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David Pinsen  

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  • BlackBerry's (BBRY) CEO John Chen on Q4 2015 Results - Earnings Call Transcript [View article]
    Just checking the costs of hedging BBRY now. It's too expensive to hedge against a >15% drop between now and September using optimal puts: http://bit.ly/1D866EY

    But, if you're willing to cap your upside at 15% over the same time frame, you can get paid $90 to hedge BBRY against a >15% drop: http://bit.ly/1D8693w
    Mar 27, 2015. 07:13 PM | Likes Like |Link to Comment
  • BHP Billiton: Increasingly Attractive For Dividend Investors After The Demerger [View article]
    Nice drill down here.

    Incidentally, for those who are interested in this sector and who also have the risk tolerance to consider microcaps, one of BHP's suppliers has been written up by a few Seeking Alpha writers (including me, a while back): AYSI
    Mar 18, 2015. 06:28 PM | Likes Like |Link to Comment
  • I Want Book Value: Annaly's Weakness Is Not The Dividend [View article]
    Ha, your Sprint title was great too.
    Mar 17, 2015. 12:18 AM | Likes Like |Link to Comment
  • I Want Book Value: Annaly's Weakness Is Not The Dividend [View article]
    Interesting analysis.

    This article prompted me to look at NLY's chart for the first time since late 2013. Looks like it's within 20 cents of where it was when I wrote about it back in November of 2013 ( http://seekingalpha.co... ). I wonder if SA would have approved of my title if I had submitted that as an article rather than a blog post.
    Mar 16, 2015. 07:20 PM | Likes Like |Link to Comment
  • Don't Over Think It: Buy AT&T [View article]
    For those on the opposite side, looking to buy put options, these were the optimal ones to hedge against a >12.5% drop in T between now and October: http://bit.ly/19sSBCN
    Mar 16, 2015. 05:41 PM | Likes Like |Link to Comment
  • Inovio Pharmaceuticals' (INO) CEO Joseph Kim on Q4 2014 Results - Earnings Call Transcript [View article]
    A comparison of the cost of hedging INO to the cost of hedging AZN after INO's big day today: http://bit.ly/19sKYMs
    Mar 16, 2015. 04:58 PM | Likes Like |Link to Comment
  • Explaining Lumber Liquidators' Reckless Strategy, And Rebutting Its Claims About Deconstructive Testing [View article]
    Just checked the cost of hedging LL against a >20% drop from here over the next several months. It was too expensive to hedge that way with optimal puts (i.e., the cost of hedging that way was more than 20%). But not too expensive if you were willing to cap your upside with a collar (assuming any LL investor would accept such a cap after last week's drop): http://bit.ly/1FpIRoC
    Mar 15, 2015. 06:11 PM | Likes Like |Link to Comment
  • A Bear Market Is Unlikely In 2015 [View article]
    If you're okay with a < 15% market drop, but want to insure against anything worse than that, as of Friday's close, these were the optimal puts to hedge against a > 15% drop in SPY between now and September: http://bit.ly/1MzzLI1
    Mar 14, 2015. 01:16 AM | Likes Like |Link to Comment
  • ACADIA Pharmaceuticals (ACAD) Updates Planned Timing of NUPLAZIDTM NDA Submission Conference Call (Transcript) [View article]
    This was an optimal collar hedge on ACAD as of yesterday's close, before the news broke: http://bit.ly/1Dcm5B2

    The bid-ask on the put leg of that collar went up to $8.10 by $10.80 today.
    Mar 12, 2015. 07:33 PM | Likes Like |Link to Comment
  • Long-Overdue Major Stock Selloff Still Looms [View article]
    I have no idea when the market is going to correct or by how much, but the author raises a scary prospect about a 20% or less correction growing into a ~50% decline.

    If you'd like to stay long and hedge your bets, here's a look at the optimal puts (as of Friday's close) to protect against a >20% drop in SPY between now and September: http://bit.ly/1E1FC55
    Mar 7, 2015. 04:43 AM | 5 Likes Like |Link to Comment
  • Zynga 's (ZNGA) CEO Don Mattrick Presents at Morgan Stanley Technology, Media and Telecom Conference Call (Transcript) [View article]
    Compare the cost of hedging ZNGA to that of its competitor EA: http://bit.ly/1CE1F3L
    Mar 5, 2015. 07:24 PM | Likes Like |Link to Comment
  • Update: Alloy Steel International's Q4 Earnings Are Strong [View article]
    Thanks for the recap, Nat. AYSI is definitely performing strongly in a weak macro environment. If it's still independent during the next commodity boom, it could really go on a tear.

    I sold a few shares today to cover some medical expenses, but I plan to hold the rest.
    Dec 20, 2014. 12:36 AM | 2 Likes Like |Link to Comment
  • Alloy Steel International: Weak Hands Sell The Headline To Their Detriment [View article]
    Don't they have to file an annual report or something with the state of Delaware?

    Good article, btw.
    Sep 13, 2014. 12:15 AM | Likes Like |Link to Comment
  • Why I'm More Confident Of My Herbalife Short Position Today [View article]
    Protein shakes are fraudulent products? They are a way to lose the weight one gains eating McDonald's burgers. Of course, you can get protein shakes from stores too; the Herbalife difference, as John Hempton has pointed out, is the community support of the clubs. It's easier to stick with a diet with community support.
    Jul 23, 2014. 04:12 PM | 3 Likes Like |Link to Comment
  • Why I'm More Confident Of My Herbalife Short Position Today [View article]
    McDonald's advertises to poor people too. Do you want to short it?
    Jul 23, 2014. 02:44 AM | 3 Likes Like |Link to Comment
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