We tried hard in recent months to convince our U.S. members who don't have access to Canadian or Australian listed stocks to consider taking profits on Genie Energy (GNE) and researching Zedge (ZDGE) instead as our new #1 favorite U.S. listed stock.
Following NIA's October 8th alert entitled, 'Tomorrow is 50 Year Anniversary of the Valley of Tears' it seemed like many people piled into GNE. NIA explained in this alert, "Monday is the 50-year anniversary of the Valley of Tears when Israel had only 175 tanks in the Golan Heights of Syria and were outnumbered by Syria's 700 tanks plus Syria's state-of-the-art anti-tank missiles. Israel managed to destroy 500 of Syria's tanks and forced the remaining Syrian tanks to retreat. Without this key victory, Genie Energy (GNE) would have never been able to obtain exclusive oil rights for the Golan Heights of Syria."
After NIA sent this alert on October 8th, GNE gained for seven straight days or eleven straight days all together to close on October 17th at $20.02 per share.
On the evening of October 17th, NIA sent out an alert entitled, 'Statistically It’s Dumb Idea to Chase Momentum'. NIA explained in this alert, "Genie Energy (GNE) has been up for so many days in a row that statistically anybody chasing it here as a short-term trade has a high likelihood of losing money. Over the long-term, GNE will become a $30 stock for sure."
Following NIA's October 17th alert, GNE made a healthy 10.69% dip from its October 17th high of $20.40 per share to an October 23rd low of $18.22 per share.
From GNE's October 23rd low of $18.22 per share, GNE rallied by 69.59% over the following two months to hit a new all-time high on December 27th of $30.90 per share, which was slightly above the $30 per share price we predicted it would hit over a longer-term time period. At GNE's December 27th high of $30.90 per share it had gained by 468% from NIA's initial suggestion price of $5.44 per share!
Anybody who didn't take profits at $30.90 per share after GNE reached our long-term outlook only two months after its short-term dip of 10.69%, well, we don't know what to say! GNE's enterprise value at $30.90 per share hit $707.038 million or 1.745X its trailing twelve-month revenue of $405.18 million. This was GNE's highest enterprise value/revenue ratio in history! GNE's long-term median enterprise value has been only 0.555X revenue!
Zedge (ZDGE) was founded by Howard Jonas just like Genie Energy (GNE), but ZDGE is currently trading with an enterprise value of only 0.588X revenue!
ZDGE's long-term median enterprise value has been 1.838X revenue!
ZDGE gained by 0.88% today to $2.29 per share on very strong volume of 117,422 shares its highest volume day in nearly seven months! ZDGE is so far up by 34.71% since NIA's suggestion at $1.70 per share!
Past performance is not an indicator of future returns. NIA is not an investment advisor and does not provide investment advice. Always do your own research and make your own investment decisions. This message is meant for informational and educational purposes only and does not provide investment advice.