Four Stock Ideas for a Muddled Market [View article]
Thank you for comments.
If an investor had opened puts options in lieu of each Short stock sale, the total gain for 2009 would have been about 16% higher (about 50% total).
The IH portfolio was up 4.63% YTD through last Friday and now up about 4.92% through yesterday utilizing the 13 long, 13 short portfolio as stock transactions
What the Market Wants: A Week of Murk and Fog [View article]
Thank you for reading the blog and for any comments. I did post a somewhat lengthy piece regarding this and several related issues on my instablog since the matter expanded somewhat.
4 Stock Ideas as the Market Is Stuck in the Sand [View article]
Thanks for links...learned most of my early value bias from Graham's work but hadn't run into Piotroski or if I did, I don't remember:) I will back test it.
dave
On Dec 22 02:22 PM mbkelly75 wrote:
> Sure, it is based on a paper by University of Chicago Accounting > Professor Joseph Piotroski in 2000. It looks at 9 criteria that can > be found in the company's financial papers. He found that companies > that scored 8 or 9 outperformed the market by more than 13% and the > stocks with a score of 1 or 2 trailed the market returns by 10%. > A score of 5 or more is good and 4 or less is a stock to avoid. Here > is a link to a PDF of the paper: > www.chicagobooth.edu/r... > > Here is a link to more information on it so you do not have to read > the PDF: > > www.grahaminvestor.com.../ > > Here is a link to a page that will get you this score on an individual > stock: > charts.grahaminvestor.... > > Just enter the ticker symbol you are interested in. This site is > a good one and worth spending some time looking around. Merry Christmas! >
4 Stock Ideas as the Market Is Stuck in the Sand [View article]
Thanks for the kind words. But I have never come across the Petroski rating. Could you enlighten me?
david
On Dec 22 09:25 AM mbkelly75 wrote:
> CORE is a wonderful catch. Perfect for trading right now with an > Intrinsic Value of over $122.00 so they have a long way that they > could go up and are financially strong. > JRCC has a low Price/Sales Ratio and is financially above average > but does not impress me over all. > RGA has a nice Price/Sales Ratio (0.50), a nice Price/Book Ratio > (0.91), and a nice Price/Free Cash Flow (3.73). Their PEG is not > real good but is improving (0.91). Their Petroski Score @ 4 shows > that they have some financial problems, but I will put them on my > watch list to see if they continue to improve. > NIHD has a good Quick Ratio and a large amount of Cash/Share but > are average financially overall and not otherwise impressive. > CORE is an outstanding catch and the writer's article and ideas are > good ones and give a nice starting place for more DD. Well done overall > - thank you for your work on this.
Market in Strange Dance with the Dollar [View article]
For whatever it's worth I am trying to stay market neutral in equities. The overall market environment is the most complex that I have witnessed. It is much easier to identify strong and weak stocks than to sort out the overall morass of issues effecting the dollar, gold, the equity markets, the debt markets and each ones relationship to each other and more :(
On Nov 18 01:12 PM absolute return guy wrote:
> Great posts by all. I find this site so helpful. Mr. Big, great points > and I agree that you probably aren't getting trapped anywhere.<br/> > > I THINK I am posititioned well for this spike with some short/put > positions in PALM and others. I wonder if the common consensus is > to overweight slightly on the short side as an absolute return investor??? > I too believe the market is overbought and that there is an impedding > spike in the dollar that will send equities falling back to earth. > But everytime I convince myself of that it goes the opposite way.....so > I tend to stay completely neutral. > > Thoughts?
Market in Strange Dance with the Dollar [View article]
Well said. I was trying to point out (in my opinion) the extremely clear inverse correlation that was literally day-to day and indeed my worry that the economy cannot be "off the hook" due to the 10% plus unemployment as well as the continued fragility of our banking system (as noted in my recent blogs). Thanks for the added emphasis.
On Nov 17 07:57 PM Northern Dancer wrote:
> >Over the past several weeks, the market has seemed inversely tied > to the value of the dollar. The dollar goes down, the market goes > up; the dollar goes up, the market goes down. Generally speaking, > the dollar has gone down, and the market has gone up.< > > This inverse relationship has been absolutely locked in place since > November 2005. I hope you're not only noticing it now David.
Sabrient's chief business is supplying short ideas and portfoilio hedges to major asset managers and hedge funds. As always there is a large number of overvalued companies out there with aggressive accounting or other obvious weaknesses. Some examples would include IVN, PALM, ELOS, WBS, and LAMR. LAMR treated me badly the past 12 months after bottoming at a little over 5. Fortunately I closed most of the position on the way down at nice profits. Hope those give you food for thought. We do publish a weekly piece on Green Faucet that always has 13 LONGS and 13 SHORTS. Investors (H)Edge is the title. A subscription product. Thanks for your comment.
david
On Nov 10 01:14 PM absolute return guy wrote:
> Market is proving as always that I don't have a clue. I will check > these 4 stocks out. Any thoughts on some weak stocks as well for > short or puts? I like to be covered on both sides so while I appreciate > the 4 long ideas it would be nice to get some indication of what > you consider a weak stock as well. > > Thanks for the column.
Four Stock Ideas for a Muddled Market [View article]
If an investor had opened puts options in lieu of each Short stock sale, the total gain for 2009 would have been about 16% higher (about 50% total).
The IH portfolio was up 4.63% YTD through last Friday and now up about 4.92% through yesterday utilizing the 13 long, 13 short portfolio as stock transactions
What the Market Wants: A Week of Murk and Fog [View article]
Thanks.
What the Market Wants: A Week of Murk and Fog [View article]
4 Stock Ideas as the Market Is Stuck in the Sand [View article]
Thanks for links...learned most of my early value bias from Graham's work but hadn't run into Piotroski or if I did, I don't remember:) I will back test it.
dave
On Dec 22 02:22 PM mbkelly75 wrote:
> Sure, it is based on a paper by University of Chicago Accounting
> Professor Joseph Piotroski in 2000. It looks at 9 criteria that can
> be found in the company's financial papers. He found that companies
> that scored 8 or 9 outperformed the market by more than 13% and the
> stocks with a score of 1 or 2 trailed the market returns by 10%.
> A score of 5 or more is good and 4 or less is a stock to avoid. Here
> is a link to a PDF of the paper:
> www.chicagobooth.edu/r...
>
> Here is a link to more information on it so you do not have to read
> the PDF:
>
> www.grahaminvestor.com.../
>
> Here is a link to a page that will get you this score on an individual
> stock:
> charts.grahaminvestor....
>
> Just enter the ticker symbol you are interested in. This site is
> a good one and worth spending some time looking around. Merry Christmas!
>
4 Stock Ideas as the Market Is Stuck in the Sand [View article]
david
On Dec 22 09:25 AM mbkelly75 wrote:
> CORE is a wonderful catch. Perfect for trading right now with an
> Intrinsic Value of over $122.00 so they have a long way that they
> could go up and are financially strong.
> JRCC has a low Price/Sales Ratio and is financially above average
> but does not impress me over all.
> RGA has a nice Price/Sales Ratio (0.50), a nice Price/Book Ratio
> (0.91), and a nice Price/Free Cash Flow (3.73). Their PEG is not
> real good but is improving (0.91). Their Petroski Score @ 4 shows
> that they have some financial problems, but I will put them on my
> watch list to see if they continue to improve.
> NIHD has a good Quick Ratio and a large amount of Cash/Share but
> are average financially overall and not otherwise impressive.
> CORE is an outstanding catch and the writer's article and ideas are
> good ones and give a nice starting place for more DD. Well done overall
> - thank you for your work on this.
Market in Strange Dance with the Dollar [View article]
On Nov 18 01:12 PM absolute return guy wrote:
> Great posts by all. I find this site so helpful. Mr. Big, great points
> and I agree that you probably aren't getting trapped anywhere.<br/>
>
> I THINK I am posititioned well for this spike with some short/put
> positions in PALM and others. I wonder if the common consensus is
> to overweight slightly on the short side as an absolute return investor???
> I too believe the market is overbought and that there is an impedding
> spike in the dollar that will send equities falling back to earth.
> But everytime I convince myself of that it goes the opposite way.....so
> I tend to stay completely neutral.
>
> Thoughts?
Market in Strange Dance with the Dollar [View article]
On Nov 17 07:57 PM Northern Dancer wrote:
> >Over the past several weeks, the market has seemed inversely tied
> to the value of the dollar. The dollar goes down, the market goes
> up; the dollar goes up, the market goes down. Generally speaking,
> the dollar has gone down, and the market has gone up.<
>
> This inverse relationship has been absolutely locked in place since
> November 2005. I hope you're not only noticing it now David.
Four Stock Ideas for This Market [View article]
Sabrient's chief business is supplying short ideas and portfoilio hedges to major asset managers and hedge funds. As always there is a large number of overvalued companies out there with aggressive accounting or other obvious weaknesses. Some examples would include IVN, PALM, ELOS, WBS, and LAMR. LAMR treated me badly the past 12 months after bottoming at a little over 5. Fortunately I closed most of the position on the way down at nice profits. Hope those give you food for thought. We do publish a weekly piece on Green Faucet that always has 13 LONGS and 13 SHORTS. Investors (H)Edge is the title. A subscription product. Thanks for your comment.
david
On Nov 10 01:14 PM absolute return guy wrote:
> Market is proving as always that I don't have a clue. I will check
> these 4 stocks out. Any thoughts on some weak stocks as well for
> short or puts? I like to be covered on both sides so while I appreciate
> the 4 long ideas it would be nice to get some indication of what
> you consider a weak stock as well.
>
> Thanks for the column.