong even in […]
In Covestor’s Focus Value model (performance shown above – click to enlarge), the goal is to capture mispricing opportunities caused by market inefficiencies. On December 27th, Focus Value manager Analytic Investment added Puda Coal Inc (AMEX: PUDA) to the model. Many investors are looking to green energy providers for long-term […]
As of September 27th, 2010, manager Mark Holder’s Opportunistic Arbitrage model has enjoyed a 22.56 percent return since its inception in February 2010. Holder uses a variety of strategies to achieve this return, including investing in IPOs and beaten down sectors. We talked to him this week to get some […]