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Land of Milk and Honey
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Individual investor. Generally using index Mutual Funds or ETFs. Trying to diversify more (foreign in particular). Pick up tips & concepts, & learn more. I'm at alpha to keep a finger on the current moods & predictions... and so I notice up coming big financial news events before... More
  • Best Ways To Invest -- What's Your Opinion? A Place To Share Ideas! #32 230 comments
    Jul 11, 2014 9:47 PM

    I've set up this blog ...as a community place to share our investing ideas. Hopefully so we all gain more ALPHA!! It's a great way for my contacts to talk to each other at the same time, not just to me :).

    .

    All topics welcome. Investing, stocks, bonds, commodities, economy, politics about economy, and social (so we know who we're talking with). Please invite other investors! Stop by once in a while, or hang out all the time. Please post your questions, make a joke, or share your insights with us!!

    .

    My money has done well since I started this blog... so I'm hoping it adds value for everyone!

    .

    Only rules of the road are not to insult others, so state your view but don't call others names or put them down. Every view is valuable, if only to convince you, you are right!

    .

    This is Chapter #31. As the instablog gets long, I'll create a new blog & post a link at the end of the comments. Here's a link to the prior, #30: http://seekingalpha.com/instablog/11150861-land-of-milk-and-honey/3039365-best-ways-to-invest-whats-your-opinion-a-place-to-share-ideas-31?v=1405116085 (I've been putting in the right links, but sometimes this doesn't seem to work correctly. You can always go to my profile, then to my instablogs, and find the latest.)

    .

    Links

    Regular poster Fear & Greed has instablogs outlining his ideas which are great! -- also SA articles!:

    Interesting Times has a fun Portfolio Challenge:
    seekingalpha.com/instablog/5038891-inter...-8

    Also his regular instablog: seekingalpha.com/instablog/5038891-inter...-50 It's more oriented to precious metals, & economic concerns (worries) than mine.

    As for the regular posters, you'll get to know us, if you hang around!!. Several have their own instablogs with their ideas outlined well!

    Disclosure: The author is long SPY, IWM, DIA, QQQ, LINE, CVX.

    Additional disclosure: ...and more... ask me if you're curious!

Back To Land of Milk and Honey's Instablog HomePage »

Instablogs are blogs which are instantly set up and networked within the Seeking Alpha community. Instablog posts are not selected, edited or screened by Seeking Alpha editors, in contrast to contributors' articles.

Comments (230)
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  • Land of Milk and Honey
    , contributor
    Comments (4049) | Send Message
     
    Author’s reply » .

     

    Lots of active topics in the last chapter... so here's a place to keep talking...
    11 Jul, 09:52 PM Reply Like
  • Land of Milk and Honey
    , contributor
    Comments (4049) | Send Message
     
    Author’s reply » - To newcomers, this chapter is long, so we're moving onto another #33, so please join us!
    http://seekingalpha.co...
    30 Jul, 11:30 AM Reply Like
  • Land of Milk and Honey
    , contributor
    Comments (4049) | Send Message
     
    Author’s reply » FG

     

    (LAZ) you've said benefits from IPOs. Do they also do mergers, and buyouts?
    11 Jul, 09:52 PM Reply Like
  • Fear & Greed Trader
    , contributor
    Comments (4974) | Send Message
     
    L,

     

    (NYSE:LAZ) benefits from M& A activity - not so much from the IPO markets..
    14 Jul, 11:49 AM Reply Like
  • Land of Milk and Honey
    , contributor
    Comments (4049) | Send Message
     
    Author’s reply » - Hi- back up the market goes!! Hope it was a nice weekend for everyone!

     

    Home Depot is going to be selling a 3D printer in their store. This technology should be a game changer down the road that way PCs were. Thoughts on what to invest in directly or indirectly for the growth that will come?
    14 Jul, 10:44 AM Reply Like
  • JohnBinTN
    , contributor
    Comments (3716) | Send Message
     
    IF it takes off, I'll be watching for the resin manufacturers to go public. That's where the money will be, IMO.
    14 Jul, 10:52 AM Reply Like
  • Land of Milk and Honey
    , contributor
    Comments (4049) | Send Message
     
    Author’s reply » JBT

     

    I know nothing about resin -- but for a while I'd suspect the materials business will benefit more than the 3D that's already bid up so much. ...so a product to learn about!
    14 Jul, 12:23 PM Reply Like
  • Fear & Greed Trader
    , contributor
    Comments (4974) | Send Message
     
    L,

     

    no thoughts on the 3D printer stocks .. I just don't know enough about them but I do believe the technology is a game changer - the 64,000 question is which co's will be the winners..

     

    JBT makes a good point about the resin manufacturers..

     

    Good earnings number from (NYSE:C) today,, i've been in the banks for a while ,, my call to initiate and add to positions was premature,, now it does appear that with the government shakedowns of the large banks coming to an end , they can put that behind them and move on ...

     

    They are under book value and should also benefit from the rate environment down the road..
    14 Jul, 11:49 AM Reply Like
  • Land of Milk and Honey
    , contributor
    Comments (4049) | Send Message
     
    Author’s reply » FG

     

    Interesting about the banks being ready to benefit. Seems like a solid observation. I certainly don't trust large banks... but I'm happy to make money from them.
    14 Jul, 12:22 PM Reply Like
  • Fear & Greed Trader
    , contributor
    Comments (4974) | Send Message
     
    l,

     

    I know what you mean about the large banks..

     

    I would be hard pressed to find some one who has many good things to say about the large cap banks after the crisis.

     

    But it is what it is .. and they can turn into very profitable entities and are nicely valued here..
    14 Jul, 01:03 PM Reply Like
  • Robert Duval
    , contributor
    Comments (3799) | Send Message
     
    http://bit.ly/1kX5XWl

     

    2 things happened today. Goldman upgraded their price target for the SPX.

     

    And the above chart came out.

     

    Watch what they do...not what they say.
    14 Jul, 08:31 PM Reply Like
  • Tack
    , contributor
    Comments (13264) | Send Message
     
    For every chart, there's another chart: http://bit.ly/mTnOjV

     

    Neither chart addresses the underlying realities of corporate performance, market P/E's or liquidity preferences.

     

    Also, a quote from ZeroHedge is a great way to nullify almost any credibility. Now, there's an outfit that hasn't shot straight in five years, without a single exception. I'm surprised anyone would place them on their web site.

     

    Now, looking at the SPX back in 2012, when short interest was as high, we did get a 7% correction by November, so, maybe, if you stick with it, you'll finally make a short trade work. Personally, I'm not sweating 7% corrections, except for some minor rebalancing.
    14 Jul, 09:49 PM Reply Like
  • Robert Duval
    , contributor
    Comments (3799) | Send Message
     
    AAII survey is totally useless and discredited.

     

    Rather listen to zero hedge. Anyway they didn't create the numbers.

     

    Zero hedge is at least more credible than the vampire squid.
    14 Jul, 10:12 PM Reply Like
  • Fear & Greed Trader
    , contributor
    Comments (4974) | Send Message
     
    M,

     

    an observation from a bearish view... AAII survey is always totally useless unless it shows a lot of bullishness ---

     

    zerohedge is pure "unadulterated garbage" I have maintained that since 2012 when i was first introduced to their nonsense..

     

    They haven't made a correct call since the bull market began

     

    I simply ask again why would anyone wish to listen to those that have had the story wrong ..

     

    I would rather look at what is really happening -- earnings from the financials

     

    (NYSE:WFC) (NYSE:C) (NYSE:JPM) (NYSE:GS) all beating estimates.. and it appears they will be joining and adding more breadth to the rally. More importantly the earnings calls are highlighting the underlying strength in their business..

     

    a sector that you declared "dead' in this "cycle"

     

    (NYSE:JNJ) a large cap pharma is posting double digit growth ---- with another earnings beat..

     

    Dow transports at a new all time high yesterday -- more breadth

     

    dow 30 is within a few points of the same ---

     

    Only ‘potential” speedbump a failed attempt at a new high from the S & p .. but it is WAY too early to suggest that will or wont occur in the near term ..

     

    That could lead to a 10% drawdown , in a seasonla weak market period ahead ---- but haven't we all been saying that for so many months.. so there is no news there.
    15 Jul, 09:41 AM Reply Like
  • Fear & Greed Trader
    , contributor
    Comments (4974) | Send Message
     
    Mac,

     

    regarding "money flows"

     

    I posted this in my blog on May 31 -- it appears to have been "spot on" in calling this latest S & P move
    the Guggenheim "Rydex" family of funds survey

     

    http://bit.ly/1nDcDOn

     

    More info on where money is invested :

     

    Cap Gemini and RBC Wealth Management recently conducted surveys showed that wealthy global investors are keeping an eye-popping 28% of their wealth in cash or cash equivalents. That’s more than their holdings in real estate (20%) or equities (26%); other surveys have shown the same results.

     

    Legg Mason conducted a similar survey and found that clients were holding 26.5% of their wealth in cash, while at Wells Fargo it was a stunning 40%.

     

    Finally,

     

    I speak to other money managers and "everyday Joe's" and not one of them is "loading up" at this point in time --

     

    many are still scratching their heads in disbelief...

     

    they need to look at what i just posted about earnings ...
    15 Jul, 09:49 AM Reply Like
  • Land of Milk and Honey
    , contributor
    Comments (4049) | Send Message
     
    Author’s reply » .

     

    I have too much in cash too :(.

     

    I have to wonder if the bull, bear survey info is useful only at the extremes... such as when extreme exuberance is being shown, and no one would need a survey to even guess at it... just watch whether the screens in the TV sales department at Walmart are talking about stockmarket. Has anyone done quality stats that shows correlations on these things and in what ways?

     

    Zerohedge cherry picks. I can't imagine why they are so alarmist all the time. But I've seen an article elsewhere pulled over and cherrypicked until the overall meaning was flipped, more than once.
    15 Jul, 10:32 AM Reply Like
  • Tack
    , contributor
    Comments (13264) | Send Message
     
    LMH:

     

    "Zerohedge cherry picks. I can't imagine why they are so alarmist all the time. "

     

    Because there's a large audience that is perpetually pessimistic and terrified, and that's ZH's bread and butter. They make money, while their readers continue to flounder.
    15 Jul, 10:40 AM Reply Like
  • Robert Duval
    , contributor
    Comments (3799) | Send Message
     
    Fear, baloney.

     

    Chart I posted proves everyday joes are piling in. Same as every cycle. Wealthy and institutional are raising cash.

     

    Works for me, my views and positioning.

     

    Another promising day today without any market help. Imagine if we get a lousy 50 point SPX dip.

     

    Buy the momo's fear, theyre getting cheap(er).
    15 Jul, 05:27 PM Reply Like
  • Fear & Greed Trader
    , contributor
    Comments (4974) | Send Message
     
    Mac,

     

    LMAO without any market help , you got the greatest gift one could get the fed chair saying the momo stocks were stretched ..!!!

     

    Hmmm baloney
    I guess the folks (joe's) that I speak to are lying to me and secretly buying behind my back --

     

    Congrats --- you have a career in stand up comedy
    15 Jul, 05:57 PM Reply Like
  • Tack
    , contributor
    Comments (13264) | Send Message
     
    M:

     

    You actually believe that institutional money is a net seller, but the market effects are being blunted by the mom-and-pop buying? Sheer nonsense, if for no other reason than mom-and-pop dollar volume is barely visible in overall market transactions, and if the large institutional buyers were in fact selling, as you claim, then we'd see a market steadily trending south. And, we'd see volume picking up.

     

    In contrast, what we see is that each and every time the market has some media excuse to sell off, it encounters immediate buying pressure, and it isn't coming from mom and pop wetting their pants, excitedly buying 50 shares of something either.

     

    Further, with regard to the chart shown in the link you posted, showing who's buying and selling (http://bit.ly/1kX5XWl), somebody please explain to me how every group shown has supposedly been a net seller since December 2009, but the market has more than doubled in that period. Something's bogus. Did the chart not include aliens?
    15 Jul, 06:21 PM Reply Like
  • Robert Duval
    , contributor
    Comments (3799) | Send Message
     
    T,

     

    It sure is mom and pop buying every dip, lately anyway.

     

    My work confirms the zero hedge chart, from multiple sources, institutional money is a steady seller. Do your own homework.

     

    Now it wasn't always the public buying. Its was a big relevant buyer, who's buying is dramatically slowing down, as the public increasingly gets long.

     

    Three guesses.
    15 Jul, 07:05 PM Reply Like
  • Robert Duval
    , contributor
    Comments (3799) | Send Message
     
    Momo's were, and will, go down anyway.

     

    Don't need the Fed's help.

     

    Since my investing thesis is so funny, why dont you take the other side and buy Yelp and Grpn?
    15 Jul, 07:07 PM Reply Like
  • Fear & Greed Trader
    , contributor
    Comments (4974) | Send Message
     
    Watch the oils today and in the next few days

     

    (NYSE:CXO) 143 (NYSE:PXD) 218 coming down from all time highs , fundamentals intact

     

    Also like (NYSE:OAS) and (NYSE:AR)

     

    last Fri I mentioned that (NYSE:CPA) 149 was ready to break out and it has today --- Up $3.80 on a sloppy day in the markets.. I believe it can go back and challenge the old high of 162
    15 Jul, 11:16 AM Reply Like
  • BlueSkyForever
    , contributor
    Comments (1606) | Send Message
     
    gold down a lot today...seems to be telling us "no worries."

     

    earnings so far have been good.

     

    (NYSE:C) (NYSE:CSX) (NASDAQ:INTC) reported today; all higher in after hours trading.

     

    the rest of the world might be iffy, but we aren't doing that bad here in the US.

     

    as long as the economy keeps chugging along, we should be fine. Not full steam ahead, but steady as she goes.

     

    Yellen's remarks caused some of the "mo-mo" stocks to decline today.

     

    (NYSE:IBM) & (NASDAQ:AAPL) joining forces. As an owner of both stocks, I like that.

     

    http://cnb.cx/1nF4UiG
    15 Jul, 04:46 PM Reply Like
  • Fear & Greed Trader
    , contributor
    Comments (4974) | Send Message
     
    BSF

     

    plenty have told us about the gold trade-- its simple---- it is in a bear market and despite what many believe in diversity , there is no reason to have it in a portfolio

     

    but some think so because of its incipient strength and for some reason are long

     

    have a laugh-- seems the "bears" believe we are doing just terrible -

     

    http://seekingalpha.co...

     

    now that is baloney .. -- all 12 of them
    15 Jul, 06:08 PM Reply Like
  • BlueSkyForever
    , contributor
    Comments (1606) | Send Message
     
    F&G, yup that gold trade has been going south for a very long time....which I love because IMO, (just IMHO!) when gold is priced low, we really do have less to worry about.

     

    It's hard for those who drank the end of the world as we know it kool-aid. This is so funny, auto correct turned "kool-aid" into "kook-aid" lol.

     

    We still have a long road ahead, but we continue to make progress.
    16 Jul, 09:52 AM Reply Like
  • Land of Milk and Honey
    , contributor
    Comments (4049) | Send Message
     
    Author’s reply » BSF

     

    Autocorrect changed it to kook-aid, that's funny :).
    16 Jul, 11:41 AM Reply Like
  • Robert Duval
    , contributor
    Comments (3799) | Send Message
     
    BSF,

     

    Do you think Yellen could cause any asset to move anywhere, that wasn't already primed to do so anyway?

     

    If you (as in any investor) believe in Yelp so much and their 2019 forecast, why would you care?
    15 Jul, 05:29 PM Reply Like
  • Fear & Greed Trader
    , contributor
    Comments (4974) | Send Message
     
    Mac..

     

    Perhaps momentum works both ways and when the fed chair speaks the silly knee jerk traders out there SELL and and questions later ------ or didnt that event occur to you
    15 Jul, 05:59 PM Reply Like
  • Robert Duval
    , contributor
    Comments (3799) | Send Message
     
    Then Fear you should take advantage of the panic and LOAD UP on momo!
    15 Jul, 07:08 PM Reply Like
  • Tack
    , contributor
    Comments (13264) | Send Message
     
    M:

     

    You are addressing the wrong audience. The guys on the other side of the mo-mo trade are mostly traders, exactly like you, but making the other side of the short-term bet. Most dispassionate, long-term investors, who manage ongoing portfolios aren't long mo-mo crap and never were.

     

    It escapes me why you challenge investors to buy silly mo-mo stuff, as some proof of their investor manhood, when the position of such investors is that the market, overall, is not wildly valued, can be managed for ongoing total return (price and yield) and isn't a candidate for haphazardly fleeing to cash or shorting on a broad scale. I've been long for decades without ever buying any speculative mo-mo names and am certainly not about to start now or recommend that anyone else do so.

     

    Personally, I have no problem with you targeting individual shorts, like Yelp, Tesla, etc., any more than I would have a problem with someone buying an individual undervalued issue. But, when you make statements that you're 80% net short and wish to be short market bellwethers, like major financials, then, I would tend to disagree with your overall market strategy.
    15 Jul, 07:37 PM Reply Like
  • Robert Duval
    , contributor
    Comments (3799) | Send Message
     
    T,

     

    Just making the point, if I'm obviously so wrong to be bearish on anything, and my calls are so bad, it's only logical to take the other side. Why not?

     

    And you are given better prices today.
    15 Jul, 07:41 PM Reply Like
  • Fear & Greed Trader
    , contributor
    Comments (4974) | Send Message
     
    T,

     

    the gentleman and his Market views are contained here and they do tell a tale of what side of the trade he is on on.... it wouldn't appear that its confined to just momentum

     

    http://seekingalpha.co...

     

    then again , maybe that's another macrotrader
    15 Jul, 07:42 PM Reply Like
  • Fear & Greed Trader
    , contributor
    Comments (4974) | Send Message
     
    Mac,

     

    what is this obsession you have with me or anyone else loading up with momo names ?

     

    I have no interest in those names and never spoke about or recommended them . you seem to think i have endorsed them

     

    Your bearish "market" calls and view is 180 degrees from mine

     

    Do I go around saying you should short (NASDAQ:AAPL),(NASDAQ:GILD) ,(NASDAQ:MU) or others.. , even though YOU absolutely trashed (MU) @22--- it's 34

     

    lets revisit your comments made here on the financials that you trashed and told us they were dead
    (NYSE:GS) 158 -- now 169 (NYSE:JPM) 54 now 58 , (NYSE:BAC) 14.70 now 15.80....

     

    all are hardly "finished" since that proclamation ......

     

    get over it -- your bearish calls have been horrific -- you now suggest THIS time will be different

     

    BAL-- ON-- EY
    15 Jul, 07:31 PM Reply Like
  • Robert Duval
    , contributor
    Comments (3799) | Send Message
     
    Fear,

     

    If my calls are so horrible, put your money where your mouth is, and buy my shorts. Take the other side.

     

    That's what I used to do when people got mouthy in the pits. Tell them, make the trade or shut up.
    15 Jul, 07:37 PM Reply Like
  • BlueSkyForever
    , contributor
    Comments (1606) | Send Message
     
    Why? Why should anyone do or not do something based on your posts or anyone's posts here?? We are just exchanging ideas, nothing more. It's the responsibility of the individual to do their research, then make a trade.

     

    I certainly don't expect anyone to make investing decisions based on what I'm doing.

     

    Let people decide for themselves.

     

    By the way, this isn't an arm wrestling competition, or a football match. Or a sword fight....

     

    As always, I don't understand male machismo. It's so stupid!
    16 Jul, 10:14 AM Reply Like
  • Fear & Greed Trader
    , contributor
    Comments (4974) | Send Message
     
    Mac

     

    Do I go around saying you should short (NASDAQ:AAPL),(NASDAQ:... ,(NASDAQ:MU) or others.. , even though YOU absolutely trashed (MU) @22--- it's 34

     

    lets revisit your comments made here on the financials that you trashed and told us they were dead
    (NYSE:GS) 158 -- now 169 (NYSE:JPM) 54 now 58 , (NYSE:BAC) 14.70 now 15.80....

     

    all are hardly "finished" since that proclamation ......
    16 Jul, 11:12 AM Reply Like
  • Fear & Greed Trader
    , contributor
    Comments (4974) | Send Message
     
    Blue,

     

    It would never get to this level if Mr Mac would just read my replies ..

     

    once again ..
    "Do I go around saying you should short (NASDAQ:AAPL),(NASDAQ:... ,(NASDAQ:MU) or others.. , even though YOU absolutely trashed (MU) @22--- it's 34 ""

     

    i said nothing of the sort ---

     

    But It's insisted that I take the other side ..
    16 Jul, 11:16 AM Reply Like
  • Robert Duval
    , contributor
    Comments (3799) | Send Message
     
    Fear;

     

    Why don't you listen to Stanley Druckenmiller. He's made a few dollars investing. Is saying exactly what I've been saying.
    16 Jul, 12:20 PM Reply Like
  • BlueSkyForever
    , contributor
    Comments (1606) | Send Message
     
    M, you are right. Some stocks are overvalued and deserve to be trounced, until they show some earnings or other positive news, like a good trial testing outcome for a new drug. Some stocks are total frauds.

     

    I look at a company's real earnings, and future earning prospects before investing.

     

    The fact is, I'm long. Always. Until it makes sense to me to sell. Just because a few mo-mo stocks are getting corrected, I will not bail out on all my positions. As I've said ad nauseum the overall value of my portfolio is not nearly as important to me as the incoming dividends. I live for buying stocks at beaten up prices, so that I can get more dividends. Yes it is boring, but profitable. Especially for the mega long term. Even this year, my portfolios are making money. And I sleep well at night.

     

    Yellen & others cause certain stocks to move every day. If Buffet or some of the other big investors say they bought a stock.....look what happens. Same thing when some say sell. As an experienced investor, I don't let what they say sway me. I'm looking at earnings, future earnings, how good a business it really is. The fact is, a crazy stock like (NYSE:YELP) does not interest me. I'm just noting the news of the day....that Yellen did cause some sparks. Now, most experienced investors already know that a stock like (YELP) is very volatile.

     

    You are a shorter. No problem! You stay in your lane, & I'll stay in mine.
    16 Jul, 10:11 AM Reply Like
  • Land of Milk and Honey
    , contributor
    Comments (4049) | Send Message
     
    Author’s reply » .

     

    Trading and investing are such different worlds.

     

    Is there a particular stock you want to discuss in detail? I'd enjoy hearing the fundamentals and technicals on any of them.

     

    I've gotten wonder why Yellen was naysaying any stocks. Theyve been holding up the ralllies. This time she's trying to take an edge off the rally in particular classes?
    16 Jul, 11:44 AM Reply Like
  • Fear & Greed Trader
    , contributor
    Comments (4974) | Send Message
     
    L,

     

    If your question was intended for everyone -

     

    I mentioned (NYSE:CPA) the commentary is here

     

    http://seekingalpha.co...

     

    I also like (NYSE:AAP) with a bit of a pullback

     

    commentary here
    http://seekingalpha.co...

     

    (NASDAQ:GILD) is down $3 today ---whether its caught up in the 'stretched" comments of Yellen or just due for a pullback .

     

    its inexpensive and is not a "bubble" biotech
    commentary here..
    http://seekingalpha.co...

     

    I liked a basket of the old tech stocks and mentioned those names (NASDAQ:INTC) (NASDAQ:MSFT) & (NASDAQ:CSCO) and all are out of the gate and moving to new highs.. each has a 'Story" and i dont believe they are done..INTC & MSFT have broken out of 10 yr basing patterns .. that is bullish .. & they pay nice dividends..

     

    Nothing wrong with the banks selling below book, the gov. shakedown with the fines may be over.. and its back to business. -- (NYSE:JPM) pays a nice div to boot

     

    (NYSE:LAZ) has more to go , (NASDAQ:MU) has 40 written all over it .. (NASDAQ:AAPL) looks like it will trade with 3 digits and test the old highs.. its almost there ..

     

    plenty of opportunity - still in this market..

     

    don't forget the oils that just pulled back .... the E & P companies in the US are secular bull stories in themselves..
    the growth that we will see in their cash flows even as Oil prices moderate is phenomenal ....

     

    of Course, Pullbacks can be expected at any time , and presents opportunity .. --- Scale in to positions ....
    16 Jul, 12:27 PM Reply Like
  • User 7415181
    , contributor
    Comments (703) | Send Message
     
    Completely anecdotal on my part and just a personal rant, but I will never do business with BAC after this am.

     

    I sold off a good amount of exercise equipment this morning prior to moving as I'm damned if I'm going to move that stuff again when just a few weights will get the job done. I got a check. I went by a Bank 'o A to cash it.

     

    They would not cash it in the drivethrough - I had to go inside. I was then charged $6 for the privilege of cashing a check with their name on it. Unless I wanted to open an account with them. Really? That's how you attract new customers?

     

    I thought that mess of the bs fees and such went out a few years after 2009-10? I know my mother cancelled a Suntrust account after they added some bs fee to it. Woman cancelled a BB&T account after some bs fees and double charging. Around the turn of the century my dad tried to make a deposit at BAC and the cashier screwed up a decimal and it took two weeks for them to fix it (that was when I first became leary of that bank - I forget if it was a deposit or withdrawal, but $5000 turned into $500).

     

    I have stuck with my tiny regional bank for ten years now, even after moving a hundred miles away. Never had a bs fee.

     

    I understand that jumbo banks make relatively little off of checking and savings accounts, but am I the last person that will say fu to a business that pisses me off? And I don't mean just shopping - I won't even buy stock in a business that I've had a bad experience with.

     

    Sorry if I've offended anyone with a position in this company - I was just kind of appalled that was still going on.

     

    Rant off.
    16 Jul, 01:53 PM Reply Like
  • JohnBinTN
    , contributor
    Comments (3716) | Send Message
     
    User-

     

    The "cash the check" fee is pretty standard. I always deposit checks into my own account to avoid said fee.

     

    I think the only stupid fee my bank charges is a $5.00/month service charge on checking, which gets refunded due to direct deposit.

     

    Regardless of how much they make on deposit accounts, it's just "not right" to charge a person to hold onto their money. They will not, afterall, let me hold on to THEIR money and send them a bill for the service. :)
    16 Jul, 02:58 PM Reply Like
  • Land of Milk and Honey
    , contributor
    Comments (4049) | Send Message
     
    Author’s reply » User7

     

    I had a similar experience - not sure which bank but may have been (NYSE:BAC). I wound up telling another frustrated customer to check out credit unions. His eyes opened wide. When I've rented, or when selling things (like a car), I'd take the check to it's bank of origin. ...and they wouldn't cash, or would charge a large fee, even though they can check that the money is there in their customer's account. I once even thought about opening an account to get the checks into it. But by then I was way to annoyed even if I planned to close soon afterward. There was one renter that I did open an account at his bank, and gave authorization - when he came in to cash his paycheck, he could immediately deposit some into my account. ...amazingly it worked. He was on time for a year or so after that.
    17 Jul, 10:41 AM Reply Like
  • Fear & Greed Trader
    , contributor
    Comments (4974) | Send Message
     
    User,

     

    I can feel your frustration,, as I said in an earlier comment it's hard to find many that are in love with the large cap banks..

     

    However, I can relate this story to the same issues with those that often complain to me about gas prices.. My reply-- buy stock in (NYSE:XOM), (NYSE:CVX) or another big oil co. , the dividends alone will pay for the next increase at the pump.. not to mention the appreciation...

     

    It might be the same with a any of the hated large cap banks..

     

    :)

     

    Best of Luck !!
    16 Jul, 03:06 PM Reply Like
  • User 7415181
    , contributor
    Comments (703) | Send Message
     
    F&G,

     

    I get you on gas. But a good portion of the gas prices has to do with govt. regs and refining and transport, right? So I can't blame those companies too much.

     

    But you got someone like me who doesn't care about BAC one way or the other until I try to cash one of their customer's checks at their bank. I got smirked at.

     

    I got irritated at WalMart a couple of years ago so I started shopping at Costco and Kroger. For all the cashier, sorry, "banker", knew, I could have been a potential client for a mortgage down the road.

     

    JBT,

     

    Screw it. I'm starting the Occupy Wall Street protests up again.
    16 Jul, 04:10 PM Reply Like
  • JohnBinTN
    , contributor
    Comments (3716) | Send Message
     
    User,

     

    Please do not defecate on the automobiles, and please keep the molestations to a minimum. Thanks. ;)
    16 Jul, 04:58 PM Reply Like
  • Fear & Greed Trader
    , contributor
    Comments (4974) | Send Message
     
    User,

     

    i guess i was referring to the crowd that says the oil companies are gouging us .. irrespective of the govt gas taxes

     

    :)
    16 Jul, 04:12 PM Reply Like
  • Fear & Greed Trader
    , contributor
    Comments (4974) | Send Message
     
    Dow 30 all time high today now confirms the new high set in the Dow transports this week

     

    another dow theory buy signal..
    16 Jul, 04:14 PM Reply Like
  • Fear & Greed Trader
    , contributor
    Comments (4974) | Send Message
     
    Opportunity ?

     

    (NYSE:LVS) down in the after hours session after earnings..

     

    company missed earnings est. ( remember these are analysts estimates.. ) but delivered record revenue , and EPS increased 30% ..

     

    Will wait for Conf call , but it appears to be a knee jerk reaction over a "miss" ....
    16 Jul, 04:45 PM Reply Like
  • Fear & Greed Trader
    , contributor
    Comments (4974) | Send Message
     
    Sometimes when the naysayers thinks the "odds" are in their favor

     

    a report like this comes out

     

    http://bit.ly/1oJwkAi

     

    i admit that is very interesting indeed.
    16 Jul, 06:18 PM Reply Like
  • Land of Milk and Honey
    , contributor
    Comments (4049) | Send Message
     
    Author’s reply » FG

     

    Thanks for the ideas on (NYSE:LVS), (NASDAQ:GILD), (NYSE:LAZ) and all the others! They're just going to have to stay in buy territory until the weekend when I'll have more time to investigate. Anyone else buying any of them?

     

    (NASDAQ:MU) slipped a lot on margin changes/competition. Still look like a good chance to pick it up ... or will be stay stuck for a while? It's not dividend paying.
    17 Jul, 10:33 AM Reply Like
  • Fear & Greed Trader
    , contributor
    Comments (4974) | Send Message
     
    L,

     

    let's connect the dots -- (NYSE:MS) reported a strong quarter , due to M & A and their wealth mgmn't division... unless (NYSE:LAZ) has not executed this quarter or they were operating on a diff. planet they should also report a good quarter.. they pay a div and on weakness is a candidate for purchase.....

     

    (NASDAQ:MU) down in sympathy from (NASDAQ:SNDK) earnings , SNDK quarter was very good but not good enough --
    their story has not changed -- weakness in MU presents an opportunity and now (SNDK) has entered my radar screen.. does it matter if it is stuck for a while .... that is trader mentality ------ its at its 20 day MA and could trade down to its 50 day MA $2 lower from here.. what will it be 6 months from now........

     

    this is the time to take advantage of FEAR , while we SURELY will get more nervousness and weakness - the events of today in Ukraine and Gaza , et al are noise and will go away .. that
    is to be taken advantage of --- similar to all of the other "events" that have presented themselves throughout this bull market..

     

    IF earnings continue to impress , as i believe they will,,, this is nothing more than the knee jerk reaction from traders..

     

    Case in point (NYSE:LVS) reported a great quarter , but was "highlighted as miss' , given the market weakness the stock was down .44 .. hardly a disaster..

     

    (NYSE:CPA) mentioned here as a breakout - ,, the market was down 1% the airline index was down 3% CPA was in the green today UP .56

     

    These indicators are telling ------

     

    (NYSE:AAP) is near support after the same type of breakout witnessed in CPA..

     

    listening to the Noise and rhetoric we will see in the coming weeks may take the market down BUT in my view these events DO NOT change the market trend from BUll to bear.. period..
    In my opinion investment decisions should be made with a mindset and backdrop of a secular bull market..

     

    I suggest one pick their spots and scale into positions.. these stocks will be higher 6,9 and 12 months down the road as their fundamentals are solid .... and an airplane being shot down and the gaza stuff that has been going on for 100 years will not make a diff. in the long run.. and these events DON'T end bull markets...

     

    best of luck !!
    17 Jul, 05:56 PM Reply Like
  • dancing diva
    , contributor
    Comments (2539) | Send Message
     
    Consider Baxter. It reported good results this morning, is trading at a below market multiple, pays a good dividend and is breaking out of a long term sideways pattern. I'd buy some here ($77) and add if it corrects. I've linked a long term weekly chart of Bax relative to the SPX.

     

    http://bit.ly/Ue8xQZ
    17 Jul, 01:25 PM Reply Like
  • Land of Milk and Honey
    , contributor
    Comments (4049) | Send Message
     
    Author’s reply » -

     

    Hey! I just got back in after a long day. ...I was expecting a lot more noise on here, about all the noise! I only heard the news an hour or so ago. Very sad.

     

    Anyone else in (NYSE:BAX) or thoughts on it?
    17 Jul, 08:15 PM Reply Like
  • Robert Duval
    , contributor
    Comments (3799) | Send Message
     
    I'm traveling so will be brief, I continue to be short full positions in @ 9 social media and momentum names, along with IWM via puts, and the positions are starting to really go for fair.

     

    No interest really in covering, I see much lower prices for IWM and related stocks as the recent hot money derisks.

     

    Btw the news today has nothing, absolutely zero, to do with today's sell off. The market, especially the speculative sectors, is primed to go lower, IMO, at least for the intermediate term.

     

    One can debate long term, I'm an intermediate term trader.
    17 Jul, 08:51 PM Reply Like
  • Tack
    , contributor
    Comments (13264) | Send Message
     
    "Btw the news today has nothing, absolutely zero, to do with today's sell off. "

     

    Yes, panicky market sell-offs and VIX spikes always follow major positive reports from banks.

     

    But, regardless, you'll make a few bucks on your shorts unless you let them sit too long.

     

    (Don't forget to send Mr. Putin a thank-you note while you're on the road.)
    17 Jul, 09:03 PM Reply Like
  • Land of Milk and Honey
    , contributor
    Comments (4049) | Send Message
     
    Author’s reply » .

     

    It's the usual combo... something's ready to move... so a news piece triggers it...

     

    seems to me.
    17 Jul, 09:23 PM Reply Like
  • Fear & Greed Trader
    , contributor
    Comments (4974) | Send Message
     
    T,
    scratching my head , rolling my eyes..

     

    :)
    18 Jul, 08:44 AM Reply Like
  • Robert Duval
    , contributor
    Comments (3799) | Send Message
     
    You define panic as a lousy 100 Dow points?

     

    We define panic quite differently.
    17 Jul, 10:09 PM Reply Like
  • Tack
    , contributor
    Comments (13264) | Send Message
     
    M:

     

    Substitute any adjective that makes you happy. The broad sell-off was news driven, not an extension of your mo-mo shorts.

     

    You might not want to stay on the road too long. The SPX futures were down double digits again not long after the close, on more Gaza news. Now, they're back to -1.75. The hysteria might be short-lived once again.
    17 Jul, 10:14 PM Reply Like
  • Robert Duval
    , contributor
    Comments (3799) | Send Message
     
    T,

     

    Won't affect my short positions, likely. They are totally breaking down.

     

    Notice junk bonds again today? You think smart investors would dump high yeild bonds on Gaza?

     

    Panic at this Dow level, would be maybe 500 dow points. 100 points is nothing.
    17 Jul, 10:17 PM Reply Like
  • dancing diva
    , contributor
    Comments (2539) | Send Message
     
    M - I'd be careful about drawing any inferences regarding jnk or hyg to the broad market - especially since volume wasn't huge and there was no good reason for it. I used to trade those; they can get volatile without implications to the S&P. And note hyg closed about 50 points below its NAV (the jnk nav won't be available until tomorrow, at the earliest) so it looks like today's breakdown was overdone.
    17 Jul, 11:31 PM Reply Like
  • Fear & Greed Trader
    , contributor
    Comments (4974) | Send Message
     
    DD,

     

    "I'd be careful about drawing any inferences regarding jnk or hyg to the broad market -"

     

    a voice of reason -----thanks

     

    :)
    18 Jul, 08:45 AM Reply Like
  • Land of Milk and Honey
    , contributor
    Comments (4049) | Send Message
     
    Author’s reply » .

     

    I've got an afternoon to buckle down and do some research ... and happily, great weather to sit outside at the same time. Lol.

     

    Anyone do well picking up stuff in the last couple days?
    18 Jul, 03:02 PM Reply Like
  • User 7415181
    , contributor
    Comments (703) | Send Message
     
    Not me. Had to move a good amount to cash because we're moving so any new investments are on hold until we get relocated. Am currently smoking five pounds of chicken with mesquite which will get diced and turned into chicken burritos tonight. Many will go to work with me tomorrow as I've discovered that if I'm generous about bringing in food I'm more likely to get sent home early. :)
    18 Jul, 03:07 PM Reply Like
  • Land of Milk and Honey
    , contributor
    Comments (4049) | Send Message
     
    Author’s reply » . U7

     

    Lol, "more likely to get sent home early"... always great! Not sure how bringing food gets you home, but if it works :).

     

    Good luck with the moving process. ...if you spot any good moving investments (companies, products)... do share :).
    18 Jul, 03:17 PM Reply Like
  • JohnBinTN
    , contributor
    Comments (3716) | Send Message
     
    L,

     

    Added to (NYSE:LMT) @ 162.15 and (NYSE:XOM) @ 103.22. Div re-invest on (NASDAQ:LNCO) @ 30.24.

     

    I'll let you know if I did "well" in a couple/few years. ;)
    18 Jul, 03:32 PM Reply Like
  • User 7415181
    , contributor
    Comments (703) | Send Message
     
    LMH,

     

    Satiated boss = happy boss = sleepy boss = more amenable to a request from an employee to go home early when the patient census is low. Similar formula for co-workers who otherwise might be jealous the same employee gets sent home early fairly often. :)
    18 Jul, 03:58 PM Reply Like
  • Land of Milk and Honey
    , contributor
    Comments (4049) | Send Message
     
    Author’s reply » . U7

     

    Now I get it :). That really is too funny. I've never had food do much for me at work, except get people to come pester me.
    18 Jul, 05:19 PM Reply Like
  • Land of Milk and Honey
    , contributor
    Comments (4049) | Send Message
     
    Author’s reply » . JBT

     

    Hey by then we may both be happy with LINE/LNCO. :)
    18 Jul, 05:25 PM Reply Like
  • JohnBinTN
    , contributor
    Comments (3716) | Send Message
     
    When I used to work at the corporate HQ for a (at the time) publicly traded company, food was all it was about. Always a breakfast being brought in, and usually at least one (sometimes more) lunch to be had somewhere.

     

    I always wanted to get a peek at some expense records, but I didn't want to get fired, so I ate the free food and minded my P's & Q's. ;)
    18 Jul, 05:28 PM Reply Like
  • Land of Milk and Honey
    , contributor
    Comments (4049) | Send Message
     
    Author’s reply » . U7

     

    Any chance your move involves a change of work? Something that'd make you snoopy dancing?
    19 Jul, 03:53 PM Reply Like
  • User 7415181
    , contributor
    Comments (703) | Send Message
     
    No, unfortunately.
    19 Jul, 07:02 PM Reply Like
  • Land of Milk and Honey
    , contributor
    Comments (4049) | Send Message
     
    Author’s reply » .

     

    So far (NYSE:BAX) looks good on fundamentals. Still looking. Has a dividend, 2.8%. Increased last 8 yrs, paid for 40 or something.

     

    Of course if I'd bought (NASDAQ:GILD) the other day when FG pointed out it's pull back, that'd be nice too (^5% today). No div though on that to cover for errors.

     

    I'm still trying to figure out how to feel diversified on a small enough number of stocks to keep track of them. Even 50 wouldn't cover all the diverse sectors, and surely I'd not track that many well.
    18 Jul, 04:24 PM Reply Like
  • Fear & Greed Trader
    , contributor
    Comments (4974) | Send Message
     
    L,

     

    i was happy to see that quick bounce back from (NASDAQ:GILD) i guess investors realized that it isn't a small biotech with no earnings -- so it didnt belong in the "yellen" stretched category of names..

     

    (NYSE:AAP) seems poised to continue its breakout, it has a similar chart to (NYSE:CPA) which had a great week..
    http://seekingalpha.co...

     

    (NYSE:LVS) is also at the top of my list now -- a 2.7% yield and their was nothing wrong with the latest earnings...

     

    Japan could be the next catalyst for them
    http://seekingalpha.co...
    18 Jul, 04:52 PM Reply Like
  • BlueSkyForever
    , contributor
    Comments (1606) | Send Message
     
    F&G, more good news for (NASDAQ:GILD)

     

    http://seekingalpha.co...
    20 Jul, 01:07 PM Reply Like
  • Fear & Greed Trader
    , contributor
    Comments (4974) | Send Message
     
    L,

     

    I know South manages a large amount of individual names,, My personal equity portfolio has 24 stocks.. that's about 'right " for me ..

     

    Guess it depends on the individual and the time one can allocate to their investments..
    18 Jul, 04:44 PM Reply Like
  • Land of Milk and Honey
    , contributor
    Comments (4049) | Send Message
     
    Author’s reply » . FG

     

    What subsectors are represented in your 24 stocks? A big question - so if you have time. SG has around 400 I think he said. Maybe not all at the same time?
    18 Jul, 05:18 PM Reply Like
  • Fear & Greed Trader
    , contributor
    Comments (4974) | Send Message
     
    L,

     

    Subsectors ?- do u mean airlines as a subsector of industrials

     

    if so i have exposure to
    Biotech as a sub of healthcare

     

    chemicals as a sub of materials

     

    semiconductors sub of tech

     

    Oil services , U.S. E & P , Multinationals as subs of energy

     

    Metals sub of materials

     

    social media , software, hardware as subs of tech

     

    think that covers the subsectors..

     

    presently overweight Energy & Technology
    18 Jul, 08:48 PM Reply Like
  • Land of Milk and Honey
    , contributor
    Comments (4049) | Send Message
     
    Author’s reply » FG

     

    Thanks! So it looks like you look at the sector to see if you're weighted or diverse... and don't worry about getting fairly diverse between a lot of subsectors.

     

    I look and think, how can I possibly have enough to be in lots of (all the) market niches? Also, I look at stocks in each one and think, whooo that's a good industry to not get left out of...
    Tech old developed - IBM, CSCO
    Tech new upcoming -
    Tech social media -
    Tech hardware - MU
    Then healthcare there's all the bits like nursing homes, medical care, medical equip, insurance, drugs big, drugs new development...
    and so on through all the many industries.
    Then there's preferreds vs common vs bonds.

     

    I am curious how folks decide on this. Which ones to focus on.
    19 Jul, 02:40 PM Reply Like
  • Fear & Greed Trader
    , contributor
    Comments (4974) | Send Message
     
    L,
    I dont believe its necessary to try & cover all of the bases when initially putting together a portfolio,, Sure you want diversity - but putting the best stocks that are avail to you now in your price range is better than trying to "force" the issue and pick a name to fill a spot , just because its in a particular sector..

     

    Keep diversity in mind and always check your allocations to sectors as you add stocks , and over time you will have achieved the goal ....
    19 Jul, 06:00 PM Reply Like
  • Land of Milk and Honey
    , contributor
    Comments (4049) | Send Message
     
    Author’s reply » . BSF

     

    Since you switched to individual shares, how have you handled this topic?
    20 Jul, 01:23 PM Reply Like
  • Land of Milk and Honey
    , contributor
    Comments (4049) | Send Message
     
    Author’s reply » FG

     

    Makes good sense -- by now I've learned from you all to only buy good ideas :). I'd started looking at my final porfolio layout goals... and that's when this came to mind. I couldn't see having enough stocks to get all that diverse when looking at subsectors, not just sectors. So just wondering what other's thoughts were for their own portfolios.
    20 Jul, 01:40 PM Reply Like
  • BlueSkyForever
    , contributor
    Comments (1606) | Send Message
     
    L, I'm very diversified; a little light in some sectors like big banks. Consumer staples, consumer discretionary, tech, healthcare, biotech, aviation, defense aviation, utilities, Industrial, Reits, BDCs, MPLs, Private equity....and so on.

     

    I remember a long post from a while ago where I even put what stocks I have in each sector. So if anyone is interested (probably not....) you can search my comments on my profile. : )
    21 Jul, 04:07 PM Reply Like
  • South Gent
    , contributor
    Comments (3065) | Send Message
     
    I have owned Baxter (NYSE:BAX). My last buy was in early 2012 at $49.79:

     

    http://bit.ly/1qPq90n

     

    One of the important risks is discussed in this Motley Fool article and involves Biogen's newly approved hemophilia drug Eloctate that will take market share away from Baxter's Advate:

     

    http://bit.ly/1qPq90p

     

    There have been periods, as shown by a five year BAX chart, where the stock was hit pretty hard. It has not moved up anywhere near as much as the S & P 500 over the last five years, which I would view as a plus now:

     

    http://yhoo.it/1qPq90r;range=5y

     

    Sometimes, the price downdraft is due to a faulty product like the expensive recall of the Colleague infusion pump.

     

    Baxter to Recall COLLEAGUE Infusion Pumps in U.S.: 2010
    http://bit.ly/1qPq6BG

     

    I generally prefer companies where there are fewer potential problems. I did buy the ADR shares of Nestle (OTCPK:NSRGY) last week. I do consume a number of their products. The price is a bit expensive for me so I only bought 50 shares and will average down if given the opportunity. The P/E on estimated 2014 earnings is 19.15 and 17.52 on estimated 2015 earnings. The later is okay in my opinion for such a quality company with a consistent earnings history and financial heft.

     

    While the ADR is priced in USDs, the price will reflect the ordinary share price in Swiss Francs converted into USDs, so I am exposed to the CHF/USD exchange rate which is fine with me. I want exposure to more assets priced in Swiss Francs. I also own Novartis (NYSE:NVS).

     

    Nestle has a long history of growing its dividend. The following amounts are in CHF's and constitute an annual dividend per ordinary share

     

    (1 ADR=1 ordinary)

     

    .25 in 1993
    1.04 in 2006
    2.15 in 2013
    http://bit.ly/WDDGeq

     

    2014 1st quarter report:

     

    http://bit.ly/1qPq9gG

     

    ADR Closed Today at USD$77.09

     

    The ordinary shares closed earlier in the day at CHF 69:
    http://yhoo.it/1qPq9gH

     

    CHF 69=About $79.80

     

    http://yhoo.it/14CU2Yq;_ylt=AjXxUIxjHZYPiBea...

     

    The USD priced shares moved slightly higher after the Swiss exchange closed for trading.

     

    The Swiss Franc is being kept range bound by the Swiss Central Bank who was not happy with the strength of the Franc against the Euro and USD back in 2011 and consequently sold Francs to buy those currencies. You can see when this intervention started in 2011 by looking at a five year chart of the CHF/USD:

     

    http://yhoo.it/1qPq6BK;range=5y

     

    When and if that intervention ceases, I would expect the Swiss Franc to rise against the USD which would be a positive for the price of a Swiss firm's ADR priced in USDs.

     

    I am probably close to a $40,000 pare in my stock allocation based on a number of recent sells. I do not see any reason to take more risks in either bonds or stocks at the present time given my performance numbers for the year with a 20%+ and rising cash allocation. I will publish a snapshot of Fidelity's calculations YTD through 6/30/14 tomorrow:

     

    4 accounts: +8.42%/+12.7%/+8.45%/+...

     

    I quit paring my bond/preferred stock allocation late last week and initiated a small position, as a probable trade, in the leveraged bond CEF HYB late today.

     

    CEFConnect:
    http://bit.ly/1qPq6BM

     

    18 Jul, 07:29 PM Reply Like
  • Land of Milk and Honey
    , contributor
    Comments (4049) | Send Message
     
    Author’s reply » . SG

     

    Well that cut to the cash on a few key ideas on (NYSE:BAX). Nestle has similar P/E to (BAX), so that answers my question on whether those could be considered in range. Since i haven't done ADR, I'd hesitate to dip my toes into those, so loses some of it's luster in US dollars (sounds like.)

     

    On Nestle, what I've learned recently was the history of chocolate. Did you know all these big company names (Hershey, Lindt, etc..) contributed a development invention to the chocolate process? One separated out cocoa butter which allowed for making a solid mixture. Another invented an automated way to crush the beans open, which was too labor intensive for it to be eaten by regular folk. All super investments a few hundred years ago.

     

    Is Hershey still reflecting the US economy, like it's been said to do?
    18 Jul, 07:45 PM Reply Like
  • South Gent
    , contributor
    Comments (3065) | Send Message
     
    LMH: Nestle's chocolate business is not that important anymore.

     

    Lindt is also a Swiss company and is one of the top ten holdings of the Swiss Helvetia fund (NYSE:SWZ) which I own (now around 700 shares after adding 100 last week).

     

    SWZ Website:
    http://www.swzfund.com

     

    The Lindt share price has done well over the years and that company is in the process of buying Russell Stover here in the U.S.

     

    http://yhoo.it/1qPuGzJ;range=my

     

    Nestle's products include NESCAFE, Nestle Pure Life Water, Perrier, Purina, Lean Cuisine and Stouffer's, Hot Pockets, Boost, Carnation Brand Products, Ice Cream (Dreyer's, Nestle and Edy's), Gerber, Butterfinger, Nestle Crunch, etc)

     

    The price of any ADR will reflect the ordinary share price converted from the host currency into USDs.

     

    For the past three years, the Swiss Franc has been manipulated down in price and into a narrow range vs. the USD by the Swiss Central Bank. As long as that continues, there will probably not be much change in the ADR price due to currency exchange. If that intervention stops, I would expect the Swiss Franc to rise in value against the USD which would be a positive for the ADR priced in USDs and the dividend would buy more USDs and be worth more too.

     

    As with any multinational, there will be a host of currency issues based on operations outside the host country.
    18 Jul, 08:12 PM Reply Like
  • Land of Milk and Honey
    , contributor
    Comments (4049) | Send Message
     
    Author’s reply » Typo alert - "cut to the chase" not "to the cash."
    19 Jul, 02:31 PM Reply Like
  • Land of Milk and Honey
    , contributor
    Comments (4049) | Send Message
     
    Author’s reply » SG

     

    I know on the big companies their original product is small potatoes for them :). I found it surprising that all these big chocolate names, were in reality, individuals who'd invented something very unique & scientific... I always assumed they were just good marketers.

     

    What you're saying makes sense about ADRs. Like the usual wisdom - foreign investments are as much about political / ecnomic policy as about the company...
    20 Jul, 01:29 PM Reply Like
  • BlueSkyForever
    , contributor
    Comments (1606) | Send Message
     
    Hmmm not sure if Hershey's still reflects the overall economy....some used to use it as such. It's been down lately, with chocolate prices higher.

     

    Here's another one - Six Flags. The stock is down, lower attendance at their parks reported today.

     

    Could be the average family is feeling the pinch. Or, they are lightening up on the chocolate candies & not going to Six Flags as much.

     

    The healthy craze continues....nobody smokes, drinks Coke (not even diet coke!), eats the do-nuts, and apparently fear roller coaster rides.

     

    Life just isn't fun anymore ; )

     

    ****By the way, my lame attempt at sarcasm.

     

    My dream is to eat (NYSE:KKD) (NASDAQ:DNKN) drink (NYSE:KO) smoke those (NYSE:MO) and get on a roller coaster before kicking the ol' bucket.
    21 Jul, 04:12 PM Reply Like
  • Fear & Greed Trader
    , contributor
    Comments (4974) | Send Message
     
    Blue,,

     

    LOl-- good for you !! :)
    21 Jul, 06:31 PM Reply Like
  • Land of Milk and Honey
    , contributor
    Comments (4049) | Send Message
     
    Author’s reply » .

     

    Anyone know what "diluted" net income is? And "diluted" number of common shares outstanding? Vs. basic net income and number of shares. ...they add water and stir?

     

    http://bit.ly/1mZf3qj
    18 Jul, 10:45 PM Reply Like
  • Land of Milk and Honey
    , contributor
    Comments (4049) | Send Message
     
    Author’s reply » .

     

    Found the answer further down. Basically it's stock options, and a bunch of stock possibilities with alphabet soup terms.

     

    "The numerator for both basic and diluted earnings per share (NYSEARCA:EPS) is net income. The denominator for basic EPS is the weighted-average number of common shares outstanding during the period.

     

    The dilutive effect of outstanding stock options, restricted stock units (RSUs) and performance share units (PSUs) is reflected in the denominator for diluted EPS using the treasury stock method. "

     

    Something I'll only worry about if it's an ungainly number for the particular stock...

     

    Does effect earnings per share by .01
    18 Jul, 11:51 PM Reply Like
  • BlueSkyForever
    , contributor
    Comments (1606) | Send Message
     
    L, stock options are not good for investors. Back in the bad old days of Lucent, stock options were handed out like candy. I don't think the company was correctly reporting the stock options numbers....or the threat they were to diluting the future value of Lucent stock, when employees would cash them in.....it took 5 years to fully vest the stock options, so there was that to consider, plus how many were being handed out. I'm talking about pre 2001 time frame.

     

    Well we all know what happened to Lucent. There were accounting irregularities galore, the stock tanked, and millions of people lost a ton of $. Personally, IMO the CEO at the time should have gone to jail.

     

    Anyhow, if a company is handing out too many stock options, then that's a huge red flag to me. Personally, I would rather not invest in a company that has stock options. Or even ever had stock options. We know that many start ups give out stock options rather than pay to employees, so there is that to consider when you are investing in an IPO.

     

    What company are you talking about?

     

    Lucent is now Alcatel. It still has not been able to make a profit, and the stock is under $5. Keep in mind before becoming Alcatel, Lucent had reverse stock splits. Like 15 shares became 1....so that current price is really pennies....for anyone still holding old stock options. What a worthless company....IMO!

     

    Among the many reasons Lucent blew up, too many stock options were part of it.
    20 Jul, 12:53 PM Reply Like
  • Land of Milk and Honey
    , contributor
    Comments (4049) | Send Message
     
    Author’s reply » . BSF

     

    It's (NYSE:BAX) I was reading through. Seems to me, most of these big companies hand out at least some stock options to their CEOs & higher ups?
    20 Jul, 01:23 PM Reply Like
  • BlueSkyForever
    , contributor
    Comments (1606) | Send Message
     
    Maybe so, but I still detest stock options.

     

    Personal bias....with good reason : )
    21 Jul, 04:14 PM Reply Like
  • dancing diva
    , contributor
    Comments (2539) | Send Message
     
    LMH - I wouldn't be concerned about stock options - just watch whether the number of shares are rising or falling over the years. Also be concerned about big stock buybacks over the years that don't reduce the share count - as in brcm. That is your money not well spent.

     

    Stock options are handed over to directors, middle and upper level mgmt, as enticements for joining the company (like a signing bonus), etc. Don't focus on the trees; look at the forest.
    21 Jul, 11:09 PM Reply Like
  • Land of Milk and Honey
    , contributor
    Comments (4049) | Send Message
     
    Author’s reply » .

     

    Thanks, DD! That's exactly what I'm trying to figure out -- what are trees and what are forests. This seemed like a small enough % not to worry about.

     

    The investigations at that one plant had me wondering about the quality of management. Tey've had trouble before, but in early 2000s so by now management should have changed a bit, & that woudln't be a worry. The investigations are current.
    22 Jul, 05:46 PM Reply Like
  • Land of Milk and Honey
    , contributor
    Comments (4049) | Send Message
     
    Author’s reply » .

     

    Is it pretty typical for a large cap to have a bunch of open investigations happening into their "quality and manufacturing practices" at a plant or two? Is it a bit unusual, a factor to consider?
    19 Jul, 02:00 PM Reply Like
  • BlueSkyForever
    , contributor
    Comments (1606) | Send Message
     
    Nope. Not if it's a quality company. JMHO.
    20 Jul, 12:53 PM Reply Like
  • Land of Milk and Honey
    , contributor
    Comments (4049) | Send Message
     
    Author’s reply » BSF

     

    Nope doesn't happen if it's quality? Or nope, if it's quality, it's nothing to worry about?
    20 Jul, 01:21 PM Reply Like
  • BlueSkyForever
    , contributor
    Comments (1606) | Send Message
     
    What quality? Quality means they don't get into that sh*t. What company are you researching? ....I know zippo about Baxter.
    21 Jul, 04:15 PM Reply Like
  • South Gent
    , contributor
    Comments (3065) | Send Message
     
    One of my owned regional banks (NASDAQ:HBAN) rose 4.84% last Friday after reporting earnings. While the bank beat the consensus E.P.S. estimate by 1 cent, I would attribute the stock rise more to the healthy increase in loans. Since Huntington is a large regional bank based in Ohio, this is a generally noteworthy development for those who have no interest in this stock.

     

    Auto loans increased 39% Y-O-Y and total loans grew by 9%. Total loans increased by $3.7B with commercial & industrial loans up $1.2B.

     

    http://1.usa.gov/1n4ltUE

     

    Chart of Commercial and Industrial Loans, All Commercial Banks (1947-June 2014)
    http://bit.ly/11Q0M1C
    19 Jul, 06:42 PM Reply Like
  • Fear & Greed Trader
    , contributor
    Comments (4974) | Send Message
     
    SG,

     

    that is indeed a positive sign..
    19 Jul, 08:22 PM Reply Like
  • Land of Milk and Honey
    , contributor
    Comments (4049) | Send Message
     
    Author’s reply » .

     

    Any economic news coming out this week, that's likely to counteract the geopolitical move down?
    21 Jul, 12:10 PM Reply Like
  • Fear & Greed Trader
    , contributor
    Comments (4974) | Send Message
     
    I copied this from Jeff Miller's blog
    http://dashofinsight.com

     

    The “A List” includes the following:

     

    Initial jobless claims (Th). The best concurrent news on employment trends.

     

    CPI (NYSE:T). Real concern about inflation is still not imminent, but the recent increase has attracted more attention and comment. Remember that the Fed is seeking an increase and also uses the PCE, which is still benign. If the measures diverge, it will become controversial, so I am promoting this to the “A list.”

     

    New home sales (Th). Important driver of economic growth.

     

    The “B List” includes the following:

     

    Existing home sales (T). Less economic significance than new home sales, but still a good concurrent read on housing.

     

    Durable goods (NYSE:F). Bounce back in June data expected.

     

    CPI data will be in focus for sure ..
    21 Jul, 12:56 PM Reply Like
  • BlueSkyForever
    , contributor
    Comments (1606) | Send Message
     
    Netflix is up ....over 50 million subscribers. They missed expected EPS by a penny. Revenue up slightly. (NASDAQ:NFLX) is going abroad now....so big expectations for that.

     

    Seems like peeps all over the world like "Orange is the New Black" and other American tv shows like "Big Bang Theory."

     

    Don't know what to say about that....but good for (NFLX)
    21 Jul, 04:21 PM Reply Like
  • Land of Milk and Honey
    , contributor
    Comments (4049) | Send Message
     
    Author’s reply » FG

     

    Thanks! Sounds like not much to startle anything... and we'll keep rolling along :) :).

     

    BSF

     

    Netflix is a nice product. Add redbox and every family I know uses them. Makes for a great easy activity when you all need down time. My netflix addicts are into sci fi - Startrek, Stargate (if you remember that one), Starwars, and Dr. Who. I've now watched many episodes, and slept through quite a bunch too...

     

    On sectors, I remember those posts of yours breaking it down. I had them tagged to read again. Question will be if I can find my notes that noted them.
    21 Jul, 07:28 PM Reply Like
  • Land of Milk and Honey
    , contributor
    Comments (4049) | Send Message
     
    Author’s reply » BSF

     

    Netflix took a hit this morning after all.
    22 Jul, 05:47 PM Reply Like
  • Land of Milk and Honey
    , contributor
    Comments (4049) | Send Message
     
    Author’s reply » .

     

    Wow it's quiet on here. Guess everyone's on vacation or enjoying the outdoors. ...I've been distracted a bit too.

     

    Looks like earnings came in higher for the most part:
    http://seekingalpha.co...
    23 Jul, 11:20 AM Reply Like
  • dancing diva
    , contributor
    Comments (2539) | Send Message
     
    For those wondering why gild isn't reacting well to the big beat, it wasn't a clean beat. Certainly not a bearish number, but the much lower tax rate for the quarter was responsible for much of the earnings increase relative to analysts expectations.

     

    Contrast that to FB - they beat on revenues and eps despite a higher tax rate.
    23 Jul, 04:33 PM Reply Like
  • Land of Milk and Honey
    , contributor
    Comments (4049) | Send Message
     
    Author’s reply » DD - Interesting.

     

    Maybe a chance to pick up (NASDAQ:GILD) at a better price...
    23 Jul, 04:43 PM Reply Like
  • Fear & Greed Trader
    , contributor
    Comments (4974) | Send Message
     
    L,

     

    in my view earnings are coming in better than expected and the earnings growth of 7-9% seems to be playing out..

     

    Corp. earnings are improving , share buybacks are continuing.

     

    (NYSE:CPA) continues to go higher after its breakout , up $12 since 7/15 , and has a 2.5% div.

     

    AAPL is on its way to a triple digit number. PXD has gone from 220 to 230 since i mentioned it here last week ..

     

    keep an eye on (NYSE:CXO) & (NYSE:WLL) in the same space as (NYSE:PXD) they are buys on weakness..

     

    (NASDAQ:MU) story isn't done yet.

     

    (NASDAQ:FFIV) had a nice earnings beat today as well .

     

    (NYSE:LVS) $73 is inexpensive at these levels , and they have a 2.5% yield and catalysts..

     

    (NASDAQ:GILD) huge earnings tonight ..
    old tech continues to do well (NASDAQ:MSFT),new high (NASDAQ:INTC) new high , (NASDAQ:CSCO)

     

    FB growth continues - many still disbelieve --They didn't believe in (NASDAQ:GOOG) either.

     

    (NYSE:LAZ) is sitting there at $50 waiting to breakout .. pays a div

     

    overall the dow 30 made a new high last week, dow transports did the same and now the S & p has joined the party , with a new high today ..

     

    As i have mentioned -----IF the market dose have any pullback it WON"T be because of earnings. with that backdrop any pullback in a name that has produced good earnings , raised guidance , etc. is a potential candidate for purchase..

     

    case in point ----(NYSE:AAP) $ 123 has come down on worries about a competitors guidance , I use that kind of 'fear" to my advantage -- totally oversold and in my view their recent acquisition makes them a $150 stock
    Plenty of opportunity ..
    my usual comments --- avoid the noise (fed, interest rates , russell 2000, ukraine, gaza, volume too low ,Vix too low , bond market is telling us something BS , etc-- that is all horse sh___)
    watch the tape on select names ....
    The earnings and secular bull market is the backdrop that one should be using to make their investment decisions.. 
    23 Jul, 04:44 PM Reply Like
  • Land of Milk and Honey
    , contributor
    Comments (4049) | Send Message
     
    Author’s reply » .

     

    FG

     

    Thanks for the detailed write up! I think I should dig into some of these with dividends... and let them ride for a while.

     

    With new highs, I gather from your numbers, that earnings will let growth continue a bit more from these highs :).
    23 Jul, 09:45 PM Reply Like
  • Fear & Greed Trader
    , contributor
    Comments (4974) | Send Message
     
    L,
    (NASDAQ:FFIV) doesn't have a div, BUT it has now beat estimates and raised guidance - in back to back quarters..

     

    (NYSE:CAM) has been mentioned in my blog, its up over 4$ (6%) today on blowout numbers..
    http://bit.ly/1z7H0QH

     

    (NYSE:LAZ) beat on both top & bottom line today

     

    http://bit.ly/WFzfUC

     

    pays a 2.5% div...

     

    Im not suggest anyone throw caution to the wind , chase here, or go all in now ---- but these are examples of putting stocks on a watchlist and then taking advantage of when they do get weak or sell off -- because of "noise"

     

    buying good stories and names on any weakness in the context of a bull market pays nicely over time .....

     

    case in point (NYSE:AAP) http://bit.ly/WFzdw1
    Best of luck
    24 Jul, 09:51 AM Reply Like
  • Land of Milk and Honey
    , contributor
    Comments (4049) | Send Message
     
    Author’s reply » .

     

    :). Yep, prep for the next unexpected geopolitical event...

     

    I wonder what the election cycle this year will do to things. I want to vote in my garbage man. At least he does his job... without telling me it's the other companies fault.
    24 Jul, 10:50 AM Reply Like
  • Land of Milk and Honey
    , contributor
    Comments (4049) | Send Message
     
    Author’s reply » .

     

    Anyone else in (NYSE:AAP)? Or thinking of getting in? I'm checking into it.

     

    -- if you want more insight, FG has an SA article and comments which I found informative.

     

    Any thoughts? I'm trying to figure out and judge what's a good way to enter... (look for a particular number for entry point, or just jump in).
    25 Jul, 07:55 PM Reply Like
  • BlueSkyForever
    , contributor
    Comments (1606) | Send Message
     
    F&G, will you sell any of your (NASDAQ:AAPL) shares, or continue to hold?

     

    Also wondering about (NYSE:COP), (NYSE:BP) & (NYSE:XOM). Oil is supposed to go down, many sold their oil stocks weeks ago....not sure what to do with these stocks. Great dividends, but if the price of oil falls, then these stocks will fall too.

     

    I bought a little (NYSE:T) and (NYSE:GM) last week. Waiting now to see how things go the rest of this week before buying anymore stock.

     

    Wish I had bought (NYSE:C) and might still buy some shares. It's been on fire lately, could do very well in the next 10 years.

     

    Yair, hope you are doing ok. You were right about (NASDAQ:ISRG) it's up a lot since you mentioned it here months ago.
    23 Jul, 06:21 PM Reply Like
  • Fear & Greed Trader
    , contributor
    Comments (4974) | Send Message
     
    Blue,

     

    holding AAPL at the moment-- chart looks great - if overall market is with us -- I believe we will march up to the $100 level , then $105 .. I don't see anything in the story to give me concern. Japan & China deals are now paying off and this new partnership with IBM also has good potential..

     

    The big oils (NYSE:COP) , etc have had great runs -- many are calling for a lower oil price ---- but i don't see oil breaking down here anytime soon.. My play there is (NYSE:CVX) and a little (NYSE:XOM) ---- Div's keep me in them ....

     

    I also like GM , but now looking at (NYSE:F) , it is poised to break out and could head to $20 pays a nice div also.. I also wonder if they will in fact pick up some sales because of all the negative GM news lately ....

     

    (NYSE:C) can be bought here--- its not expensive - but JPM is my fav because I'll get the div while i wait
    23 Jul, 06:56 PM Reply Like
  • South Gent
    , contributor
    Comments (3065) | Send Message
     
    BlueSky: I sold my 35 Apple (NASDAQ:AAPL) shares today, realizing a gain of $764. When I bought those shares late last year, my goal was simply to realize a sufficient profit to buy a new IPAD.

     

    I currently own an IPAD2. I am going to wait awhile to replace it, so I may be ready to splurge again when the IPAD7 comes out. I switched several years ago from the Windows operating system to Apple's large screen IMAC.

     

    IPAD sales did decline in the quarter by 8% Y-O-Y:

     

    Reuters Article:
    http://reut.rs/1jWkjLL

     

    Possibly, a wider screen IPhone will eat into IPAD sales.

     

    I really do not have any major concerns about Apple stock other than what I would generally call the law of large numbers. Market capitalization is currently around $586B. There also appears, at least to me, to be a lot of optimism about the new products already built into the share price.

     

    And, I am more nervous about stocks than most who comment here. I am paring my stock allocation by removing my net $ additions since October 2013 which will end up resulting in about $55,000 in net selling.

     

    I have already eliminated the $31,000 net additions that I documented in a 6/6/14 Post:

     

    http://bit.ly/1qe54wu

     

    I am now working on eliminating the net addition of $23,000+ documented in a 2/28/14 Post which occurred between 10/2013 and 2/2014:

     

    http://bit.ly/1osFUsY

     

    When performing this kind of paring, I will space the selling out over several months. Since I have a large number of securities, I will always have several that need to be sold for one reason or another, and it is better to sell into strength particularly after a bull move such as the one since March 2009.

     

    Those kind of sells would include underperforming stock CEFs that have been owned for several years; paring other funds that I intend to keep (and have held for a long time) by selling the highest cost shares; and selling non-core stock ETFs.

     

    I have not yet sold very many individual common stock positions, but I have started to pare back my equity REITs by selling the lowest yielding Canadian REITs (Canadian Apartments and Riocan) bought as part of a significant sector rotation into REITs that I started last September.

     

    My best performing mutual fund this year is probably the Vanguard Health Fund which is up 16.41% YTD.

     

    http://bit.ly/1jWklDl

     

    The manager was recently interviewed by Barron's and she mentioned Gilead:

     

    http://on.barrons.com/...

     

    She seems to prefer Merck which is lining up to be a competitor in hepatitis C drug field:

     

    Forbes Article:
    http://onforb.es/1jWkjLT

     

    The Vanguard fund benefited earlier this year by owning a boatload of FRX which agreed to be acquired by Actavis.

     

    http://on.wsj.com/1jWkjLV

     

    One sector, which I view as undervalued and I am buying now after selling down my position last year, is regional banks. I will be discussing some recent adds when I update my regional bank basket next Monday.

     

    Some of these banks are really small like Landmark (NASDAQ:LARK), a small bank holding company with operations in Kansas, which reported yesterday an E.P.S. of $.65, up from $.45 in the 2013 second quarter:

     

    http://1.usa.gov/1jWkjLW

     

    I had just sold a lot at over $23 and bought back those shares at $19.76 before the earnings release. Given the light volume, share price volatility can be high just for that reason. Volume soared today to 7,407, with the stock gaining 3.28%.

     

    I am keeping my COP, CNQ and SU, even though they have popped this year. COP was bought earlier this year with one lot bought at $63.68:

     

    February 2014 Post
    6. Added 50 COP at $63.68
    http://bit.ly/MG7fdZ

     

    If I sell anything in the energy area, it will be an ETF. I recently liquidated ENY and bought with the proceeds EWC. The most likely ETF disposition would be (NYSEARCA:FENY) which I bought last March at $25.49.
    23 Jul, 09:10 PM Reply Like
  • Scooter-Pop
    , contributor
    Comments (2033) | Send Message
     
    South....,

     

    Is your investing in a taxable, deferred or Roth account?
    24 Jul, 03:45 AM Reply Like
  • South Gent
    , contributor
    Comments (3065) | Send Message
     
    Scooter: I have taxable, Roth IRA and Regular IRA accounts. The taxable accounts are about 10 times larger than the IRAs.

     

    I used the meltdown in 2008-March 2009 to do a number of Roth IRA conversions. That is an ideal time to do those conversions. I selected securities that had declined significantly in value, which reduced my tax obligation, and all of them subsequently recovered fairly quickly thereafter in the Roth IRA. I intend to do Roth IRA conversions on the remaining assets in a regular IRA before I turn 70.

     

    For the remaining assets in a regular IRA, I will select for purchase a security where I have concerns about a decline in price. If the price declines by 10% after purchase (or possibly as little as 5% since I moving closer to 70), I will do a Roth conversion for that security. My most recent purchase in that account was 200 (NASDAQ:FSC), which I will discuss in a post to be published in early August. I am running about two weeks behind now. FSC recently raised its monthly dividend to $.0917, which is still below where it was before the Near Depression.

     

    http://bit.ly/WFysD9

     

    At a total cost of $9.75 per share, and assuming that this BDC continues its recently raised monthly dividend of $.0917, the yield would be about 11.29%.

     

    I actually prefer buying that kind of security in the ROTH IRA where I will not be taxed on the income paid by the security when and if it is ever withdrawn. I do not intend on ever accessing the Roth IRA funds, but I will be taxed when I move money or securities out of the regular IRA into the ROTH IRA.

     

    I will select primarily income generating securities in the retirement accounts. That would include individual bonds and preferred stocks, bond funds, REITs, and BDCs. Most of those securities, except for non-REIT preferred stocks, do not pay qualified dividends. I prefer to own stocks that pay qualified dividends in a taxable account.

     

    Since I am retired, and have no earned income, I am in a relatively low tax bracket, and consequently I do not mind generating a fair amount of short term capital gains. I would be more far more reluctant doing that when in a high tax bracket. The Apple trading gain was short term.
    24 Jul, 09:44 AM Reply Like
  • jbzw
    , contributor
    Comments (677) | Send Message
     
    I have also made significant Roth transfers in kind to lessen the tax consequences of the MRDs and to limit taxability of SS payments and the means testing of Medicare benefits. In that regard, I also transfer shorter term, under par bonds just before the interest is paid. The fair value of the bond is taxed on the conversion, but the carried interest is not and moves into the Roth tax free. Also, when the bond matures, the appreciation has occurer tax free. Thanks for continuing to update.
    24 Jul, 11:33 AM Reply Like
  • South Gent
    , contributor
    Comments (3065) | Send Message
     
    JBZW: I will be avoiding the minimum required distribution requirements altogether by transferring everything owned in the regular IRA into the Roth IRA before hitting the 70.5 age trigger.

     

    When I first opened an IRA account, which was around 1980, there was only a regular IRA, and my initial purchase was a government money market fund then yielding about 14%. I switched to stock investments after opening a Schwab account in July 1982. I have funded my IRA contributions out of my taxable account's income generation and have quit making contributions since I no longer have earned income. Sometime in the last decade, I adopted my current approach when I transitioned from the accumulation phase, and started to place emphasis on capital preservation/income generation rather than capital appreciation.

     

    The kind of decline seen after Lehman's failure will happen again, but hopefully not in my lifetime. I suspect that I will see one more. I have already experienced three 45%+ fairly quick dips (1974, 2000-2002, and 2008-March 2009), and have no need to navigate another one, though I am a better bear market investor than a euphoric bull market one. I was fortunate to miss the second decline in the preceding litany by simply following my value discipline. Any value investor worth their salt would have owned almost nothing late in 1999.

     

    I will keep my UBTI at significantly less than $1,000 in the IRA which severely restricts MLP ownership in those accounts.

     

    MLPs and Retirement Accounts:
    http://bit.ly/sqR4tD

     

    For younger investors, those cataclysmic periods could be an ideal time to do Roth conversions (assuming no law change), at least for those securities knocked down 50% or so in value that have recovery potential. Part of the decision making process would evaluate the current marginal tax rate and the one anticipated in retirement.

     

    The value of the security at the time of conversion is included in taxable income. I was also retired in 2008 which was another consideration on the timing issue. I was fortunate that all of the securities so transferred to the Roth IRA recovered in value, generally during 2009, and then some, after the conversion.
    24 Jul, 12:40 PM Reply Like
  • Fear & Greed Trader
    , contributor
    Comments (4974) | Send Message
     
    (NYSE:F) has broken out to the upside on the back of good earnings , The LT global story looks to be taking shape .

     

    Shares are currently giving back the early gains from the report..

     

    pays a 2.8% div..
    24 Jul, 12:46 PM Reply Like
  • BlueSkyForever
    , contributor
    Comments (1606) | Send Message
     
    Thank you F&G & Southgent for your good advice.

     

    Wow (NASDAQ:FB) is on the move up!

     

    (NASDAQ:AMZN) took a huge downward move after hours; disappointing earnings.
    24 Jul, 06:14 PM Reply Like
  • Land of Milk and Honey
    , contributor
    Comments (4049) | Send Message
     
    Author’s reply » BSF

     

    Seems to me other online options (including retail with online sites) are catching up to Amazon on convince and price on a lot of what I look at.
    25 Jul, 07:58 PM Reply Like
  • Fear & Greed Trader
    , contributor
    Comments (4974) | Send Message
     
    From Bespoke group --

     

    http://bit.ly/WHi7xO
    25 Jul, 01:02 PM Reply Like
  • Land of Milk and Honey
    , contributor
    Comments (4049) | Send Message
     
    Author’s reply » . Interesting! What's your interpretation of what it means for the market? I'd think individuals being bearish aren' t that critical. But may reflect institutions getting protective again, and a small drop happening sometime soon... maybe even with political as the stimulus. Or is it a contrary signal?
    25 Jul, 01:48 PM Reply Like
  • Fear & Greed Trader
    , contributor
    Comments (4974) | Send Message
     
    L,

     

    these reports can change on a dime.. I think the takeaway from this report is that while the market is at all time highs the number of bulls goes down--- indicating no euphoria and it would then suggest that "everybody inst jumping on the bandwagon-

     

    & that very few believe we can go higher.
    25 Jul, 02:32 PM Reply Like
  • Land of Milk and Honey
    , contributor
    Comments (4049) | Send Message
     
    Author’s reply » FG

     

    That makes the most sense... since individual sentiment doesn't seem to effect much, until most individuals are in & it's front page news on "entertainment" magazines.

     

    BDCs are up again today with so much else down. I assume this a run to yield/ high yields that goes with market fear.
    25 Jul, 03:16 PM Reply Like
  • Newbie trader
    , contributor
    Comments (194) | Send Message
     
    I heard a rumor that China is mobilizing its arm force. I am wondering if anyone here heard anything.
    25 Jul, 05:06 PM Reply Like
  • Land of Milk and Honey
    , contributor
    Comments (4049) | Send Message
     
    Author’s reply » . Newbie

     

    I haven't heard anything. Is there a reason why would they be? Everyone else is on edge and they feel left out :) ?
    25 Jul, 07:52 PM Reply Like
  • Newbie trader
    , contributor
    Comments (194) | Send Message
     
    I am looking around for more news, but the rumor is that this could be a coup.
    26 Jul, 12:31 AM Reply Like
  • Land of Milk and Honey
    , contributor
    Comments (4049) | Send Message
     
    Author’s reply » .DD

     

    How are you coming to under $77 as a good entry for (NYSE:BAX)?

     

    Overall it looks like a good investment. (Only worry is that plant that's under investigation and what it reflects about management.)
    25 Jul, 07:57 PM Reply Like
  • dancing diva
    , contributor
    Comments (2539) | Send Message
     
    Obviously a lower amount would be better, but I thought it could take off and a small (20% position) to keep it on the radar was reasonable. Look at the chart; typically if a stock is good it holds the 10 or 20 week moving average. In Baxter's care that's just $2-3 lower.
    26 Jul, 03:35 PM Reply Like
  • dancing diva
    , contributor
    Comments (2539) | Send Message
     
    Hi All!
    I haven't been posting much lately (nothing to say), but it will be even less from me until around Aug 15th. I'm going on vacation next week where the internet fees will be ridiculously high, so I won't spend much time on SA.
    26 Jul, 03:38 PM Reply Like
  • BlueSkyForever
    , contributor
    Comments (1606) | Send Message
     
    Enjoy your vacation DD!
    26 Jul, 09:56 PM Reply Like
  • Robert Duval
    , contributor
    Comments (3799) | Send Message
     
    + 1. DD. Nothing to add. Flew my airplane out west on vacation.
    27 Jul, 12:13 AM Reply Like
  • Fear & Greed Trader
    , contributor
    Comments (4974) | Send Message
     
    DD,

     

    Enjoy !! :)
    27 Jul, 10:27 AM Reply Like
  • Land of Milk and Honey
    , contributor
    Comments (4049) | Send Message
     
    Author’s reply » Macro

     

    Hope it was a fun vacation :)!
    27 Jul, 10:52 AM Reply Like
  • Land of Milk and Honey
    , contributor
    Comments (4049) | Send Message
     
    Author’s reply » . DD

     

    Have a great trip!! Sounds like it will be refreshing. Bring us back some stock tips .... or a happy smile, whichever is easier to pack.

     

    Enjoy!
    26 Jul, 08:47 PM Reply Like
  • dancing diva
    , contributor
    Comments (2539) | Send Message
     
    Thanks, everyone; it should be interesting. I'm spending two weeks with my mom, most of it on a cruise ship, attending bridge lectures and playing bridge. I haven't spent two weeks with my mother since leaving college and haven't sat at a bridge table in years. Awhile ago I gave her an IOU for a bridge cruise (she's an avid player) and we finally found one leaving from the NY area - at her age she doesn't like the hassle of plane travel anymore. Hubby is staying home with the dogs and our son is in the wilds of Canada on a boy scout canoe trip.

     

    In many respects duplicate bridge is like investing in the stock market. It should be fun, but I'm a bit nervous about being so out of touch leaving a large portfolio in place.
    27 Jul, 11:45 AM Reply Like
  • Land of Milk and Honey
    , contributor
    Comments (4049) | Send Message
     
    Author’s reply » DD

     

    Sounds like quite an adventure. Have fun!

     

    On your portfolio - I'd bet (on an 3x index fund) when you're back it will be like watching a soap opera, hard to tell you were ever gone :).
    27 Jul, 09:28 PM Reply Like
  • Fear & Greed Trader
    , contributor
    Comments (4974) | Send Message
     
    My thoughts on the market
    http://seekingalpha.co...

     

    and on a dividend payer (NYSE:F) that is inexpensive , for those that are concerned the market is overvalued... and don't know where to start..

     

    http://seekingalpha.co...
    27 Jul, 12:16 PM Reply Like
  • Land of Milk and Honey
    , contributor
    Comments (4049) | Send Message
     
    Author’s reply » FG

     

    Thanks for posting those links! Others bought (NYSE:GM) recently. Any thoughts on one over the other... or either one for long term?

     

    -
    FG - So sounds like from your article's comments, that since (NYSE:http://bit.ly/pXMU9v) is a consumer cyclic, it tends to be a bit up and down. So you're thinking of it as a couple years for the div plus growth potential, then reassess if that cycle starts coming down (as interest rates start coming back up)?

     

    I get gung ho, then every stock has noise that I hesitate to buy -- I've gotta learn how to sort through the noise factors.

     

    The upward and downward pressures seem like:

     

    -----
    UP:
    > Catalyst: Europe finally was a gain so ready to change game.
    > GM's stuck in recall land and won't be challenging Ford.
    > Economy improves, consumers will switch back from used cars to more new cars.
    > Didn't take g'vt money on the last round, i.e. management stayed on top of things.

     

    ----
    DOWN:
    > Interest rates rise, less consumer buying of discretionary. Car sales have really benefited from low interest rates.
    > GM's getting past it's recalls, and will start challenging Ford.

     

    Is (NYSE:F) considered a DGI?
    27 Jul, 09:16 PM Reply Like
  • Fear & Greed Trader
    , contributor
    Comments (4974) | Send Message
     
    L,
    yes it is cyclical, and while I can see the div growing - I would not classify it in the same category with the Div growth champions..

     

    My feeling is that Europe will add to their bottom line in the next year or so , enhancing profits and a possible div increase.. In the meantime you get 2.9% on a stock that isn't terribly overvalued

     

    There will always be "noise' -- the companies that are beating estimates and raising guidance and/or Div are candidates for purchase on pullbacks --
    problem that most investors face when they hear the 'noise' on the macro front -- they back off -- but when you have a bullish backdrop - that is the time to act .. scale in , nobody can grab the absolute bottom when a stock pulls back...

     

    If the market does go into full correction mode , you have a stock that has good fundamentals .. there are worse things in life :) those stocks will come back first.. and if you have scaled in u can add ....
    27 Jul, 10:36 PM Reply Like
  • Land of Milk and Honey
    , contributor
    Comments (4049) | Send Message
     
    Author’s reply » .

     

    In general, what stock sectors do well in raising interest rate environment? (Market as a whole does fine according to what I've been reading.) Are there any where raising rates is particularly good for business?
    27 Jul, 09:20 PM Reply Like
  • Fear & Greed Trader
    , contributor
    Comments (4974) | Send Message
     
    L,
    Financials , bank stocks --from regionals to the large cap global boys

     

    Southgent loves the regionals , i believe he posted a list a while back. I tend to agree with that thesis ..
    27 Jul, 10:40 PM Reply Like
  • South Gent
    , contributor
    Comments (3065) | Send Message
     
    F & G: I post a table of owned regional bank stocks once a month. That update also includes my REIT and Lottery Ticket baskets. The post is published on the last Monday of each month and a new one was posted today:

     

    "Update for Lottery Ticket, REIT and Regional Bank Basket Strategies/Sold 101+ BRKL at $9.53/Bought 50 LARK at $19.76, 100 SUSQ at $10.15, 50 UVSP at $18.8/Bought 50 ODP at $5.09 as a LT/CBU, BHLB, FFBC, WASH, FNLC, FMER, FISI, TRST, CCNE, HBAN, BPFH, NYCB, NPBC, WTBA, FNB, MBVT, UBCP"

     

    http://bit.ly/1nQBi1x

     

    I discuss in today's post three new adds and one sell. The post is long today since I discuss the recent earnings reports from some, though not all, of the owned regional bank stocks.

     

    I at least understand regional banks which is not the case for most technology stocks that make thingamajigs which are simply beyound my comprehension.
    28 Jul, 09:15 AM Reply Like
  • Land of Milk and Honey
    , contributor
    Comments (4049) | Send Message
     
    Author’s reply » FG, SG

     

    That makes sense. That banks benefit from a better spread.

     

    I was thinking I needed to go back to SG's list and see if there's anything still worth picking up at this point. ...so that sure makes it easy.
    28 Jul, 10:33 AM Reply Like
  • Fear & Greed Trader
    , contributor
    Comments (4974) | Send Message
     
    South ,

     

    you do a great job on your website thanks for the list..

     

    speaking of thigamajigs

     

    (NASDAQ:MU) down today -- a good covered call opportunity --

     

    buy (MU) @ 32.38 sell the Aug 22 weekly $33 strike price call for 1.13

     

    yield for 25 days -- 3.5% if called 3.9 %

     

    and you get protection down to $31.25 --- in my view a safe conservative play ......

     

    my 'rent a stock" play for the day :)
    28 Jul, 10:28 AM Reply Like
  • South Gent
    , contributor
    Comments (3065) | Send Message
     
    F & G: I understand Micron's product a little, but not well enough to make a meaningful purchase. For those kind of companies that pay no dividend, and where I only have a faint comprehension of the products, I am limited by my Left Brain's rules to Lottery Ticket purchases which has a maximum cap of $300 plus any prior profits trading the stock.

     

    One LT that I bought recently, which is up over 100%, is (NASDAQ:RFMD), and I understand its products less than the ones made by MU. I really do not have a clue about how high either MU or RFMD could go. I understand Neslte's products since I can eat them.

     

    When I bought 50 shares of RFMD at $5.18, I made this comment:

     

    " Needless to say, as with LSI, I do not have the knowledge to even understand RFMD's products except in a superficial sense, let alone evaluate them in the competitive landscape. This selection is based on the preceding simpleton criteria."

     

    http://bit.ly/1pCEobs

     

    I was just substituting one maker of thingamajigs for another LSI, which I had just sold after it had agreed to be acquired by AVGO.

     

    In the technology area, I still own Intel after paring the position too soon, where I have an average cost of $15+ per share and the ETF (NASDAQ:TDIV) which has done well since my purchase.

     

    ***********

     

    LMH: I started my regional bank basket strategy in 2009 after these stocks were crushed in price. The Near Depression period marked just one of many occasions occurring during my lifetime where banks have managed to blow themselves up after failing to learn lessons from the past.

     

    I focus on smaller regional banks for the most part. Many of the ones that I own did not cut their dividends during the last disaster and some even managed to raise them in 2008-2009.

     

    I am actively trading them based on valuations and other criteria.

     

    While dividend growth is slower than stocks bought under my dividend growth strategy, I do have several now that exceed 5% yields based on my original cost. A typical good dividend grower in this sector would double the dividend in about 10 years, much slower than a KO, PEP, GIS, COP, NVS or NSGRY, all of which I own.
    28 Jul, 11:41 AM Reply Like
  • Land of Milk and Honey
    , contributor
    Comments (4049) | Send Message
     
    Author’s reply » .FG

     

    (NASDAQ:MU)'s down even more, now at $32. So maybe an even better deal. Anyone else jumping in on this? Very creative.
    28 Jul, 04:40 PM Reply Like
  • Land of Milk and Honey
    , contributor
    Comments (4049) | Send Message
     
    Author’s reply » F

     

    Investigating on (NASDAQ:MU), it's down even more $32.04. But call at $33 strike for Aug 22 is only .79 now. Still worth the buy stock & sell call?

     

    This looks a lot like those pauses this stock has been taking for the last year...up for a while, then drop back & regroup.
    28 Jul, 05:28 PM Reply Like
  • Land of Milk and Honey
    , contributor
    Comments (4049) | Send Message
     
    Author’s reply » FG

     

    Finally I jumped into something again. Not sure why buying is so hard for me -- never was before. So (NASDAQ:MU)'s back in my bankroll at $32.03.

     

    I couldn't sell the option; Scott isn't offering after hours options trading. (I didn't realize). Maybe tomorrow I'll get to add some insurance & sell one.
    28 Jul, 05:51 PM Reply Like
  • Fear & Greed Trader
    , contributor
    Comments (4974) | Send Message
     
    L,

     

    my apologies for the typo,,

     

    the original post should have read sell the $32.50 call for $1.13 not the $33 call - that is what the 32.50 call was when the stock was at 32.38

     

    my error and apology if i misled or confused the issue ..
    28 Jul, 06:57 PM Reply Like
  • Land of Milk and Honey
    , contributor
    Comments (4049) | Send Message
     
    Author’s reply » F

     

    I should have looked around better - it's down to .99 now, probably because the stock price went down. Can't sell anything till tomorrow anyway, so I'll see what's offered.
    28 Jul, 07:00 PM Reply Like
  • Fear & Greed Trader
    , contributor
    Comments (4974) | Send Message
     
    L,

     

    so u are in at $32.03 -- see how the stock opens tomorrow

     

    it looks like u can get $1 for the 32.50 Aug weekly call

     

    3% if not called ----- 4% if called

     

    its close to its 50 day MA -

     

    and FWIW
    http://seekingalpha.co...
    28 Jul, 07:07 PM Reply Like
  • Fear & Greed Trader
    , contributor
    Comments (4974) | Send Message
     
    South

     

    the game changer for MU was its purchase of Elpida -

     

    http://bit.ly/1o7MB11

     

    and why i was bullish since the low 20's ,

     

    (NASDAQ:RFMD) is an outstanding holding

     

    i too was in at around $6 and sold at 9.50 - that story isn't over yet either..

     

    the charts on both of these are two of the best looking bullish charts you will ever see.
    28 Jul, 07:11 PM Reply Like
  • Land of Milk and Honey
    , contributor
    Comments (4049) | Send Message
     
    Author’s reply » F

     

    Yep, I saw that Greenlight is still very bullish on it. I need to buy into enough issues, so if some go down, it's no big deal (emotionally). So at least I've got one now. It may still go down more before turning, but now that I survived the (NASDAQ:LINE) short raid, I have more fortitude :).

     

    In the end, with their recent sell to one of the oils to beef up their DCF, the management looks solid, (which was one of your original selling points.)
    28 Jul, 07:23 PM Reply Like
  • South Gent
    , contributor
    Comments (3065) | Send Message
     
    F & G: I go a long way back on Micron, and consequently remember that it was the potato king J.R. Simplott who provided the start up capital. That dates me some.

     

    As to RFMD, I have no idea what to do. Fortunately, it does not matter when I own such a small amount. My inclination is to let it run even though it has more than doubled since I bought my 50 shares as a Lotto. The recent earnings report was good, and investors like the combination with TriQuint.

     

    I have seen some similar looking charts. Some will surprise you. I sold WIN today at $10.53 which is up close to 30% from its February 2014 low unadjusted for its oversized dividend payment.
    28 Jul, 07:36 PM Reply Like
  • dancing diva
    , contributor
    Comments (2539) | Send Message
     
    LMH - FYI
    There is no after hours options trading in any stock. A few of the major etf's, like spy, do trade options for 15 minutes after the close- but that's it.

     

    I'm packed and will be heading to NY in the am.

     

    Good luck, all!
    28 Jul, 11:23 PM Reply Like
  • Land of Milk and Honey
    , contributor
    Comments (4049) | Send Message
     
    Author’s reply » DD

     

    Oh, I was wondering. Thanks.

     

    Have fun!! Enjoy!
    28 Jul, 11:28 PM Reply Like
  • Land of Milk and Honey
    , contributor
    Comments (4049) | Send Message
     
    Author’s reply » FG

     

    I left the option order open and forgot to cancel -- so it filled this morning. $33 strike, $.79. I don't know if I'm happy with it, but for now I'll leave it since it's up in price (that I'd have to buy it back at). Toes getting wet :). (NASDAQ:MU)s doing fine this morning, up a little, down a little, no obvious big moves.

     

    Got into (NYSE:F) at $17.70, not a full position yet.

     

    So glad I didn't sell (NYSE:CVX) a few months ago when I was commenting here thinking about it -- it's still up from there.
    29 Jul, 09:51 AM Reply Like
  • Land of Milk and Honey
    , contributor
    Comments (4049) | Send Message
     
    Author’s reply » SG

     

    You have some very interesting info and ideas on regional banks. I do almost all my banking that way -- some better than others -- but all offer me for than bigger banks.

     

    If rates go up and they benefit, then div growth being slower, is less of an issue.

     

    So in the end you decided to wait to get your new Apple thingamagig? ...At least you've got the money earned for it already!
    28 Jul, 04:36 PM Reply Like
  • South Gent
    , contributor
    Comments (3065) | Send Message
     
    LMH: The common perception is that regional banks will benefit from a rise in intermediate and longer term rates. That perception is reflected both in the increases in share prices last year (which took most of my stocks out of their fair value ranges) and the treading water or down movement during 2014 when rates started to go back down.

     

    The issues are more complex than that common perception. Some of the regional banks will lose mortgage origination business when rates rise, at levels significant for them, which was the case last year. Their bond investments may lose value with a rise in rates and many have booked securities gains from their bond portfolios over the past few years.

     

    Several of them are reporting decent to good earnings for the 2014 second quarter even though rates were declining and their net interest margin compressed some. Another reason is that loan growth is picking up and loan defaults are way down. Those issues far override a few basis points in net interest margin.

     

    With an increase in intermediate and long term rates, the net interest margin will expand and that will be helpful. Net interest margin is currently being compressed as interest payments paid to CD owners have already repriced at abnormally low levels, while intermediate and longer term rates have continued to trend down some.

     

    The future question will be how fast deposits will reprice when rates start to rise in relation to the rise in loan rates. I suspect that short term rates will start to rise from close to nil now by small and slow increments of .25% in mid-2015. I would anticipate intermediate and longer term rates to be rising sooner from their current levels.

     

    I will generally own 30 to 50 names in this sector, using a basket strategy. I will trade them based on valuation. Last year, I sold into their upward trajectory in price and have been buying back during the last quarter and this month based on price corrections and more attractive valuations.
    28 Jul, 06:32 PM Reply Like
  • Land of Milk and Honey
    , contributor
    Comments (4049) | Send Message
     
    Author’s reply » SG

     

    I wondered how the reduction in lending would balance against the better "profit margin."

     

    I agree, long term will raise a little faster than short. It's more market driven, less fed dependent, so they'll want more profits sooner / more increase sooner.

     

    I'll have to read your in depth write ups up to understand each one better. Seems like a lot of skill is going into assessing everything.
    28 Jul, 06:40 PM Reply Like
  • Land of Milk and Honey
    , contributor
    Comments (4049) | Send Message
     
    Author’s reply » .

     

    Medical costs sure are up from years ago. In two days, two doctors and between them scheduled for 4 MRIs & an in office looksee full procedure.

     

    In old days, one would have poked my shoulder and told me to rest it.

     

    The other might have done a basic lab test if I begged, & given an antibiotic.

     

    This is better care, but it seems like over kill. No idea what the solution is - to managing costs.
    28 Jul, 04:45 PM Reply Like
  • Land of Milk and Honey
    , contributor
    Comments (4049) | Send Message
     
    Author’s reply » .

     

    This is a number of downish days in a row -- is this one of those pause and small correction starting?

     

    There's geopolitical reasons, plus a bit of nerves that things got overvalued. Plus seems time for a dip.

     

    Any impressions here on that?
    28 Jul, 04:49 PM Reply Like
  • Tack
    , contributor
    Comments (13264) | Send Message
     
    LMH:

     

    "....number of downish days in a row...."

     

    Uhhh, one down day, last Friday, and already today no follow through. As usual, no traction on the downside. Looking back, up for last week and up for last month.
    28 Jul, 05:00 PM Reply Like
  • Land of Milk and Honey
    , contributor
    Comments (4049) | Send Message
     
    Author’s reply » T

     

    IWM is down .5% and the rest are idling -- that's what had me thinking it was a draggy day. The last month definitely been up. I thought I saw a few draggy days... kind of a pause going on. Guess not :).
    28 Jul, 05:09 PM Reply Like
  • Tack
    , contributor
    Comments (13264) | Send Message
     
    Here's an interesting conjecture for debate:

     

    There's been an endless stream of predictions from the perpetual-bear camp that the market would fold as and when QE was withdrawn. As we have seen, QE has been being tapered all year and will end entirely in October, and there's been no sign whatsoever of adverse effects on interest rates, the economy or the market.

     

    Now, suppose that all those folks, who have been paralyzed by the crash fears, so constantly predicted and promoted by the bear camp, wake up some October morn and realize that the world is still here, that they were duped and that they should have been invested all along. Do we see, instead of a collapse, a new buying surge?

     

    I'm not necessarily predicting it, but it will be interesting to see what happens when the QE bogeyman disappears.
    28 Jul, 05:14 PM Reply Like
  • Fear & Greed Trader
    , contributor
    Comments (4974) | Send Message
     
    T,

     

    precisely , however, my sense is that the bears will find a new boogeyman to tell us about like inflaton, rising rates etc.. that will keep their 'story in tact - on the sidelines or shorting every 5% advance as it it was the 'last gasp they are hoping for since S & p 1800 ...

     

    and the proverbial wall of worry stays in tact

     

    have you seen some of these bearish headlines here on SA, and the follow up commentary ? it's pervasive ...

     

    and the gloom/doomer blogs that some are running here are still filled with "equities are doomed and the metals will rise again " comments..... these guys /gals are in sheer fantasy land........
    28 Jul, 07:20 PM Reply Like
  • Land of Milk and Honey
    , contributor
    Comments (4049) | Send Message
     
    Author’s reply » F

     

    Is it many blogs of gloom, or mostly one you're thinking of? Metals will rise again. Oh wait, I mean DUST. I was thinking of peeking to see if there's a chance for a day trade... now that the war worries are slowing (even though the war isn't). I think I'm too behind on that though :). Better if I get more research & purchases in.

     

    Really creepy, Hamas built tunnels underneath Israel towns, with a mass exit planned under kindergartens and such, to do a massive kidnapping (the tunnels are equipped with side rooms & stuff appropriate only for that.) Last PEW even Gazans mostly want Hamas gone (60%).

     

    ...but I digress... just a possible market worry topic for those looking for one.
    Hum, any Israeli stocks down? (NYSE:TEVA)? Hadn't even thought about that. But not likely. Or Egyptian?
    28 Jul, 07:31 PM Reply Like
  • Land of Milk and Honey
    , contributor
    Comments (4049) | Send Message
     
    Author’s reply » .

     

    QE bogeyman disappears - something else will appear. War risk, politics, global warming world is ending. I'm not sure where this worry stream is coming from, but it's taken on a life of it's own. Same way during Dot com, having electronics and no profits, took on a life of their own.

     

    Is anyone making money off the worry? Seems like there's motivation to sell it on some of the bigger investing news sources.

     

    What I do think will surge are individual mom and pop investors who've been waiting for the general overseas worries & local economy worries to end. But do they make much of a dent?
    28 Jul, 05:24 PM Reply Like
  • Tack
    , contributor
    Comments (13264) | Send Message
     
    LMH:

     

    Mom and pop, by themselves, have almost no impact at all. But, markets are funny things, and a slight change in tenor can fire up lots of Nervous Nancies. If we would see the market start to grow at a pace above its five-year trend line and see volumes increase, then, I'd finally start looking at how to trim the sails.
    28 Jul, 05:45 PM Reply Like
  • Land of Milk and Honey
    , contributor
    Comments (4049) | Send Message
     
    Author’s reply » T

     

    It could. I'd like to get myself fully back in before then... take a bit of the ride, and as you said, when it's looking rosy and like nothing can go wrong, it's time to trim.

     

    ...by then they'll be real interest rates. Maybe see some movement back out of stocks to bonds or bank accounts again? It'll be tricky timing. Just as folks get comfortable with the market, the interest rates will be more normalized, and they'll may be inclined to jump right to bonds/banks?

     

    I wouldn't have realized, if Macro hadn't talked about, that the worry can effect the professional traders too.
    28 Jul, 05:55 PM Reply Like
  • Fear & Greed Trader
    , contributor
    Comments (4974) | Send Message
     
    L,

     

    I agree with Tack, I do not see anything on the horizon that gives me grave concern -- a black swan - maybe but there is no man /woman here that can predict that ..

     

    take the approach I mention and i am currently following

     

    "Since the 1930s, no bull market has ever ended without a recession, and there are no signs one may be imminent."

     

    no one can foresee a correction either - so scaling in names you like is the approach i am taking - you have seen the results --

     

    case in point -- if you buy MU @32 and it goes down to the high 20's because of market gyrations but the fundamental story is intact is that the end of the world.. ? its investing and it contains risk ...

     

    many are 'frozen" here because they are looking over their shoulder -- is not EZ pulling the trigger at all time highs -- the bullish calls i made were much easier at s & p 1600 ....

     

    the stocks one selects are key now-- and I have given quite a few names to look at ..

     

    (NYSE:AAP) is on sale at 124 , (NASDAQ:GILD) is still inexpensive (NASDAQ:AAPL) ,
    (NASDAQ:FFIV) is ready to break into the 120 area.. all have good fundamentals that will eventually support their price in a pullback ..

     

    people will watch a stock like (GILD) and say i should have bought it at 80 - now its 90 - i cant buy it now --- they will be saying that same thing at 100 ... that fundamental story is what will propel the stock higher.. same thing with (AAPL) , so many have told me they cant buy it now cause its @ 97 ... they wil say the same thing to me @ 105

     

    its not where they have been its where they are going.. these fundamental stories will rule regardless of any "market" noise..
    28 Jul, 07:40 PM Reply Like
  • Land of Milk and Honey
    , contributor
    Comments (4049) | Send Message
     
    Author’s reply » FG

     

    Yep, I need to keep digging through. Thanks for posting them again!

     

    It is harder to buy knowing the market is reaching new highs... but something with divs, and a good story... so what if the market goes down before it comes back up? As long as the tanking is for general market reasons, it won't phase me as much; this isn't money I plan to use in the near term. MU without divs is more risk, but I'm taking it.

     

    That chart (NASDAQ:MU) did this stair climbing thing, so as long as the general market doesn't tank AND the story change before it can come back... it's a buy.

     

    I saw that quote about bulls ending in recession on your article, and really like it. Succinct way to explain a critical phenomenon.
    28 Jul, 11:01 PM Reply Like
  • Fear & Greed Trader
    , contributor
    Comments (4974) | Send Message
     
    L,

     

    in addition to the thoughts you presented on the market

     

    another fact that seems to have gone unnoticed by the mainstream media types

     

    China PMI --- http://bit.ly/1tn9Vjt

     

    (NYSEARCA:FXI) a way to play that

     

    as it has now broken out to the upside in the last few trading days and is a bullish sign for the global economy ..
    29 Jul, 09:51 AM Reply Like
  • Land of Milk and Honey
    , contributor
    Comments (4049) | Send Message
     
    Author’s reply » .

     

    Is (NYSE:PDS) a buy here? It's down >3%. Looks like it's over a 2Q loss.

     

    Tack
    Do you have any buy thoughts at the moment?
    28 Jul, 06:09 PM Reply Like
  • Tack
    , contributor
    Comments (13264) | Send Message
     
    LMH:

     

    Keep in mind that I'm a high-yield investor. Pretty well allocated, presently, but if I were looking for some buys, I'd consider several Santander issues:

     

    (NYSE:SAN)
    (NYSE:http://bit.ly/1dybAww)
    (NYSE:http://bit.ly/1nTU5Jt)

     

    Others:

     

    (NYSE:http://bit.ly/1nTU8oC)
    (NYSE:http://bit.ly/1kPak75)
    (NYSE:http://bit.ly/1nTU5ZQ)
    (NYSEMKT:http://bit.ly/1nTU5ZT)
    (NYSE:http://bit.ly/1nTU5ZU)
    (NYSE:http://bit.ly/rDQwTw)
    (NYSE:http://bit.ly/tfbCVq)

     

    P.S. Symbols went nuts when I edited, but the links go to the right places.
    28 Jul, 06:30 PM Reply Like
  • Land of Milk and Honey
    , contributor
    Comments (4049) | Send Message
     
    Author’s reply » T - thanks!!
    28 Jul, 07:01 PM Reply Like
  • CWinn1970
    , contributor
    Comments (337) | Send Message
     
    LOMH,

     

    I've done good with ING, now Voya, funds. I was looking at (NYSE:IHD), but ended up buying (NYSE:IGD). Picked it up in January at $1 less than it's at today and have also received the monthly dividends.
    28 Jul, 08:43 PM Reply Like
  • Land of Milk and Honey
    , contributor
    Comments (4049) | Send Message
     
    Author’s reply » CWinn

     

    I've never looked at ING funds, and now you and Tack are both mentioning them :). I haven't even heard of Voya before. Thanks for the heads up on the INGs. Interesting switch to global over emerging. Good buy for you, congrats!

     

    Any thoughts on the fees? High but worth it?
    29 Jul, 09:09 AM Reply Like
  • CWinn1970
    , contributor
    Comments (337) | Send Message
     
    I need to start making notes when I purchase so I can remember my reasoning. Not sure why I chose the global over emerging. Fees run under 1.5% on both of them. The emerging fund has a better total return over the last year 16% compared to 12%.
    29 Jul, 03:16 PM Reply Like
  • Fear & Greed Trader
    , contributor
    Comments (4974) | Send Message
     
    T,
    thanks for the intro to (NYSE:SAN) I bought @ 10.50 then added @ 9.80 when the portugal bank fiasco hit ...

     

    luv the yield .. :)
    28 Jul, 07:47 PM Reply Like
  • Tack
    , contributor
    Comments (13264) | Send Message
     
    FG:

     

    The SAN subs are just as good, if not better.
    28 Jul, 08:21 PM Reply Like
  • South Gent
    , contributor
    Comments (3065) | Send Message
     
    F & G: Just as a reminder, I avoid Spain's withholding tax by reinvesting the SAN dividend. If you take the dividend in cash, you will be hit with the withholding tax.

     

    Most brokerages do not enroll customers in a DRIP plan and instead make open market share purchases with the customers dividends, usually on the day of the dividend payment. That leads to wide disparities in the reinvestment price which I document in my blog.

     

    I noted receipt of SAN's last dividend on 5/12/14 in the amount of $57.59 which was used to buy 5.949 shares at $9.68:

     

    Scroll to Snapshot at
    "Santander (NYSE:SAN) and Santander Brazil (NYSE:http://bit.ly/1oDkps2 both):"

     

    The trading range on 5/12/14 was $9.97 to $10.05, indicating that the reinvestment was done in this instance at an earlier date. I own my SAN shares in a Fidelity account.

     

    In a family members account at Vanguard, I see a notation that the share have been tendered somewhere for receipt of the dividend in shares, and no foreign tax is withheld.

     

    If a taxpayer has less than $300 in foreign taxes as a single person or $600 as a couple, they can take a credit on their U.S. taxes without filling out the hated Form 1116 which takes time and limits the credit to what you would have paid in taxes without the credit on that foreign income.

     

    http://bit.ly/1jh1OyA

     

    In my view, it is best to avoid the foreign tax liability whenever it is possible, provided the security is not being irrationally priced by the market. I have taken all of my SAN dividends in shares so far and have not changed my option.

     

    I would make the same observation as before about SAN. If it was a U.S. only bank, I would avoid it based on its operating metrics, including its NPL (non-performing loans to total loans) ratio. SAN does have operations in the U.S. but the potential for loan growth is much better with its operations south of the border than for U.S. banks; and its high NPL ratio is at least coming down from even more elevated levels.
    28 Jul, 08:27 PM Reply Like
  • Land of Milk and Honey
    , contributor
    Comments (4049) | Send Message
     
    Author’s reply » SG

     

    Thanks for the info on witholding and thoughts on (NYSE:SAN). Good to know that nothing big is standing out for you on it.

     

    Scottrade doesn't seem to do drips, but a substitute process. I'll have to do it in my Vang ROTH account, and see if I can avoid the tax.
    28 Jul, 11:07 PM Reply Like
  • South Gent
    , contributor
    Comments (3065) | Send Message
     
    LMH: I can confirm that Vanguard will reinvest SAN's distribution without a withholding tax. You have to elect to reinvest the distributions. In every case so far, there would be a notation in the account that the shares have been submitted for the reinvestment and then they come back with the shares bought with the dividend and no withholding tax. Fidelity makes no such notation but the result appears to be the same. I have noted that Schwab did not permit reinvestment of a SAN dividend when I last checked that out. Anyone can confirm that by entering a purchase order for SAN at Schwab and then elect to reinvest the dividends. Before the order is allowed to be placed, a notice appears that SAN's dividends can not be reinvested.
    28 Jul, 11:13 PM Reply Like
  • Land of Milk and Honey
    , contributor
    Comments (4049) | Send Message
     
    Author’s reply » T

     

    I don't know what a SAN sub is, but hopefully I'll find out. (Oh, you mean substitutes for SAN :) .)

     

    I'm going to try to post the list with the symbols, and see if SA lets it happen:

     

    (NYSE:SAN) - 6% - catalyst is upcoming election
    (NYSE:BSBR) - 2.75%
    (NYSE:BSMX) - am I reading that right 27% yield?
    There's almost no SA articles on it. What's a good source to learn more? Actually true for almost all of these.

     

    Are they all three through (SAN)?
    Are you looking at common stock, or preferreds on these (above and below)?

     

    (NYSE:CIG) - 8.55% - energy Brazil
    (NYSE:SID) - 4.75%
    (NYSE:IAE) - 9.43% - ING fund
    (NYSEMKT:CH) - 12+% - Chile fund, way off it's high. Why? Good or bad portend for future growth?
    (NYSE:IHD) - 9% - ING emerging markets
    What are the ING fees? Obvious 9% makes up for a lot of fee.
    (NYSE:VALE) - 5+% - Tack, you've been talking about this one for a while and it's up a lot, still going? It's a miners, which seemed out of my league to understand.
    (NYSE:POT) - 3.8% - Potash

     

    Thanks for all the ideas. These would add versatility to my portfolio.
    28 Jul, 11:26 PM Reply Like
  • Land of Milk and Honey
    , contributor
    Comments (4049) | Send Message
     
    Author’s reply » SG

     

    Okay, so definitely I'll buy in my Vang Roth (if I pick SAN, some of the others look good too.) ...and I'll look for the reinvest option.
    28 Jul, 11:33 PM Reply Like
  • Tack
    , contributor
    Comments (13264) | Send Message
     
    LMH:

     

    Subs means subsidiaries, or affiliates.

     

    Not sure where you are getting your yield information, but they are off a bit. Also, keep in mind that many international issues do not pay a flat-rate dividend, so they can vary, quarter to quarter.

     

    Current indicated yields:
    SAN - 8.11%
    BSBR - 14.41%
    BSMX - 8.38%
    CIG - 12.24%
    SID - 10.56%
    IAE - 9.44%
    CH - 12.86% (Price now back to NAV, which is rising)
    IHD - 9.04%
    VALE - 8.33% (Way off prior highs, lots of room to rise. World's 2nd-largest miner)
    POT - 3.83% (My only low-yielder, but world's largest fertilizer company, well below prior highs and good inflation hedge)
    29 Jul, 08:03 AM Reply Like
  • Tack
    , contributor
    Comments (13264) | Send Message
     
    LMH:

     

    Note:

     

    Putting SAN into a reinvestment option will not protect you from the 21% withholding tax if the dividend is paid in cash. You must opt to receive the dividend directly from SAN in shares, rather than cash. Most brokerages advise you prior to each quarter to select the method by which you wish the dividend, along with associated tax implications.

     

    This also applies to lots of international issues in markets where withholding taxes apply. If you buy international CEF's, then you'll be subject to some withholding taxes unavoidably, but they can be filed as a credit on your taxes.
    29 Jul, 08:06 AM Reply Like
  • South Gent
    , contributor
    Comments (3065) | Send Message
     
    LMH: For Vanguard, the account is initially set up to reinvest all dividends or to take everything in cash.

     

    Thereafter, you can change the reinvestment option in two ways.

     

    First, you can click the tab at the top "My Accounts" and scroll to "Account Maintenance". Click that tab and then Click the entry "holding level dividend and capital gain elections" under account profile. Then click "change elections". That was the hard way but it allows you to manage all of the holdings on just one page.

     

    The easier way to change just one option is to simply click the name of the security after it is in your account, scroll to "holding options" and then click "edit" if you want to change it from "cash" to "reinvest" or vice versa.
    29 Jul, 08:57 AM Reply Like
  • Land of Milk and Honey
    , contributor
    Comments (4049) | Send Message
     
    Author’s reply » T

     

    I was getting the div % off the SA listings. Double checked that high one by dividing div/price. There's been comments before that the SA numbers can be off, as well as accurate, so seems to be the case again.

     

    Thanks for the added div info. All stuff to learn about.
    29 Jul, 08:59 AM Reply Like
  • Land of Milk and Honey
    , contributor
    Comments (4049) | Send Message
     
    Author’s reply » SG

     

    Good tutorial - I'll look for those!
    29 Jul, 09:00 AM Reply Like
  • User 7415181
    , contributor
    Comments (703) | Send Message
     
    Hello, everybody.

     

    I have a couple hours of freetime this am before I get to packing, so this will be a trade that I would be willing to make with a small amount of money in real life as an experiment. But I'm still up in the air as to how much money we need for the move/new furniture, so this will be make-believe.

     

    (NYSEARCA:RUSS) - buy @ 13.07 this am (approx 0940). That's the 3x leveraged bear Russia etf.

     

    I will sell it in two weeks time, so that would be August 12 when I would have to report.

     

    Reasoning is that the underlying etf, (NYSEARCA:http://bit.ly/T9atEI), has crossed below its' 300 day sma, the 50 day sma looks like it has failed to cross above the 200 day sma and the 100 day relative strength is below 50 (which most funds I'm looking at are at 50 to well above that).

     

    This is just an idea I was mulling over recently which is to evaluate momentum on an etf and then pick either a bull or bear leveraged fund based on the underlying. I have not played around with a leveraged fund in a few years (which luckily ended up with me breaking even after many months), so this is quite a bit different from what I'm used to. I like to think I know more than I did at the time and have better patience, but who knows?

     

    Comments, criticism, and hate welcome!
    29 Jul, 10:02 AM Reply Like
  • Fear & Greed Trader
    , contributor
    Comments (4974) | Send Message
     
    connecting the dots:

     

    (NASDAQ:WYNN) reported a great quarter - with good results form their Macau operations

     

    It bodes well for continued appreciation for my fav in that sector (NYSE:LVS) --pays a 2.7% div..
    29 Jul, 10:05 AM Reply Like
  • South Gent
    , contributor
    Comments (3065) | Send Message
     
    One of my regional banks (NASDAQ:UBSI) is up over 5% this morning after reporting earnings that beat expectations by just one cent per share. Someone here owns or has owned that one as I recall.

     

    Earnings Report http://bit.ly/UIE9OO

     

    This kind of pop based on this report suggests that many of these banks have such low expectations that anything resembling good news can result in what appears to be an overreaction to the upside.

     

    My shares were bought in November 2009 at $16.56 and currently yield 7.66% based on my total cost numbers. This regional is an example of a bank that continued to raise its dividend during the last recession, and its aftermath, but the rate of growth is really slow historically:

     

    http://bit.ly/108sp3r

     

    The quarterly dividend was $.15 per share in 1996 and is currently at $.32. Sort of like watching grass grow.
    29 Jul, 12:07 PM Reply Like
  • Land of Milk and Honey
    , contributor
    Comments (4049) | Send Message
     
    Author’s reply » .SG

     

    I don't know... even grass grows faster than that :).

     

    That pop is interesting.
    29 Jul, 01:42 PM Reply Like
  • BlueSkyForever
    , contributor
    Comments (1606) | Send Message
     
    Wednesday is going to be a powerful day for the market.

     

    http://cnb.cx/UJcJIz

     

    GDP 2nd Q data, and Fed update....then we have the jobs # on Friday.

     

    Any bets on what will happen?

     

    We have Russia & Gaza/Israeli conflict weighing on the market, but if the GDP # is good, we make progress in ending the fighting in Gaza.....then if the jobs # is good, we could see a nice pop to the upside.

     

    On the other hand, could go badly. Then we might see a good buying opportunity.

     

    Twitter just reported a good quarter, went up big.
    29 Jul, 06:05 PM Reply Like
  • Fear & Greed Trader
    , contributor
    Comments (4974) | Send Message
     
    Blue
    The 'noise" is ratcheting up ! & like u mentioned the fireworks may begin tomorrow !!
    29 Jul, 06:15 PM Reply Like