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  • QuickChat #271, May 1, 2014 526 comments
    May 1, 2014 9:01 AM

    (click to enlarge)

    "The Challenge" by stan bruns, all rights reserved. Pen and ink with dyes on paper, 5x7" active area.

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Comments (526)
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  • H. T. Love
    , contributor
    Comments (19440) | Send Message
     
    Good morning!

     

    HardToLove
    1 May 2014, 09:04 AM Reply Like
  • Windwood Trader
    , contributor
    Comments (4129) | Send Message
     
    The Unicorn as per Wikipedia (abv)

     

    "...it was commonly described as an extremely wild woodland creature, a symbol of purity and grace, which could only be captured by a virgin. In the encyclopedias its horn was said to have the power to render poisoned water potable and to heal sickness. In medieval and Renaissance times, the horn of the narwhal was sometimes sold as unicorn horn."

     

    Wonderful rendering of our never ending quest for the truth.

     

    Thanks, Trip!

     

    WT
    1 May 2014, 09:25 AM Reply Like
  • Mercy Jimenez
    , contributor
    Comments (2705) | Send Message
     
    Ditto WT.
    TB any "horse creature" rendering robs my attention.
    Thx,
    mj
    1 May 2014, 09:37 AM Reply Like
  • tripleblack
    , contributor
    Comments (13581) | Send Message
     
    Note the background...
    1 May 2014, 10:09 AM Reply Like
  • FocalPoint Analytics
    , contributor
    Comments (6282) | Send Message
     
    That's no ordinary Unicorn. It's wearing an amulet of power with an emerald chain. It's not a rune symbol, I checked. I also don't like the look in that glowing eye or the aggressive angle of its horn. The background shows a Unicorn leading a herd of horses away from what appears to be a watching Cheetah in the upper right. Those hills look like ice, the north star shining above, or something more symbolic?
    2 May 2014, 04:59 AM Reply Like
  • tripleblack
    , contributor
    Comments (13581) | Send Message
     
    He is the King, that is his badge of office, and he is protecting his personal harem of mares. I forget which language is on the badge.

     

    I have always thought that a powerful, 700 pound, mystical creature with a razor sharp horn would have an aggressive attitude to match...
    2 May 2014, 07:44 AM Reply Like
  • Windwood Trader
    , contributor
    Comments (4129) | Send Message
     
    >HTL-

     

    Re:(CPST)

     

    I'm thinking another tranche to average down may not be advisable.

     

    The enthusiasm for the stock was watery WITHOUT the dilution.

     

    I am out with my cost at 2.06.

     

    WT
    1 May 2014, 11:09 AM Reply Like
  • tripleblack
    , contributor
    Comments (13581) | Send Message
     
    LOL, blew past my ideas at 1.82 without a pause...

     

    I'm thinking its attractive for a small add, and have done so avg cost 1.79.

     

    This appears an over-reaction with momo traders bailing fast.

     

    We will probably see a jump in shorts going forward as the traders that got burned long seek to get back some of their losses.
    1 May 2014, 11:18 AM Reply Like
  • Mayascribe
    , contributor
    Comments (11197) | Send Message
     
    Bought some Cappy at $1.79. If we get down to ~1.73 or so, I will double down.
    1 May 2014, 11:27 AM Reply Like
  • Windwood Trader
    , contributor
    Comments (4129) | Send Message
     
    (CPST) Last was $1.76 11:30-

     

    Sellers appear to be firming up at the moment.

     

    (CYTK) being bid up. Up 4% from the open.
    1 May 2014, 11:34 AM Reply Like
  • Mayascribe
    , contributor
    Comments (11197) | Send Message
     
    WT: Have a double down order in at $1.73. That would be just 3 cents more than the institutional investor got.
    1 May 2014, 11:37 AM Reply Like
  • Windwood Trader
    , contributor
    Comments (4129) | Send Message
     
    You might not get that far down. A lot of bidding at $1.76-77 right this minute Not many sales at $1.78.

     

    I put in an order @ $1.78

     

    WT
    1 May 2014, 12:01 PM Reply Like
  • FocalPoint Analytics
    , contributor
    Comments (6282) | Send Message
     
    I doubled down at 1.77.
    1 May 2014, 03:08 PM Reply Like
  • Mayascribe
    , contributor
    Comments (11197) | Send Message
     
    I upped my double down bid to $1.76, which was filled.
    1 May 2014, 03:28 PM Reply Like
  • Windwood Trader
    , contributor
    Comments (4129) | Send Message
     
    >Maya-

     

    Good going on the $1.76!

     

    The low for the day. I kept missing it.

     

    WT
    2 May 2014, 09:10 AM Reply Like
  • Mayascribe
    , contributor
    Comments (11197) | Send Message
     
    You might not get that ;-) now $1.81.
    1 May 2014, 12:12 PM Reply Like
  • Windwood Trader
    , contributor
    Comments (4129) | Send Message
     
    Looks like a 2 cent trading range has developed. Much like the one that occurred yesterday afternoon for about an hour just before the close. Any kind of news will tip the PPS either way at this point.

     

    220K on an uptick just now

     

    WT
    1 May 2014, 12:24 PM Reply Like
  • H. T. Love
    , contributor
    Comments (19440) | Send Message
     
    (CPST): Thinking about the share issue ...

     

    The folks that bought have the wherewithal to hold long-term or sell into a market rapidly to get their return OF and ON capital.

     

    Either way, I think this says share price will not languish too long. The folks that buy on these deals know what they are doing and aren't there for 5%, 10%, ... maybe 20% or more?

     

    So I'm not worried ATM. A bad quarterly/EOY result would be bothersome to me though.

     

    One think that does bother me is that, IIRC, the have been saying recently they don't need to hit the market for financing again. What changed?

     

    HardToLove
    1 May 2014, 01:53 PM Reply Like
  • Windwood Trader
    , contributor
    Comments (4129) | Send Message
     
    >HTL-

     

    "What changed?"

     

    Has happened before-

     

    Some entity wants on the board?

     

    WT
    1 May 2014, 01:59 PM Reply Like
  • H. T. Love
    , contributor
    Comments (19440) | Send Message
     
    WWT: I don't think the percentage is big enough?

     

    HardToLove
    1 May 2014, 02:02 PM Reply Like
  • tripleblack
    , contributor
    Comments (13581) | Send Message
     
    Strategic Alliance?

     

    Instead of a banker, another, larger industrial partner (or a new one)?
    1 May 2014, 02:22 PM Reply Like
  • tripleblack
    , contributor
    Comments (13581) | Send Message
     
    Maybe a large customer who wanted a piece?
    1 May 2014, 02:22 PM Reply Like
  • Windwood Trader
    , contributor
    Comments (4129) | Send Message
     
    That would do it but that would be a $.30 (price below market) on 18.8 mil shares- $5.6 Million worth.

     

    THAT is a pretty big hunk of thanks!
    1 May 2014, 02:35 PM Reply Like
  • H. T. Love
    , contributor
    Comments (19440) | Send Message
     
    WWT: Yep, but it would also tie a strategic partner into the stock performance going forward, increasing the "mutual benefit" aspect of the relationship.

     

    Personally, I suspect it's just more of the same old (CPST): Oops! Weren't quite as solid on our cash-flow positive guidance as we thought. Excuses: EZ, weather delays, Eukraine, ...

     

    HardToLove
    1 May 2014, 02:44 PM Reply Like
  • LT
    , contributor
    Comments (5783) | Send Message
     
    Ukraine is what bothers me
    1 May 2014, 03:04 PM Reply Like
  • robert.b.ferguson
    , contributor
    Comments (10491) | Send Message
     
    Greetings all. I purchased another block of (CPST) today @ $1.46. That brings my AVG basis up to $1.12 maintaining an overall gain of 30%. I'll keep watching.
    7 May 2014, 05:47 PM Reply Like
  • Mercy Jimenez
    , contributor
    Comments (2705) | Send Message
     
    Nicely done, Robert. My "dumb luck" trading bloc mentioned below was more dumb than lucky @ $1.76! LOL
    mj
    7 May 2014, 09:24 PM Reply Like
  • Windwood Trader
    , contributor
    Comments (4129) | Send Message
     
    HTL-

     

    You're probably right- but maybe not a hedge fund- Investment banker maybe. I figure a deal had to be made for the lo price so they pulled the stock off the shelf and made a promise.

     

    WT
    1 May 2014, 02:05 PM Reply Like
  • Windwood Trader
    , contributor
    Comments (4129) | Send Message
     
    Just caught my buy at $1.78, time-14:40

     

    Now, Maya let's go for your low-ball at $1.73.

     

    WT
    1 May 2014, 02:42 PM Reply Like
  • Windwood Trader
    , contributor
    Comments (4129) | Send Message
     
    Re: (CPST)

     

    Got my second block at $1.77 15:24

     

    WT
    1 May 2014, 03:26 PM Reply Like
  • Mercy Jimenez
    , contributor
    Comments (2705) | Send Message
     
    OK -- so is this dumb luck or what. I had to be traveling part of the day, so before I shut down my Active Trader pro this morning I entered a day order for a trading block of (CPST) @ $1.76 ps -- all or none. Just looked online and it filled just after 11 am. Let's hope I am as happy tomorrow. :-))
    mj
    1 May 2014, 07:24 PM Reply Like
  • Mayascribe
    , contributor
    Comments (11197) | Send Message
     
    MJ: Funny how the phrase "dumb luck" carries such positive connotations.

     

    Let's hope we all caught a bottom with Cappy today!
    1 May 2014, 07:42 PM Reply Like
  • Windwood Trader
    , contributor
    Comments (4129) | Send Message
     
    >MJ-

     

    $1.76 all or none-

     

    Well done!

     

    WT
    2 May 2014, 09:07 AM Reply Like
  • D-inv
    , contributor
    Comments (4788) | Send Message
     
    More RR (maintenance) news. http://nbcnews.to/R5G8eI
    1 May 2014, 08:32 PM Reply Like
  • tripleblack
    , contributor
    Comments (13581) | Send Message
     
    Enormous stone retaining wall failed. Looks quite old. A miracle no one was hurt.

     

    CSX once again.
    1 May 2014, 09:36 PM Reply Like
  • D-inv
    , contributor
    Comments (4788) | Send Message
     
    "Enormous stone retaining wall failed."

     

    Yep, in sharp contrast with the "huge sinkhole" characterization in the news report. That linguistic leap speaks to literacy of MSM journalists of today (IMO).

     

    Two recent oil tanker derailments plus the wall collapse do seem to spotlight CSX maintenance rail bed issues.
    1 May 2014, 10:01 PM Reply Like
  • tripleblack
    , contributor
    Comments (13581) | Send Message
     
    I suspect it was the opposite of a sink hole, that there was a large buildup of water behind the wall and that blew out its lower courses.

     

    Further, if I were investigating this, I would look at where the water came from. Probably failed major storm drain adjacent to the wall that was breached and took the wall with it.

     

    May not have been CSX fault... Interesting puzzle.
    2 May 2014, 03:48 AM Reply Like
  • D-inv
    , contributor
    Comments (4788) | Send Message
     
    "Ford’s CEO Mulally retiring 1 July, Fields to take over"

     

    http://bit.ly/1fyScQV
    1 May 2014, 11:50 PM Reply Like
  • LT
    , contributor
    Comments (5783) | Send Message
     
    D-inv, I am mystified at the speed that Mulally is leaving. Everything was quiet until he was considered by MSFT and before that there was no rush to leave.

     

    Mulally has been instrumental in leading Ford thru a very difficult time. I'm not sure how I view this. Initial reaction here is that the Ford family was upset that he considered another position....but maybe it was just time.

     

    Anyway, I had considered buying Ford lately and decided against it for other personal reasons. Don't think I would touch it now.
    2 May 2014, 04:28 AM Reply Like
  • tripleblack
    , contributor
    Comments (13581) | Send Message
     
    Fields is a good choice, and we have been hearing for several years that he was wanting to retire.

     

    I believe any market reaction based simply upon his departure could be a buying opp, all other things being equal.

     

    I was long Ford for years since 2009 until last year when I sold off all long term holdings.
    2 May 2014, 07:50 AM Reply Like
  • LT
    , contributor
    Comments (5783) | Send Message
     
    You will have to find a chart with an overlay of the 2....I can't post a link. Interesting tho.

     

    Via SentimenTrader we have this comment about the divergence we have been pointing out between "safety stocks" (large cap conservative kind) and the growth/momentum ones (mostly found in small cap indexes) - in the short term this is usually a negative:

     

    Investors have clearly had a preference for larger-cap stocks over smaller-cap ones for the past two months, and that was brought into stark relief on Wednesday. The large-cap Dow Jones Industrial Average managed to close at a new 52-week high, yet the small-cap Russell 2000 is languishing more than 6.5% below its own 52-week high. This is the first time in nearly 8 years we've seen this kind of divergence in investor preferences.

     

    ...in the short- to intermediate-term, this lack of coordination among investors has been market-negative. Over the next several weeks, both indexes showed positive returns less than 40% of the time. A week later, both indexes had gained more than +1% only once out of thirteen chances. Only after six months did both indexes manage to consistently show positive returns, though the Russell's averages were still worse than random during the study period.
    2 May 2014, 05:50 AM Reply Like
  • LT
    , contributor
    Comments (5783) | Send Message
     
    I can't decide how much of this is Pimco's poor returns of late, mgt. shakeup, or is it smart money moving out of bonds early before rate hikes ?
    I can tell you that some long term (50-60 year) bonds that were trading below $20 (par $25) are now at $22-24 since the Fed calmed mkts. Examples are GE, NextEra, Entergy,

     

    Pimco Total Return Fund sees 12th month of outflow
    http://on.mktw.net/1lG...
    2 May 2014, 05:55 AM Reply Like
  • tripleblack
    , contributor
    Comments (13581) | Send Message
     
    Yes, thanks LT. I posted supporting data on this topic last QC with a link to a Calafia article with some interesting charts and data.

     

    For a long time I have felt that the shift toward a more corrupt form of socialist-capitalism (from a slightly less corrupt form of capitalist-socialism) would benefit the larger cronies vs smaller companies, and that new regulations (Obamacare) would yield noticeable market effects.
    2 May 2014, 07:58 AM Reply Like
  • jpau
    , contributor
    Comments (963) | Send Message
     
    Lots of interesting stuff to read at naked capitalism today, from health care corruption to an article on who is buying and selling.

     

    http://bit.ly/QyxgfM
    2 May 2014, 07:57 AM Reply Like
  • tripleblack
    , contributor
    Comments (13581) | Send Message
     
    OG: I recall an old scifi story where our race was in a distant future where the entire economy was destitute, and the only stable jobs were caretakers in a planet wide cemetery.
    2 May 2014, 08:03 AM Reply Like
  • Windwood Trader
    , contributor
    Comments (4129) | Send Message
     
    >Maya-

     

    Looks like you may get your $1.73 after all (:-{

     

    http://bit.ly/1iLkQbY

     

    WT
    2 May 2014, 11:02 AM Reply Like
  • Mayascribe
    , contributor
    Comments (11197) | Send Message
     
    WT: I have another 1000 share bid in for $1.71. We'll see if it gets filled.

     

    Edit: Partially filled with 363 shares so far.
    2 May 2014, 12:54 PM Reply Like
  • Mayascribe
    , contributor
    Comments (11197) | Send Message
     
    Filled.
    2 May 2014, 01:40 PM Reply Like
  • Mercy Jimenez
    , contributor
    Comments (2705) | Send Message
     
    Good for you Maya. At this rate of buying you are going to get a BOD seat along with the Hedgie. :-))
    mj
    2 May 2014, 01:57 PM Reply Like
  • Mayascribe
    , contributor
    Comments (11197) | Send Message
     
    Ha! I'll be out soon enough, Mercy. Hopefully the next CC doesn't go awry. Looking for a 15-20% gain in the next month or two. Otherwise, I will be selling if Cappy drops much beneath $1.60.

     

    Today, Cappy bounced off the (very thin) $1.69 support. Hoping that low holds.
    2 May 2014, 02:06 PM Reply Like
  • Windwood Trader
    , contributor
    Comments (4129) | Send Message
     
    I'm holding 6K on this go-round 3K at $1.78 and 3K at $1.77.

     

    It seems to like $1.715, at least for the moment.

     

    Don't think I want to average down any more. Something is not right here. Possibly something on the horizon that the insiders know about- not the peons.

     

    Earnings report soon-

     

    Look at this day chart- Weird.

     

    http://bit.ly/1iM04ZH

     

    WT

     

    AS if every buy is being satisfied at $1.72 and every sell satisfied at $1.71. Just feeding in the confirms.
    2 May 2014, 02:10 PM Reply Like
  • D-inv
    , contributor
    Comments (4788) | Send Message
     
    "Possibly something on the horizon that the insiders know about- not the peons."

     

    Possibly. My suspicion has been that reaction to the new share offering has been amplified by unfortunate timing of Ukraine heating up within a day or two. New offering could have been anticipatory buffer funding to enable keeping on keeping on in event West-Russia trade is disrupted.
    2 May 2014, 05:03 PM Reply Like
  • optionsgirl
    , contributor
    Comments (5202) | Send Message
     
    Re: CPST 52 week range is $.82-$2.60.
    $1.71 is the 50% retracement for the past twelve months.
    Since it fell to $1.69 I'm waiting to see if a floor is established next week. It surprised me when the shares went below the private placement price.
    2 May 2014, 02:58 PM Reply Like
  • Mayascribe
    , contributor
    Comments (11197) | Send Message
     
    Good points, OG.

     

    We also (maybe) have the May effect in play.

     

    I, too, am surprised Cappy fell below the private placement price. Possibly just an overshoot, but I just checked, and we're back to $1.69.

     

    MACD, Williams% R, and the Bollinger bands have Cappy as a screaming buy right now.
    2 May 2014, 03:35 PM Reply Like
  • Windwood Trader
    , contributor
    Comments (4129) | Send Message
     
    >OG, Maya-

     

    Re: tech indicators. I noted the same thing and was wondering about the trades below the PP price. It seems to me that the purchasers of the big block a couple of days ago are selling the stock off as offers to buy appear rather than dumping the whole wad.

     

    Looks like maybe a ceiling/floor all in one basket. Not being a tech indicator guru I don't have a feel as to how much such a tactic may depress prices and for how long.

     

    Inquiring minds would like to know.....

     

    Bouncing 1.69/1.70 at the close.

     

    WT
    2 May 2014, 03:59 PM Reply Like
  • Windwood Trader
    , contributor
    Comments (4129) | Send Message
     
    Re: (CPST) the AH ARCA book has Cappy at 1.68 (6000)/1.69(2900) right now.

     

    WT
    2 May 2014, 04:16 PM Reply Like
  • FocalPoint Analytics
    , contributor
    Comments (6282) | Send Message
     
    I was digging around in the (CPST) offering and noted there is a 90 day lock… so the new shares can't be sold before the yearly results are announced. I suggest that implies good news on the yearly report… you are not going to stick a good customer with a lemon.

     

    There is also info on the expected results for the yearly report… Revenues up 4% YTY, Cash to decrease to $27.9 million as of March 31, 2014 compared to $38.8 million as of March 31, 2013. (hence the offering?)

     

    Decrease in cash reflects the usage of cash for operating activities and the timing of cash receipts on increased revenue. (they are front-running order payments)

     

    Backlog is expected to improve by 15% YTY.

     

    There is also something in the report on getting an out of jail card for their credit facility… My read is that instead of pulling cash out of the revolving credit facility, they decided to do a private offering with a very good customer. That customer can't bail before the year end report, but than the year end report looks like its going to be good… so they get the pop. Old style business arrangement??? I like it.
    2 May 2014, 10:24 PM Reply Like
  • H. T. Love
    , contributor
    Comments (19440) | Send Message
     
    Good find Rattie. I had decided to hold into the report because expectations were good. I was wondering if the issue was just due to receipts not coming fast enough - looks like that might be the primary cause.

     

    HardToLove
    3 May 2014, 06:18 AM Reply Like
  • optionsgirl
    , contributor
    Comments (5202) | Send Message
     
    This Wells Fargo analyst joins the "Bears" club:
    http://cnb.cx/1iMhm9j
    2 May 2014, 03:37 PM Reply Like
  • LT
    , contributor
    Comments (5783) | Send Message
     
    nice catch OG, I don't pay attention to some, but Wells Fargo holds more clout with me....and it is a convincing point she's making.

     

    FWIW, utilities dropped today after a big run up, some bonds dipped a few pennies. This supports her theory of rate hikes coming sooner than advertised.
    2 May 2014, 07:35 PM Reply Like
  • Windwood Trader
    , contributor
    Comments (4129) | Send Message
     
    >MJ-

     

    Re:ATP

     

    I could see no way to trade AH with ATP nor could I see the order book.

     

    Have you done so?

     

    WT
    2 May 2014, 04:18 PM Reply Like
  • Mercy Jimenez
    , contributor
    Comments (2705) | Send Message
     
    WT,
    Sorry I was traveling back home yesterday and off of my computer. Yes - it is under the drop down menu "Trade and Orders" and then select "Directed trade and extended Hours." Send me a PM Monday during Pre-market if you can't find what you need so I can provide more details while the extended hours menu is live and active in Pre-market.
    mj
    3 May 2014, 08:40 AM Reply Like
  • Windwood Trader
    , contributor
    Comments (4129) | Send Message
     
    >MJ-

     

    Thanks for the info-

     

    WT
    3 May 2014, 11:10 AM Reply Like
  • optionsgirl
    , contributor
    Comments (5202) | Send Message
     
    From one of my favorite websites, meatpoultry.com
    Puritans Pride is doing very well selling chicken while the virus kills the little piggies and beef and pork prices are on the rise. I haven't done DD yet.
    http://bit.ly/1jpks7G
    2 May 2014, 09:20 PM Reply Like
  • D-inv
    , contributor
    Comments (4788) | Send Message
     
    Thanks OG. Will take a look at all of the chicken cos. Fish producers are another prospective play. Anyone know of companies producing/marketing lamb meats?
    2 May 2014, 09:52 PM Reply Like
  • LT
    , contributor
    Comments (5783) | Send Message
     
    OT, I'm not a fan of Nader, but this article is pretty accurate in how the corporate world is dividing and conquering politics and major policy.
    I advise you read it, open mindedly. It shows many areas of unity regardless of ideals.

     

    Ralph Nader: “The left is seized by fear and the right is driven by brass”
    Salon exclusive: Talking Rand Paul, Hillary, Fox News and the dream of left-right alliances with an iconic activist
    DAVID DALEY
    http://bit.ly/1fXIDpt
    3 May 2014, 04:15 AM Reply Like
  • tripleblack
    , contributor
    Comments (13581) | Send Message
     
    As a lifelong political observer, I can say that to my view, the closer the Republicrats and Demicans become to merging into an inchoate blob at the political center, the louder they become in their complaints, and the more viciously they bite one another. Like any crowd of hyenas driven into a pen too small to contain them all, the infighting increases as the size of the pen shrinks.

     

    Regardless how nearly identical their political goals may become, however, another end product of the merging is that adherents to both sides view their own side's leadership as craven, and the other side as bold beyond belief.
    3 May 2014, 05:54 AM Reply Like
  • robert.b.ferguson
    , contributor
    Comments (10491) | Send Message
     
    There will be a divergence away from the one party system being created by the Demicans. Probably a more conservative party as the central blob Demican party moves to the left.
    7 May 2014, 06:04 PM Reply Like
  • Windwood Trader
    , contributor
    Comments (4129) | Send Message
     
    The 'good' unemployment numbers- The onion un-peeled-

     

    http://bit.ly/1moHPgX

     

    WT
    3 May 2014, 11:28 AM Reply Like
  • FocalPoint Analytics
    , contributor
    Comments (6282) | Send Message
     
    On an aside... The voice recording from flight MH370 was released… however, according to experts, the voice recordings were edited. The editing changes everything. http://tinyurl.com/kpo...

     

    PS: the cargo manifest was also published. Check out what it was carrying... Of course, once they start editing the voice recordings, anything they provide is now suspect.
    3 May 2014, 03:47 PM Reply Like
  • Mayascribe
    , contributor
    Comments (11197) | Send Message
     
    Just received notice that my CitiGroup Capital XI 6% Trups Due 9/27/34 (2034) was called and redeemed on April 28.

     

    Makes one wonder what the TBTF banks plus other major central banks from around the world expect future interest rates to be MANY years from now.
    3 May 2014, 05:32 PM Reply Like
  • LT
    , contributor
    Comments (5783) | Send Message
     
    they called mine too
    3 May 2014, 05:32 PM Reply Like
  • D-inv
    , contributor
    Comments (4788) | Send Message
     
    Interesting question, Maya. OTOH, quickly checking current 20 yr benchmark yields suggests 20 yr treasury yield on 4/28 was 3.25% giving that CitiGroup 6% security a 2.75% spread over the treasury. Wonder what kind of yield CitiGroup would have to pay on a new 20 yr. note they might issue.
    3 May 2014, 05:48 PM Reply Like
  • tripleblack
    , contributor
    Comments (13581) | Send Message
     
    I think this links back to their current instructions from their government handlers. High yield competition for sovereign debt is no longer desired...
    5 May 2014, 07:36 AM Reply Like
  • Windwood Trader
    , contributor
    Comments (4129) | Send Message
     
    Re: Citigroup finance- This preferred pricing should give some guidance-

     

    http://on.mktw.net/1lR...

     

    WT
    5 May 2014, 07:58 AM Reply Like
  • Mayascribe
    , contributor
    Comments (11197) | Send Message
     
    LT: Wonderful timing timing...the beginning of May.
    5 May 2014, 08:33 AM Reply Like
  • Mercy Jimenez
    , contributor
    Comments (2705) | Send Message
     
    Yes Maya and LT,
    Pressure on the long-end will likely be for lower yields over the next couple of years.

     

    "New rules designed to plug shortfalls at pension funds may now triple their purchases of longer-dated Treasuries, creating $300 billion in extra demand over the next two years that would equal almost half the $642 billion outstanding." http://bloom.bg/1g3eVz7

     

    I see a couple of practical implications. First the pension fund rotation from equities into the long bond is likely contributing to the sideways performance of the equity market this year (and next?) Second, the higher yielding bond ETFs I have added recently continue appreciating while paying hefty monthly yields. The risk of rising rates on bond prices may turn out to be more subdued than previously projected.
    mj
    5 May 2014, 03:24 PM Reply Like
  • D-inv
    , contributor
    Comments (4788) | Send Message
     
    "Pressure on the long-end will likely be for lower yields over the next couple of years."

     

    Good find, MJ! Thanks.
    6 May 2014, 12:24 AM Reply Like
  • LT
    , contributor
    Comments (5783) | Send Message
     
    Greece to seek debt relief at eurozone meeting
    Greece plans to ask the eurozone to ease the country's debt burden at a meeting today of the bloc's finance ministers in Brussels.
    Greece's Yannis Stournaras is expected ask for loan repayments to be extended to 50 years from 30 years and for lower interest rates on some of the nation's debt.
    The requests would come after Greece achieved a primary debt surplus in 2013 for the first time in a decade, and after it auctioned €3B of five-year bonds in April. However, Greece's debt and economic forecasts are rosier than those of its creditors.
    ETF: GREK
    5 May 2014, 04:30 AM Reply Like
  • LT
    , contributor
    Comments (5783) | Send Message
     
    Portugal to exit rescue program without insurance of credit line
    Portugal plans to exit its international bailout program without taking a precautionary credit line from its lenders, the EU and the IMF. The move, which follows a similar step by Ireland, will cut the oversight that Portugal has had to endure.Instead, Portugal will rely on international debt markets for financing after it receives the final tranche of its €78B ($108B) rescue package in June. Ten-year yields are flat at 3.63% vs over 18% in January 2012.While the exit from the assistance program after three years marks a turnaround in Portugal's fortunes, economic growth remains fragile, and unemployment and debt high.The PSI 20 is -0.1%.ETF: PGAL
    5 May 2014, 04:30 AM Reply Like
  • H. T. Love
    , contributor
    Comments (19440) | Send Message
     
    (CPST): "Capstone Receives 5.2MW in Orders From New Middle East and Africa Distributor"

     

    "... for two flare reduction projects.

     

    The initial 5.2MW of orders secured by EMI will be utilized in a flare reduction capacity".

     

    http://bit.ly/1lRq4bW

     

    $1.74 pre-market, +2.65%.

     

    HardToLove
    5 May 2014, 08:49 AM Reply Like
  • Windwood Trader
    , contributor
    Comments (4129) | Send Message
     
    (CPST) trading at 1.75/1.76 Extended hours- 09:15

     

    WT
    5 May 2014, 09:16 AM Reply Like
  • Mayascribe
    , contributor
    Comments (11197) | Send Message
     
    Hilarious! The DEA buys premium pot from the University of Mississippi.

     

    And then:

     

    -- So it (the NIDA) needs more marijuana. Specifically, it needs 3,095 percent more marijuana in the next two months (for research purposes):

     

    http://bit.ly/1q8xP1k
    5 May 2014, 08:25 PM Reply Like
  • robert.b.ferguson
    , contributor
    Comments (10491) | Send Message
     
    They are undoubtedly researching how high they can get.
    7 May 2014, 06:08 PM Reply Like
  • LT
    , contributor
    Comments (5783) | Send Message
     
    You should read this:

     

    Cramer: Amid fits & starts, gusting headwinds grow worse
    http://cnb.cx/1q8Cz7d
    5 May 2014, 08:57 PM Reply Like
  • D-inv
    , contributor
    Comments (4788) | Send Message
     
    "Cramer: Amid fits & starts, gusting headwinds grow worse
    http://cnb.cx/1q8Cz7d"

     

    Thanks, LT.
    6 May 2014, 12:29 AM Reply Like
  • H. T. Love
    , contributor
    Comments (19440) | Send Message
     
    (CPST): "Capstone Turbine Deals Investors Another Blow"

     

    An excellent article full of valid considerations.

     

    http://seekingalpha.co...

     

    HardToLove
    6 May 2014, 08:52 AM Reply Like
  • H. T. Love
    , contributor
    Comments (19440) | Send Message
     
    (CPST): A different take on the effects of the share issue.

     

    "Capstone Part 3: Still Triple Value Bound"

     

    http://seekingalpha.co...

     

    HardToLove
    6 May 2014, 09:19 AM Reply Like
  • FocalPoint Analytics
    , contributor
    Comments (6282) | Send Message
     
    Bought (CPST) at 1.53. Enjoyed watching the ask moving away from my bid twice.
    6 May 2014, 09:50 AM Reply Like
  • Windwood Trader
    , contributor
    Comments (4129) | Send Message
     
    >HTL-

     

    Re: (CPST)

     

    Thanks for the articles. It appears that there is still a significant belief that there is substantial value to the company while many investors have no confidence.

     

    Does anyone have an opinion on the CEO and others insider sales at the beginning of April?

     

    Sure doesn't bring anyone there nearer and dearer to my heart.

     

    WT

     

    Bot a couple of blocks at $1.52
    6 May 2014, 10:02 AM Reply Like
  • FocalPoint Analytics
    , contributor
    Comments (6282) | Send Message
     
    200 day MA is 1.50… it bounced on that this morning.
    Why is it that everyone always seems to get a one cent lower price than me :(
    6 May 2014, 10:28 AM Reply Like
  • Windwood Trader
    , contributor
    Comments (4129) | Send Message
     
    >FPA-

     

    Re: "one cent lower..."

     

    I just put the limit at $1.52 just after the open and it filled-

     

    Did you do a market order?

     

    WT
    6 May 2014, 10:37 AM Reply Like
  • FocalPoint Analytics
    , contributor
    Comments (6282) | Send Message
     
    No, I also use a limit order… I watched as the price moved away from me, and I chased it.. I suppose that's the problem… I don't have patience.
    6 May 2014, 10:41 AM Reply Like
  • H. T. Love
    , contributor
    Comments (19440) | Send Message
     
    WWT: I think the sales were the normal contracted in advance for tax obligations, per a guy on another board that tracks such things.

     

    HardToLove
    6 May 2014, 12:52 PM Reply Like
  • Windwood Trader
    , contributor
    Comments (4129) | Send Message
     
    >HTL- Thanks-

     

    "normal contracted in advance for tax obligations,"

     

    How does somebody follow these things? Beyond my little brain.

     

    WT
    6 May 2014, 12:58 PM Reply Like
  • H. T. Love
    , contributor
    Comments (19440) | Send Message
     
    WWT: There's always an SEC filing IIRC. Available on Edgar.

     

    HardToLove
    6 May 2014, 12:59 PM Reply Like
  • LT
    , contributor
    Comments (5783) | Send Message
     
    There was another report following the article on CPST being over hyped and heavily shorted.....it mentioned the Russia / Ukraine sanctions hurting CPST business in Russia.
    IMO, this is the big threat. Otherwise they seem to be on track better than the negative articles tell.

     

    I'm leery but may take a small position.
    7 May 2014, 07:53 AM Reply Like
  • FocalPoint Analytics
    , contributor
    Comments (6282) | Send Message
     
    Q1 GDP Cut To -0.6% At Goldman. http://tinyurl.com/p8o...
    6 May 2014, 09:55 AM Reply Like
  • tripleblack
    , contributor
    Comments (13581) | Send Message
     
    Q1 was hammered with the horrific weather and the Spring that never came (even to the deep south). Freezing weather in April in Atlanta? Not common. A hard winter, in every way.

     

    Therefore, the GDP took a hit, and its no surprise.

     

    But we are already seeing a normal cycle reasserting itself, with positive data to follow.
    6 May 2014, 10:19 AM Reply Like
  • Windwood Trader
    , contributor
    Comments (4129) | Send Message
     
    Re: GDP cuts-

     

    Probably not too much of a surprise to my fellow skeptics on this board. We all have been commenting on the pump-priming rhetoric coming from the pundits for months now.

     

    The FatCats need us cannon fodder to provide the bucks in the markets to keep them in clover.

     

    WT
    6 May 2014, 10:59 AM Reply Like
  • jpau
    , contributor
    Comments (963) | Send Message
     
    Not sure how to feel about this, but I bought some Smurfit Cap bonds a couple of years ago at 95; they're BA2/BB+ and mature in 2025.

     

    I just sold at 113 and change - what am I missing that someone will pay 130 over par for 11 year maturity and get a sub 6% yield?
    6 May 2014, 12:06 PM Reply Like
  • LT
    , contributor
    Comments (5783) | Send Message
     
    It beats less than 1% on a CD and it's still better than gov't bonds.

     

    Trust me, one of my accounts is loaded with muni's and preferred but where else do you go for the income? When the average yield on them is 5% ?
    6 May 2014, 12:29 PM Reply Like
  • Windwood Trader
    , contributor
    Comments (4129) | Send Message
     
    "where else do you go for the income?"

     

    Preferreds
    6 May 2014, 12:55 PM Reply Like
  • jpau
    , contributor
    Comments (963) | Send Message
     
    NBB, PCI, DSL?

     

    much more liquid (than the bonds I had)
    6 May 2014, 02:36 PM Reply Like
  • Mercy Jimenez
    , contributor
    Comments (2705) | Send Message
     
    Guess the housing sector is having problems on more than one front.

     

    "Mr. Hornsby [Chief Operating Officer of the FHFA which oversees Fannie and Freddie] allegedly threatened to shoot Mr. DeMarco [former Director of the FHFA] after making "increasing threatening comments" about him over the course of several weeks ... the report filed in court, said Mr. Hornsby had threatened to harm Mr. DeMarco and to kill himself." http://bit.ly/1jb8Yp0 The COO was arrested and banned from the FHFA offices.
    mj
    6 May 2014, 09:22 PM Reply Like
  • tripleblack
    , contributor
    Comments (13581) | Send Message
     
    Thanks MJ. Hey, DG, that was a near miss to make your "dead banker" list.
    6 May 2014, 09:28 PM Reply Like
  • doubleguns
    , contributor
    Comments (9651) | Send Message
     
    Banned from the office!!! LOL

     

    Hows that stop him when he comes back with a gun.

     

    Mr. DeMarco needs to be carrying a gun at this point. Could be an altercation at his home, parking lot etc.....guns, life jackets and seat belts are all the same. You have it on when you need it or your dead and the famous first responders come and draw a chalk sketch of you on the ground and put up yellow tape. Then they mount a posse...so to speak.

     

    Somehow a lot of folks think that is how to fight crime. It is much better to be a self protecting immediate responder, but that's just me.
    As a final note. Adding another banker to the list will not cause me to lose any sleep.
    7 May 2014, 04:17 PM Reply Like
  • robert.b.ferguson
    , contributor
    Comments (10491) | Send Message
     
    My (OTCQB:FNMA) purchased at the low of the great recession is up 3,627%. I put a 8% stop limit on it today. To much? LOL. That's the only stop limit I have in place. The stock was $0.11 when I bought it. Now there are rumblings of "Reforming." the GSEs. I don't anticipate that happening prior to the mid-term election but you never know. http://bit.ly/1it0Rir I'll be keeping a better watch after the election. For now the stop loss should be sufficient. Half of the block was sold off so it's on house money.
    7 May 2014, 06:24 PM Reply Like
  • LT
    , contributor
    Comments (5783) | Send Message
     
    SentimenTrader believes we are seeing signs in the option market that volatility is about to increase in the months ahead:

     

    Over the past few days, the put/call open interest ratio has slipped under 0.33, meaning that for every 100 put options that traders have opened on the VIX, they have opened more than 300 call options. On the surface, this would suggest that they are expecting an uptick in volatility in the months ahead.

     

    Based on what has happened before, they're likely to get it. When the open interest ratio was below 0.33, then over the next six months the VIX saw a spike of at least 50% after 75% of the days. At the other end of the spectrum, when the open interest ratio was above 0.75, then there was only an 18% chance of seeing the VIX jump by more than 50%. The summer months tend to be relatively muted as volume ebbs, but the odds of a volatility spike between now and the end of summer have increased markedly.
    6 May 2014, 09:30 PM Reply Like
  • tripleblack
    , contributor
    Comments (13581) | Send Message
     
    Yes. Geopolitical factors alone could account for a macro event. Then we have the simple political impact of the upcoming US elections, which could see politicians of all stripes churning their business cronies for donations and seeking to curry favor with favors and new programs.
    6 May 2014, 09:36 PM Reply Like
  • Mayascribe
    , contributor
    Comments (11197) | Send Message
     
    Plus we're having another sector now under attack: Banking.
    7 May 2014, 08:41 AM Reply Like
  • LT
    , contributor
    Comments (5783) | Send Message
     
    May 7 (Reuters) - Capstone Turbine Corp :
    * Closes equity offering and announces preliminary fiscal year 2014 operating
    results
    * Sees FY 2014 revenue about $133.1 million
    * Sees FY 2014 revenue up 4 percent
    * Expects backlog to increase by about $22.7 million to $171.6 million as of
    March 31, 2014, compared to $148.9 million as of March 31, 2013
    7 May 2014, 09:02 AM Reply Like
  • Mayascribe
    , contributor
    Comments (11197) | Send Message
     
    Cappy up 6% premarket.
    7 May 2014, 09:21 AM Reply Like
  • Mayascribe
    , contributor
    Comments (11197) | Send Message
     
    The S&P chart is almost 21% above the 150 week moving average. The last time, in 2011, when the S&P got this far above the 150 WMA, the market corrected 21.58%.

     

    Consumer discretionary spending is also down 4% so far this year. Wells Fargo did a study going all the way back to 1972, and EVERY TIME discretionary spending (on things like cars, clothing, etc.) started to underperform the market it has led to a near-term top in the S&P 500.

     

    Add in poor housing data, and right now things don't look particularly good.
    7 May 2014, 11:30 AM Reply Like
  • Mercy Jimenez
    , contributor
    Comments (2705) | Send Message
     
    Agree Maya that this is a jittery market. I am watching some great blue chips dropping precipitously. Meanwhile my best decision over the last few weeks has been to buy large blocs of high yielding ETFs and CEFs with monthly distributions and reasonable volume liquidity e.g. (HYD) (PCI) (PFF) (PGX) (IGD) (DSL)

     

    April ETF flows are up in US equities and emerging markets -- although not a match for last year's rally:
    http://bit.ly/RrDoby

     

    CEFs have also seen value seekers pouring in as Lipper's High Yield CEFs macro-group witnessed the largest narrowing of discounts to NAV for the month:
    http://reut.rs/RrDorQ

     

    mj

     

    P.S. Someone asked in a pm about CEFs and this article may be helpful to those interested: http://bit.ly/RrDmjI
    7 May 2014, 12:08 PM Reply Like
  • LT
    , contributor
    Comments (5783) | Send Message
     
    Ford announces $1.8B share buyback
    Ford (F) says it will buy back up to 116M shares worth ~$1.8B to offset the dilutive impact of some of its convertible debt.The share repurchases will offset the dilutive effect of potential conversions of Ford’s 4.25% Senior Convertible Notes due Nov. 15, 2016, and share-based employee compensation granted in 2014.Ford says the action will reduce its diluted shares by ~3%.Shares +0.7% AH.
    | 5:20 PM|11 Co
    8 May 2014, 04:20 AM Reply Like
  • LT
    , contributor
    Comments (5783) | Send Message
     
    SolarCity +5% AH on strong guidance, bookings
    SolarCity (SCTY) now expects to deploy 500MW-550MW of systems in 2014, up from a prior 475MW-525MW. The company is also establishing 2015 deployment guidance of 900MW-1GW (81% growth at the midpoint). Positive cash flow is still expected for 2014.82MW of systems were deployed in Q1, down from Q4's 103MW but at the high end of a guidance range of 78MW-82MW. Deployments are expected to grow to 105MW-110MW in Q2 (+103% Y/Y at the midpoint).Q2 EPS is expected to be in a range of -$0.90 to -$1.00 (consensus is at -$0.64). GAAP gross margin is expected to be in a range of 50%-55% (up from Q1's 45%), and GAAP opex is expected to grow to $100M-$110M from Q1's $81.8M.136MW were booked in Q1, +34% Q/Q and well above deployments of 82MW. Cumulative energy contracts +21% Q/Q and +97% Y/Y to 100.6K, cumulative customers +19% Q/Q and +84% Y/Y to 110.7K.
    8 May 2014, 04:22 AM Reply Like
  • Mercy Jimenez
    , contributor
    Comments (2705) | Send Message
     
    USD index rolling downhill. http://bit.ly/1gAGRcy Euro and NOK getting a nice pop.
    mj
    8 May 2014, 07:53 AM Reply Like
  • tripleblack
    , contributor
    Comments (13581) | Send Message
     
    Currency wars are about to erupt. Watch the loonie and A$ (well, the ASX is already in a panic on the commodity industry side), also Brazil. Only stability I see is as a result of (ironically) the aggressiveness of Russia, which has pinned down (for the time being) certain moves by them and the Europeans that would include them in a general currency conflict.

     

    China is involved as they prepare of a potential WTO-problem, though their potential departure from that group is still fairly distant in the future.

     

    Gold might be a big mover, if not today, then soon.
    8 May 2014, 08:41 AM Reply Like
  • Mayascribe
    , contributor
    Comments (11197) | Send Message
     
    trip: Spot gold support is at $1280 (we're at $1287 right now). With the last seven weeks of a bowl formation occurring, if spot gold surpasses $1330, gold might be off to the races.

     

    ####

     

    Anyone getting back into Cappy right now?
    9 May 2014, 02:28 PM Reply Like
  • Mercy Jimenez
    , contributor
    Comments (2705) | Send Message
     
    Maya,
    I'm waiting to add another bloc of (CPST) AFTER I see a firm momentum upwards. Still looks weak on heavy volume.
    mj
    9 May 2014, 02:40 PM Reply Like
  • Mayascribe
    , contributor
    Comments (11197) | Send Message
     
    Mercy: The $1.21 area for Cappy looks "interesting."
    9 May 2014, 03:06 PM Reply Like
  • FocalPoint Analytics
    , contributor
    Comments (6282) | Send Message
     
    I have a GTC in at 1.25 (around the 400 day MA).
    9 May 2014, 03:20 PM Reply Like
  • Windwood Trader
    , contributor
    Comments (4129) | Send Message
     
    >Maya-

     

    I was holding 6K of CPST with an average cost of 1.61- Saw 1.52 go by and put the order in to bail- Got it at 1.52- 9 cents to the red, net.

     

    I do not see a reversal catalyst. There may very well be one but the momo is south at the moment.

     

    I will need a sound reason to re-enter.

     

    Anyone take a look at (FEYE) recently? That one went from $90 to $26 since early March. Shades of March 2009!

     

    WT
    10 May 2014, 08:28 PM Reply Like
  • tripleblack
    , contributor
    Comments (13581) | Send Message
     
    OK, gold just spiked up, well over 1304 this morning, with a very interesting step up pattern in recent trading...
    22 May 2014, 08:47 AM Reply Like
  • LT
    , contributor
    Comments (5783) | Send Message
     
    Gold rises after India eases import rules
    http://on.mktw.net/1to...

     

    I can't find the link, but
    Russia has loaded up on Gold too....
    22 May 2014, 09:22 AM Reply Like
  • tripleblack
    , contributor
    Comments (13581) | Send Message
     
    The Indian guvmint held out longer than I thought they would, but the Spring wedding tsunami has them under intense pressure. Russia is like China, they are big producers, but net consumers.

     

    Currency wars play a role, of course, but for the time being I expect fiat to fall into line behind PM.
    22 May 2014, 09:49 AM Reply Like
  • Windwood Trader
    , contributor
    Comments (4129) | Send Message
     
    Caught this on 'The Street.com'

     

    http://bit.ly/1l2TXot.

     

    Much clearer now.

     

    WT
    8 May 2014, 03:19 PM Reply Like
  • Mercy Jimenez
    , contributor
    Comments (2705) | Send Message
     
    For anyone following (PCI) -- Bill Gross added another 100,000 shares today. http://bit.ly/1jFwoCC This fairly new CEF is still trading at a 5.75% discount to NAV. He now has $22 million in this 9.6% yielding CEF. I'd like to get his monthly check from (PCI) instead of mine. :-))
    mj

     

    Discl: Long (PCI)
    8 May 2014, 03:59 PM Reply Like
  • tripleblack
    , contributor
    Comments (13581) | Send Message
     
    MJ: Thanks for all your contribute.

     

    I was just looking over the high yield herd, and decided to start at the top and work my way down (PCI is definitely among them, of course). I am looking them over with an eye to picking some that are undervalued or oversold right now, yielding a high dividend, but likely to show some upside attraction even to those who (like myself) trade a lot...

     

    SDR $8.48 has been yielding close to 27% recently (currently 26.4%), but I see the shares sitting at a peak and the dividend could be in danger.

     

    SDT $7.75 was yielding as much as SDR, but has tailed down to "only" 22.0%. It is also bumping against a share price ceiling, so no trading room to speak of.

     

    WMC $13.86 was yielding 24%+, but has tailed down to 18.3% as its share price has risen. Still, I see a trading opp still for this one, which I consider fairly priced now, and a potential Buy at $13.26, trading channel somewhere up to about $14.70.

     

    CHKR $11.44 is yielding 23.2% and is fairly priced, but has only limited headroom, so its got a good yield, but not attractive as a trade.

     

    WHZ and PER Are both likely a bit pricey, not a Buy on my list.

     

    TEU $1.47 is yielding a stable 16.3%, but has enough volatility in share price to present trading opportunities. I see it as a Buy at $1.35, and a trading channel up to $1.90.

     

    CYS and RSO both yield about 14.7%, but a priced to perfection in my estimation, and have little headroom but considerable down...

     

    EROC $4.36 yields 14.0%, and has a potential trading channel between $4.00 and $4.90.

     

    VOC $14.46 is yielding 14.2%, and has a narrow trading channel between $14.00 and $14.80.

     

    NTLS $12.87 yields 13.1%, and has a chart that indicates to me a strong trading channel between $12.75 and $13.80, but when doing DD, take note of their deal with Sprint, and the ramifications of any change to that relationship.

     

    MTGE $19.95 yields 12.9%, and is priced to perfection. No trading room.

     

    ROYT $13.21 is yielding 11.0%, and has a trading range which I think will appear between $12.60 and $13.50.

     

    KCAP $7.91 yields 12.7%, but has little headroom for its share price.

     

    TICC $9.31 yields 12.2% and has a small bit of trading space between $9.30 and $9.60, probably insufficient to make it attractive for this purpose.

     

    IVR $16.88 yield 11.7% is bumping against a high, glass ceiling.
    8 May 2014, 04:21 PM Reply Like
  • Mayascribe
    , contributor
    Comments (11197) | Send Message
     
    Great stuff, trip & Mercy.

     

    Most of my MLPs took a big hit today:

     

    BPL down $3.25 today.

     

    BBEP down 2 cents, following a decent report.

     

    SXL down $2.45 (been a rocket ride though, lately)

     

    KMP down 60 cents

     

    ETP down $1.64

     

    EPD down $1.00

     

    KYE down 15 cents

     

    ####

     

    The only thing I can think of is that the 30 year T spiked today.
    8 May 2014, 04:46 PM Reply Like
  • jpau
    , contributor
    Comments (963) | Send Message
     
    FWIW, I'd be very careful with SDT and SDR. Those have been horrible investments, and I'm thankful I got out before losses (SDR). First, the wells were supposed to produce a much higher percentage of oil than they do (at least for SDR); then the reserve estimates have been cut due to poor well performance.

     

    If SD has been an honest player in this, and those wells in the AMI are indicative of what to expect in their Mississippian acreage, then I wonder if SD itself has to be in trouble. If not... I won't say what I truly wonder.
    8 May 2014, 05:25 PM Reply Like
  • tripleblack
    , contributor
    Comments (13581) | Send Message
     
    Recent events (including the series of bear raids on stocks like LINE, and quixotic SEC attacks on companies like Prospect Capital) have created a nasty situation in this sector for longs, but opened up opportunities for traders. This sector is normally not attractive for this strategy, but as I last showed about 2 years back, it can be done when conditions are right (and this MIGHT be another such opportunity).
    8 May 2014, 05:26 PM Reply Like
  • jpau
    , contributor
    Comments (963) | Send Message
     
    Oh, and how did RIG drop so much today? Seemed like a great report...
    8 May 2014, 05:30 PM Reply Like
  • tripleblack
    , contributor
    Comments (13581) | Send Message
     
    Note that I did NOT choose either as attractive, and warned about SDT.

     

    Well performance can (and probably will) be enhanced by shifting the methods to compensate (the technology for this is now quite advanced and often successful, though not invariably), so...

     

    At some point it could turn around, but I think not before the dividend is in real danger.
    8 May 2014, 05:37 PM Reply Like
  • Mercy Jimenez
    , contributor
    Comments (2705) | Send Message
     
    Good discussion, TB +Maya + JPAU.

     

    TB -- I liked being able to see some of the objectives you used in developing your list (including high yield and trading potential.) I would like to follow you and share some of the key objectives I used in creating positions in (HYD) (PCI) (PFF) (PGX) (IGD) (DSL):

     

    1) I wanted to deploy a large cash position for the medium term while earning a yield between 5-10% with monthly distributions in somewhat diversified and volume-liquid funds.

     

    2) I excluded all mutual funds (which keep you blind to fluctuating values during the day) and focused on CEFs and ETFs which trade during the day like stocks -- in the event I need to get out quick in a market event.

     

    3) Other considerations were: discount/premium to NAV, NO leverage, reasonable expense ratio, duration term of holdings, etc.

     

    Several of the CEFs/ ETFs I selected took a hit last year and appeared to have more attractive valuations this year.

     

    Thanks again for all of your thoughts.
    mj
    8 May 2014, 10:02 PM Reply Like
  • jpau
    , contributor
    Comments (963) | Send Message
     
    At the current price, and noting that it doesn't have a monthly distribution, RIG yields > 5%, and doesn't have a stratospheric P/E that would scare me off - it's trading right at book, or just below.
    8 May 2014, 11:38 PM Reply Like
  • Mercy Jimenez
    , contributor
    Comments (2705) | Send Message
     
    jpau, for individual stock allocation purposes (RIG) remains on my watchlist also. The consistent industry forecast calling for a tough 2 years coming up for drillers has kept me away thus far except for trading purposes.
    mj
    9 May 2014, 06:27 AM Reply Like
  • tripleblack
    , contributor
    Comments (13581) | Send Message
     
    To summarize this initial list (which I plan to expand as soon as possible to lower dividend levels), these are the stocks which I am buying, with trading points indicated above:

     

    WMC, TEU, EROC, NTLS, and ROYT.

     

    NTLS is probably too risky for a long position, but looks appropriate for this trading plan.

     

    I envision a 90 day effort (roughly) for most of these stocks, with a chance likely to cash 2 dividends each.

     

    Since I am not buying until they hit my target, some may take quite a while to enter the program. I will be updating my estimates as time goes on, so its a fluid situation, but the general idea is to trade while the sector is liquid and volatile. I will be adding other candidates later as my review progresses down the line.
    9 May 2014, 08:21 AM Reply Like
  • tripleblack
    , contributor
    Comments (13581) | Send Message
     
    New additions:

     

    MJ, you might look over SDIV and DIV, since you like ETF's. They are sector agnostic, but focused on yield.

     

    DX $8.50, yields about 11.8%, slight headroom to maybe $8.80, not for me...

     

    ARP $19.90, yields 11.7%, potential trading channel between 19.90 and 21.10, so its already at my target, putting in a buy program at $19.30 to start the ball rolling, may move the offer up as the day goes on...

     

    LRE $17.19, yield is 11.5%, small bit of headroom to $17.60, no go.

     

    NAT $8.04, yields 11.4%, I like this one for a $7.90 entry, exit around 8.90.

     

    AGNC $23.02, yielding 11.3%, old investment of mine from 3 years ago, priced to perfection, no thanks...

     

    BPT $87.07, yielding 13.8% (distributions recently went up, nice, BP is investing billions in new wells and methods), chart indicates a trading channel up to $89.90, but I think it has more headroom coming...
    Put in a buy program at $85.11, we'll see but I like this one.

     

    QRE $17.29, yield at 11.3%, Trading possible now, its at my target price, putting in a buy order at $17.24, exit around $18.70.

     

    That's all for now. Got to get ready to setup our Roswell Mother's Day art festival this weekend.
    9 May 2014, 08:52 AM Reply Like
  • Mercy Jimenez
    , contributor
    Comments (2705) | Send Message
     
    (SDIV) does look very interesting and has reasonable volume liquidity, TB. It's at the 52 week high so I will keep a watch on it.

     

    Many thanks and hope your art festival is very productive!
    mj
    9 May 2014, 09:28 AM Reply Like
  • Mayascribe
    , contributor
    Comments (11197) | Send Message
     
    jpau: US rig count up 1 in latest week to 1,855

     

    http://bit.ly/1saDGiw
    9 May 2014, 01:57 PM Reply Like
  • Mercy Jimenez
    , contributor
    Comments (2705) | Send Message
     
    jpau in case you missed it today: Transocean Stays Afloat as Offshore Drillers Sink
    http://on.barrons.com/...
    mj
    9 May 2014, 03:04 PM Reply Like
  • tripleblack
    , contributor
    Comments (13581) | Send Message
     
    Bought trading blocs in the following today:

     

    NTLS @$12.87, closed $13.92, up $1.05 ex date June 11 (quarterly) $.42 div

     

    ARP @$19.30, closed $19.06, down $.24 ex date June 5 (monthly) $.1933 div

     

    QRE @$17.23, closed $17.04, down $.19 ex date June 6 (monthly) $.1625 div
    9 May 2014, 06:17 PM Reply Like
  • tripleblack
    , contributor
    Comments (13581) | Send Message
     
    High Yield Raid update:

     

    Overall up 1.4% since Friday. Will be examining more candidates today, and of course monitoring existing list. Most are showing gains this morning, except for NTLS which had a big day Friday. Sector volume is up.
    12 May 2014, 09:49 AM Reply Like
  • tripleblack
    , contributor
    Comments (13581) | Send Message
     
    Reviewed the next tier of high yielders...

     

    SDRL, WIN and PDH all have little headroom for trading

     

    NGPC shows potential. It yields 10.75%, and closed at $6.28, with some ready headroom imo up to $7.12. I want to enter in the high $5.9x range, call it $5.96.

     

    FSC is one I have been in and out of on several occasions. Right now, I am out, and staying out.

     

    PNNT is another old favorite, now yielding 10.61%, priced at $10.80. I want to buy in around $10.50, and ultimately sell at $11.22

     

    CMO does not work for this raid.

     

    RNF is a good possibility. It is yielding 10.39%, and closed today at $16.12. I want to enter around $15.84, and exit at $18.06.

     

    NLY, LINE and HTS are not trades for this Raid.

     

    AINV is another old buddy, now yielding 10.11% and selling for $7.99 per share. I want to enter just a bit lower in the $7.8x range, and depart in the mid-$8's.

     

    BBEP, MFA and STON did not make the cut.

     

    BKCC is a possibility, yielding 9.91% and costing $8.60 per share. The potential trading channel I am hoping for is about $1.01, from $8.40 entry to $9.41 exit.

     

    AMTG and ARI are not attractive for this purpose.

     

    Overall, the day ended well, with my 3 choices up an aggregate 2.5% since Friday.

     

    I did not add any new stocks today, but hope to do so tomorrow.
    12 May 2014, 04:30 PM Reply Like
  • FocalPoint Analytics
    , contributor
    Comments (6282) | Send Message
     
    My whiskers are starting to twitch with Trip and others discussions on income strategies.
    12 May 2014, 04:43 PM Reply Like
  • Alex T
    , contributor
    Comments (295) | Send Message
     
    I have PDH in my IRA, bought a few weeks ago at $13.06. I passed on WIN a few months ago when it was selling at $7.99.
    Thought about SDRL but decided to pass being that I have NE and RIG already.
    12 May 2014, 11:32 PM Reply Like
  • Windwood Trader
    , contributor
    Comments (4129) | Send Message
     
    >Alex-

     

    Re:(PDH)
    I too had the hi yielder in my IRA until a loss limit kicked it out in early April. It was just as well for me as there was very little consistency for the dividend payouts.

     

    I since then have done a couple of div raids with it but don't consider it as a reliable investment- but then, what is?

     

    WT
    13 May 2014, 10:07 AM Reply Like
  • jpau
    , contributor
    Comments (963) | Send Message
     
    Interesting report this week from EIA on nat gas storage, only added 74 Bcf, not the triple-digit increase that many expected

     

    While I sold my UPL a week or so back, I noted in their call that they are almost idling Marcellus in favor of drilling their Pinedale acreage - they feel that they can get better prices in the west for the next year

     

    I'm starting to add again as it goes down
    9 May 2014, 09:49 AM Reply Like
  • Mayascribe
    , contributor
    Comments (11197) | Send Message
     
    When Gandhi was studying law at the University College of London, a white professor, whose last name was Peters, disliked him intensely and always displayed prejudice and animosity towards him. Also, because Gandhi never lowered his head when addressing him , as he expected.... there were always "arguments" and confrontations.

     

    One day, Mr. Peters was having lunch at the dining room of the University, and Gandhi came along with his tray and sat next to the professor. The professor said, "Mr Gandhi, you do not understand. A pig and a bird do not sit together to eat."

     

    Gandhi looked at him as a parent would a rude child and calmly replied, "You do not worry professor. I'll fly away," and he went and sat at another table.

     

    Mr. Peters, reddened with rage, decided to take revenge on the next test paper, but Gandhi responded brilliantly to all questions. Mr. Peters, unhappy and frustrated, asked him the following question. "Mr Gandhi, if you were walking down the street and found a package, and within was a bag of wisdom and another bag with a lot of money, which one would you take?"

     

    Without hesitating, Gandhi responded,"The one with the money, of course."

     

    Mr. Peters , smiling sarcastically said, "I, in your place, would have taken the wisdom, don't you think?"

     

    Gandhi shrugged indifferently and responded,"Each one takes what he doesn't have."

     

    Mr. Peters, by this time was fit to be tied. So great was his anger that he wrote on Gandhi's exam sheet the word "idiot" and gave it to Gandhi. Gandhi took the exam sheet and sat down at his desk trying very hard to remain calm while he contemplated his next move.

     

    A few minutes later, Gandhi got up, went to the professor and said to him in a dignified but sarcastically polite tone, "Mr. Peters, you signed the sheet, but you did not give me the grade."
    9 May 2014, 04:23 PM Reply Like
  • H. T. Love
    , contributor
    Comments (19440) | Send Message
     
    Love it Maya!

     

    HardToLove
    9 May 2014, 04:39 PM Reply Like
  • Mercy Jimenez
    , contributor
    Comments (2705) | Send Message
     
    Great anecdote about a great man, Maya. Thanks for sharing. I have always loved his quote regarding the
    "Seven Deadly Sins"

     

    Wealth without work
    Pleasure without conscience
    Science without humanity
    Knowledge without character
    Politics without principle
    Commerce without morality
    Worship without sacrifice.”

     

    ― Mahatma Gandhi
    10 May 2014, 07:19 AM Reply Like
  • Alex T
    , contributor
    Comments (295) | Send Message
     
    Those are words of wisdom.
    12 May 2014, 10:42 AM Reply Like
  • robert.b.ferguson
    , contributor
    Comments (10491) | Send Message
     
    Many thanks to all participants of the QC and especially the "Gades." I have compiled a list of the stocks I still hold related to the QC and peripheral concentrators. I have included only those which I still hold for any reason. Some I am still actively engaged with, some are residuals and some are tracking positions. We have been interacting for investment purposes on the QC for several years now and all of these stocks were analyzed here.
    (ALEX) +16.95%/ (GALE)+100% spin off (RXIID)
    (ALTI) - 11.17%/ (OTCPK:GDLNF)-86.52%
    (ARLP) + 31.47%/ (OTCQX:GWMGF)-67.63%
    (AT) -77.46%/ (HW)- 0.69%
    (OTCQB:AXPW) -87.93/ (INTC)+35.08%
    (OTCPK:BCONQ) -98.84%/ (JAG)-99.23%
    (COP) +31.01%/ (OTCQX:LYSDY)-93.13%
    (CPST)+22.32%/ (MATX)+100% spin off (ARLP)
    (DRYS) -41%/ (NCT)-34.91%
    (DVR)-81.21%/ (OTCQX:NIOBF)-20.75%
    (FSC)+0.11%/ (NVAX)+45.8%
    (OTCPK:NXTH)-99.27%/ (PAL)95.84%
    (PSEC)+19.86%/ (RXIID)+4.21%
    (OTCQB:SBOTF)-51.7%/ (OTCPK:SRSR)-60.33
    (V)+266.75%/ (OTCPK:XIDEQ)-96.15%
    over all +2.23%
    While some of this looks brutal (And some of it was.) it's not as bad as it looks. through the many years investing with this group there have been many multi baggers that have been liquidated. For example FPA and I were in (IMAX) and made out like fat rats (No offense intended Rattie.) IIRC we were buying up (INTC) on the cheap as well. There were many more and over the duration of the QC I have pulled roughly $80K out of this portfolio for other purposes. Many of the positions here are on house money as well. All in all the associations I have developed here have made me a better investor and hopefully a better person as well. Again many thanks to you all!
    9 May 2014, 05:24 PM Reply Like
  • LT
    , contributor
    Comments (5783) | Send Message
     
    Robert, I couldn't agree more with that last two lines. I too thank all here for their contributions.
    10 May 2014, 05:28 AM Reply Like
  • Windwood Trader
    , contributor
    Comments (4129) | Send Message
     
    Re:(PSEC)

     

    Discussed on several instances on this board and held by me for almost a year at one time PSEC just hit a new 52 week low today down 3% to $9.73.

     

    Appears to be some concerns about a SEC directive to consolidate some of its holdings within a certain timetable that is proving difficult.

     

    WT
    13 May 2014, 10:27 AM Reply Like
  • Mayascribe
    , contributor
    Comments (11197) | Send Message
     
    WT: Prospect definitely off my radar. PSEC = Zombie money ;-)
    13 May 2014, 10:40 AM Reply Like
  • tripleblack
    , contributor
    Comments (13581) | Send Message
     
    I dumped my long term holdings in PSEC immediately when the SEC announcement hit, got out intact. It should be noted that this COULD be a general move toward regulatory attacks on high yield stocks in general, however, and I believe this is one of the factors which might well be stirring up some of the volatility which I see as tradable.

     

    I looked at PSEC for the High Yield Raid review, but the SEC news is just too unpredictable to trade. Once that settles out, I suspect it will be a different story altogether.
    13 May 2014, 10:45 AM Reply Like
  • tripleblack
    , contributor
    Comments (13581) | Send Message
     
    Tuesday High Yield Raid update:

     

    Well, NTLS hit my sell target today, so I sold at $13.81, up $.93 per share in 2 days. Increase of 7.3%. I was tempted to hold out for a few dividends, but decided to stick with the plan. I think I will see my entry price of $12.87 again... Multiple trades is the idea.

     

    Still tracking WMC, TEU, ROYT, NAT, BPT, NGPC, PNNT, RNF, AINV and BKCC.

     

    Bought EROC at $4.02 today, closed at $4.14, up .12 (3%) so far.

     

    Still holding ARP with .07 gain.

     

    Still holding QRE with a .15 gain.

     

    Up 2.5% overall.
    13 May 2014, 04:59 PM Reply Like
  • Windwood Trader
    , contributor
    Comments (4129) | Send Message
     
    >Trip-

     

    Good going on the div raid.

     

    (PSEC) was one of the few that one could depend upon. That holding also was clipped by a stop loss back in February or early March. Probably saved me some grief right about now.

     

    As to the SEC I have tried reading between the lines a bit. It may not be hi-yielders per se rather BDCs that have stirred the sleeping bear. The agency has always been suspect about MLPs and BDCs and how their value is determined. I think they may be forcing conformity among those types come hell or high water.

     

    I ran afoul of that bunch back in the early '70s and it was because the investigator did not quite understand what I was doing. They kept prodding and digging until they found a technicality they could hang on me- pure spite.

     

    WT
    13 May 2014, 05:27 PM Reply Like
  • Mercy Jimenez
    , contributor
    Comments (2705) | Send Message
     
    Well said Robert and ditto LT.
    TB's and FPA's Concentrators are among the best highlights of SA -- perfect balance of market knowledge sharing with utmost civility and respect for opposing points of view. Thanks all!
    mj
    10 May 2014, 07:10 AM Reply Like
  • tripleblack
    , contributor
    Comments (13581) | Send Message
     
    It should be noted that the QuickChat was created by Options Girl, then caretaken by HTL before I became caretaker. As is only right and proper, I give thanks to the originator of the concept, OG.
    10 May 2014, 07:31 AM Reply Like
  • Mercy Jimenez
    , contributor
    Comments (2705) | Send Message
     
    well noted TB. A round of cheers and thanks to OG and HTL!
    mj
    10 May 2014, 09:57 AM Reply Like
  • H. T. Love
    , contributor
    Comments (19440) | Send Message
     
    S/b noted I did it only for a very short time. Kudos really go to O.G. and TB, whose been on it godawful long now.

     

    I also add my thinks to all for what I have been able to learn thus far.

     

    I just wish the road were shorter. It seems longer now than when I began. Probably an "unintended consequence" of discovering how much I didn't (and still don't!) know. Oh well.

     

    HardToLove
    10 May 2014, 11:44 AM Reply Like
  • Stilldazed
    , contributor
    Comments (3555) | Send Message
     
    Hi Gang,
    I lurk mostly, but would like to thank all here for the best analysis I have seen anywhere. The open exchange of ideas and opinions as well as references for due diligence without any posturing is refreshing and greatly appreciated. I have learned much from all of you.

     

    OG and MJ hope you have a great Mothers Day.
    10 May 2014, 12:23 PM Reply Like
  • D-inv
    , contributor
    Comments (4788) | Send Message
     
    Ditto on all the expressions of appreciation.
    10 May 2014, 08:53 PM Reply Like
  • Alex T
    , contributor
    Comments (295) | Send Message
     
    Ditto: But this is coming a little late.
    12 May 2014, 10:44 AM Reply Like
  • robert.b.ferguson
    , contributor
    Comments (10491) | Send Message
     
    I also wish all of the ladies here who are mothers a happy Mother's day. I want to make a correction: (MATX) was spun off of (ALEX) not (ARLP). TB: Weren't you in that stock (ALEX) as well. I seem to remember your analysis regarding their real estate holdings as their strong suit?
    10 May 2014, 01:19 PM Reply Like
  • tripleblack
    , contributor
    Comments (13581) | Send Message
     
    Sorry RBF, I don't recall ever buying ALEX. I may have commented on them, but I don't remember that either.
    10 May 2014, 08:33 PM Reply Like
  • tripleblack
    , contributor
    Comments (13581) | Send Message
     
    Calafia has several useful charts here, and makes a case for a stronger dollar as the ECB and the FED part ways and pursue opposing policies.

     

    He uses inflation and dollar depreciation as part of his numbers, which I feel is essential.
    11 May 2014, 06:54 AM Reply Like
  • tripleblack
    , contributor
    Comments (13581) | Send Message
     
    http://seekingalpha.co...
    11 May 2014, 06:56 AM Reply Like
  • optionsgirl
    , contributor
    Comments (5202) | Send Message
     
    Thanks for the mother's day wishes. Hey Ferguson, what about BONL??? No list is complete without that lovely little dividend payer.
    11 May 2014, 04:39 PM Reply Like
  • robert.b.ferguson
    , contributor
    Comments (10491) | Send Message
     
    Oy, Gee: Greetings and salutations. Indeed (OTCPK:BONL) was a nice ride and was quite profitable. I sold it prior to it's sale.
    12 May 2014, 11:42 AM Reply Like
  • optionsgirl
    , contributor
    Comments (5202) | Send Message
     
    Happy mother's day MJ and any moms not mentioned directly,
    and thanks to all the Dads for their contributions~
    11 May 2014, 05:01 PM Reply Like
  • Windwood Trader
    , contributor
    Comments (4129) | Send Message
     
    Hey, OG-

     

    No recognition for us Curmudgeons?

     

    We do have feelings you know.

     

    WT
    11 May 2014, 06:11 PM Reply Like
  • H. T. Love
    , contributor
    Comments (19440) | Send Message
     
    WWT: Bah! I don't wanta hear it! ;-))

     

    Happy mother's day to all the mothers who put up with us yougsters during our formative years ... and sometimes longer!

     

    HardToLove
    11 May 2014, 06:49 PM Reply Like
  • Windwood Trader
    , contributor
    Comments (4129) | Send Message
     
    Bah! Humbug!
    13 May 2014, 11:29 AM Reply Like
  • Windwood Trader
    , contributor
    Comments (4129) | Send Message
     
    Keep an eye on (CYTK) Monday- Although the chart shows profit taking on Friday I can see a support/advance from here-

     

    I'm long CYTK and looking to add.

     

    WT
    11 May 2014, 06:54 PM Reply Like
  • H. T. Love
    , contributor
    Comments (19440) | Send Message
     
    (CPST): Video: Testing Driving The Wrightspeed Turbine Truck

     

    http://bit.ly/1ja5Jz6

     

    Thanks to Caaappper at Investorvillage for the link.

     

    HardToLove
    12 May 2014, 07:10 AM Reply Like
  • FocalPoint Analytics
    , contributor
    Comments (6282) | Send Message
     
    Thanks HT, The amazing thing to me is how small the Capstone turbine is and the fact that it's basically maintenance free, runs on anything, and has air bearings. Wrightspeed's systems design is nothing less than Elegant. Someone knows what they are doing in that company. I do wish they would not tear up the salt flats doing donuts in that beast.
    12 May 2014, 08:40 AM Reply Like
  • H. T. Love
    , contributor
    Comments (19440) | Send Message
     
    (CPST): "Capstone Names Richard B. Lewis as Vice President, Operations"

     

    http://bit.ly/1hHeGdy

     

    "The exercise price of the options granted to Mr. Lewis will be the fair market value of Capstone's common stock on the date of the grant, which is the closing price per share as reported on the Nasdaq Global Market on May 12, 2014".

     

    So let's all buy one share at $5 at 15:59! :-))

     

    Pre-maket +5.26% $1.40.

     

    HardToLove
    12 May 2014, 08:35 AM Reply Like
  • H. T. Love
    , contributor
    Comments (19440) | Send Message
     
    (CPST): "Capstone: Extreme Sell-Off And Reliance Upon Misinformation Creates Tremendous Entry Point"

     

    http://seekingalpha.co...

     

    HardToLove
    12 May 2014, 08:49 AM Reply Like
  • siliconhillbilly
    , contributor
    Comments (2728) | Send Message
     
    The Russell2000 and some of the other averages today look contrived to me. Opening quick ramp up and them FLAT for hours? Maybe I'm just suspicious, but this is just odd.
    12 May 2014, 01:56 PM Reply Like
  • H. T. Love
    , contributor
    Comments (19440) | Send Message
     
    For those following (OTCQB:AXIH): "AXION Receives Purchase Order for ECOTRAX 100% Recycled Composite Rail Ties from Transit System in Russia"

     

    "... received an additional purchase order for ECOTRAX® rail ties to be shipped to a transit system in Moscow, the second order from this customer ..."

     

    "... order which consists of 1,000 rail ties, is the third purchase order from Russia ..."

     

    "Russia's railway system is the country's key mode of transportation, with an operational length of over 85,000,000 kilometers, making it the second largest rail network in the world. According to Railway Technology, a current rail modernization plan in Russia calls for the construction of up to 20,000 kilometers of new routes, the upgrade of 13,800 kilometers of freight lines for heavy axle loads, among other improvements, at an estimated cost of $353 billion by 2030. The European Bank for Reconstruction and Development (EBRD) has invested more than $1.6 billion in 13 Russian rail projects since 2001".

     

    http://prn.to/1qyRJmv

     

    HardToLove
    13 May 2014, 07:21 AM Reply Like
  • Mayascribe
    , contributor
    Comments (11197) | Send Message
     
    Considering adding MEMP to my stable of MLPs. Yield ~ 10%, and supposedly is the lowest cost producer of any MLP.

     

    They should being do an offering sometime soon, right after which may be a good entry point:

     

    http://seekingalpha.co...
    13 May 2014, 09:11 AM Reply Like
  • Mayascribe
    , contributor
    Comments (11197) | Send Message
     
    "They should being do an offering sometime soon, right after which may be a good entry point"

     

    being do? -- LOL!
    13 May 2014, 10:43 AM Reply Like
  • Mercy Jimenez
    , contributor
    Comments (2705) | Send Message
     
    Good perspective re: bond volume liquidity considerations during the summer months. I am still long (DSL) and added more yesterday on the often seen price drop pre-ex-dividend date. http://bloom.bg/1lsIpeq
    mj
    13 May 2014, 10:19 AM Reply Like
  • Mayascribe
    , contributor
    Comments (11197) | Send Message
     
    Put in a GTC for (MEMP) in the brokerage account @ $21.50, which is the 200 DMA. This will only be a half position, for now, and the rest will be added if/when MEMP raises some moohla.

     

    The chart is a beauty. It seems that every time MEMP hits the 200 day, it bounces for another run upward.

     

    Broker does expect a market pullback within the next three months, but not more than 5%. He also agrees with my earlier notion that interest rates will remain low for years to come.
    13 May 2014, 11:18 AM Reply Like
  • Windwood Trader
    , contributor
    Comments (4129) | Send Message
     
    >Maya-

     

    Re:(MEMP)

     

    It DOES look good-

     

    Casey Hoerth thinks so as well-

     

    http://seekingalpha.co...

     

    Good luck with it.

     

    WT
    13 May 2014, 01:18 PM Reply Like
  • Mayascribe
    , contributor
    Comments (11197) | Send Message
     
    Casey article was linked above, WT. LOL.
    13 May 2014, 02:07 PM Reply Like
  • tripleblack
    , contributor
    Comments (13581) | Send Message
     
    DYODD is always good.
    13 May 2014, 03:43 PM Reply Like
  • Windwood Trader
    , contributor
    Comments (4129) | Send Message
     
    >Maya-

     

    OOPS! Missed it.

     

    WT
    13 May 2014, 06:36 PM Reply Like
  • optionsgirl
    , contributor
    Comments (5202) | Send Message
     
    GILD is up around $10 a share since the time I wrote about it in April after they reported a blockbuster quarter. I have been in and out of it, sold puts, took stock, sold calls, got called away. All in all, I'd have been better off just sitting on the stock and not selling the calls. It worked out better for my broker than it did for me, lol.
    Still, there is more upside,imo. I sold a few puts that expire this Friday. (So far, they are out of the money, so they should expire worthless--yippee.)
    I keep hoping for a better entrance since the stock is already over $80.

     

    Hat tip to my favorite curmudgeons.
    13 May 2014, 09:01 PM Reply Like
  • H. T. Love
    , contributor
    Comments (19440) | Send Message
     
    (OTCQB:AXIH): For those following, "AXION Reports First Quarter 2014 Financial Results"

     

    "Company Reports Strong Performance with First Quarter Revenues Up 176% Year-Over-Year"

     

    http://prn.to/1gaBo2H

     

    HardToLove
    16 May 2014, 08:07 AM Reply Like
  • Mercy Jimenez
    , contributor
    Comments (2705) | Send Message
     
    "The MOVE index, basically the VIX of the bond world, is at some seriously low levels. As in, it's only been this low 4% of the time over the past 25 years ... The 10-year fell below 2.5% this week, hitting its lowest level since October. Think it can't go lower? Think again, per Scott Minerd of Guggenheim Partners. He sees 2% as a real possibility in the coming months. "With less need to borrow, the U.S. Treasury Department will likely decrease its issuance of securities over the coming months, adding to downward pressure on yields." http://on.mktw.net/1ga...
    mj
    16 May 2014, 10:25 AM Reply Like
  • tripleblack
    , contributor
    Comments (13581) | Send Message
     
    Sovereign debt (including ours) no longer makes any sense to me as an investment for retail level people.

     

    The risks are grotesquely out of balance with the rewards. The lower the rate, the more grotesque it becomes.
    16 May 2014, 10:44 AM Reply Like
  • FocalPoint Analytics
    , contributor
    Comments (6282) | Send Message
     
    And based on the lessons learned over in Europe, if you are not a central bank, or a protected financial body (protection bought and paid for by political cronies) , private income sources are the first to get tomahawked with a massive haircut.
    16 May 2014, 04:02 PM Reply Like
  • jakurtz
    , contributor
    Comments (1960) | Send Message
     
    so if you have 250k to plop down for a dinner with ben bernanke he can tell you all you need to know to invest wisely over the next several years. the best part is that sources for this story dont want to be revealed since they are "private" dinners with "non-public information". come on Ben cant you fill us plebeians in? ill make you a delicious lasagna.

     

    http://reut.rs/1lx1vgT
    16 May 2014, 08:19 PM Reply Like
  • Mayascribe
    , contributor
    Comments (11197) | Send Message
     
    "Coffee rust" endangering premium coffee suppliers in Central America:

     

    http://on-msn.com/1hVJ4B5

     

    Hoping my friend, Lloyd, who gave doubleguns and myself a fabulous tour of his coffee finca about 40 minutes from Copan, Honduras, isn't being affected. But the above article makes it appear that coffee rust will get worse before things improve.

     

    Again tracking (JO), a coffee ETF.
    18 May 2014, 02:25 PM Reply Like
  • Mayascribe
    , contributor
    Comments (11197) | Send Message
     
    One of the most amazing nature videos I've ever seen.

     

    Over four days, a deadly and quite huge leopard seal tries to feed a National Geographic scuba diver:

     

    http://bit.ly/1hVJuHU
    18 May 2014, 02:29 PM Reply Like
  • Mercy Jimenez
    , contributor
    Comments (2705) | Send Message
     
    Still watching for any early warnings from the USD Index. Actions being taken in China, Japan, and the EU are particularly noteworthy. "China’s crackdown on shadow banks may have led Beijing to sell dollars" and "A stronger yen will encourage selling in the dollar and the euro, as well as stocks, as the yen-carry trades are closed."
    http://on.mktw.net/1qP...
    http://on.mktw.net/1qP...
    mj
    19 May 2014, 08:34 AM Reply Like
  • tripleblack
    , contributor
    Comments (13581) | Send Message
     
    Just an intermediate step in the currency wars. China's "crackdown" on shadowbanks is mischaracterized and misunderstood. Its one hand of the oligarchy swapping the sock puppet to the other hand. Do not be fooled, and I suspect many central banks (who play similar games) know what is really happening.

     

    The yen is now "too" strong, something which I predicted would occur whenever China wanted it to. The two events are synchronized and non-coincidental. The first real test of the current Fed strategy (and the architects in the White House) is at hand. I expect the reaction at the Fed to be swift but probably wrong, at least if one is working from the mistaken impression that the US Government's priorities involve protecting its citizens and their property.
    19 May 2014, 08:46 AM Reply Like
  • H. T. Love
    , contributor
    Comments (19440) | Send Message
     
    For those following (OTCQB:AXIH): "AXION Receives Third Purchase Order for ECOTRAX 100% Recycled Composite Rail Ties from Major Transit System in Europe"

     

    http://prn.to/SdHxR6

     

    HardToLove
    20 May 2014, 07:14 AM Reply Like
  • Mayascribe
    , contributor
    Comments (11197) | Send Message
     
    (BBEP) knocking on the 52 week high door; up around 5% in the last week and a half.
    20 May 2014, 12:24 PM Reply Like
  • tripleblack
    , contributor
    Comments (13581) | Send Message
     
    OK, time for another update on my High Yield Raid:

     

    NTLS was sold, for a short term 7.3% gain after only a few days when it hit my target, before I could cash any dividends. It subsequently missed this quarter, and is in rough waters. I have deleted it from my list for now.

     

    Still watching WMC, TEU, ROYT, NAT, AINV, and BPT.

     

    Entered NGPC at $5.95, currently tracking at $6.22, up .27
    Entered PNNT at $10.46, currently tracking at $10.77, up .31
    Entered RNF at 15.80, currently tracking at $16.79, up .99
    Entered EROC at $4.02, currently tracking at $4.05, up .03
    Entered ARP at $19.30, currently tracking at $20.06, up .76
    Entered QRE at $17.23, currently tracking at $17.66, up .43

     

    Overall: Up 4.3%, with prospects of cashing dividends in June.
    20 May 2014, 03:42 PM Reply Like
  • tripleblack
    , contributor
    Comments (13581) | Send Message
     
    HY Raid update:

     

    NGPC at $5.95, currently tracking at $6.27, up .32
    PNNT at $10.46, currently tracking at $10.75, up .29
    RNF at 15.80, currently tracking at $16.95, up 1.15
    EROC at $4.02, currently tracking at $4.05, up .03
    ARP at $19.30, currently tracking at $19.86, up .56
    QRE at $17.23, currently tracking at $17.84, up .61

     

    Overall: Up 4.75%, with prospects of cashing dividends in June.
    21 May 2014, 03:53 PM Reply Like
  • Mercy Jimenez
    , contributor
    Comments (2705) | Send Message
     
    Here's an update from Bloomberg on two of the discounted high yield CEFs we've discussed in the past (PCI) and (PDI). Unlike many of these type of funds, these two are not leveraged to amplify bets (adding to risk.) "Shares across the $118.6 billion taxable fixed-income closed-end category are trading at prices that are 5.6 percent below their net asset values ... That compares with an average discount of 3.8 percent over the past nine years." http://bloom.bg/1k4Jyts

     

    After the beating these funds took last year -- institutional money has been moving in swiftly this year.
    mj
    Disclosure: Long (PCI)
    21 May 2014, 06:52 AM Reply Like
  • Alex T
    , contributor
    Comments (295) | Send Message
     
    Thank you for the article. It is informative.
    21 May 2014, 10:27 AM Reply Like
  • optionsgirl
    , contributor
    Comments (5202) | Send Message
     
    MJ, did you see this on Bloomberg?"Norway loses reputation as stable investment as oil firms recoil":
    http://bloom.bg/1k55kNV
    21 May 2014, 09:32 AM Reply Like
  • Mercy Jimenez
    , contributor
    ,