The Cain comeback

I’d like to think my endorsement had a little bit to do with this, but…I doubt it.

Still, it’s interesting that Herman Cain was considered the “winner” of the Florida debate the other night then came back today and crushed the rest of the field at the “Presidency 5” straw poll in Orlando.

It’s intriguing because the conventional wisdom (at least expressed by one of my cohorts at Pajamas Media) figured Mitt Romney would regain momentum after Rick Perry’s dreadful debate performance. Well, guess again – he came in third with 14 percent. Cain nearly had more votes than his next three pursuers (Perry, Romney, and Santorum) combined. One caveat: Cain was one of only three contenders to speak before the gathering along with Newt Gingrich (who finished seventh with 9 percent) and Rick Santorum (who was fourth with 11 percent.)

But this result brings up another interesting question – where are all the Ron Paul people? If there’s one thing Paul usually excels at, it’s winning a straw poll – here’s a recent example. I’m sure their defense will be that this was an “establishment” event, but so was the California straw poll I cited.

Herman seemed astonished by the win, thanking the Florida voters and noting, “(t)his is a sign of our growing momentum and my candidacy that cannot be ignored. I will continue to share my message of ‘common sense solutions’ across this country and look forward to spending more time in Florida, a critical state for both the nomination and the general election.”

These developments could be the impetus to get Cain moving in the polls again. Back in late June he was second among all the announced candidates at the time with support in the low double-digits and trailing Mitt Romney by about 15 points. However, with the entry of several new candidates into the race and a serious misstep, Cain lost ground and now sits sixth in the RealClearPolitics polling average with 5.6 percent.

But a bump back to 10 percent would place him back into third and within striking distance of the top two as the fall season approaches. Newt Gingrich has seen his support plateau at around 8 or 9 percent as has Ron Paul, while onetime contender Michele Bachmann has plummeted in the polls (including the Florida balloting, where she barely received 1 percent) since making a splash with her entry into the race.

In any event, the race may soon get a little tighter and that bodes well for alternative candidates to reconsider entering at this late date. There’s always the Sarah Palin prospect, but rumblings are out there that New Jersey Governor Chris Christie is abandoning his threat to commit suicide to convince people he will not run and might indeed jump in.

More choices are good, although it would be more likely I’d consider Palin than Christie. But right now is Herman Cain’s moment, and his opportunity to jump-start his Presidential bid. Let’s hope he takes advantage.

Pumpin’ and dumpin’: the return

Even after all these years, capitalism still fascinates me.

This is the long-awaited sequel to a post I did nearly five years ago that was among my most well-received at the time. But instead of junk faxes at my former place of employment – for all I know he may still be getting them – a number of hucksters have moved on to slick e-mail marketing campaigns, sent out with the imprimatur of reputable websites like Townhall, Human Events, or the Washington Times. Of the ten penny stocks I’ll feature today, seven were featured in a Human Events e-mail blast, six in missives from the Times, and five from Townhall. These were all sent out to me back in March; I gave the stocks six months to see how they’d perform on a longer term.

Back on the day I received the last e-mail I saved on behalf of each company, this is how they were doing:

Would an investment strategy of placing a $10,000 order based on $1,000 for each investment have paid off? Well, here is how they closed yesterday, with the number in parentheses the new stock value. You be the judge.

  • ALZM – $0.39 ($219.10)
  • BARZ – $0.25 ($166.67)
  • MDAV – $0.02 ($20.00)
  • FASV – $0.20 ($178.57)
  • LBYE – $0.08 ($160.00)
  • VNDB – $0.09 ($391.30)
  • CBP – $1.00 ($568.18)
  • MRGP – $0.09 ($923.08)
  • COYR – $0.51 ($212.50)
  • URZ – $1.49 ((326.04)

Wow – and I thought the federal government ran up a deficit. That $10,000 stake melted down to $3165.44 – a stunning 68% loss in value! (There’s more after the jump.)

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