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Richard Shaw

 
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  • The Dark Side of Stop Loss Orders [View article]
    No Free Cake -- good catch -- correction: we don't want be have positions that are more than 2% of DAILY dollar volume at the outside, preferring less than 1%.-- thank you.
    Oct 2 07:54 AM | 3 Likes Like |Link to Comment
  • Buy and Hold vs. Rebalancing Results [View article]
    Some people combine a calendar schedule for rebalancing with and even threshold, such as X% variation in the price of key assets, to trigger a rebalancing action. Rebalancing, of course, chases prices down and scales out of rising prices. If a serious enough event or eventuality exists, standing aside for a while is the resort of some as well.
    Sep 16 11:51 AM | Likes Like |Link to Comment
  • Now It's Truth or Consequences for the S&P 500 [View article]
    That's really my point. Unless the "neckline" strongly pierced, the price would likely fall significantly, making it a "triple top" -- probably should have described the even of falling off as creating the triple top -- that's why its "Truth or Consequences" time.
    Sep 15 07:00 AM | 2 Likes Like |Link to Comment
  • Now It's Truth or Consequences for the S&P 500 [View article]
    Sometimes price patterns become self-fulling -- patterns like this tend to have many followers. More importantly expectations about a more business friendly government post-election could at least temporarily raise market levels. We agree that earnings estimates are coming down and the macro doesn't look so good (but not as bad as before for now), but the pain associated with that may be pushed down the road for a while.
    Sep 14 11:47 PM | 3 Likes Like |Link to Comment
  • Key Stock Index Short-Term Re-Entry Price Minimums [View article]
    David, I agree that we use trend following, but want to point out also that we only follow trends in fundamentally attractive securities. We feel a blend of sound operations, valuation and price performance is a good way to go. Some trend followers will own anything that is rising, but we will not. We first select securities for operating, valuation and yield considerations, then select among those that are in rising price patterns.
    Sep 6 10:36 AM | 1 Like Like |Link to Comment
  • Key Stock Index Short-Term Re-Entry Price Minimums [View article]
    THE POINT SIR IS HOW MUCH THEY MUST GO UP TO BE ATTRACTIVE TO US.
    Sep 4 10:05 PM | 5 Likes Like |Link to Comment
  • MLPs -- Part 5: MLPs Passing Very Simple Fundamental Screen [View article]
    That is an incorrect observation. We have not sold our MLP positions during this series.
    Aug 29 10:36 AM | 1 Like Like |Link to Comment
  • Conservative Equity Income Filter: Part 1 [View article]
    That is an important subsequent dimension for this particular screen. You are right to look to that. All things being equal, you may be better off with lower debt companies.
    Aug 25 03:58 PM | Likes Like |Link to Comment
  • MLPs -- Part 6: MLP Structure and IRS Qualification [View article]
    It's not that simple. We will discuss in Part 7.
    Aug 23 01:49 AM | 4 Likes Like |Link to Comment
  • MLPs -- Part 6: MLP Structure and IRS Qualification [View article]
    That is a topic for the last part (Part 7) of this MLP series
    Aug 22 12:36 PM | 3 Likes Like |Link to Comment
  • Public Master Limited Partnerships -- Part 1 [View article]
    Instead of "woodeneye", you should be "sharpeye"
    Aug 12 05:27 PM | 1 Like Like |Link to Comment
  • Public Master Limited Partnerships -- Part 1 [View article]
    Thanks. That is a typo. Should say "MLPs". We'll fix that on our site and see if SA can fix it here.
    Aug 12 05:26 PM | Likes Like |Link to Comment
  • MLPs -- Part 3: Correlation Between Stocks, Bonds and MLPs [View article]
    Can you provide source for that? Would be helpful. We did a correlation analysis for all of the ETFs at iShares with three years of data (their tool appears to be a price correlator -- they do not identify total return on their literature and the correlations are lower than for the total returns at Vanguard). For those HYG, for example, which is lower quality bonds has a correlation of 0.50. Others are PFF 0.59, IVV 0.44, IYR 0.31, LQD 0.25, AGG -0.16 and IEF -0.50 [data for period 7/31/2007 through 7/31/2010]
    Aug 10 09:56 PM | 1 Like Like |Link to Comment
  • MLPs -- Part 4: Most Liquid MLPs [View article]
    custom field in a general database
    Aug 10 08:06 PM | 4 Likes Like |Link to Comment
  • MLPs -- Part 3: Correlation Between Stocks, Bonds and MLPs [View article]
    Vanguard has this language in the footnotes to their correlation calculator:

    "The calculator results show correlations of investment returns assuming reinvestment of dividends and capital gains ..."
    Aug 10 12:08 PM | 2 Likes Like |Link to Comment
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