Seeking Alpha
Seeking Alpha Portfolio App for iPad
Finance
(1)

Tom Armistead

View Tom Armistead's StockTalks BY TICKER:
  • Tom Armistead
    Went 100% cash in discretionary account today. Up 17.5% ytd, that's good enough, tired of market bs
    Feb 14, 1:09 PM
    Reply (9)
  • View all 9 replies
    • Tom Armistead: easyrob, discretionary is 20-25% of total, the rest is Vanguard index funds, core type mutual funds, CD's, etc., passive investments
      Feb 14, 2:40 PM
    • easyrob: Thanks, I'm 35% cash now...mostly DG stocks and MLP''s, almost passive , no bonds, less than 2 % covered puts and calls. I enjoy your blog
      Feb 14, 2:55 PM
      • Tom Armistead
        Took up a starter position in $NSC, I think they can compensate for lost coal business with intermodal gains.
        12/27/12
        Reply (9)
      • View all 9 replies
        • Tom Armistead: Fox, it's trading a a serious discount to its historical averages on any of the common metrics. Discount larger than loss of revenue.
          12/29/12
        • Tom Armistead: Greg, open interest for KSU options is low, I've made money on similar situations but it can be hard to exit or adjust at a fair price.
          12/29/12
          • Tom Armistead
            Buying OXY, the Jan 2014 55.0 calls. Very good company, owns Oil right here in the USA...
            11/30/12
            Reply
              • Tom Armistead
                Closed out my MBI position today, potential liquidity shortfall and now BAC is offering to buy their bonds at par...to cause trouble...
                11/13/12
                Reply (4)
              • View all 4 replies
                • DeepValueLover: OK. but I still am having trouble figuring out how MBIA runs out of liquidity all of a sudden. What has changed from a capital standpoint?
                  11/14/12
                • Tom Armistead: Financials have disclosed the risk for some time, it was always there. Payments of RMBS claims continue, BAC continues to stall settlement.
                  11/14/12
                  • Tom Armistead
                    Obama to speak on the economy today. Market hissy fit likely to continue.
                    11/9/12
                    Reply (3)
                  • View all 3 replies
                    • Mercy Jimenez: Tom I don't think its as much of a "Market hissy fit" as it is "Quick Pre-2013 Moves" to save on taxes: http://bloom.bg/TNnCp7
                      11/9/12
                    • Tom Armistead: Just read the CBO report. Fairly easy to do something short term that will solve the immediate problem, long term more difficut...
                      11/9/12
                      • Tom Armistead
                        $PWER jumping around today, rumors in Financial Times that they retained Goldman to explore a sale
                        9/6/12
                        Reply
                          • Tom Armistead
                            Selling covered calls today, out of the money, market may have further to go but premiums are attractive.
                            8/7/12
                            Reply (4)
                          • View all 4 replies
                            • Bret Kenwell: Either get taken out at a further gain or collect premium.
                              8/7/12
                            • bbarberayr: Something to consider as we possibly start a sustainable move upwards from bespoke: http://bit.ly/PEYFpr
                              8/8/12
                              • Tom Armistead
                                Banks have been manipulating Libor. What other yields and spreads have they been manipulating?
                                6/29/12
                                Reply (5)
                              • View all 5 replies
                                • Tom Armistead: You're right, it really is a rhetorical question...
                                  6/29/12
                                • 1980XLS-2.0: D_ Crony Capitalism, not real capitalism
                                  6/29/12
                                  • Tom Armistead
                                    I think I hear the sound of a helicopter in the distance, soon Ben will start tossing the money out.
                                    6/6/12
                                    Reply (5)
                                  • View all 5 replies
                                    • Tom Armistead: Monetary policy isn't helping anything at this point. The people in Washington have to come up with a sustainable fiscal policy.
                                      6/7/12
                                    • bbarberayr: Yeah, agree for sure.
                                      6/8/12
                                      • Tom Armistead
                                        Buying PRU after hours, good growth.
                                        5/2/12
                                        Reply (5)
                                      • View all 5 replies
                                        • Tom Armistead: I seem to remember that PRU is planning to go to a quarterly dividend. I'm assuming it will be an increase.
                                          11/16/12
                                        • Tom Armistead: PRU may want to keep capital available for more pension deals like the one with GM.
                                          11/16/12
                                          • Tom Armistead
                                            AGO tanking pre-market, down 9.62%, no news.
                                            3/21/12
                                            Reply (2)
                                            • johnny inca: Tom they are on review for downgrade by Moodys
                                              3/21/12
                                            • Tom Armistead: Thanks johnny that explains it. I read Dominic's response, he makes a lot of sense. Fortunately, I trimmed my position on 3/13, wait it out
                                              3/21/12
                                              • Tom Armistead
                                                Bought a vertical call spread on TRV, Jul 55/60, negative reaction to earnings, they have been able to raise prices, a plus
                                                1/24/12
                                                Reply
                                                  • Tom Armistead
                                                    Bought JPM at 35.45, market has it wrong on earnings, DVA
                                                    1/13/12
                                                    Reply (5)
                                                  • View all 5 replies
                                                    • bogwog: You are spot on -
                                                      1/13/12
                                                    • SanDiegoNonSurfer: We sure do key into a lot of the same stocks! For different reasons, too, which is interesting. Also watching JPM. Haven't bought yet.
                                                      1/15/12
                                                      • Tom Armistead
                                                        Corporate profits (in GDP) were amazing this morning, complete disconnect between profits and market valuation.
                                                        8/26/11
                                                        Reply (1)
                                                        • Nealhugh: Thanks! Neal NY NY
                                                          10/17/11
                                                          • Tom Armistead
                                                            Sold off the last of my hedge as SPY went under 112.50, curious as to what comes next.
                                                            8/8/11
                                                            Reply
                                                              • Tom Armistead
                                                                Sold off some more of my hedge this morning, still have a little more than half of it left.
                                                                8/4/11
                                                                Reply
                                                                  • Tom Armistead
                                                                    Starting to liquidate my hedges, not sure how much further down this will go.
                                                                    8/3/11
                                                                    Reply
                                                                      • Tom Armistead
                                                                        Trader's Almanac say down Friday followed by down Monday is a sign of trouble, looks like the market is headed that way.
                                                                        8/1/11
                                                                        Reply
                                                                          • Tom Armistead
                                                                            There is some buying of MBI Jul 10 calls, I bought some Jul 11, funded by sale of puts.
                                                                            7/12/11
                                                                            Reply
                                                                              • Tom Armistead
                                                                                XLF down 1.1%, mortgage insurers PMI, RDN and MTG up 21%, 4% and 4%, no news visible...
                                                                                7/6/11
                                                                                Reply