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I find investments are very different and difficult in these extremely Interesting Times!! We hear whispers of manipulation. QE'S that have never been done before. Then we have a template experiment in Cyprus to see the worlds reaction. I just ask everyone to sit back and ask themselves "... More
  • Interesting Times For All Commodities And Investments!! Chapter 7.......... 188 comments
    Jun 11, 2013 9:20 AM | about stocks: VBR, SCJ, MO, PM, TNH, COP, GIS, KMP, GGN, MDLZ, MUX, VYM, VXF, PLG, KKD, DBC, MORT, PFL, PHD, VVR, JRO, MTGE, NRF, RAS, PMM, MHI, NZF, KCAP, CHI, NCV, SAN, BBVA, VE, VGR, AWP, IGR, GPL, AUY, LYSCF, PSEC, PSLV, REMX, SLV, GNT, RAD, GDXJ, LMNX, NEM, ABX

    Where do commodities go from here, are stocks and bonds still sound investments? Oil. Etf's Physical metals..

    Folks.. we are growing and posters like it. If you are new to investing then this site is for you.

    I am going to be the first one to admit that I haven't a clue when or if Gold and Silver will ever take off in price. I expect they will though. Additionally I don't see much coverage or articles pertaining to the other commodities. So I would like to start up a blog where every commodity, and every investment is on the table for discussion. Even political questions. I only ask that you be courteous!!

    Someone posted the difference between being smart, foolish, and a moron. Well I have been all of the above and I will "man up" and admit it! However I came away from those experiences with both battle scars and knowledge.

    For years I have been reading basically any day now Gold and Silver will explode. Yet somehow the can gets kicked down the road and I live to learn another lesson. Then Sprott's ETF'S are talked about as being safer then others. (NYSEARCA:PSLV) is the silver ETF.

    With all the QE'S basically not creating any new jobs what will be the consequences in the future?. Will we be "CYPRUSED "?, are we in a serious stock market bubble? Obviously we read daily about these concerns but what about other commodities? Here is where most of us are uninformed and relish an education.

    Stocks are fine to discuss as well. All of us know that commodities should only be a % of your portfolio. I owned (NASDAQ:PSEC) and liked the dividend. Others may not ! So please feel free to entertain your picks and why!

    REE'S have been an interest for a few of us over the last couple of years. I had exposure to Lynas (OTCPK:LYSCF). Some posters might have questions about this group as well.

    If you disagree with a post please bring proof and display your argument. If you agree with a post, find one interesting, or have questions please feel free to respond. We must remember were all in this together. So if you want to talk (NYSEARCA:GLD) or (NYSEARCA:SLV) that is fine.

    Now if some have an opinion on Copper, Zinc, Palladium, etc. Do not hesitate to post that. Most of us might not understand the post but I am sure well be open to learning. Lumber might interest someone and I would like to learn why I should invest in it. PLEASE bracket any symbol you use so that I can include that in the topic forum. It also allows a reader to click on it and get some data as well.

    My part time job is a college and high school official so I can sit here and referee all day long. I honestly hope that ALL will be professional with their comments. So lets see who comes on board. Looking forward to what can become a nicely knit group of diversified investors.

    I have invited a few Authors whose work I admire to bring their expertise to the forum here as well. Tom, Eric, Hebba, Doug, Chris, Focal Point, Tack, to name a few in no particular order. I am sure they will drop in once in a while to voice their opinions. Please feel free to ask your favorite Authors to join in the discussion as well.

    These are highly recommended people that I suggest you follow as well. I have learned a ton from them and find their work both challenging and engaging. Two areas that I hope inspire people who normally don't post to now feel free to do so !!

    Now I also feel compelled to encourage the use of the like button. It is human nature that once someone posts and see the like button add up they will feel they made a valid point. Upon that feeling they will post again! So if you do like what someone posted, either a question or an answer PLEASE use it ! It might help our core grow exponentially as well.

    As you see I have stopped adding any new symbols as they were growing way too fast for me to keep up !!

    We are living in some very INTERESTING TIMES !!

    Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours.

    Additional disclosure: (NYSE:ESV)(NYSE:MRK)(NYSE:NVS)(NYSE:JPM)(NASDAQ:AAPL)(NASDAQ:EBAY)(NYSE:GDL)(SLV).....MORE TO COME!!

    Stocks: VBR, SCJ, MO, PM, TNH, COP, GIS, KMP, GGN, MDLZ, MUX, VYM, VXF, PLG, KKD, DBC, MORT, PFL, PHD, VVR, JRO, MTGE, NRF, RAS, PMM, MHI, NZF, KCAP, CHI, NCV, SAN, BBVA, VE, VGR, AWP, IGR, GPL, AUY, LYSCF, PSEC, PSLV, REMX, SLV, GNT, RAD, GDXJ, LMNX, NEM, ABX
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Comments (188)
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  • Interesting Times
    , contributor
    Comments (14917) | Send Message
     
    Author’s reply » SURVEY, SURVEY,.....PLEASE let me know if this is part of a correction or profit taking or just another trading day !.. Just let me know what you think as I will be doing a tally!!

     

    No reason needed just answer CORRECTION, PROFIT TAKING, NORMAL TRADING DAY, or OTHER !!!

     

    Thanks..
    11 Jun 2013, 09:55 AM Reply Like
  • Interesting Times
    , contributor
    Comments (14917) | Send Message
     
    Author’s reply » PAWS

     

    Sorry , by changing my question I lost your answer. Please post again. Thanks!!
    11 Jun 2013, 09:57 AM Reply Like
  • tampat
    , contributor
    Comments (1375) | Send Message
     
    Ok, I say 'all of the above'.
    11 Jun 2013, 10:31 AM Reply Like
  • South Gent
    , contributor
    Comments (5760) | Send Message
     
    I think that I will take a nap after being up late last night. I did place some orders for some bond CEF's earlier today, 1 or 2% below the then existing market price which was down already 1% or 2%. One problem with that approach is partial fills which happened to me today for a municipal bond CEF. When doing that kind of trade, I could enter a All or None order but that kind of order is not displayed to the market and may consequently not be filled even on a further downdraft. I do that most of the time, but today I had no restrictions and received an order fill for 58 shares. Once, I received a fill for 1 share and still wonder who sold me that one share.

     

    All of those funds have been smashed pretty good since early May and have unusually high discounts to their net asset values. Unfortunately, many have durations in the 6 to 10 year range which enhances their interest rate risk.

     

    See List of Nuveen Muncipal CEFs:

     

    http://bit.ly/19IjkXo

     

    As a rule of thumb, I just multiply the duration by a percentage rise in interest rates to arrive at a ballpark estimate of potential losses.

     

    A 6 year duration bond fund will decline approximately 12% with a 2% rise in rates (actual number will vary depending on many factors)

     

    Vanguard: "Get to Know Your Bond Fund's Duration"
    http://bit.ly/13NfZTo

     

    FINRA:
    http://bit.ly/15yDEeq

     

    For individual bonds, you can plug in the relevant data and find out the duration, which is not the same as the years to maturity, at this site:

     

    http://bit.ly/113SkOf
    11 Jun 2013, 12:02 PM Reply Like
  • Land of Milk and Honey
    , contributor
    Comments (8498) | Send Message
     
    @southgent

     

    1 stock? How lonely it must have been. :).
    12 Jun 2013, 12:06 AM Reply Like
  • South Gent
    , contributor
    Comments (5760) | Send Message
     
    Curls: I would pay a $100 to know the identity of that person, just to have a brief conversation with him or her, most likely not an institutional seller.

     

    In case anyone is interested in reading the rule on the display or odd lot and AON orders, this is a link to section 17 C.F.R. 242.2:

     

    http://bit.ly/14wDelL

     

    CFR stands for the Code of Federal Regulations, needless to say a multi-volume tome which seems to be expanding in a parabolic fashion each year, much larger than the Internal Revenue Service Cod and slightly less boring to read.
    12 Jun 2013, 09:57 AM Reply Like
  • Land of Milk and Honey
    , contributor
    Comments (8498) | Send Message
     
    More slightly exciting than an IRS manual. ... I'll get right on it.

     

    Here's an invented thought on that lone person's stock. They sold but mistyped the number, or had dividend part share...and had 1 left.
    12 Jun 2013, 10:10 AM Reply Like
  • Dr. Duru
    , contributor
    Comments (2107) | Send Message
     
    CORRECTION. My specific opinions here: http://bit.ly/11JmLJW

     

    I am watching currency markets closely, particularly the yen and the Australian dollar. The strength in one and the weakness in the other seems like part of carry unwind that is not supportive of stocks. The wild and sharp gyrations in the Nikkei are like the loud creaks in a house about to lose a wall or something. However, I am not alarmist. At some lower level (soon), there SHOULD be great trading opportunities to ride to the upside.

     

    Like everyone else I suppose, I am keeping an eye on interest rates in the corner of my eye. I am surprised that the dollar has been so weak with rates on the move up, but it seems the carry unwind is a stronger force with folks piling back into the yen via USDJPY?
    13 Jun 2013, 05:33 AM Reply Like
  • Interesting Times
    , contributor
    Comments (14917) | Send Message
     
    Author’s reply » @DR D

     

    Thanks for accepting my invitation to post some comments. Please follow his articles folks as he makes great points. Dr. You can also add some links that you think are relevant.

     

    I know you are busy so I appreciate it !
    13 Jun 2013, 08:48 AM Reply Like
  • tampat
    , contributor
    Comments (1375) | Send Message
     
    Dr. Duru,

     

    Enjoyed the T2108 commentary.
    13 Jun 2013, 11:02 AM Reply Like
  • Rinascimento
    , contributor
    Comments (1542) | Send Message
     
    IT

     

    Normal trading day for me...like the song says some days are diamonds, some days are stones
    11 Jun 2013, 10:08 AM Reply Like
  • Interesting Times
    , contributor
    Comments (14917) | Send Message
     
    Author’s reply » OTHER can mean buying opportunity as well. Some are still learning !!

     

    @RIN
    I opened a new Chapter for you since it was taking too long to load. If someone knows how to add more symbols on the top please let me know. I have them spread out all over and I am not happy with that !

     

    BTW. You can add your reasons for your answer if you like. I did not want to bother you Folks but it would be helpful!!
    11 Jun 2013, 10:12 AM Reply Like
  • Land of Milk and Honey
    , contributor
    Comments (8498) | Send Message
     
    Definitely not profit taking. It wasn't a gentle movement in specific areas. @Tack's word "panic" selling fits well to how it feels. (His comment bottom of chapter 6)
    11 Jun 2013, 10:13 AM Reply Like
  • Rinascimento
    , contributor
    Comments (1542) | Send Message
     
    IT

     

    Yes my says I'm slow...has anybody been looking at (YY) lately?
    11 Jun 2013, 11:54 AM Reply Like
  • Land of Milk and Honey
    , contributor
    Comments (8498) | Send Message
     
    I took a quick look. What's catching your attention on (YY)?
    11 Jun 2013, 01:39 PM Reply Like
  • Rinascimento
    , contributor
    Comments (1542) | Send Message
     
    it has gone up nicely and yesterday...people are taking profits today
    11 Jun 2013, 02:25 PM Reply Like
  • Land of Milk and Honey
    , contributor
    Comments (8498) | Send Message
     
    @ Tack

     

    Did you look up futures sell-off separate from the news articles released? If so -- where / how?

     

    News is claiming todays start downward was BOJ's lack of expanded asset purchases nor extension to funding terms. I'm not seeing rate increase news. Did I miss it?
    11 Jun 2013, 10:33 AM Reply Like
  • bd4uandu
    , contributor
    Comments (2074) | Send Message
     
    I am shopping today not anxious to buy but window shopping. Profit taking hard pressed to find profits today, so far, Tuesday remember.
    11 Jun 2013, 12:04 PM Reply Like
  • Stilldazed
    , contributor
    Comments (3387) | Send Message
     
    Hi bd4,
    The Tuesday pattern works until some big boy outfit senses it can be used as a trap for retail investors, be wary of generalities of habit.
    11 Jun 2013, 12:24 PM Reply Like
  • bd4uandu
    , contributor
    Comments (2074) | Send Message
     
    Got ya stilldazed. Most of my Tuesday comments are tongue and cheek.
    11 Jun 2013, 12:26 PM Reply Like
  • Land of Milk and Honey
    , contributor
    Comments (8498) | Send Message
     
    @Stilldazed

     

    Do you think much market money is put in by individuals? I get the sense most would be brokers & big outfits. Also, can big outfits manipulate the brokers too?
    11 Jun 2013, 12:51 PM Reply Like
  • Land of Milk and Honey
    , contributor
    Comments (8498) | Send Message
     
    @ BD4
    A new theme for Tuesday - it looks like.... Needs a new name, hum. Tumbling Tuesdays. Tentative Tuesdays. ... Tumultuous Tuesdays. I like the last one.
    11 Jun 2013, 01:42 PM Reply Like
  • Stilldazed
    , contributor
    Comments (3387) | Send Message
     
    Hi Curls,
    Wow, your 2 simple questions have no easy answers. I'm afraid that my answers will only bring more questions that my limited knowledge, IQ and communications skills may confuse more than clarify.

     

    So here goes an attempt (anybody else with a better handle on this please feel free to jump in).

     

    While a lot of big money is handled by brokers and fund managers, (many using HFT computers and software to trade) there are the retail individual investors.

     

    I don't know what percentage of the market is made up of retail investors, but they are at a disadvantage to the HFT (high frequency trading computers) that have direct tie in to the market, make super quick decisions ( through algorithms in the software) and as seen in the recent flash crashes can control small parts of the market to do some weird, and for the retail investor devastating things. If you have stop loses in place, like in the latest flash crash in a couple of utility companies, you go to work and your stock is fine, come home and your position is gone at a loss, but the drop was wiped from the tape by the NYSE without unwinding the trades.

     

    Many people are invested in the market through 401k's, usually in funds of one sort or another, when the fund loses, they do. But an individual retail investor is fair game for the HFT's and must be smart and cautious. Yes, a retail investor can get caught up in the hype, emotions and even thinking that trends are set in stone, setting themselves up to be fleeced by a machine or person that sees the retail investor trend and takes advantage of it. Due Diligence is your only friend, and when you have done it to your satisfaction, place your bet and take your chances. It's all a crap shoot lately.

     

    Ouch, I just reread this and didn't mean to sound so negative, just cautionary. Hope this helps some. ;-)
    11 Jun 2013, 03:43 PM Reply Like
  • bd4uandu
    , contributor
    Comments (2074) | Send Message
     
    Maybe Tsunami Tuesdays?
    11 Jun 2013, 04:23 PM Reply Like
  • Land of Milk and Honey
    , contributor
    Comments (8498) | Send Message
     
    I wrote & posted a reply - where'd it go?? I'll write it again, so there.

     

    Thanks Stilldazed -

     

    I've even been using limits for regular trades. May miss small transactions improvements, but limits risks from HFTs. Scottrade dropped it's $12 limits to same as $7market trades. I'm suspecting to avoid issues over HFT drops (be able to say, but you could have choose a limit trade.)

     

    I'm having a hard time picturing there's enough money in retail for big boys to take advantage of. They may be playing brokers too?

     

    I simply watched S&P today. Tried to predict my expectations then compare. There were several straightup moves for 4-5 pts. Had to be computers & big firms. Anyone else see distinct computer patterns?
    11 Jun 2013, 04:45 PM Reply Like
  • Land of Milk and Honey
    , contributor
    Comments (8498) | Send Message
     
    ooooh I really like that.

     

    Tsunami Tuesdays. A new name for days like today.
    11 Jun 2013, 04:47 PM Reply Like
  • tampat
    , contributor
    Comments (1375) | Send Message
     
    curls,

     

    A person could go crazy trying to analyze the minute by minute moves of SPX.
    A seasoned intraday trader will likely use the technical indicators and/or chart formations to gauge buy/sell points, or perhaps a breaking news story.
    Intraday trading (and making a profit) is much more difficult than it might appear and I don't know how one could identify computer patterns just by watching each tick. Computers can trade in and out in seconds/minutes.
    11 Jun 2013, 06:20 PM Reply Like
  • Fear & Greed Trader
    , contributor
    Comments (9801) | Send Message
     
    Still,

     

    Agree with your overall assessment , and that is the reason I do not use stop loss orders. Ever.. whether it be a long term holding or a 3- 6 month trade .

     

    Happy Investing..
    11 Jun 2013, 06:30 PM Reply Like
  • Land of Milk and Honey
    , contributor
    Comments (8498) | Send Message
     
    tampat

     

    I made predictions, then watched. For the most part, I was right but the movements happened earlier than expected (which wouldn't be a problem.) I wasn't watching ticks, but overall patterns.

     

    The 3 straight up for 4-5 $s were so unnatural. It had to be computer / big firm movements. It's not evident in the (VOO) Vang 500 tracking S&P, but on the S&P chart it stands out easier so it can be spotted.

     

    Any day traders here, who've noticed? Or anyone have an opinion?

     

    As a programmer I have a strong sense of computers as human algorithms. They do what we tell them. ....even when we didn't mean it. (And I've had some where I really didn't mean THAT.)

     

    So Tampat, have you found short term trades over days/weeks are easier to make something than day trading? That'd be something good for me to know.
    11 Jun 2013, 06:49 PM Reply Like
  • tampat
    , contributor
    Comments (1375) | Send Message
     
    curls,

     

    "So Tampat, have you found short term trades over days/weeks are easier to make something than day trading?"

     

    Yes, absolutely.

     

    You can make money trading intraday but you need to be glued to your computer screen and know in advance when you are going to close out your position and have a firm stop-out price already established in case things don't go as planned.

     

    I mean really glued to the computer. If you go to the bathroom or go to make a sandwich you could come back to a nasty looking screen. You can get a very quick move against you and close out your position only to see 15 minutes later it come right back. On the other hand, if you see that move against you and decide to wait for the comeback, then it doesn't and just keeps moving further away to give you bigger losses.

     

    Also, and this is the most important thing, there is an enormous difference between watching the market move and predicting up or down when you don't have any money invested compared to when you actually have your money in the market.

     

    Emotions (greed/fear) play a huge role in trading and is the biggest factor in your success or failure.
    11 Jun 2013, 07:01 PM Reply Like
  • Land of Milk and Honey
    , contributor
    Comments (8498) | Send Message
     
    Tampat:

     

    Good points. Thanks. Yep, emotions make it harder to think. Also that answers to my frustration that it takes being glued to the screen. So ... I need to learn, so I can try out doing short terms.
    11 Jun 2013, 11:06 PM Reply Like
  • Land of Milk and Honey
    , contributor
    Comments (8498) | Send Message
     
    Ops, I found my reply... I had this blog open in two windows (four windows actually). ... and they let me near my money to trade it?

     

    So I'm with Stilldazed,
    I'd be interesting in other poster's thoughts also!

     

    (On whether there's enough retail for big boys to get much from them - i.e. really target them. Also, can big outfits manipulate the brokers too?)
    12 Jun 2013, 12:10 AM Reply Like
  • Interesting Times
    , contributor
    Comments (14917) | Send Message
     
    Author’s reply » @STILL

     

    Great response to that question.

     

    @CURLS

     

    Were you ever called a bulldog? I have never seen someone so thirsty for information. I think that is great and I bet you did well in school. Looks like everyone was cordial today.

     

    VENTING !!

     

    I had to deal with my neighbor being placed in an assisted living home. Broke my heart that his partner ( not married) for over 15 years could not give a shi@ what happened to him. Guy has cancer, plus a ton of other medical conditions and me and my wife had to handle it all. Were next door neighbors.

     

    I am venting here as it was tough seeing a guy basically losing his self esteem right in front of my eyes. I had to take him from a rehab center to this place. Gotta tell you I don't want my last days on earth to end up in one of those places.

     

    His partner didn't even want to take the ride with us, yet rings my bell over the last 2 weeks to bring him his mail. Now at 10 pm he calls me and said he has never felt this lonely in his life.

     

    Sometimes outside events put a lot of things into a clearer picture.. Sorry to rant but I am also heartbroken tonight for him as well as my wife. For those who have had to deal with this with family is tough enough. But a neighbor basically being thrown out on the street?

     

    Needs oxygen all day long, was sleeping in the garage before all hell health wise broke loose a few weeks ago. I could go on and on. Life isn't fair and I complain because I had a failed back surgery 6 years ago?

     

    Yet when he talks he think his relationship with this women is wonderful. He is even worried about her paying the bills on her own. When I asked what she was collecting from her dead ex husbands pension I was told he has no idea, that he can never even think of asking! Or from the state for her mentally challenged son.. Nope no clue and it was none of HIS business to ask. Not none of MY business..

     

    Talk about some dysfunctional families. So I took upon myself to do all I could strength wise to help him move boxes and what little clothes he had. Trust me we do not live in a cheap area either!

     

    So now I am in some discomfort to put it mildly with my back and I am sure this women is tucked in nicely for the night!

     

    Tough day ! Sorry folks but I had to get it out. Now tomorrow I have to pick some stuff up for him to keep occupied as he was a great hands man with tools. Lonely has to be the worst feeling in the world..
    12 Jun 2013, 12:37 AM Reply Like
  • Interesting Times
    , contributor
    Comments (14917) | Send Message
     
    Author’s reply » F&G

     

    That flash crash hit a few investors I knew pretty hard who had stop losses. I remember the DOW the day it dropped 1k points it seemed in like minutes. My fellow traders blew right through their stops, sold at a steep loss, only to watch the stock rebound within a short period of time

     

    They swear that since they believe it was manipulated they will never use stops again. I have posted a few other flash crashes over time. I don't day trade too much anymore but I won't ever use them either!
    12 Jun 2013, 12:43 AM Reply Like
  • Interesting Times
    , contributor
    Comments (14917) | Send Message
     
    Author’s reply » @PAWS

     

    "If you go to the bathroom or go to make a sandwich you could come back to a nasty looking screen"

     

    No eating or breaks during trading hours. Haven't you learned that already if you day trade?

     

    Maybe a bowl of puppy chow and a wee wee pad would work?

     

    Just sayin..
    12 Jun 2013, 12:47 AM Reply Like
  • Land of Milk and Honey
    , contributor
    Comments (8498) | Send Message
     
    Can I add something that might make it feel a little better - or might not? I'd bet that the not-quite-wife is just as upset as you are but is dysfunctionally in severe denial. By not doing anything, she can pretend she's not experiencing this. It's completely terrible... and not who you want in your life. But it can help to cut some slake by knowing she's deeply confused & a mess, not just completely insensitive. Their relationship might have worked years ago.

     

    He's wonderful that he had you there for him. What are neighbors for? In the old fashioned sense? The pain you feel will get better in a bit. Meanwhile what you accomplished for that little bit of pain (not so little), is all the world to him & those who take it from here for him.

     

    (They didn't marry so she could keep getting the checks.)

     

    On bulldogging, yes, I've heard it before though usually as "persistant." I can't change it - so I have to live with it, pluses & minuses :).
    12 Jun 2013, 01:17 AM Reply Like
  • Interesting Times
    , contributor
    Comments (14917) | Send Message
     
    Author’s reply » @CURLS

     

    Seriously she does not care. I know she has issues but had the nerve to have the man ask ME if I could now drive HER to her doctor appointments!!

     

    Funny as she cries poverty yet the UPS truck hasn't missed a day for a delivery. She might have a phobia, but put this guy 20k in credit card debt that I convinced him to just walk away from. He has no assets, no money, and was considering living out of his car for months as he worked out where he would end up,

     

    It would have been six feet under, I have known them for 10 years and they have NEVER gone out anywhere together. I am sure their is more to this story that I know. But I have seen enough .

     

    Thanks for the advice, but she doesn't care one bit. He was suppose to be placed today in an assisted home, then a roadblock came up and it might have been Thursday. When he said he might have to come *home* for 2 days he was told NO YOU CAN'T..

     

    Has 2 son's who live in Florida and when I called them to say their dad was ill I was told so? I just looked at the phone in disbelief. Gotta tell you I can go on and on. No one else will be seeing him in this assisted living place except me and my wife.

     

    He might be able to drive and was told to pick up the rest of his stuff asap..I can't go on , sorry ..Honestly he should not be driving either..
    12 Jun 2013, 01:29 AM Reply Like
  • Land of Milk and Honey
    , contributor
    Comments (8498) | Send Message
     
    Sigh. That's just so sad. It makes me grateful for my family.

     

    Well again, be glad you're the type person who did what you did. You have more joy on your bad days, than people like her or his children on their "best" days. They don't know how to feel it -- because it takes ability to care to feel it.

     

    Sigh again. I was more considerate to the mouse I just evicted from my home.
    12 Jun 2013, 02:01 AM Reply Like
  • Interesting Times
    , contributor
    Comments (14917) | Send Message
     
    Author’s reply » @CURLS

     

    Did that mouse have an NSA Tee shirt on? I hear they have a few rats running around nowadays!!
    12 Jun 2013, 07:29 AM Reply Like
  • richonsilver
    , contributor
    Comments (245) | Send Message
     
    I still say you have to let tough days roll off your shoulders. Too many people react too hard and fast these days to market moves. We have to remember what the electronic internet trading age has done to the market. As I see it, a lot of stocks/commodities that have a big swing one day often swing back soon enough. this , among others, is a reason i am long silver. Single day moves either way no longer affect me.
    12 Jun 2013, 11:53 PM Reply Like
  • Emmet Kodesh
    , contributor
    Comments (592) | Send Message
     
    You're right about assisted living....... the term is a misnomer though there is much variety in the 'sector.'
    13 Jun 2013, 01:44 AM Reply Like
  • bd4uandu
    , contributor
    Comments (2074) | Send Message
     
    Southerngent1951,

     

    I know you were following the Exide (XIDE) meltdown. Do you see any value in the Exide stock now?

     

    I am not that familiar with bankruptcy, thankfully, but it was my understanding that common shares are at the bottom of the totem pole.

     

    If the foreign subsidies are not included is it still a viable company as far as the common stocks are concerned?

     

    JPM (JPM) fronted them 500 million on what collateral?
    11 Jun 2013, 12:32 PM Reply Like
  • Fear & Greed Trader
    , contributor
    Comments (9801) | Send Message
     
    IT,
    Normal trading day - with more volatility baked in.
    11 Jun 2013, 12:43 PM Reply Like
  • Interesting Times
    , contributor
    Comments (14917) | Send Message
     
    Author’s reply » @F&G

     

    Great choice at 1 pm...Why not wait until 4 ish?? Geez.

     

    Wanna pick the winner of the Belmont for me? lol
    12 Jun 2013, 12:49 AM Reply Like
  • Fear & Greed Trader
    , contributor
    Comments (9801) | Send Message
     
    Not bragging , but i actually did have the winner,, Palace malice -- I liked his name -- -- & before u ask I don't pick stocks using that criteria - LOL

     

    On the markets I see a lot of volatility here , every headline will have impact.. As Tack pointed out we are in "rate hysteria" mode
    12 Jun 2013, 08:56 AM Reply Like
  • Land of Milk and Honey
    , contributor
    Comments (8498) | Send Message
     
    Cute name for a racing horse.

     

    ... I found the 1pm review helpful. Helped me realize what was bothering me (creating emotion) was the increased volatility these days.
    12 Jun 2013, 08:59 AM Reply Like
  • Interesting Times
    , contributor
    Comments (14917) | Send Message
     
    Author’s reply » @F&G

     

    Well at least I had the 2nd and 3rd place winners.. No way I could handicap the winner though. FWIW I owned Harness horses for racing for over 20 years. What a tax write off that was. Not to mention the fun ! Hope you had a few pennies (krusty) on it !

     

    I had (my horse) the *track record* for an Aged Female Trotter. Have that winning photo up on my wall. Plus my childhood dream was to at least race at the Meadowlands in NJ. I went to college close to the track. Went most nights to the last two races as you paid no charge to get in and I would bet the late daily double. Did better then that, I WON at that track. We had investors in the group and at one point owned over 50 horses !!

     

    Ended up needing a bookkeeper to keep track of everything as you had to actually do investment research on every horse as well. Just like we do on stocks !! But it was a blast and would consider doing it again if I had the right investors.

     

    Been out of the business for close to 6 years as after my surgery I just could not put in the necessary time needed to pick out what horses we wanted to own.. Sorry, off topic again!!

     

    Wonder if Tampat frequents the dog races in Florida ??
    12 Jun 2013, 09:17 AM Reply Like
  • tampat
    , contributor
    Comments (1375) | Send Message
     
    You can stop wondering, I am not a dog racing fan. Those dogs are not treated humanely so if I were in charge I would outlaw it.
    Ever seen a greyhound farm where they house the dogs they use for racing?
    Ugh.
    12 Jun 2013, 09:45 AM Reply Like
  • Interesting Times
    , contributor
    Comments (14917) | Send Message
     
    Author’s reply » @TAMPAT

     

    I would have bet you would say that ! My wife and I saw how they were treated and even heard they are starved. We are animal lovers as my wife is always feeding the stray animals ( mostly cats, I try to not feed the Bears ).

     

    That is one reason I also got out of the horse business as well. They aren't treated very well either. Pretty sad to tell you the truth!
    12 Jun 2013, 09:54 AM Reply Like
  • robert.b.ferguson
    , contributor
    Comments (10491) | Send Message
     
    Trade the (VIX) volatility index http://bit.ly/11acIxW. Be carefull it's a fast mover. I've never been one to day trade. It gives me a headache and doesn't produce enough profit to make it worth my while. Once upon a time when the market was as rational as it ever gets I used stops. Since the first flash crash I stopped using them as it became clear that the quant monkeys were using them to manipulate the market. Retail investors are very wary at this point because the market has been irrational for such a long time frame buoyed up by endless QE and manipulated by Da Boyz and Uncle Sugar. http://bit.ly/11acHKk In fact many look at it more like a casino than an investment platform.
    12 Jun 2013, 03:05 PM Reply Like
  • Interesting Times
    , contributor
    Comments (14917) | Send Message
     
    Author’s reply » @ROBERT

     

    Greetings and welcome. Some here feel that the QE'S have NO EFFECT on the markets ! Can you explain why do believe they do?

     

    I am trying to show both sides of the coin here. Glad to hear from you. It has been a while
    12 Jun 2013, 03:31 PM Reply Like
  • tampat
    , contributor
    Comments (1375) | Send Message
     
    "...the QE'S have NO EFFECT on the markets!"

     

    LOL, really???
    12 Jun 2013, 04:15 PM Reply Like
  • tradewin
    , contributor
    Comments (653) | Send Message
     
    How do you make a slow horse fast? Stop feeding it.
    12 Jun 2013, 11:26 PM Reply Like
  • Land of Milk and Honey
    , contributor
    Comments (8498) | Send Message
     
    @ tradewin

     

    Lol, that expression fits so well...for QE.
    12 Jun 2013, 11:30 PM Reply Like
  • richonsilver
    , contributor
    Comments (245) | Send Message
     
    Went to the Meadowlands and bet horses for the first time in years. Got there in time to bet the Belmont followed by four harness races live... 0 for 5... well i had one 10-1 to place but broke even that race. As much as i enjoy the excitement at the track, I rarely do well. I will stick to silver in the long term.
    12 Jun 2013, 11:55 PM Reply Like
  • Interesting Times
    , contributor
    Comments (14917) | Send Message
     
    Author’s reply » @TRADE

     

    I owned race horses. I got better ways you would not even imagine what is done to them!!
    13 Jun 2013, 12:54 AM Reply Like
  • Windwood Trader
    , contributor
    Comments (4081) | Send Message
     
    You are hereby sentenced to the punatentiary!
    13 Jun 2013, 01:02 PM Reply Like
  • South Gent
    , contributor
    Comments (5760) | Send Message
     
    As I started to lose boatloads of investment grade bonds to calls from the issuers or the owner of call warrants for Trust Certificates, Uncle Ben forced this conservative investor into junk bond land in late 2010 with mixed results. One hazard is that these junk credits can declare bankruptcy and I have had a few of those so far including Exide earlier this week. I own two senior secured lien bonds maturing in 2018 so my exposure is limited and my unrealized loss is maybe a couple of hundred in excess of the interest payments that I received to date. I will not be receiving any more payments on that bond.

     

    I explain the exchange trade bond known as trust certificates in this post:

     

    http://bit.ly/TZTMNN

     

    JPM issued a Debtor in Possession loan which becomes senior to all pre-BK debt and is now the most senior obligation in the capital structure. It is now the most senior lien bond. Prior to the DIP financing, the first lien was a bank credit facility which had close to a $60M draw on it as of 12/31/12. The next lien was my 2018 bond lien which does attach to about 65% of the voting stock of those foreign subsidiaries. Virtually everything owned by Exide is covered now with multiple secured liens. The 2018 bond is now in effect a third lien bond.

     

    At the very bottom of this pecking order is the common stock. I would anticipate that the stock certificates will be cancelled in BK but no one knows whether something insignificant will be given to those shareholders. I view it as unlikely given that my bond is trading at 56 cents to the dollar:

     

    http://bit.ly/WbYdop

     

    A bond below my 2018, a senior subordinated unsecured bond maturing in September 2013, is trading in single digits with the last trade at 7 cents on the dollar:

     

    http://bit.ly/15Th4Mz

     

    The common stock is below all of the foregoing in the capital structure. There will also be unsecured claimants who have superior claims coming after whatever, if anything that is is left that is not covered by the liens. I do not know whether the JPM DIP security covers all of the foreign stock.

     

    You can see what the 2018 bond secured interest covers by reading the prospectus starting at page 33:

     

    http://1.usa.gov/SuxWEp

     

    Ask yourself this question. If you had $400,000 lien on your home and sold it for say $200,000, would you go into the closing and ask the escrow agent "where is my equity check".

     

    I would not even consider buying the common stock at its current price. Occasionally, I have seen a company improve a lot during the BK so that something insignificant is paid, but most of time, I believe that junior securities end up being cancelled altogether and their stock certificates have the same value as used toilet paper. You can not expect the owners of a senior secured bond to take a 40% hit and the common shareholders to be in the money.
    11 Jun 2013, 12:56 PM Reply Like
  • bd4uandu
    , contributor
    Comments (2074) | Send Message
     
    Thanks for the information. The reason I was wondering was the stock price spiked today and there were lots of giddy speculators out there. Like the DIP loan was some kind of saving grace for the company.
    How can the foreign subsidies be not subject to the same bankruptcy? I am assuming that they are treated similar to a francise?

     

    Thanks again you have an amazing wealth of information.
    11 Jun 2013, 03:52 PM Reply Like
  • South Gent
    , contributor
    Comments (5760) | Send Message
     
    Replying to myself on this one. Part of JPM DIP loan to Exide will be used to pay off the "current asset based lending facility with outstanding obligations of approximately $160 million".

     

    http://prn.to/17Fv2my

     

    That $160M number is a big increase from the $61.1M reported as of 12/31/12 at page 9:

     

    http://1.usa.gov/17x9AeL

     

    I do not know what caused that increase.

     

    If the bank credit facility loans in existence before the BK are paid off, then it is my understanding that the 2018 senior bond would still be junior to the DIP loan, but would become the most senior secured loan in existence prior to the BK that is still outstanding. That has no practical effect for the owners of that bond however, since the funds used to pay off the bank credit facility originate from the DIP loan. The press release also announced that some owner's of the 2018 senior bond would participate in the JPM financing deal.
    11 Jun 2013, 05:05 PM Reply Like
  • Land of Milk and Honey
    , contributor
    Comments (8498) | Send Message
     
    @ BD4

     

    Could it be run up by a player to make it look positive & pull in speculators. Then they'd sell out?
    11 Jun 2013, 05:53 PM Reply Like
  • bd4uandu
    , contributor
    Comments (2074) | Send Message
     
    I suppose that could have happened this is a 5 day chart ... http://bit.ly/11xDFIn
    19.5 million volume traded it today from .18 to .30. Somebody won and some lost.
    11 Jun 2013, 07:31 PM Reply Like
  • South Gent
    , contributor
    Comments (5760) | Send Message
     
    You see this kind of action whenever a firm files for bankruptcy. A certain type of investor likes to come into the mix and buy 10,000 shares of a .2 stock based on no analysis and no understanding of anything. This will actually continue for a long time until the shares are delisted from the major exchange and possibly continue at lower volumes thereafter in the grey market or other OTC market. Even when it is obvious that the shares are going to be cancelled, there are still people buying.

     

    Look at the Kodak shares traded today:
    http://yhoo.it/wVIMfF

     

    The plan for Kodak's restructuring announced in May called for the canceling of those shares!

     

    http://on.wsj.com/ZIkSN4
    11 Jun 2013, 08:06 PM Reply Like
  • Land of Milk and Honey
    , contributor
    Comments (8498) | Send Message
     
    BD4

     

    That is a peculiar shift from low. Not a natural looking development. Hum.

     

    Southgent

     

    Very good to know. That could be what's happening here. Hard to believe people are buying Kodak. While it's still a brand name, one has to believe if it could have been pulled out of brink, it would have ....before.
    11 Jun 2013, 10:55 PM Reply Like
  • South Gent
    , contributor
    Comments (5760) | Send Message
     
    A lot of this activity comes from pump and dump artists who populate the YF message boards. They buy 10,000 shares and then go to that one or some other to pump the stock hoping to sell it for a 10 cent per share profit.

     

    As to Kodak, they could have made it by keeping Eastman Chemicals, which was spun off to shareholders and Sterling Drug. Sure they paid too much for Sterling and then turned around and sold it for less than EK paid originally but it would have provided EK a gateway to expand a profitable line rather than the money wasted trying to compete with HP and other established vendors in the consumer printer business, which was just incredibly stupid.

     

    Many years ago, when EK still had some sway, Bill Gates wanted to meet with them to discuss a joint project. Gates met with the EK CEO to discuss this venture and the EK CEO fell asleep in the meeting. The deal never happened.

     

    http://bit.ly/13AiOWq
    11 Jun 2013, 11:06 PM Reply Like
  • South Gent
    , contributor
    Comments (5760) | Send Message
     
    The foreign subsidiaries are separate entities and may still be viable businesses. While I know almost nothing about BK law, it is my understanding that they can be excluded from the BK. However, Exide's stock ownership in those subsidiaries is now part of the bankruptcy estate. Those stock certificates are assets owned by Exide. There will be liens on those stock certificates. I simply do not know whether the liens cover 100% or something less at the moment.

     

    JPM is not writing a check for $500M to Exide. Look at its as a line of credit that Exide can use to pay suppliers, employees, etc during the BK if money is needed by it. If that loan did not exist, no supplier would sell anything to Exide, and consequently there could be no resurrection but only a liquidation. DIP financing is the method permitted by the BK code to keep the business afloat, assuring everyone of being paid for services or goods provided during the BK, while everyone works out the reorganization plan.

     

    All person and entities who had not been paid before the BK filing are just another creditor now in the BK, and those creditors have different levels of priority, ranging from the senior secured creditors, the unsecured senior bond creditors, the unsecured creditors who had supplied goods and services to Exide, and the claimants who have sued Exide but who have not reduced their claims to a final judgment. Please note that I have not yet mentioned the common shareholder who brings up the rear in that long line of claimants. I would not assume that the individuals inhabiting the YF message board know squat. One of them was impersonating me. I never leave messages there.

     

    I will give you an example of an unsecured claimant in BK court. Many years ago, I won a case for a company in the Jackson Tennessee federal court who declared bankruptcy shortly after that victory. The unpaid legal bills went into the pool of other unsecured claimants. As I recall, those claims including the unpaid legal bill were settled for less than 10 cents on the dollar and some type of senior subordinated bond was paid rather than cash. The firm made a few payments and then went under again.
    11 Jun 2013, 04:18 PM Reply Like
  • Krustyman
    , contributor
    Comments (958) | Send Message
     
    Everyone:

     

    (AFFX) seems ready technically. However, I did not analyze the financials yet. Anyone did?

     

    Krustyman
    11 Jun 2013, 04:32 PM Reply Like
  • tampat
    , contributor
    Comments (1375) | Send Message
     
    krusty,

     

    I'd be interesting in hearing, well, I guess I mean reading, about why you think now might good for AFFX. I'm always interested in learning about how others evaluate an opportunity.

     

    I took a quick glance at the financials on Morningstar and Google finance, not very pretty.
    But then, that doesn't always mean so much on a trade vs a long term buy.
    11 Jun 2013, 06:34 PM Reply Like
  • Krustyman
    , contributor
    Comments (958) | Send Message
     
    Tampat:

     

    I don't know fir others, but for me there is always gut feelings involved regarding trades. That's how I am wired. :-)

     

    The stock is consolidating for almost 2 months now without a new low and seems ready to go but it is also sitting just under the ma30 days and ma 200 days is right over, so I am a little confused. :-)

     

    In weeks, ma30 has flatten and ma200 is in the $5 area. That's why I think it could have some room to run.

     

    Finally, nobody is talking about that stock. That's a plus. :-)

     

    I don't know if I will buy or not. A traders' stock IMHO.

     

    Krustyman
    11 Jun 2013, 07:37 PM Reply Like
  • tampat
    , contributor
    Comments (1375) | Send Message
     
    krusty,

     

    After looking at the chart for a while I cant find a reason to buy AFFX technically, I dont know about it fundamentally.
    The 50 day MA is holding it for now so if I were to buy I would try to enter low-mid 3.50's and probably get out when it got near the 50 and 200 MA 3.70 ish for about an approx 20 cent gain. I try to keep it short and sweet.
    Not sure where I would stop out if going down, maybe below 3.50 or 3.20.
    However, I know what you mean by having a feeling about it so might be worth a fly.
    12 Jun 2013, 10:22 AM Reply Like
  • Land of Milk and Honey
    , contributor
    Comments (8498) | Send Message
     
    @southgent

     

    You have so much info, it's overwhelming for a newer person like me. Can I ask your expertise in a format that would be very helpful to newbies....
    ..........when you evaluate a stock, what are the factors you look at?
    (Only if you have time sometime :).
    12 Jun 2013, 12:16 AM Reply Like
  • South Gent
    , contributor
    Comments (5760) | Send Message
     
    I need to focus on managing my assets, and those of family members, during market hours. I will try to get back this evening on individual stock selection criteria. I will drag and drop here a discussion that involves the most important issue-The BIG PICTURE:

     

    Joseph: I thought that my eyes were deceiving me. Did you say that the market is going to revisit its 2009 lows this year?

     

    We are in different worlds. I would not pay any attention to matters that you view as critical and important. And conversely, you would reject my fundamental analysis of the positive economic forces coalescing to support a long term U.S. economic recovery which is consistent with a long term secular bull market in stocks. I cited some of that data to you before and you dismissed it of course, so I will not bother going over it again.

     

    I would note that I have some really simple timing models, one of which I may have mentioned to you in a previous comment. I call it the Vix Asset Allocation Model which gave a sell signal in August 2007 and before the October 1987 crash and a buy signal in September 2012 of this year. So far, that simpleton model is doing better:

     

    VIX Chart from 2007: Alerts and Triggers Major Disruption of Cyclical Stable Bull VIX Pattern

     

    http://bit.ly/12K50f1

     

    Vix Asset Allocation Model Explained Simply
    http://bit.ly/XIe6mV

     

    Mark Hulbert and the Use of the VIX as a Timing Model
    http://bit.ly/UfRZ8z

     

    Now I am not that sophisticated and I have been operating under a mental handicap caused by working for my father during summer vacations for $2 an hour back in the 1960s in the hot Tennessee sun, which fried and baked a few billion brain cells, so developing simple models is all that my mind can muster now.

     

    Based on a very limited number of fundamental reasons, I turned bullish in 1982 and sold out in 1999. As shown in my daily blog, I turned bullish in March 2009 and started to buy throughout 2009, 2010, 2011 and 2012, selling some winners along the way.

     

    The fundamental analysis was about as simple minded as you could get. I did not even have an MIT pet to help with this analysis.

     

    In 1982, I thought that Volcker had brought inflation under control which had been the underlying cause of the long term bear markets in stocks and bonds. Secondly, valuations were cheap. Third, Reagan was going to reduce taxes and I started to appreciate more the possibilities of the computer revolution then in its infancy. So four simple items that anyone could see really, nothing requiring much brainpower. Actually, having too much brainpower might obscure one's vision of the simple things.

     

    In 1999, that was easy. Without question, everyone just went crazy. I am not crazy so I sold.

     

    In March 2009, that was easy too. Best not to think too much about these big picture issues. First, stocks were really cheap. Second, the Federal Reserve and the government had saved the financial system. Third, extraordinary fiscal and monetary stimulus were being pumped into the economy. And, this last one required some historical knowledge. When the FED sent QE into overdrive in mid-March 2009, I wrote a post describing how the stock market had one of its most robust rallies ever after the FED launched QE in 1933 as FDR added fiscal stimulus. End of that analysis.

     

    http://bit.ly/14wE0PK
    12 Jun 2013, 10:04 AM Reply Like
  • Land of Milk and Honey
    , contributor
    Comments (8498) | Send Message
     
    Tampat - or Anyone who's in the know --

     

    You mentioned "As for those ETF's you aren't going to get the same yield as if you purchased each stock individually, "

     

    Is that technically true? How does that work?
    12 Jun 2013, 12:28 AM Reply Like
  • Interesting Times
    , contributor
    Comments (14917) | Send Message
     
    Author’s reply » Just reading through most of todays blogs I give you folks a standing ovation. EVERYONE seems to want to help each other..

     

    I find this amazing that we are approaching close to 1,000 comments and not ONE has had to be deleted for abuse.

     

    My congrads to all. My refereeing has been easy ! You folks are all doing the hard work for sure !!

     

    Hoping more and more join in. Spread the word though other articles if you are up to it!!
    12 Jun 2013, 12:54 AM Reply Like
  • bd4uandu
    , contributor
    Comments (2074) | Send Message
     
    Congrats you broke the top ten today.
    12 Jun 2013, 12:59 AM Reply Like
  • Land of Milk and Honey
    , contributor
    Comments (8498) | Send Message
     
    Misho on SA suggested these finds for longer term. So I'm passing them on. Anyone research them yet?

     

    "Buy a bit of Visa (outstanding, high margin, high barriers of entry business) or FedEx (somewhat undervalued with nice potential for 2014). "
    12 Jun 2013, 01:06 AM Reply Like
  • Interesting Times
    , contributor
    Comments (14917) | Send Message
     
    Author’s reply » @BDU

     

    As you can see this group just seemed to jell. It is you folks logging in daily to see what is being discussed. When you have such a diverse group opening their hearts and helping , well I find that really impressive

     

    Some go out of their way to even list what they own, knowing that were all rooting for you to make a great trade and money. I see in other articles people just drop comments and move on.

     

    NOT HERE !! Honestly where we end up on the list was a concern in the beginning. Not anymore, we have and are building a core of serious people who want to share what their secrets are.

     

    I AM SURE people are watching and hopefully will follow me as I post on the stocktalk updates. Some are missing out on a free education.

     

    DO I GET A LIKE FOR THIS?? ( like maybe a few? )
    12 Jun 2013, 01:08 AM Reply Like
  • Land of Milk and Honey
    , contributor
    Comments (8498) | Send Message
     
    Top 10? Soon we'll be #1. Easy street - we all talk about a stock, & in no time, it's bid up...lol. (I saw that with one of the SA author's. CNBC explained it went up after so&so from SA said...)

     

    @ IT - I've been liking away!
    12 Jun 2013, 03:15 AM Reply Like
  • Interesting Times
    , contributor
    Comments (14917) | Send Message
     
    Author’s reply » Ok , before going to bed I noticed I have about 600 more comments then LIKES. Come on folks, 600? man I use to be close to even. You guys need to spend a few minutes and start from the beginning and show me some love (likes)!!

     

    Won't take long but as I try to recruit newbies for us since FEAR like to take 3 days off a week we need new blood. Hence I need to look like I know what I am doing..

     

    So throw this dog a bone PAWS!! Recruiting isn't easy and I don't day trade either!

     

    If I have 300 posts and I get 4 LIKES per post from someone else I will look like I know what I am doing!!...

     

    Good Night and I expect after I get back from my chores in the morning some will have taken the time to like me like I like you !! Got that>>
    12 Jun 2013, 03:07 AM Reply Like
  • Fear & Greed Trader
    , contributor
    Comments (9801) | Send Message
     
    Don't sell yourself short you know what u are doing :)

     

    May have to increase to 4 days off as we go into the summer doldrums.. :) ...
    12 Jun 2013, 09:05 AM Reply Like
  • tradewin
    , contributor
    Comments (653) | Send Message
     
    Hello Fear&Greed, I have a question about Royal Dutch Shell preferreds. I have been under the impression that the B's get reinvested into A shares. They get taxed differently, one being U.K., the other Netherlands. Is there a way to structure the div. reinvest in order to purchase B only?
    12 Jun 2013, 11:33 PM Reply Like
  • Fear & Greed Trader
    , contributor
    Comments (9801) | Send Message
     
    No that familiar with RDS , so I'm not aware of any way to restructure, but can ask around to see if I can get a definitive answer.
    13 Jun 2013, 09:13 AM Reply Like
  • Interesting Times
    , contributor
    Comments (14917) | Send Message
     
    Author’s reply » Does anyone else have the answer to TRADEWINS question??
    13 Jun 2013, 09:31 AM Reply Like
  • Interesting Times
    , contributor
    Comments (14917) | Send Message
     
    Author’s reply » Do we have a bounce back day?

     

    F&G...Uh maybe before 3 pm you let us know what you think? Just sayin >>>
    12 Jun 2013, 07:34 AM Reply Like
  • Fear & Greed Trader
    , contributor
    Comments (9801) | Send Message
     
    I'm cheating, futures are up , so i say yes,, but believe we grind along here , - every headline now will move markets either up or down..
    12 Jun 2013, 09:01 AM Reply Like
  • Interesting Times
    , contributor
    Comments (14917) | Send Message
     
    Author’s reply » F&G

     

    You might be better handicapping the horses eh? lol

     

    You see cheating doesn't help unless you have inside information.. This is why I don't day trade. I heard the markets were up over 100 points and now they are down 100 ??

     

    Must have been a wild day for sure. Just gotta check my (PSEC) and hope it didn't get hammered today !

     

    Wanna try for tomorrows direction? I have to give you Financial Advisors credit, as it ain't easy in today environment. How does all of this QE'S and devaluing the dollar change your outlook ?
    12 Jun 2013, 03:46 PM Reply Like
  • Fear & Greed Trader
    , contributor
    Comments (9801) | Send Message
     
    No day trading here also, but hey, give me credit for calling extra volatility. :)

     

    First time this year we have had a three day losing streak, I believe that is the longest streak of that nature in history!.

     

    No advice on tomorrow, but have to go back to what I mentioned a few days ago, a trading range until we break one way or another. Short term trading will be extremely difficult because of days like today. Unless you can read the trend on a moments notice.. That's not for me.

     

    I don't let the "noise" of QE, dollar move in the short term affect my view at the moment. That will affect anyone trying to get the next short term move right. What I am looking at now is how the next earnings season will shape up. Market may already be trying to price in that forecast. So I'm really focused on that.

     

    I don't believe we see tapering in 2013, & other than what has transpired, I don't see any big rate moves on the near term horizon.

     

    Holding steady on my core positions , and keeping an eye on that watchlist. But we probably have more downside before it's time to nibble.

     

    Just my humble .02..

     

    One thing for sure ; Markets are always ready to confound the greater majority. & its. never dull !
    12 Jun 2013, 04:18 PM Reply Like
  • Emmet Kodesh
    , contributor
    Comments (592) | Send Message
     
    http://seekingalpha.co...

     

    The above article answers many of these questions on market and sector outlook in a time of debt-inflated asset values (bubbles). NB the recovery Wednesday of PM sector amid wide decline. Note also relatively light volume as many wait on the FOMC next week. Many would say a 'soft recession' has been here awhile but masked by equities and mainstream narratives. Check the piece.
    13 Jun 2013, 01:48 AM Reply Like
  • Interesting Times
    , contributor
    Comments (14917) | Send Message
     
    Author’s reply » This post came from an Author I think highly of. Looking to see if you folks agree or disagree with it.

     

    "The US cannot end QE without killing the banks. Ignore all talk otherwise. If interest rates rise too high the banks will literally implode. What did I say would happen if they took gold to $1400? The physical market would explode. Check.

     

    Rates are rising and the Japanese are done debasing the Yen... Now any talk of QE ending will also end as inflation pressures are dropping ...the breakeven rate has plunged to 2.1% in the past month.

     

    The Fed will double down on QE the moment the yield curve really starts to steepen.... I don't know if it'll do any good, though. But they will. Gold will rise with interest rates as the credit system collapses and M1 and M2 become important as a percentage of gold reserves.

     

    Look at Asian bond rates... they are on fire.

     

    Gold will get caught in a bit of a liquidity down draft to cover margin but then it will explode as the Fed tries to fight credit deflation."

     

    SO CAN QE REALLY END OR ARE WE BEING FOOLED INTO THINK SO? If you feel they can please explain why for all of us. Looking forward to some thoughts on this !

     

    Have fun..
    12 Jun 2013, 08:15 AM Reply Like
  • Interesting Times
    , contributor
    Comments (14917) | Send Message
     
    Author’s reply » Oh, ONE last question before I wait for responses. I got a PM from a young *new investor* asking what or where he can start to invest with just 3k ?

     

    He wants to learn to be an active investor and not just buy a Mutual Fund. So maybe a few can throw out some symbols and a template and explain why the choices?

     

    I told him that the amount is never too small but I would throw the idea out so that you seasoned investors and FA people could maybe give him some guidance.

     

    He stated that he could add maybe $500 Monthly but does not know where to start. So can some of you tackle this as well? NOW Seriously , I have noticed the LIKE replies are picking up so either some are doing it or we now have a following and people are at least using it to let us know what they think!

     

    PLEASE, PLEASE, let us daily people start using it for one another as well. ON EVERY POST IF POSSIBLE!!This way I can gauge how likeable this blog is for others. We seem to be making an impact with fellow posters as I believe our ranking seems to have something to do with how many people log into it.

     

    If so I want to try and get more posters, just not sure what else I can do to help get them writing??? Anyway I read a lot and if you miss one day you really do miss a ton of information.

     

    For that I am really impressed. I like to throw out some jokes along the way to keep everyone loose. But I am learning so much I can't explain what this has meant to me !!

     

    Thanks to all for this experience. I plan to keep this going for as long as I can. Hope the core stays intact and if you Folks have any ideas as to how we can improve this I am open to suggestions. Maybe a Fantasy Football League? Only kidding...

     

    Thanks guys!
    12 Jun 2013, 08:29 AM Reply Like
  • tampat
    , contributor
    Comments (1375) | Send Message
     
    IT,

     

    3k isnt a lot to do much with. Before I would invest any of that I would make sure I have an emergency fund to cover me for at least 3 months worth of expenses in cash or the bank.
    I would then look at my debt and payoff any high interest debt like CC balances.
    After that I would look at investing.
    If this person is a novice he should do a fair amount of reading before becoming an 'active' investor.
    With 3k I would probably put it into a Roth IRA and buy 1-3 ETF's or as F&G suggested, a few quality divi champion stocks.
    With $500/mth to add I would go slowly with the markets at a point where there may be a relatively big setback, but averaging in monthly is a decent way to go.
    12 Jun 2013, 09:54 AM Reply Like
  • tampat
    , contributor
    Comments (1375) | Send Message
     
    IT,

     

    Bob Johnson, an SA author I follow has a good article came out today that would make sense for the new investor you referred to.

     

    "an-etf-solution-for-t...

     

    http://seekingalpha.co...
    12 Jun 2013, 10:30 AM Reply Like
  • Land of Milk and Honey
    , contributor
    Comments (8498) | Send Message
     
    Definitely into Roth IRA. Even before that, into 401k if your company has matching contributions. Roth 401k if they offer over traditional.
    12 Jun 2013, 10:31 AM Reply Like
  • BlueSkyForever
    , contributor
    Comments (2899) | Send Message
     
    IT, the new investor with $3,000 should not invest just yet. First, s/he should get a notebook and start taking notes from what everyone is advising. There are several basic investing books they should read as well. I just found an author here that might be a good one for them to follow, as she has written several articles about her investing path to becoming a better investor and she recommended some excellent books to read. Check out Inzkeeper.

     

    It's important to know the age of this person with the $3,000. My advice depends on several things: how old they are, do they have other savings (like an emergency fund), do they have a job with a 401k plan; do they have a Roth IRA and lots of other questions but that's a start.

     

    I found a fascinating blog yesterday by a young man (I'm old now, so young people that are truly courageous do inspire me) that is quite amazing. His name is Ken Ilgunas and here's his blog
    http://bit.ly/1bwDGRp

     

    What got me impressed is that he went to grad school (after paying off all his debt from his undergraduate degree - $35,000 - by working in Alaska) and after that lived in his van for about 2 years while in school. He managed to work some part time jobs & graduated from grad school totally debt free.

     

    So looking back to my 20s when I was in college & just starting out in life, that $3,000 would only be invested after: making sure you have an emergency fund which is about 6 months of living expenses saved up in a savings account. After that, match what your employer is putting into your 401k plan, if you have one. Now here's a thought, I think it's better not to have a 401k plan because usually you don't have the freedom to invest in anything but what the company allows.

     

    Now even if you have a 401k plan, you can start an IRA. You just can't deduct it from your income taxes. So someone smarter than me has to give advice on that. Later in my life, I was fortunate to have a SEP because I am self-employed. I also made contributions to my IRA but didn't deduct them from my income taxes. This was in order to ramp up my retirement account faster.

     

    Earlier in life (in my later 20s and 30s) I did have a 401k plan. My main criticism of that is: it taught me nothing about investing, as I could only put money in the company's pre-selected mutual funds. I have found that my own stock picks have done way better than any of those 401k options my old company offered.

     

    Another thing, as I look back on my own evolution as an investor, I sure do regret not starting earlier. Like at age 16! Imagine the great stocks I could have bought in the 1970s and what they would be worth today (I'm one of those people that rarely trades out of my stock picks) (IBM), (MCD), (DE), (KO) just to name a few. All great companies.

     

    The main problem with a young investor with only $3,000 to invest is brokerage fees. Here's what I would do. Look into Merrill Edge. I talked to my local (BAC) that's Bank of America Merrill Edge guy just a few days ago. I asked him how much do you need to have in your account in order to get free trades. He said $25,000 and that could include your savings account at (BAC). He also told me that I can start an account for my son, in his name, and he will be allowed to have free trades because it will be a sub account to mine. I'm going to check into that more, especially for the tax implications.

     

    I would start with small positions in individual stocks. Depending on whether this is an IRA or investment account, I would pick dividend stocks for the IRA and stocks without or lower dividends for the investment account. If it's an IRA here's a few to start: (PM), (SDRL), (MCD), (JPM), (MRK) or some other drug company. I prefer (MCK) over (MRK). Sometimes you trade dividend income for growth, especially if you are young.

     

    For a pure investment account (KKD), (BAC), (F), (IBM), (MCK). Find a tech stock that you like. Be careful, if you pick a stock that just IPO'd it may not do that well. Take (FB) for example.

     

    Some day, when you have 5% of your portfolio that you can risk on stocks like (DATA) or (GIMO) or even (FB) then that will be great for you. Right now, start out with the great companies that aren't going to go into the dumps 6 months or even a couple of years from now. Build a solid foundation for your investments first. At some point, if you are young and then as you get older, start buying individual bonds. This is for your retirement fund, you can buy corporate bonds that will give you steady income. For your investment portfolio, as you make boat loads of money (and you will if you are a steady investor) you can buy municipal bonds so that your interest income is tax free.

     

    The way to do this is pick 5 stocks that give you a diversified portfolio. Buy stocks on pullbacks, even as little as 5 shares at a time. Keep cash at all times, 10 % at least. This gives you the ability to take advantage of good stocks at bargain prices, should the market fall. In fact I would keep 20% cash. As an oldster now, I keep a lot of cash in (JNK) and (PFF) and just plain old cash, as well. Since March I've been selling. Not everything, I never get out of the market completely. Mostly getting out of mutual funds. Now I'm ready for the expected market downturn. Which may not happen (the expected "big" correction). This is why I will start buying small amounts of my favored stocks, as we get "sales." Like today - but today isn't down enough for me to buy.

     

    Invest that $3,000 very slowly, wait for the market to go down. July should be interesting. Here's how I would invest it: no more than $300 a month. Maybe even $200 per month. Pick at least 5 stocks, diversified, that you have done research on (please, never buy anything without doing your due diligence! Here on SA is a good
    place to start. Read what others are saying about the stocks that interest you so that you know if it's a good company. Here's where you need to educate yourself on how to read a balance statement, check out PE ratios, earnings per share, dividend, expected earnings. CNBC.com and Yahoo finance can provide lots of data for you). In fact, if someone would write an article about how to read financial statements, that would be awesome. I know how to check for how much debt a company has, how to compare total assets to total liabilities, but some of the other stuff mystifies me.

     

    The preferred way I like to get into the market is to use a brokerage that will give you free trades. Find one like Merrill Edge that lets you have your checking, savings, investment & retirement accounts all with them so that you quickly get to that free trade level. And if you have to save money for now to get there, then do that. Paying even $6 a trade is a bummer!

     

    Take it from me. If you buy one stock with all your money, you will regret it when that stock goes down, in July or August. If you buy as little as 5 shares (or 1 share of a $100 stock) you will be able to buy your next share for less. This is called "dollar cost averaging" and it really works. Back in 2008, I did some IRA rollovers. If I had put all the money in at once my losses would have been far worse. You should have heard the brokerage guy (this was at Bank of America). He wanted to invest it all, in just one day! No way, I was smarter than that. Because I bought into the market gradually, my portfolio turned positive before 2010. It was ugly, but I had faith in the market. As it turned out, I should have put everything into the market when the DOW was 6,000 - but we don't know how long a downturn (or upturn) is going to last. Who knows when the top or bottom occurs. So do things slowly, never all at once. And keep some cash handy at all times.

     

    Do you know that most millionaires don't wear the latest fashions, drive expensive brand new cars or have huge McMansions? Oh h*ll no. So learn to save save save. Do not waste your money. Invest it! Take lunch to work. Calculate how much you are saving, and spend that on your annual vacation. Save money by living with your parents, paying as little as possible for rent (room mates - or buy a multi-family instead of a single family home, and then your renters can pay for your house). Buy a 2 or 3 year old car & drive it forever. Bike to work, if you can. Never buy things brand new (except underwear! lol). You can get nice furniture & other household items at garage/moving sales. For years, instead of buying presents for my family, I made things or did things for them, like helping my mom clean her house. I still do that, but now I'm able to give my family very nice things. My favorite is to give nieces/nephews cash for college, or for their wedding. You should see their eyes, when they receive those checks. And they are very grateful. Sadly, when I was their age my rich uncles never gave me anything, maybe that's why I like to be generous now. Some day, it also makes you feel good to be able to donate to charity. I like to volunteer too, it's a nice way to give back.

     

    Best of luck to you, with all the coaches here at SA you will do great!

     

    12 Jun 2013, 02:41 PM Reply Like
  • Interesting Times
    , contributor
    Comments (14917) | Send Message
     
    Author’s reply » @TAMPAT

     

    Thanks as I am sure he is reading along, and I believe he does have his debt paid off, has an emergency fund as well for 6 months too.

     

    That link will help a lot. He just wants to hear from guys in the trenches and knows 3k aint much. I think that is why he did not want to post it>>
    12 Jun 2013, 03:50 PM Reply Like
  • Interesting Times
    , contributor
    Comments (14917) | Send Message
     
    Author’s reply » @CURLS

     

    I don't believe he wants to tie it up until retirement. He is young and may need it one day way before 59.5 years of age.
    12 Jun 2013, 03:51 PM Reply Like
  • Interesting Times
    , contributor
    Comments (14917) | Send Message
     
    Author’s reply » @BSF

     

    First WELCOME!!

     

    Your comment was very interesting , and hit on a ton of topics. I did ask his age and was told mid 20's. Does not have an employer contributing anything, does have no debt, does have 6 months in the bank as well.

     

    Also know 3k is peanuts so he wasn't sure if he should wait until next year when he would have more come January as he is trying to save to invest that 500 per month. So me not having the experience of others he was happy I would post it for him.

     

    He did send me a PM and said he is soaking all the information in and asked why the swing in todays market and should we expect this to continue. My only answer was "I don't know" .

     

    The talking heads report this could be a buying opportunity, then we read this is a correction, add to that some believe this is overkill. We have all these options posted here. So I can see why a young person is confused. I AM !!!

     

    again, welcome and continue posting. You had some real strong points for our readers!
    12 Jun 2013, 04:01 PM Reply Like
  • South Gent
    , contributor
    Comments (5760) | Send Message
     
    BlueSky: You have a lot of good advice for the youngsters.

     

    One way to save money is not to spend it. I am a naturally frugal person anyway, no doubt heavily influenced by my parents in that regard who suffered the privations of the Great Depression and married a few days before Pearl Harbor after graduating from high school. My dad came back from serving in one piece and started his own business in 1951. He owned two suits and generally would drive a car for at least ten years. When he sold his business to Beazer Homes in 1987, he bought my mother a new Mercedes which is still her only car, looks brand new, and then paved the driveway to the home that he had built in 1967, where my mother still lives after he passed away in 2010 with 24/7 caregiver service now. I was also forever fascinated that his business partner throughout his life, similarly impoverished, met my Dad for the first time when they fought each other in the southern golden gloves boxing tournament shortly before WWII.

     

    I gave some advice to a nephew who just graduated from Northwestern and has a good job working at Accenture. It is fairly similar to yours with a few twists. First, the investor has to learn about how to research and to value a company before starting a buying campaign. I reinitiated a position in KO in May 2009 and I am would not buy more now. I would have been a seller in 1998. There is a lot to learn and my advice was to keep individual stocks purchases to less than 10% until he acquires enough knowledge to make individual security selections.

     

    For maybe the first three years, assuming effort is made during that period to learn, the other 90% of investable assets could be used with periodic purchases of low cost and broad ETFs that can be bought commission free at brokerage companies. An example would be ITOT, available commission free at Fidelity, or VTI or VIG from Vanguard (TD Ameritrade offers several Vanguard ETFs on a commission free basis). This would allow cost effective dollar cost averaging in small lots. He could buy just 5 shares for example on a big down day.

     

    This is some trading rules that I gave him:

     

    OUTLINE OF TRADING RULES:

     

    (1) Small odd lots need to purchased after major downdrafts and always after a catastrophic decline (e.g. 1929-1932; 1974; September 2008-March 2008). I define those declines as relatively fast declines of more than 45% that occur in every long term secular bear market.

     

    (2) Some significant paring is okay during the blow off phase of a long term bull market (e.g. 1999).

     

    (3) Buying needs to be postponed when the forward P/E of the S & P 500 is over 20 except during a recession.

     

    (4) At least one purchase needs to be executed when the market declines 10%, and another at 15% and another at 20+% evenly divided by amounts.

     

    (5) The ETF needs to be enrolled in the broker's dividend reinvestment plan, but I would quit buying additional shares with the dividend whenever the forward P/E for the S & P 500 is over 22, except during a recession, and then make one purchase with all of the cash dividends when the S & P 500 forward P/E falls below 18, and then start the reinvestment back.
    12 Jun 2013, 04:36 PM Reply Like
  • Fear & Greed Trader
    , contributor
    Comments (9801) | Send Message
     
    You can open up an Ameritrade account for $2,000 and get commission free trades for 60 days. I've seen offers that will give you 20 free trades in a year's timeframe.

     

    Lots of other offers out there on discounted commissions , There should be very little churn here so I don't believe the fee schedule presents an issue. Once the account grows , more options on fees will be available.
    12 Jun 2013, 04:38 PM Reply Like
  • South Gent
    , contributor
    Comments (5760) | Send Message
     
    F & G: There are a lot of firms who have low starting amounts. I noted in a comment just before yours that TD Ameritrade also offers the Vanguard ETFs commission free. I did get a little peeved at them a few years ago when I noticed that 6 grand had disappeared out of my account and was transferred to another one. I called up and told the service representative that I did not do it and had no idea who owned that other account. Then, the money would be transferred back into my account. Then the next day, the money would be transferred back out of my account and to that other account. I would complain and the money would be transferred back into my account. And then you guess it, my money was transferred again to this other unknown account.

     

    My Left Brain is not exactly an embodiment of patience, and can be at times more than a little bit on the take no prisoners side of the ledger, so I called up again and said something like the following. If this happened one more time, I was going to call up the Williamson County DA and request an investigation. It then stopped and TD gave me 3 free trades for my trouble.

     

    One lesson from that event is that an investor needs to look at their statements. I caught it instantly since I saw it online.
    12 Jun 2013, 04:47 PM Reply Like
  • Interesting Times
    , contributor
    Comments (14917) | Send Message
     
    Author’s reply » @SOUTH

     

    That sounds serious. Did you ever get an explanation you accepted??
    12 Jun 2013, 04:51 PM Reply Like
  • South Gent
    , contributor
    Comments (5760) | Send Message
     
    About a day after I referenced the DA by name, I received a call back from the manager of the local office who claimed that a husband was transferring money to his wife's account. I was not told the reason, nor were their names ever disclosed to me, which is understandable given the confidentiality. Either the husband gave his wrong account number to TD or TD entered the wrong account number. They would not say which one. After I called to have my money sent back to me, then the wife would allegedly call and complain about my money being taken out of her account and given back to me, the true owner. So then TD would then give my money to that guy's wife and so on. I would have called the DA too if it had happened one more time.
    12 Jun 2013, 04:58 PM Reply Like
  • Fear & Greed Trader
    , contributor
    Comments (9801) | Send Message
     
    Southgent,

     

    That is a wild story! Seems like once they got this figured out they should have given you free trades for a year ...
    12 Jun 2013, 05:09 PM Reply Like
  • Interesting Times
    , contributor
    Comments (14917) | Send Message
     
    Author’s reply » More like free trades for a lifetime! I have been known to ask for outlandish things and get them as well!!

     

    Never say never !!

     

    Anyone have an opinion how this will affect (PSEC)

     

    http://bit.ly/1a5gAnc

     

    Me thinks goods news, as always there will be a BUT I am sure.

     

    F&G..OTHERS ??
    12 Jun 2013, 05:28 PM Reply Like
  • Interesting Times
    , contributor
    Comments (14917) | Send Message
     
    Author’s reply » @BLUESKY

     

    I just peeked at your moniker. We are going to have fun this winter, You a G man, me a JET man..

     

    T BONE signs with New England. It figured !!
    12 Jun 2013, 07:12 PM Reply Like
  • South Gent
    , contributor
    Comments (5760) | Send Message
     
    Interesting Times: Eventually, I would get around to reading that press release later tonight since I have a position in PSEC. I went ahead and read it after reading your request.

     

    I have YF portfolios for all of my currently owned positions and several more lists containing stocks, preferred stocks and exchange traded bonds that are being monitored for a potential purchase.

     

    Whenever I open my owned portfolios, I see news items on each holding and will read the pertinent ones at some point before going to bed.

     

    First, after reading the report, I would look at the volume of shares traded during the day and the average volume. PSEC normally trades 2.9+M and traded 4.632M+ today. It is also material that the stock went up today when other BDCs declined as did the market. So that tells me that institutions had a favorable view of that report.

     

    The report says the NII number for the June quarter was being raised to $.31 to $.35. That tells me to go and look at the current analyst estimate which was $.3.

     

    http://yhoo.it/11WW4xk

     

    My memory may be failing me but I believe the consensus number is a NII number.

     

    So that is better but nothing to knock my socks off.

     

    The release did not contain PSEC's prior estimate, so I checked the prior earnings report available at the SEC or the firm's website. I did not see an estimate in the press release. Most of the remainder of the press release did not contain anything important or materially different than reported by the company in its last earnings report:

     

    http://bit.ly/11WW4Ny

     

    Compare this Statement with Balance of what was said in Press Release:

     

    "We currently have no borrowings under our Facility. Assuming sufficient assets are pledged to the Facility and that we are in compliance with all Facility terms, and taking into account our cash balances on hand, we have over $740 million of new investment capacity. Any principal repayments, other monetizations of our assets, debt and other capital issuances, or increase in our Facility size would also further increase our investment capacity."

     

    I then checked the Earnings Call Transcript for the last quarter and found this statement:

     

    "We estimate our net investment income per weighted average share in the current June quarter will be $0.26 to $0.32."

     

    So the recent announcement was a significantly higher range than the prior one given May 7, 2013.

     

    That is the process in a nutshell.
    12 Jun 2013, 07:37 PM Reply Like
  • Interesting Times
    , contributor
    Comments (14917) | Send Message
     
    Author’s reply » @SOUTH

     

    Thanks, so does your analysis make this another entry point to add to my position or are there other concerns??
    12 Jun 2013, 08:04 PM Reply Like
  • Fear & Greed Trader
    , contributor
    Comments (9801) | Send Message
     
    IT,

     

    Southgent has provided a great analysis for you .. This recent press release somewhat negates the concerns mentioned in the prior research note I dug up for you earlier in week.

     

    Looks Ok .
    12 Jun 2013, 08:42 PM Reply Like
  • Interesting Times
    , contributor
    Comments (14917) | Send Message
     
    Author’s reply » @FEAR

     

    Well when I mentioned to my Italian wife that maybe we should sell her (PSEC) she responded like a normal women would. Wielding that long knife I was told "Don't you dare touch that dividend stock" !

     

    You know I always get the last words though. I said "YES DEAR"
    12 Jun 2013, 08:53 PM Reply Like
  • South Gent
    , contributor
    Comments (5760) | Send Message
     
    Interesting Times: Whenever PSEC sells below its net asset value, I will nibble and did so last week with a 50 share buy at $10.15 which I will discuss in the next blog. I will also reinvest the dividends when the price is below net asset value per share and will quit when the price goes over a 5% premium.

     

    I will only take small positions in any BDC in the retirement account since I recognize the many disadvantages and risks associated with BDCs and will trade them frequently after collecting a year or more of dividends usually for whatever profit can be generated on the shares. My last buy in the ROTH was just 100 shares at $10.2 last November and I sold PSEC's lower yielding exchange traded bond to pay for it. I will likely sell that 100 shares after November 2013, hoping for a price over $11, but will keep the larger position in a taxable account where I have not sold any shares yet.

     

    I always have concerns about BDCs summarized generally as follows: their managers are paid very well; they are incentivized to add assets to the portfolio purchased by selling stock (even at less than net asset value per share) and bonds, since that will increase their compensation (and may not be in the best interest of shareholders when done at less than NAV); the investments are in private companies who generally can not receive the financing they need from banks due to their credit risks (most of the loans would be rated well into junk if they were rated); the capital cushion is flying out the door in dividends to shareholders (the downside to the high dividend); and they are particularly susceptible to downdrafts in the market and will likely decline far more than the market during a correction in a bull market or a bear market (PSEC declined 35% between May 10, 2011 and August 8 2011 when it bottomed at $7.41, almost twice the decline of the S & P 500):

     

    http://yhoo.it/16fLQ0a

     

    I mentioned earlier to you or someone else that I discuss the advantages and disadvantages of PSEC, as I see them, in that November 2012 Post but I just gave you my Cliff Notes version above:

     

    Scroll Down to 3. Pared Trade: Sold 50 PRY at $25.51-Roth IRA and Bought 100 PSEC at $10.20-ROTH IRA
    http://bit.ly/T5uYTm
    12 Jun 2013, 08:53 PM Reply Like
  • Fear & Greed Trader
    , contributor
    Comments (9801) | Send Message
     
    Smart Man !!
    12 Jun 2013, 08:59 PM Reply Like
  • Stilldazed
    , contributor
    Comments (3387) | Send Message
     
    IT,
    Just saying "Yes Dear" isn't enough, it has to be accompanied with a real smile, or a sheepish grin (voice of experience). ;-)
    12 Jun 2013, 09:28 PM Reply Like
  • Interesting Times
    , contributor
    Comments (14917) | Send Message
     
    Author’s reply » @STILL

     

    That works for you? If I put a grin on I hear " WHAT YOU GRINNING AT?" Then she proceeds to toss those knives and gets me by both shoulders on my shirt. I swear in a past life she was a master at throwing darts in a bar!!
    12 Jun 2013, 09:38 PM Reply Like
  • tradewin
    , contributor
    Comments (653) | Send Message
     
    Young and new. Perhaps you could suggest opening a Roth. He'll be happy about doing that years from now.
    12 Jun 2013, 11:45 PM Reply Like
  • BlueSkyForever
    , contributor
    Comments (2899) | Send Message
     
    First off, I'm a lady that loves football (but hate when the players get hurt). Everyone thinks I'm a guy here lol. My son played football from 8th grade on, and that got our whole family into watching more football.

     

    One of the best days of my entire life was getting to go to the new Giants/Jets stadium here in NJ, and watching a game from one of the owner's boxes. No I don't know the owners, but have a friend that got me those tickets. We even got to park in Lot 1A, where the players park. It was crazy. I wondered why everyone was being so nice to us, as we entered the stadium. Then I realized...and it was great to sit so close to the players! Right on the 50. We could sit inside, or out. My son was pointing out the player's moms. They were sitting right behind the players, even closer than us (but no box for them). I liked how they were wearing their son's jerseys.

     

    Another great day was when the Giants beat the Boston Patriots a few years ago in the Super Bowl. Ok, I'll stop now!!!
    13 Jun 2013, 12:17 AM Reply Like
  • BlueSkyForever
    , contributor
    Comments (2899) | Send Message
     
    southgent, your family sounds very similar to mine. My dad drove the same car for many years (he bought it new in the 1970s and was still driving it the year he died, 1990. Changed the engine 3 times. It was a GM Matador). My dad was the best investor I've ever known.

     

    Your investing ideas are better than mine! I always look at PE ratios too. In fact, just the other day I was checking all the PE ratios of the companies in the DOW. On CNBC you can get the list, and it's easy to check financial stats on that site too. What was encouraging to me is that for most of the companies in the DOW, the PE ratio is quite low. Well under 20. I haven't checked what they were back in 2009 but have heard that PE ratios were, on average, much higher back then. So maybe this time we won't crash 50 %.

     

    I liked all your ideas for the young investor.
    13 Jun 2013, 12:45 AM Reply Like
  • BlueSkyForever
    , contributor
    Comments (2899) | Send Message
     
    thank you IT, I like your blog.
    13 Jun 2013, 12:48 AM Reply Like
  • Interesting Times
    , contributor
    Comments (14917) | Send Message
     
    Author’s reply » @BSF

     

    Well you can keep CURLS company as you 2 are the first ladies of this group. Jealous about those seats. Now if I took your son we would not be picking out the players moms. Just sayin...

     

    I will leave it at that.. Oh it's JETS/GIANTS stadium BTW...You have the wrong name!!
    13 Jun 2013, 01:04 AM Reply Like
  • Fear & Greed Trader
    , contributor
    Comments (9801) | Send Message
     
    Blue Sky

     

    Jan 2008 S & P 500 -- PE 21

     

    Jan 1 2009 (after meltdown ) 70

     

    folks that want to compare this market to 2000 - the PE then was 29

     

    Jan 2013 PE 17

     

    These are TTM numbers.
    13 Jun 2013, 09:20 AM Reply Like
  • Fear & Greed Trader
    , contributor
    Comments (9801) | Send Message
     
    IT,

     

    The David Fish Dividend champions is is as good a place as any to start.. Solid foundation for him until he gets acclimated.

     

    http://bit.ly/rABTPA
    12 Jun 2013, 09:10 AM Reply Like
  • doubleguns
    , contributor
    Comments (9574) | Send Message
     
    I like the pipelines for a good first investment. They have dividends that pay well and their fees are not effected by the price of the energy they push through their pipes. Energy is not going away anytime soon. Read the article below.

     

    http://bit.ly/119ACtv
    12 Jun 2013, 09:35 AM Reply Like
  • Rinascimento
    , contributor
    Comments (1542) | Send Message
     
    double

     

    That was my intent when I bought (KMP) but it gives out a distribution
    12 Jun 2013, 11:50 AM Reply Like
  • Land of Milk and Honey
    , contributor
    Comments (8498) | Send Message
     
    @Double

     

    Hum, thanks. I hadn't thought about them at all... especially not in that way.
    13 Jun 2013, 01:53 AM Reply Like
  • doubleguns
    , contributor
    Comments (9574) | Send Message
     
    If a stock market corrections comes expect pipelines to still be hit but I think not as bad as the general market. Total chaos on the other hand I cant tell you what will happen just that it will all be bad.
    12 Jun 2013, 09:37 AM Reply Like
  • Interesting Times
    , contributor
    Comments (14917) | Send Message
     
    Author’s reply » @DG

     

    Do you honestly think silver should be below $22 bucks on a different subject? I just don't get the drop. Any opinions??

     

    Thanks
    12 Jun 2013, 09:42 AM Reply Like
  • doubleguns
    , contributor
    Comments (9574) | Send Message
     
    There can be only one reason but the mantra is getting old. Manipulation. I bought at 25 and will probably be buying more late July or early August which is the "normal" low point for metals every year. However do not count on "normal" situations to work all the time. We have entered the period of the year where metals "usually" drop.

     

    Those quotes above are meant to indicate caution or caveats because nothing is normal about this market when the govt is spending 85 billion a month to support it and keep interest rates low. Essentially everything is now manipulated so keep that in mind, its not just the PM's.
    12 Jun 2013, 10:09 AM Reply Like
  • doubleguns
    , contributor
    Comments (9574) | Send Message
     
    Just to give some credence to the everything is manipulated comment here is a link that lists all the manipulations. Surprised me to find this story just after making that comment.

     

    http://bit.ly/18x2vR6summarizing-known-rig...
    12 Jun 2013, 10:29 AM Reply Like
  • Interesting Times
    , contributor
    Comments (14917) | Send Message
     
    Author’s reply » @DG

     

    A few points

     

    1) some here don't trust Zerohedge
    2) I have posted about my daughter getting a car loan without a co-sig and had a ton of incentives that actually made it affordable for her. She does not work full time but has a Teaching degree.
    3) some do not believe the markets are manipulated.

     

    Just wanted to give you a heads up on comments posted in prior chapters. I have my own opinions but am leaving them out for now. Would like to see others agree or disagree first!

     

    Thanks!
    12 Jun 2013, 04:08 PM Reply Like
  • doubleguns
    , contributor
    Comments (9574) | Send Message
     
    MARKETS NOT MANIPULATED!!! Must have been on Saturday night live.

     

    Dont have to trust zerohedge, trust the articles they source from the web. They do not write all those articles and the news has spoken about all of those manipulations noted in that article. They are not just zerohedges ideas or ramblings, they have been proven and there have even been prosecutions, not enough in my book but there have been some. Sooooooo....the market IS absolutely manipulated and that is a fact. How that manipulation effects our investments can certainly be argued but not that there is or is not manipulation. JMHO backed by the news.
    13 Jun 2013, 09:21 AM Reply Like
  • Rinascimento
    , contributor
    Comments (1542) | Send Message
     
    All

     

    I have owned (PWE) for a while and it has been down but it has gone up nicely after management changes and restructuring...I expect further upward movement under such changes
    12 Jun 2013, 11:56 AM Reply Like
  • robert.b.ferguson
    , contributor
    Comments (10491) | Send Message
     
    I'm long (PWE) as well and I've been adding recently. I am also long (ARLP) which took it on the chin for awhile and I added to the position. It has since rebounded as well and both pay a decent dividend.
    12 Jun 2013, 03:22 PM Reply Like
  • Interesting Times
    , contributor
    Comments (14917) | Send Message
     
    Author’s reply » @BDU

     

    It is obvious that the demeanor, the discussions, and the educational value here is important to people. Each day it seems another person decides to post. Here we just don't post to the Author, we post to each other. We learn what personalities we have, and that helps with the posts we leave..POLITE solves almost all issues.

     

    I also do spend time while I post on other articles to kinda blend in this site and give the link to get more exposure, as well as PM some old timers I had experience with before. Some have chosen not to participate and that is fine, others such as FOCAL, ROBERT, DG, STILL, and I am sure I missed a couple feel this fits their style.

     

    I was once a hard head know it all, but I did become more sensitive to being polite. Honestly when I started I was a rebel. I still can get my hairs up if need be. PROBLEM IS ...No need yet !

     

    But I will tell you those I listed have the battle scars to bring to this forum and all should listen and then decide what is best for each. I just read how EVERYONE has their own threshold of what is an acceptable loss.

     

    That was great information to people just following. They now know it isn't one number. What is right , or should I say acceptable for one investor is not acceptable to another. That is why we all need to have our own limits.

     

    CURLS suggested I sit back and kinda let this conversation take a life of it's own. CURLS, great idea, it is working !! She kept it between us in a PM as a suggestion and I am always open to learning so I said why not, lets try it !!

     

    The bulldog is asking so many questions I don't have to just to get the ball rolling. One thing the old timers, as I will call them, will attest to. THE LIKE BUTTON WAS USED WAY MORE OFTEN IN OUR OTHER FORUM...HINT HINT.

     

    Hell, all we needed to do was sneeze and we had 4 likes within minutes. Not saying that is right, but even SA people had issues with it. However it did make people post more to build up the numbers of likes . Don't ask me why, but we LIKED it !!
    12 Jun 2013, 04:29 PM Reply Like
  • Rinascimento
    , contributor
    Comments (1542) | Send Message
     
    Robert

     

    Let's hope the new management is successful
    12 Jun 2013, 08:16 PM Reply Like
  • Land of Milk and Honey
    , contributor
    Comments (8498) | Send Message
     
    Ay, do I bail (MUX) Gold mining, at a large loss 8%, or hang in for another day? I'm still thinking, wait a few weeks & see how it goes. Wait for a new news item or an up day. But it's still down more than anything else. Gold spiked up today. Any one watching this, & have a thought?
    12 Jun 2013, 12:54 PM Reply Like
  • Rinascimento
    , contributor
    Comments (1542) | Send Message
     
    curls

     

    Like i said before, I have owned (MUX) but for the long term; in my opinion it is not trading even though it can have a good day...the same with (PLG) which I used to own too a few years ago.....the markets were kinder to mining stocks such as these but since Fukushima, it has been a different ball game
    12 Jun 2013, 01:04 PM Reply Like
  • Land of Milk and Honey
    , contributor
    Comments (8498) | Send Message
     
    Rin

     

    Your idea is keeping it long term from where I bought it? I'm not sure I understood what you wrote. Did I? Post Fuku. is it better to get out of mining stocks such as this... even at loss? Thanks for the info. Can you clarify?
    12 Jun 2013, 01:09 PM Reply Like
  • Rinascimento
    , contributor
    Comments (1542) | Send Message
     
    curls

     

    let me try saying it in Italian; (MUX) is a mining stock that I own for the long term and (PLG) I used to own and sold at a profit a while back; mining stocks have been hit hard by the 2007-2008 financial crises and then by the Fukushima nuclear incident...from posters below you got find your comfort zone and decide from there....mining stocks, in my opinion, are volatile and you got be glued to monitors if you trading
    12 Jun 2013, 02:20 PM Reply Like
  • robert.b.ferguson
    , contributor
    Comments (10491) | Send Message
     
    curls-100: Greetings. Miners are in a down trend right now because production costs are up while pricing power is down. How long can you sit on the position? If you have a long event horizon and can afford to sit on the stock until it turns the corner then do so. If not sell it and book the loss to balance your capital gains tax liability.
    12 Jun 2013, 03:26 PM Reply Like
  • tampat
    , contributor
    Comments (1375) | Send Message
     
    curls,

     

    I dont consider an 8% loss large (easy for me to say), common stop loss points are 10-20%.
    It is right at support right now. If it can hold above 2.20 it may head back up.
    Its an interesting chart. Its in a long term down trend in a channel but a short term up trend, see this chart:
    http://bit.ly/118zh2D

     

    Its also got some trendline support in the low 2.00 area and I might buy a little more at that point. But sometimes technicals just dont hold up the way we would like.

     

    If your entry price is around 2.50 I think you have a good chance of getting out at break-even.

     

    You could hold it long term and see what happens. Bottom line is you need to do what makes you comfortable. I dont know how big of a position it is for you so hard to say. If it were a small position for me I'd wait it out, if it were a big position I dont know what I'd do as I dont take on big bets.

     

    I find it easier to trade small positions as there isnt too much emotional concern. 10% of acct total is the max I will put on a single trade.

     

    If you use no more than 10% of your acct total for a trade and you set a stop loss at 10% below your entry the most you lose is 1% of your acct total. WIth a 15% stop loss the most you lose is 1.5% of your total, etc.
    You need to establish a set of rules for yourself and then stick to it.
    Makes it more mechanical. Even write them down.
    Everyone who trades has losing trades, even the pro's. The key is not to let them turn into a large catastrophic loss.
    12 Jun 2013, 01:28 PM Reply Like
  • Krustyman
    , contributor
    Comments (958) | Send Message
     
    I agree with tampat. Short term support and extremely oversold.

     

    Regarding the loss, to each his own guys. I've lost a little more than 4% on it on my last trade and I consider 4% substantial for a very short trade. Depends on your comfort level really IMHO.

     

    Personally, I think I will ban the miners. It seems I have more success trading anything else. Miners were easy to trade from 2000-2007. But they are tough since the financial crisis.

     

    Krustyman
    12 Jun 2013, 01:50 PM Reply Like
  • Stilldazed
    , contributor
    Comments (3387) | Send Message
     
    Hi Krusty,
    I have been staying away from miners for a while now, but have (SLW) and (SAND) on my watch list. As streamers they have a better chance at making a profit though both have some iffy deals going on that require constant diligence (I believe we discussed this earlier here), such as (SLW) investing in the Pascua-Lamas (not sure I spelled it right) mine project. I don't think either of these streamers have hit bottom yet, but they should in the next couple of months (I always get the timing wrong). ;-)
    12 Jun 2013, 03:25 PM Reply Like
  • Krustyman
    , contributor
    Comments (958) | Send Message
     
    Stilldazed:

     

    Not sure if the streamers are in a better position right now.

     

    As for the timing, it happens to all of us. :-)

     

    Krustyman
    12 Jun 2013, 05:13 PM Reply Like
  • Land of Milk and Honey
    , contributor
    Comments (8498) | Send Message
     
    Hi Everyone!

     

    Thanks for all the great thoughts. I'm 1.5% of my total portfolio in (MUX). So it's not end of the world. I can hold for a bit if it's likely to pop back up. But if it's holding longer term a'waiting, then it goes bankrupt or 50% down -- I'd like to skip that type of plan :).

     

    Seems that everyone is in agreement on a downside to mining these days. And there's a few short term indicators for going up in this chart.... if it doesn't slide too much.

     

    @Tampat
    " a long term down trend in a channel but a short term up trend"
    That is something in the chart. Wonder what will dominate? Good point on an amount plan to limit losses.

     

    @Krusty
    Now I understand. Your original plan was thrown off by it's sliding down. We both thought it was a a supported low.

     

    @Rin
    So you also found them good in the past & less so now. Thanks for the translation into Italian :). I get it now. "volatile" --- for sure. Wish it'd volatile upward again.

     

    @Robert
    Nice to meet you! Thanks for the explanation. What "long term" are you thinking of, weeks, months? I'd like to be out while / if the market reacts to QE shifts.

     

    I'm a'learning...
    12 Jun 2013, 10:24 PM Reply Like
  • Interesting Times
    , contributor
    Comments (14917) | Send Message
     
    Author’s reply » @CURLS

     

    Not sure the miners are dead. Soros and Paulson set up a pretty decent long position in (http://bit.ly/MB7Atz). These aren't stupid men, they are RICH....So I think the miners will come back, you just need to be patient.

     

    You see the sell off in Japan ? Over 5% so far !!

     

    I thought when I took the batteries out of you wireless keyboard that would keep you busy figuring out what was wrong...Now your gonna kill me aren't you , With posts..LOL
    12 Jun 2013, 10:34 PM Reply Like
  • Land of Milk and Honey
    , contributor
    Comments (8498) | Send Message
     
    @ IT -- I charged batteries when you weren't looking. So if Japan is down - last time did US go down too? I don't remember so. They're more worried about our QE ending than we are.
    12 Jun 2013, 10:45 PM Reply Like
  • Fear & Greed Trader
    , contributor
    Comments (9801) | Send Message
     
    Curls

     

    To put it in some sort of perspective , Their market is up 45% this year ! That's a bit far in a short period of time...
    13 Jun 2013, 09:23 AM Reply Like
  • bd4uandu
    , contributor
    Comments (2074) | Send Message
     
    I went to (WMT) to check the inflation in the volatile food sector and by the time I got back you've move to number 7.... http://bit.ly/YMB4YE
    12 Jun 2013, 01:56 PM Reply Like
  • bd4uandu
    , contributor
    Comments (2074) | Send Message
     
    I started investing using DRIP's they are a great way to start investing. Living in Minnesota one of my first was (MMM) and I still own it. In a previous life I spent 25 years in the machining trade. I wanted to invest in something familiar so I bought Worthing Industries a steel company.

     

    The DRIP's Dividend ReInvestment Plan allow you to purchase shares directly from the company issuing them. When you buy directly there is no commission or very little. All you need to start is buy one share of the stock and sign up for the plan. Lots of high quality companies have DRIP plans.

     

    The company pays dividends and if in the plan the are reinvested to buy more shares. You can also add more funds on a monthly or quarterly basis depending on the plan. The plans are all a little different. The dividends are a tax event so be sure to retain the statements sent to you.

     

    Companies that pay nice dividends are a good choice for enrollment. Start local with companies you are familiar with maybe the local power company. Your cell phone provider. For me MMM has been an excellent choice. A large diversified multinational industry with local coverage. I drive by it and feel I own a piece of it although a small piece a piece never the less. Owning a piece you start noticing issues that the company has to deal with. These skills and knowledge can be passed on for future purchases.
    12 Jun 2013, 04:57 PM Reply Like
  • Interesting Times
    , contributor
    Comments (14917) | Send Message
     
    Author’s reply » Oh , this outta go over well POLITICAL .....

     

    Hacking China since 2009 made public???

     

    http://huff.to/14XMnk9
    12 Jun 2013, 06:10 PM Reply Like
  • Rinascimento
    , contributor
    Comments (1542) | Send Message
     
    IT

     

    Nooooo ....any US entities wouldn't ever do it!! if so, who has been hacking our banks?
    12 Jun 2013, 08:27 PM Reply Like
  • Stilldazed
    , contributor
    Comments (3387) | Send Message
     
    jimp provided this Lynas article on another insta.

     

    "Lynas announces minimum rare earth price schedule."
    http://bit.ly/11Acv3r
    12 Jun 2013, 08:02 PM Reply Like
  • bd4uandu
    , contributor
    Comments (2074) | Send Message
     
    I saw that earlier thanks for reposting it. It looks like Lynas isn't going to sell with no or little profit. If the price doesn't hold maybe shut things down for awhile? The auto companies do that also to reduce inventory. I have been eyeballing some of the smaller rare earth miners. SRBL REE I also have small stake in REMX.
    It seems right now there is overcapacity and adjustment is necessary. Either growth has to pick up or a reduction of production. I hope it's the former. The zero interest rates and tight fiscal policy has really changed the dynamic for growth in this country.
    12 Jun 2013, 08:24 PM Reply Like
  • bd4uandu
    , contributor
    Comments (2074) | Send Message
     
    Link for SRBL ... http://bit.ly/10deHD7
    12 Jun 2013, 08:26 PM Reply Like
  • bd4uandu
    , contributor
    Comments (2074) | Send Message
     
    In a previous life I did various jobs in manufacturing one of the jobs was working briefly at a battery manufacturing company. The job was to stack battery plates. Back then it was all done by hand.
    Batteries use a permeable membrane as a separator. All of the batteries use a separator. http://bit.ly/10dhCvx)

     

    There is a company out there that is a suppliers on this permeable membrane. A stocktalker 1980XLS has been mentioning it from time to time. I bit on it recently and the stock has been doing really well so I thought I would pass it on. Polypore International Inc. symbol PPO. The link is for a subsidy of PPO that makes the separator material. http://bit.ly/10dhCvz It is used in all kinds of batteries lead/acid, rechargeable, lithium....
    The company also make other permeable membranes for a large cross section of industry. http://bit.ly/10dhA70
    The chart on PPO is pretty good also http://bit.ly/10dhCvD.
    It might be worth a look but invest at your own risk. I invested 100 shares @ $42.17 on 6.10.2013 the stock closed today @ $44.33 4.94% in 2 days. I am not saying it will go up and up but it might be worth putting on your watch list.
    12 Jun 2013, 08:48 PM Reply Like
  • Interesting Times
    , contributor
    Comments (14917) | Send Message
     
    Author’s reply » @BDU

     

    Speaking of batteries do you know anything about a company named Axion

     

    http://bit.ly/H3Zacd

     

    They have the number 1 rated blog and all they talk about is this company. The Author Peterson owns a ton of stock warrants and talks this one up pretty good.

     

    But for years it has been a dog. Just wondering if you had any knowledge of it. (AXPW.OB)

     

    Or does anyone??
    12 Jun 2013, 08:59 PM Reply Like
  • bd4uandu
    , contributor
    Comments (2074) | Send Message
     
    Yes I bit on it @.29. It's development company or was. They use a carbon cathode or anode I can't remember which. It has a quick recharge rate and is more robust then lead/acid. They are looking at the hybrid market. They recently opened a small line for production.
    The problem I have with it is dilution. Many of these micro caps just issue more shares when they need funding. It closed today @.20 and has been on a downward trend for quite awhile. http://bit.ly/10dkXuu
    John makes a convincing case for the company, I believe he is a Swiss lawyer. The CEO seems to be over compensated an I resent as a shareholder to dilute shareholder value to over pay the CEO. I divested most of my holdings awhile back for a small loss but still hold about 10% of original.
    12 Jun 2013, 09:14 PM Reply Like
  • Interesting Times
    , contributor
    Comments (14917) | Send Message
     
    Author’s reply » @BDU

     

    Very good. Yes you are correct. However the last dilution I think they could not muster up enough money so they issued Preferred stock and some other things as well. Peterson was their lawyer for years and he keeps banging the drum on this one.

     

    I bit on it at .25 after a dilution and got out around the same if I recall. But Peterson was trying to get all those guys who are on that blog to basically handle the next dilution. I know NSF railroad has some batteries in the yard. Plus they state that a car company is now test driving their vehicles with those batteries in them.

     

    But he must have a ton of warrants to keep it up this long. We use to go at it pretty good because he was a lawyer and knew those lines what not to cross. I just felt bad for a few people I was corresponding with that they were way underwater.

     

    A few posters ( I won't mention names) quite frankly deserve it! God forbid you mentioned something negative about the company you were labeled a TROLL. I am dead serious. Some in that chat room need a reality check!!

     

    But that is water under the bridge. Some had soft skin for sure..
    12 Jun 2013, 09:49 PM Reply Like
  • bd4uandu
    , contributor
    Comments (2074) | Send Message
     
    That seems to be the case with many of these emotional stocks. BBRY TLSA NOK AAPL INTC people get emotionally involved with them and a very touchy if you aren't on the bandwagon. The BBRY people seem the worst. To the point of, I saw someone using a BB they must be getting more popular so I will buy more stock. Peter Lynch must be smiling about that. The TSLA folks are in the same camp.
    Personally I take a more impersonal look at things.
    12 Jun 2013, 10:06 PM Reply Like
  • Interesting Times
    , contributor
    Comments (14917) | Send Message
     
    Author’s reply » @BDU

     

    Speaking of Axion .....

     

    http://bit.ly/19uYQD5

     

    Stock lost a penny today after this news !!!

     

    Krusty doesn't deal with pennies anyway!
    13 Jun 2013, 11:49 AM Reply Like
  • Windwood Trader
    , contributor
    Comments (4081) | Send Message
     
    IT

     

    Axion Power Concentrator

     

    http://bit.ly/H3Zacd

     

    Windwood Trader
    13 Jun 2013, 01:17 PM Reply Like
  • Windwood Trader
    , contributor
    Comments (4081) | Send Message
     
    Axion Power Concentrator

     

    http://bit.ly/H3Zacd

     

    Windwood Trader
    13 Jun 2013, 01:18 PM Reply Like
  • bd4uandu
    , contributor
    Comments (2074) | Send Message
     
    Hey guy's thanks for the link. I haven't been following the blog much but he sure has a following doesn't he. The one's that I have read are like sim city only it's sim small development company. I hope they do well because I still have a small stake.
    13 Jun 2013, 03:27 PM Reply Like
  • Interesting Times
    , contributor
    Comments (14917) | Send Message
     
    Author’s reply » BTW I REFUSE to set up Chapter 8 tonight ! We need around 25 more post for me to do it tomorrow. Oh crap CURLS hasn't posted in a while..

     

    Can anyone go steal her new keyboard for me??

     

    Guess I know what I have planned for tomorrow.. Usually I try to do it around 150 posts , but some posts this Chapter were very informative and long..

     

    Sorry RIN, Go make a cup of espresso while it loads..
    12 Jun 2013, 09:08 PM Reply Like
  • Fear & Greed Trader
    , contributor
    Comments (9801) | Send Message
     
    IT,
    Another symbol for my watchlist..

     

    Just completed some work on (O) Realty Income , its in the REIT sector , I currently own it , but just added to my watchlist as the price has tumbled from recent highs with the "interest rate selloff". Currently 43, and if it gets there I would add more in the 37 area.
    An area where it broke out in early '12
    At that level it will yield 5.9%

     

    As always, do your Due Diligence before you invest.
    12 Jun 2013, 09:24 PM Reply Like
  • bd4uandu
    , contributor
    Comments (2074) | Send Message
     
    I see the nikkei average is down big right now Abenomics doesn't seem to be working. I thought the third arrow was to let institutions invest in stocks?
    12 Jun 2013, 09:43 PM Reply Like
  • bd4uandu
    , contributor
    Comments (2074) | Send Message
     
    "The latest plans prompted further worries. On Wednesday, Mr. Abe urged Japan’s public pension funds, which control more than $2 trillion in investments, to shift those holdings toward higher-return equities and overseas assets from a heavy focus on domestic bonds. Such a shift would put Japan’s huge savings pool to more efficient use, helping to prompt corporate investment and consumer spending."

     

    http://nyti.ms/1a5VViI

     

    I doesn't seem to be working ... Down 766 points 5.77%
    12 Jun 2013, 10:19 PM Reply Like
  • Interesting Times
    , contributor
    Comments (14917) | Send Message
     
    Author’s reply » @BDU

     

    I expect a spillover to our markets tomorrow if they don't rebound much. Do you?? Or anyone else ??

     

    CURLS would be all over this for sure!!
    12 Jun 2013, 10:23 PM Reply Like
  • Land of Milk and Honey
    , contributor
    Comments (8498) | Send Message
     
    @BDU

     

    Very good info to know. I wonder how low it can push (MUX)? I'm out of the market for everything else. Whew. Hope everyone is in good positions that are doing well compared to the market. (RAD) & (CHUY) keep increasing. (TSLA)'s going back & forth.

     

    Now if I can figure out how to make money on the escalator down... but I'm not at all ready for options.

     

    On Futures -
    I figured out how to look them up. Bloomburg's site has a "market" tab with tons of good summary numbers.
    12 Jun 2013, 10:33 PM Reply Like
  • Interesting Times
    , contributor
    Comments (14917) | Send Message
     
    Author’s reply » @CURLS

     

    Where is your circuit breakers?? I am outside. Typing in the dark makes you use the M letter a lot ..Just sayin..Me thinks you had one too many the other night BTW.

     

    Blaming the keyboard is a new one for me !!
    12 Jun 2013, 10:50 PM Reply Like
  • bd4uandu
    , contributor
    Comments (2074) | Send Message
     
    IT that's where I am too. The mac books lighted keyboard is really nice in low light. It rained most of the day but clearing now. Now if they would just develop a bug resistant screen.
    12 Jun 2013, 10:54 PM Reply Like
  • Interesting Times
    , contributor
    Comments (14917) | Send Message
     
    Author’s reply » @BDU

     

    Where do you live anyway?
    12 Jun 2013, 10:59 PM Reply Like
  • bd4uandu
    , contributor
    Comments (2074) | Send Message
     
    Saint Paul, Minnesota ... You?

     

    bd = Busdriver
    12 Jun 2013, 11:05 PM Reply Like
  • Interesting Times
    , contributor
    Comments (14917) | Send Message
     
    Author’s reply » Orange County, NY !!

     

    Self employed until a nasty car accident. Guy ran a red light and I had a 9 hr surgery, disc fused, titanium bars, screws, ETC.. Lost my business after the accident. Was bed ridden for a while. Now I can get around but constant pain. Never have a day without any !

     

    Not in good shape..
    12 Jun 2013, 11:10 PM Reply Like
  • Land of Milk and Honey
    , contributor
    Comments (8498) | Send Message
     
    Oooo. Bd=busdriver. I thought it was a typing twister :). To type BD isntead of DB or...
    12 Jun 2013, 11:15 PM Reply Like
  • bd4uandu
    , contributor
    Comments (2074) | Send Message
     
    Sorry to hear that IT. I drive pretty much drive everyday two part time driving jobs. Believe me there are some bad drivers out there. I had a bad accident a couple years back totaled a motorcycle somebody did a U turn in front of me. Scrabbled da noggin for a bit but back to what ever normal is now.
    12 Jun 2013, 11:16 PM Reply Like
  • Windwood Trader
    , contributor
    Comments (4081) | Send Message
     
    I spent 17 years in Campbell Hall, NY
    13 Jun 2013, 01:19 PM Reply Like
  • Interesting Times
    , contributor
    Comments (14917) | Send Message
     
    Author’s reply » @WT

     

    We might have drank right next to each other!! lol

     

    Small world........
    13 Jun 2013, 01:31 PM Reply Like
  • Interesting Times
    , contributor
    Comments (14917) | Send Message
     
    Author’s reply » @FEAR

     

    Thanks, I am sure quite a few are already looking it up !!
    12 Jun 2013, 09:52 PM Reply Like
  • bd4uandu
    , contributor
    Comments (2074) | Send Message
     
    It looks like Charlie is really stirring the pot.

     

    http://seekingalpha.co...
    12 Jun 2013, 10:24 PM Reply Like
  • bd4uandu
    , contributor
    Comments (2074) | Send Message
     
    Biggest bond bubble in history.... http://bit.ly/11IFa9G
    Banks leveraged 33 to1 oh my....
    12 Jun 2013, 10:44 PM Reply Like
  • bd4uandu
    , contributor
    Comments (2074) | Send Message
     
    It zero hedge but interesting charts ... Japan plunges... http://bit.ly/11gzhgW
    12 Jun 2013, 10:49 PM Reply Like
  • bd4uandu
    , contributor
    Comments (2074) | Send Message
     
    Like a phoenix rising from the ashes ... PM's seem to be moving higher. Trouble in wonderland?
    12 Jun 2013, 10:58 PM Reply Like
  • Interesting Times
    , contributor
    Comments (14917) | Send Message
     
    Author’s reply » CHAPTER 8 IS NOW OPEN...!!

     

    Curls , that means you as well ..

     

    http://seekingalpha.co...

     

    I already posted a question there !!
    12 Jun 2013, 11:30 PM Reply Like
  • Notrub
    , contributor
    Comments (1426) | Send Message
     
    Sorry, I forgot. Here is more dividend info from a teeanager in Singapore. He does some excellent research, especially for his age, and has some good articles also:

     

    http://seekingalpha.co...
    13 Jun 2013, 12:19 AM Reply Like
  • Notrub
    , contributor
    Comments (1426) | Send Message
     
    Long time lurker, first time poster. I just wanted to chime in and agree with bd4. DRIP (Dividend Reinvestment Programs) are an excellent way for some one with $3000 to get their feet wet investing while they are learning.
    A nice starting article is here: http://seekingalpha.co...

     

    The author pretty much follows my own philosophy about investing in dividend/growth companies has a few excellent "how-to" articles along those lines.

     

    As db4 stated looking at the things you personally use and favor is a great way to start your research into which companies to own. I started with General Dynamics, because I worked for them. Did the due diligence and started buying the stock with $100 a month from 2003 to 2011. The short story is $7200 over 8 years has become a little over $18,000. DRIP with Exxon-Mobil, Proctor and Gamble, GE, Coca-Cola, Old Republic Insurance, Altria (the new Phillip Morris) which id did because I smoked Marlboros and wanted some of my money back.

     

    Any way, I have tried just about every type of "investing" there is in my 56 years. I sat down and read this book http://bit.ly/XzYRKQ
    The Single Best Investment by Lowell Miller. The first four chapters pretty much made the case for me. The rest was an interesting read, but I am more comfortable in my own research way of doing things. I have been in dividend investments for an income stream ever since.\
    Hopefully that is enough reading to get him started.
    Mike
    13 Jun 2013, 12:20 AM Reply Like
  • Interesting Times
    , contributor
    Comments (14917) | Send Message
     
    Author’s reply » @NOTRUB

     

    Curious, what brought you out from lurking to posting? WELCOME AS WELL..

     

    You can answer it on Chapter 8 if you'd like so others can see you too.

     

    Glad you decided to post, already brought some ideas for all to have. That's the plan!!

     

    Were growing. Now if you aren't following me i would consider it as I use the stocktalk to alert most that something new is being discussed. Like Japans drop tonight and Asia seemingly following as well.
    13 Jun 2013, 01:10 AM Reply Like
  • Krustyman
    , contributor
    Comments (958) | Send Message
     
    For the record :-)

     

    Your Krusty friend got out of the miners this morning. So they can have a rally now! lol :-)

     

    Starting a position in (FSLR).

     

    Krustyman
    13 Jun 2013, 11:29 AM Reply Like
  • Land of Milk and Honey
    , contributor
    Comments (8498) | Send Message
     
    Krusty:

     

    From your move out to my stock's ears!

     

    For today, (MUX) was down. I'm in like the only thing that went down today. Meanwhile I missed the rally up, since I wasn't home much.

     

    I didn't do DD & I'm paying for it. ...a bit more than I'd like here. Still, it goes below 2.20, but bounces back....

     

    Good luck with (FSLR). That's a fun business - cutting edge stuff is fun.
    13 Jun 2013, 04:42 PM Reply Like
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