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Brad Kenagy

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  • It Is Not Different This Time - It Is Worse [View article]
    Yes, there is Options trading for both HYG and JNK, or there is ProShares Short High Yield ETF (SJB) which is the inverse of HYG.
    May 20 08:52 PM | Likes Like |Link to Comment
  • It Is Not Different This Time - It Is Worse [View article]
    Just saw this piece of info on Market Currents: "The hot market for corporate junk (HYG, JNK) has pushed the yield on high-yield corporates (4.88%) well below that of high-yield municipals (5.22% nominally, over 8% on a tax-equivalent basis). The nominal spread of 34 bps is down from 56 bps a week ago as investors take notice of the anomaly."

    http://seekingalpha.co...
    May 20 01:25 PM | 1 Like Like |Link to Comment
  • Oramed Sweeps Past Worldwide Giants With The First Trial Of Orally Delivered Insulin [View article]
    Also, Since you were gratefully shared Oramed, I will share with one of my favorite Biotech's I own shares of which is Prana Biotechnology (PRAN), "The company primarily focuses on the Alzheimer's, Parkinson's, and Huntington's diseases."
    May 19 05:24 PM | Likes Like |Link to Comment
  • Oramed Sweeps Past Worldwide Giants With The First Trial Of Orally Delivered Insulin [View article]
    Wow that was a great article I will definitely be looking deeper at this stock, looking at the other companies that have tried and failed, if Oramed Succeeds the drug will be instant blockbuster I think.
    May 19 05:08 PM | Likes Like |Link to Comment
  • Long Candidates If The Tide Continues Rising [View article]
    Thank you for your comment. I am a fan of the rails, only time will tell if CSX can reach fair value. I wish they had a ETF that was just for railroads, there is one in registration but it has been there for 2 years so who knows if it will ever come to market. It called: Global X FTSE Railroads ETF
    May 19 03:05 PM | Likes Like |Link to Comment
  • Finding Value In The Lagging Materials Sector [View article]
    Thank you for the comments, glad I could shed a little light on NSU, and TNH.
    May 18 06:59 PM | Likes Like |Link to Comment
  • The Case For Long-Short VIX Portfolios [View article]
    Just doing a quick sample when volatility is rising, I back-tested your 80% SVXY, 20% UVXY using ETFreplay.com to compare the performance to the VIX.

    I came up with some interesting ideas:

    The data I used is from ETFreplay and I used the start date of October 4th 2011, which was the first day of trading for SVXY.

    Your 80/20 portfolio 257.50% return with 62.10% volatility so risk/return= 257.50/62.10 =4.15 and -88% correlation to the VIX.

    My Ideas:

    Idea One:

    70% SVXY
    20% EDV
    10% VXX

    233.10% return with 54.7% volatility so risk/return= 233.1/54.7=4.26 and -88% correlation to the VIX.

    Idea 2:

    80% SVXY
    20% EDV

    277.00% return with 59.00% volatility so risk/return= 277/59=4.69 and -88% correlation to the VIX.


    Just a couple thoughts.
    May 18 04:28 PM | Likes Like |Link to Comment
  • Long Candidates If The Tide Continues Rising [View article]
    Thank you for your comment, much appreciated
    May 16 05:03 PM | Likes Like |Link to Comment
  • The Case For Long-Short VIX Portfolios [View article]
    Good article, but there is an ETF for that!

    UBS ETRACS Daily Long-Short VIX ETN (XVIX) which "takes a long 100% position in the S&P 500 VIX Mid-Term Futures Index Excess Return with a short, or inverse, 50% position in the S&P 500 VIX Short-Term Futures Index Excess Return, with daily rebalancing of the long and short positions. "

    OR THE

    iPath S&P 500 Dynamic VIX ETN (XVZ) which "The index is designed to dynamically allocate between the S&P 500 VIX Short-Term Futures Index Excess Return and the S&P 500 VIX Mid-Term Futures Index Excess Return by monitoring the steepness of the implied volatility curve. The Index seeks to react positively to overall increases in market volatility and aims to lower the roll cost of investments linked to future implied volatility. "


    Just a couple more funds to look at.
    May 14 09:49 PM | 1 Like Like |Link to Comment
  • 5 Reasons The S&P 500 Could Fall 20% By The End Of 2013 [View article]
    Yeah, but SPY is up like 16% in not even 5 full months time, so with 7 months left in the year, things could turn around just as quickly as they went up. Only time will tell.
    May 14 04:07 PM | 1 Like Like |Link to Comment
  • Short Candidates For When The Tide Goes Out [View article]
    I wrote an article looking for long candidates, and used a more thorough screening process.

    http://seekingalpha.co...
    May 14 11:39 AM | 1 Like Like |Link to Comment
  • The Race To Zero In High-Yield Credit [View article]
    Is there more to this article or is that it ending with the chart?
    May 13 12:46 PM | Likes Like |Link to Comment
  • Short Candidates For When The Tide Goes Out [View article]
    Thank you for the comment. I like your example, and the concept, yeah stocks can have a bounce in the short-term to medium term, but over the long term the trend will continue. I was surprised by the comments questioning my simple screen. I like trying to keep things simple for anyone to repeat my screen. I like Occam's Razor "The simplest explanation is usually the right one."
    May 11 11:50 PM | Likes Like |Link to Comment
  • Potash Economics And An Undervalued American Junior Potash Play [View article]
    Yeah kinda low, I personally am in Rentech Nitrogen Partners, L.P. (RNF) which is a fertilizer MLP, two other popular fertilizer MLP's are CVR Partners, LP (UAN), and Terra Nitrogen Co. LP (TNH). TNH is a subsidiary of CF, and pays are variable dividend is currently yielding over 8%.
    May 11 05:20 PM | Likes Like |Link to Comment
  • Short Candidates For When The Tide Goes Out [View article]
    My source is trefis.com http://bit.ly/10pv20Q#

    Click on Graphics Processors, and you will see the "Professional and gaming console grahpics" which it shows for 2012 was 5.02% of revenue, and by 2019 this division is only expected to account for 6.59%, so yes in the future consoles will make a larger part of revenues but is a gain of 1.5% enough to move the needle: Nope
    May 11 10:23 AM | Likes Like |Link to Comment
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