Monday, October 18, 2010

A Hot Tip That's Working (So Far)

Two months ago (August 26th), I told you the stock market could be ready to turn.

"Hey, I could be wrong. But experience tells me ... 1999 was the time to sell, 2010 is the time to buy. For long term investors, 50 or younger, it's time to bet on the future again. Play it safe and buy SPY ($105 a share) -- an index of the nation's top 500 companies. Or take a shot with TFA and buy OMEX ($1.50 a share). He thinks they're about to discover another $500 million treasure.

OMEX hasn't reported any new treasure yet, but the stock's up over 40% since then. Nice looking chart, eh?

Odyssey Marine Exploration, Inc. (OMEX) is engaged in archaeologically sensitive exploration and recovery of shipwrecks worldwide. It employs advanced technology, including side-scan sonar, magnetometers, remotely operated vehicles (ROVs), and other advanced technology that enables the Company to locate and recover shipwrecks. It's wholly owned subsidiaries include Odyssey Marine, Inc., Odyssey Marine Services, Inc., OVH, Inc., Odyssey Retriever, Inc. and Odyssey Marine Entertainment, Inc. In November 2009, Odyssey acquired a 25% interest in SMM Project LLC.

Oh, yeah, it's a gamble. And I'm a fictional character.

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