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theregans

theregans
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  • Horsehead says Mooresboro zinc production "limited" in August [View news story]
    This is starting to look like a binary trade it either goes to zero (highly unlikely) or it is a 4X investment or greater. I have been selling the June 2016 $5.00 puts. For between $0.50 and $0.60 which would get me in around $4.55 per share by next June. I sort of hope we get there. I would be content owning at these levels. My current cost basis is just under $8.00. I'm sure I would feel different If my cost basis were $12.00

    You either believe they will work this out longer term and prices and demand tick up or you believe they deliberately went out of their way to destroy this company by building a new plant. I'm sorry but I can't subscribe to the later. It is trading in the low 400 million range after hours yesterday. In my opinion that is just insane. I am long, I am continuing to build my position almost daily. I am going to make it 15% of my portfolio. To me the risk is rather low. The uncertainty is rather high. Something Mr. Market does not like at all. In the end my portfolio either goes down 15% or up 30%-40%. I am comfortable with that risk and anticipate the reward.
    Sep 2, 2015. 07:42 AM | 2 Likes Like |Link to Comment
  • Tracking Warren Buffett's Berkshire Hathaway Portfolio - Q2 2015 Update [View article]
    You're right he can't. He crushes the S&P. Do a little homework.....
    Aug 31, 2015. 11:44 AM | Likes Like |Link to Comment
  • Don't Buy CVR Refining LP - Price Dropping After Ex-Date [View article]
    Actually CVRR was down more like 10% and it was one of the last to fall. I will refrain from using juvenile personal attacks or from calling you childish names. Sorry for your losses.....
    Aug 27, 2015. 09:48 AM | Likes Like |Link to Comment
  • Horsehead Holding Corp: Trotting Towards 40% Upside [View article]
    Not sure about a secondary. In the mean time I am selling the June 2016 $5.00 put for .60 which is a 20% ROI in 10 months. This is a win win win trade IMHO. Stock hangs around here and I make 20% in 10 months. Stock goes up and the stock I own appreciates. Stock goes down and I reduce my basis to $4.40 per added share if it drops below $5.00 by June. Up, I win, sideways, I win, down I win.... As long as it doesn't go to ZERO!
    Aug 24, 2015. 03:16 PM | Likes Like |Link to Comment
  • Horsehead Holding Corp: Trotting Towards 40% Upside [View article]
    Bought in on Friday @ $7.11 was looking to see if it would drop into the 5's today but it didn't. I will hold and see where we go from here. I hope it continues to go down so I can add to my position. I have a target of $30.00 within 5 years on this. I will lighten the load when it gets back to previous highs.
    Aug 24, 2015. 02:17 PM | Likes Like |Link to Comment
  • Don't Buy CVR Refining LP - Price Dropping After Ex-Date [View article]
    Took longer than predicted but this is now working. Sold all my position at 20.80. Not sure what my target buy back is but its in the mid $18's right now.... Oh and I did collect the dividend which is like an extra bonus on this one!
    Aug 21, 2015. 11:53 AM | 1 Like Like |Link to Comment
  • Tracking Warren Buffett's Berkshire Hathaway Portfolio - Q2 2015 Update [View article]
    "Berkshire's cost-basis on AXP, KO, and PG are at around $8.49, $3.25, and $6.40, and ownership stakes are at 14.8%, 9.2%, and 1.9%, respectively."

    So in the next couple of years (give or take a couple) his cost basis will be ZERO!!!

    This is amazing!!! I can't imagine having a cost basis of ZERO on any of my holdings. Even with a sophisticated strategy using derivatives to reduce basis.

    Simply amazing!

    To all you young whipper snippers. Take note! The best way to do this is Rule #1. Don't lose money! No joke, always protect and anticipate your down side. By doing so, you will exponentially increase your upside over the years.
    Aug 15, 2015. 07:40 PM | 2 Likes Like |Link to Comment
  • BP less likely to be acquired after spill settlement, CEO Dudley says [View news story]
    If you are looking for a small refinery play check out CVRR. They pay out most of their earnings in a quarterly dividend. Roughly 15%. Should pay close to a buck next month and trading around $20.00. Not a recommendation to buy. Just thought some might not know of this one and might want to check it out. Do your own DD.
    Jul 28, 2015. 02:23 PM | 2 Likes Like |Link to Comment
  • BP less likely to be acquired after spill settlement, CEO Dudley says [View news story]
    All I really want to know is how safe the dividend is? If they cut it, lookout below. Will be a screaming buy then. For now it is a strong buy IMHO.
    Jul 28, 2015. 02:21 PM | Likes Like |Link to Comment
  • Apple Watch Volumes Are Much Better Than Slice Figures Suggest [View article]
    I totally concur. The battery is not an issue. I often go 2 full days until I need to charge it. Often I have 50% or 70% left after a light day. If so I don't charge it and have only had it go dead on me once. I use it primarily for business email notification, the exercise app daily and the odd phone call here and there. Those stating there is a battery issue are out to lunch and have no real world experience with the watch. Just read a typical negative report against APPL. Hey when you are the greatest company in the world, people are going to gun for you all the time. Long AAPL I plan to sell when we to to NEVER!
    Jul 13, 2015. 03:28 PM | 10 Likes Like |Link to Comment
  • CVR Refining Is Firing On All Cylinders [View article]
    I bought more today. Trying to bring down my cost average with options. Which is hard to do as they are thinly traded. Love the payout on this one! Even if it is all over the map. I think that helps provides limited downside.
    Jun 4, 2015. 04:42 PM | 1 Like Like |Link to Comment
  • Apple Watch Is Making Luxury Watchmakers Uncomfortable [View article]
    Well I have a drawer full of luxury watches that are staying there since my $AAPL watch arrived. I love a few features that to me are amazing. I only get notifications for work emails based on that one particular email account I have it set up with and also PM's from Facebook which my wife and I use to communicate with each other. The other feature I love is for walking and running. I no longer have to count laps at the indoor gym to know what I've done. It sets goals for me automatically as well. The GPS feature works really well too. Getting the haptic touch when you need to turn is very slick.

    To think this is but the first iteration of this device. I can't even imagine what a version 6 will be able to do for me. For now my watch drawer will stay closed. I do need to wind a few of then from time to time. (pardon the pun) but at this point I see no need to ever wear them again.

    Let me know when $AAPL watch 2.0 comes out so I can be at the top of the pre-order list. I should also disclose $AAPL is my largest holding. The dividends I receive pay for all my annual AAPl purchases several times over.
    Jun 1, 2015. 04:43 PM | 16 Likes Like |Link to Comment
  • Carl Icahn Is Wrong, Apple Is Not Worth $240 Today [View article]
    I'm working on my second. I heard its easier that way....
    May 19, 2015. 01:33 PM | 9 Likes Like |Link to Comment
  • Buy Twitter Before Periscope, Video Really Take Off [View article]
    Time is the most valuable asset we have and we never know when it will end....
    May 4, 2015. 05:27 PM | Likes Like |Link to Comment
  • Buy Twitter Before Periscope, Video Really Take Off [View article]
    When I take a position in a stock, I hope and pray it goes down further. I always buy in 3 or 4 tranches, I like it at $40.00 why would I not like it more @ $35.00? Or love it @ $30.00? I am not a day trader, I am thinking 10+ years into the future.
    May 4, 2015. 01:37 PM | 1 Like Like |Link to Comment
COMMENTS STATS
83 Comments
203 Likes