Hello fellow Stingy traders! As promised, we will be posting updates regarding our trades on the AOL stock challenge. As of today, we have fallen to rank 118 out of approximately 1000 contestants with a 1% gain since we started 1 week ago. Looking at other portfolio’s, it seems that the leaders place BIG bets on single stocks! We are a bit more conservative than that, however since it’s a game, we can see why people are willing to put their full bank roll ($100k) into a speculation play. Higher risk = high potential return.

Portfolio Details

Our Most Recent Buys:

APOL $35.68

APOLLO is an education play who, by technical analysis, looks like it may have some upside potential. Looking at the charts, it’s MACD has crossed over with an upward trending RSI. It has found support around $33.50 and is rising from there. If the stock drops below $33.50 on high volume we will sell and take our losses.

T.MBT $43.94

Manitoba is a Canadian telecom play with a great dividend. Whenever dividend stocks go lower, it’s time to buy. Along with that, it looks like the MACD has crossed over (bullish) along with the RSI on an upward trend.

T.NGX $3.53

Looks like Northgate Minerals has formed a double bottom (bullish signal) at around $3.25 (bullish signal). Along with that, MACD is about to cross over along with RSI above to cross over the 50 mark. We will sell if NGX falls below the support level of $3.25 on high volume.

Be Wise… and Be Stingy…

Disclaimer: Please do your own due diligence before purchasing any stock! We are not a stock recommendation service.

Hello everyone! StingyJoe here! Do you guys remember a few years back when a company called AllAdvantage paid web surfers by the hour just by displaying a banner ad on the top of your monitor? Not only did they pay you by the hour, they paid you a percentage of your referral surfing hours too! I remember thinking that it was a scam, but changed my mind after getting a few $100USD cheques.

Guess what? THEY’RE BACK! The company is now called AGLOCO and they have a great model for paying out for their web surfers. They are currently in BETA testing so the viewbar isn’t available to download yet, however, NOW is a great time to build up your member network! Build up your network BEFORE the word spreads like wildfire. Remember, the more people that you refer, the more money that you make!

According to their site, this is how it works:

How does this work? Once you sign up on their website, when available you will be able to download the Viewbar software, a free toolbar-sized application (half the size of a traditional Windows tool bar) that quietly sits on your desktop without ever hampering your online habits. That’s all you need to do! Just continue using the Internet as you used to… no need to change your habits! Do you have several individuals using one computer? You can have different AGLOCO™ viewbars to fit the profile of each user. Don’t want to see or use the Viewbar at any given time? Just minimize it and the Viewbar stops working! There are different ways AGLOCO™ can make money for its Members: * Cash: You get cash by surfing the Internet while the Viewbar is running. AGLOCO™ ’s profits are distributed back to its Members. And you can also receive real-time discounts should you choose to purchase from AGLOCO™ ’s partners. They will never include gambling or adult entertainment sites as partners. * Shares: In addition to cash, AGLOCO™ will give out shares in the company to its Members. Eventually, AGLOCO™ plans to go public and will be traded on the London Stock Exchange AIM. You can start earning stock options by keeping Viewbar active while you surf. In addition, you will gain extra shares by referring active users to AGLOCO™ (they lose nothing). Click here to see the calculator.

They don’t have exact numbers on how much they pay out, but they give estimates on how much you can make. For example, according to their calculators, if you refer 5 people, they refer 5 people, and the referrals continue for a maximum of 4 levels with everyone surfing for 5 hours for the month (the max), you can make almost $5000/month (In Cash and Stock). This really shows how powerful and rewarding their referral system can potentially be. According to the site, they can pay monthly by cash or by stock.

How do they make money?  They’re pretty much the middle man between advertisers and web surfers.  They get advertisers to advertise on their toolbar/banner that stays on top of your screen (you can turn it off), and AGLOCO pays you a percentage of the incoming money in cash and stock.

What about spyware?  According to their website, they claim that they will NOT install any spyware on your computer.  With AllAdvantage, you could have turned off the banner at ANY time.  So with AGLOCO, since they have the 5 hour limit, just turn off the banner after the 5 hours of web surfing are up.

Remember, when referring your friends, use your referral ID as the link. For example, my referral link is: http://www.agloco.com/r/BBBB2770. You will get your own referral ID/link after you signup and confirm your email. I would recommend that you sign up as fast as possible and get the word out before the net gets spammed to death.

Sign up by clicking here, get your referral ID, and spread the word to your friends. There is some real passive income potential with this site.

If this is the first time that you are hearing about this, please use this link to join:

AGLOCO SIGNUP

If you are asked for a referral ID, please use: BBBB2770

I will keep you updated as to when the ad/viewbar is available for download.

Update (Nov 26, 2006): Apparently, the viewbar is available for download for residents of the United States!

Be Wise… and Be Stingy…

We’ve been talking about stock trading for some time now, but now it’s time to practice what we preach! Typically, we do fundamental analysis on a stock, then buy/sell based on technicals. However, we’re going experiment a little and use solely our technical trading skills to buy/sell stocks which meet our criteria! It’s a great time to do this too as this segment of the AOL Stock Challenge just started yesterday (Nov 20, 2006) and runs for a few months. Why don’t you jump in (it’s free) and see how you do against us? Keep checking back as we will be posting our progress whether it’s up or down. We have been humbled quite a few times by the market over the past few years, but we learn from it every time! Hopefully, some of you can learn something from us during the process.

We have created a new section of StingyFinance.com called “Stock Challenge“. You can navigate to it by going to the “Stock Challenge” tab at the top of the page. We will be using that section to keep track of our trades and perhaps a commentary on our decisions.

Thus far, we have stocks in the Canadian income trust sector as we believe that this sector has been oversold. Check out our picks thus far and let me know if you have any suggestions or comments.

Disclaimer: The stocks that we pick in the stock challenge are NOT stock recommendations. We may personally own some of the stocks that we pick for the challenge. We always recommend that you consult a financial professional before making any financial decisions.

As of Nov 21, 2006

Standings (rank and portfolio value calculated
since portfolio creation to last update)

Portfolio Details