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John Naccarelli

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  • Bank Loan Fund That Pays 6% and Protects You From Inflation [View article]
    It is Sept 2014 and I have been buying these CEF's at deep discounts to NAV the past few months and the list is as follows: EFR, EFT, EVF, FCT, FRA and NSL
    I thought I had these figured out. I bought an open-ended version at NAV (I did not pay the front-end load, last July 2013). It has performed relatively well the past year plus but the CEF's have been volatile. I should have traded them rather than held them.
    I have tried to come up with a correlation between the price movement of these CEF's with the direction of interest rates, S&P, etc., and I do not find a predictable pattern. Maybe I am a fixed income novice, but does anyone have a forecast for these as interest rates rise very, very, very, SLOWLY?
    Sep 16 03:27 PM | Likes Like |Link to Comment
  • IPO Preview: Ryerson Holding [View article]
    Now that the price range has been significantly reduced to 11-12, how would you change your opinion?
    Aug 7 09:29 AM | Likes Like |Link to Comment
  • Catalent IPO Should Rock Given Blackstone Backing [View article]
    whenever I get a huge fill, I know that I am doomed ... as in this case and MCUR. I may get my money back if it can only get back to the IPO price ... it's so close. :-)
    Aug 5 12:14 PM | Likes Like |Link to Comment
  • The Implosion Is Near: Signs Of The Bubble's Last Days [View article]
    Macro Investor,
    You must be kidding with the statement, "That's why I vote Democrat." Whenever I see someone's political OPINIONS, that's when they lose credibility. You have just proven with that statement how closed-minded and blind you must be to ideas and views or even facts.
    Aug 5 08:05 AM | Likes Like |Link to Comment
  • Catalent IPO Should Rock Given Blackstone Backing [View article]
    has anyone heard about an increase in the price range or is it still 19-22?
    Jul 30 04:09 PM | Likes Like |Link to Comment
  • Trouble Looming In The Market... [View article]
    Buyandhold 2012,
    I could not disagree more vehemently. If you buy and hold and the market drops 20%, what do you use to buy more stock? Leverage? And what if the market drops further and you receive margin calls? If you do not have a decent cash position, you can just sit back and watch the prices drop and never take advantage of them. As they say, keep some powder dry and there is always trouble looming in the market ... that is the nature of climbing a wall of worry.

    FYI, if you bought tech stocks in 1999, 2000 and 2001, you are probably now back to a break even in most cases or the company no longer exists. I love the MS research recommendation of 1999 to 'buy the four horsemen of the internet' - these were supposed to be your CORE holdings and one of which was CMGI. Look into that one! FYI, QQQ peaked at 120 in March 2000 and we are at 97- now.
    Jul 22 11:56 AM | 7 Likes Like |Link to Comment
  • The Implosion Is Near: Signs Of The Bubble's Last Days [View article]
    DeepValueLover, I could not agree with you any more. I have been expecting this MAJOR correction since the year began and most hedges have cost me ... mostly option writing and buying. This market will continue upward and I will continue to be a net seller (especially of tech), but I have a long way to go to get to a 50% cash position if I make it before the correction. The correction will come when least expected but who knows, maybe QQQ will get to 120 again before it happens!!
    Jul 20 12:42 PM | 2 Likes Like |Link to Comment
  • Cramer's Mad Money - Expensive Skepticism (6/18/14) [View article]
    TYPO >>> the S&P SOARED 7.7% ... YEAH, I wish ... it was .77%
    Jun 19 07:58 AM | Likes Like |Link to Comment
  • Why Buying A House Is A Terrible Investment [View article]
    Author> I hope a lot of people read this and agree with you because I am getting outbid too often on houses that I attempt to buy. In other words, I could not DISAGREE with you any more and this article and your conclusions are ridiculous. I can support my statement with personal facts based upon my experiences over the last 25 plus years. I wish I had the time to write an article in response to this but I am better off if more people believe in your theories and opinions.
    Jun 16 03:51 PM | Likes Like |Link to Comment
  • Weighing The Week Ahead: What Does The Iraq Conflict Mean For Markets? [View article]
    You are completely ignorant about military action and international affairs and your judgments of Bush and Obama reflect my opinion. Obama has SCREWED this entire matter up because he is just a politician that does not listen to advisors and never makes mistakes ... LMAO.
    Jun 15 01:01 PM | 5 Likes Like |Link to Comment
  • An Alternate Way To Profit Off Bitcoin [View article]
    I own a company that is a service provider and have a merchant services account for the B-to-C transactions. I see the fees/charges from the credit card companies, processors (First Data) and banks and it varies from 2.5 to 4% depending on the card and country of issue. My transactions are large (>$3500 each) and the 'haircut' is costly to the bottom-line.
    I have been looking for alternatives for our very short notice payment requirement and BITCOIN is not even on our radar. What is the difference in losing 3% due to Bitcoin market pricing volatility or a 3% cost in fees? We have been using WIRE TRANSFERS when possible.
    Jun 13 08:03 AM | Likes Like |Link to Comment
  • Culture Will Drive Further Results At Alaska Communications [View article]
    I have read down the list of commentary and done some very limited research. I only have more questions:

    Can ALSK go bankrupt with the decreasing revenues & increasing competition from T, VZ, etc.?
    Why would VZ buy ALSK anytime soon? What would be there incentive if time is on their side? ALSK just keeps getting cheaper!!
    When will ALSK ever be able to reinstate a dividend with such a heavy debt burden, lower revenues and increasing competition?

    Even at $1.65, I do not feel compelled to buy ALSK as such a low price. 0 is still less than 1.65.
    Jun 4 03:28 PM | Likes Like |Link to Comment
  • Buying Opportunity In The VIX [View article]
    I agree with the premise on VIX and VXX and just sold VXX puts, but you need to be clear on your recommendations. There are options trading on the VIX and VXX and they DO NOT necessarily move together. For example, today the VIX is up almost 2.5% while the VXX is almost down the same amount. Your readers need to understand that one is an index while the other is an ETN.

    I would also not go out six months because the time premium can erode any potential gain. Anyway, everyone has their own opinions and some are better than others. :-)
    May 27 01:04 PM | 1 Like Like |Link to Comment
  • Aeropostale: Our Top 2014 Pick For A Unique Short Covering Rally [View article]
    AGREED!!! Unfortunately, it is the way of the corporate world these days to never admit error or fault. Hey, I bought a very small position at $5.95 and still own it.
    I will even admit that I may purchase more shares if it breaks down to $3 or less. I have no solid evidence to support my belief, but this will be a $6 stock again in a year or two max.
    May 25 09:37 AM | Likes Like |Link to Comment
  • After A 50% Decline In Stock Price, Is Varonis A Buy? [View article]
    well, VRNS broke the IPO price today, so it's now cheaper...but so did many other IPO's, FRSH, GLYC, etc. I would be more concerned with the bigger picture and trend in the IPO market than a micro view. I got shares in all of these IPO's (even 200 of VRNS) and sold them but I bought GLYC today at 8. Sorry, no analysis for anyone.
    May 12 04:17 PM | Likes Like |Link to Comment