Thanks for the kind words.....guest appearance on diary is nice change of pace....but have to give it to Kass to have so many insightful comments on daily basis while trading.......a lot of work.
2 Fast-Growing Energy Concerns To Buy Now [View article]
Thanks for the kind words all. When I launch a newsletter later this year it will have model portfolios (Dividend, growth, etc....) with performance metrics updated monthly as well as email/text trading alerts. Current portfolio is up just under 12% for year which is below overall S&P, however with just over 55% of the volatility of the overall market which works fine for my goals and current stance on the market as well a growing cash position. Bull call spreads on Cyclicals are a good strategy right now. Premiums are so low which the ultralow volatility....structuring long term bull call spreads out of the money with 4-6 to 1 payouts are solid bets right now......have many in this category including F, FCX, GLD, HL, GM, GT, etc....Happy Hunting all.
2 Fast-Growing Energy Concerns To Buy Now [View article]
I do a lot of bull call spreads right now given the volatility/premiums are so low. Do same thing for 3-4 shorts I currently am playing.Have 20-30 core positions and 30-40 much smaller positions like on small biotechs/E&P plays as well as cyclicals.
Transocean: Carl Icahn Gets Serious [View article]
Leon Cooperman and partner Steve Einhorn keep it simple: Stocks (VTI) are cheap relative to interest rates and inflation. The guy who bought T-bills (SHY) has migrated to T-bonds (TLT), the guy who bought T-bonds has moved to investment grade corporates (LQD), the guy who bought IG is now in high-yield (HYG, JNK), and so on (glasses clink in the FOMC board room). Their largest position is Sprint Nextel (S) - as fans of Masayoshi Son and long-time owners of DISH, the duo like seeing two industry titans both wanting the same asset. New Citigroup (C) management should be able to double ROE over the next 2-3 years, and Transocean (RIG) sells for a significant discount to asset value.
It Is Not Different This Time - It Is Worse [View article]
Nonperforming loans (as a percentage of total loans) are growing in the eurozone periphery by a disconcerting 2.5% per year, JPMorgan says, adding that the problem appears endemic outside the eurozone core as NPLs are 25%, 19%, 13.4%, and 10% in Greece, Ireland, Italy, and Portugal respectively. This raises questions about the impairment capacity of banks and what steps will ultimately be taken to provision against these underperformers. (Also: Spain's banks to reclassify refies, Slovenia NPLs contribute to downgrade, need to be transferred) [
A nice little jump in consumer sentiment bodes well for automobile companies, according to CNBC's Phil LeBeau. The outlook for the industry looks extremely good with fresh models from automakers (F, GM, TM, FIATY.PK, HMC, NSANY.OB, VLKAY.PK) coinciding with structural pent-up demand and the uptick in sentiment.
Ford (F) plans to shift some Fiesta production to Thailand to free up capacity in North America for other models. It's a move that makes sense to automobile analysts with the Fiesta selling well in Asia and Ford planning big things for new models in North America.
Chevron's (CVX) president of Latin American operations says Argentina - not China - has the world's second largest shale oil deposits after the U.S. Most of the world's shale gas has been developed from geological layers requiring horizontal drilling, but "everything is in a stack" at Argentina's Vaca Muerta formation, meaning CVX and YPF may be able to access the oil using vertical drilling techniques, CVX's Ali Moshiri says
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2 Fast-Growing Energy Concerns To Buy Now [View article]
2 Fast-Growing Energy Concerns To Buy Now [View article]
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Transocean: Carl Icahn Gets Serious [View article]
It Is Not Different This Time - It Is Worse [View article]
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Time For The Safety Of Chevron [View article]
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