BlueDog

http://www.bluedogonwallstreet.blogspot.com
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    • Fri Jul 18th 12:39 PM | Rating: 0 0
      Commented on:
      Options Trader: Friday Outlook
      "We were able to pick up the Aug $45 puts for $1.64 at about 4:09 and this is a wonderful and little-used way of protecting yourself when earnings don’t go your way."

      How is it that these puts cost you $1.64, the Naz is down -1.88%, yet the options are selling for $1.56?
      View article »
    • Thu Jul 17th 12:22 PM | Rating: 0 0
      Commented on:
      Cleveland-Cliffs All Set to Exploit Emerging Market Steel Demand
      Looks like a head and shoulders pattern is forming on the 6 month daily chart. If the neckline of $100 breaks, retests and fails on higher volume it will likely head lower. It looks like a good stock but I'm going to wait until the H&S pattern breaks before going long.
      View article »
    • Wed Jul 16th 19:23 PM | Rating: 0 0
      Commented on:
      Investing in Currency ETFs: Irony of the 'Bail-Out' Mentality
      Nice article, Brian. I've been trying to find away to play the yuan without opening up a forex account.
      View article »
    • Tue Jul 15th 12:07 PM | Rating: 0 0
      Commented on:
      Tuesday Outlook: Commodities, Emerging Markets
      Nice synopsis. I'm 100% in cash right now. There is no quick fix in this market but there are trading opportunities.
      View article »
    • Mon Jul 14th 21:45 PM | Rating: 0 0
      Commented on:
      Earnings Preview: Monday through Wednesday
      I spit on you from my private jet! ;)
      View article »
    • Fri Jul 11th 09:22 AM | Rating: 0 0
      Commented on:
      Fannie & Freddie: Myth vs. Reality
      Ouch. Tough day to be long FNM and FRE! Down 46% and 48% respectively.
      View article »
    • Wed Jul 9th 19:55 PM | Rating: 0 0
      Commented on:
      Options Trader: Wednesday Outlook
      Phil, on May 28, you recommended buying BAC leaps at $4.70.

      "This is good timing for Bank of America (BAC) [another one of our LTP holdings], who are exercising $1.9Bn worth of calls to up their stake in China Construction Bank (CICHF.PK) to 10.75% from 8.2% in China’s second largest bank. BAC’s original $3Bn investment in June 2005 is now worth about $30Bn. The 2010 $35 calls are just $4.70 and make a fantastic long-term investment."

      Those calls are selling for $1.20 today (a 75% loss in a little over a month). I'm curious how you would handle such value erosion in long term calls that you've bought, e.g. sell, hold, average down, if your reason for buying has not changed. Thanks. I enjoy reading your posts.
      View article »
    • Wed Jul 2nd 18:56 PM | Rating: 0 0
      Commented on:
      Options Trader: Wednesday Outlook
      Philip,

      On May 28, you recommended buying BAC leaps at $4.70.

      "This is good timing for Bank of America (BAC) [another one of our LTP holdings], who are exercising $1.9Bn worth of calls to up their stake in China Construction Bank (CICHF.PK) to 10.75% from 8.2% in China’s second largest bank. BAC’s original $3Bn investment in June 2005 is now worth about $30Bn. The 2010 $35 calls are just $4.70 and make a fantastic long-term investment."

      Those same leaps are selling for $1.34 today. That's a 75% loss in 1 month. I don't think anyone could have predicted how bad June was going to be, but I'm curious how you would handle such value erosion in long term calls that you've bought, e.g. sell, hold, average down, if your reason for buying has not changed. Thanks. I enjoy reading your posts.

      BD
      View article »
    • Tue Jul 1st 22:59 PM | Rating: 0 0
      Commented on:
      Wall Street Says 'Oops'
      That Cramer video is sickening. It's too bad so many people blindly follow his picks.
      View article »
    • Sat Jun 28th 20:17 PM | Rating: 0 0
      Commented on:
      US Airlines: A Put on Oil?
      LCC's CEO recently bought a truckload of shares in the open market. I was once an owner of LCC, playing it as a "put" on oil as you put it, but I pulled the trigger too early. In the $2's, however, it's a better play.
      View article »
    • Sat Jun 28th 14:42 PM | Rating: 0 0
      Commented on:
      Time To Start Buying Some Dogs?
      BAC is the best pick of the group. I'm buying in scales over time. The CEO recently reassured Wall St. that the dividend will remain intact. But even if that is not the case for the short term, you're picking up a solid bank at a 50% discount. Writedowns from CFC are the big question mark, but this can be used as a tax write off for years to come. And if the Dodd-Shelby act passes, BAC stands to benefit greatly. There is risk, but I'm a buyer at this level. Remember, trying to pick bottom is a fool's game. It's best to buy in increments over time.
      View article »
    • Fri Jun 27th 10:47 AM | Rating: 0 0
      Commented on:
      Options Trader: Friday Outlook
      Quoting Blue Oyster Cult was classic! Well done. I'm also scaling into financials. BAC and BCS. God help me.
      View article »
    • Thu Jun 26th 20:36 PM | Rating: 0 0
      Commented on:
      The ATM at the Airlines
      Airlines raise fees last because passengers screen for lowest fare, not for the add ons.
      View article »
    • Fri Jun 20th 11:39 AM | Rating: 0 0
      Commented on:
      'The Time to Buy Financials' Is Still Not Now
      Timing the bottom is a fool's game. It's better to buy strong names in increments over time, selling higher bought shares into strength. As you put it: "One thing is right: Most of the stock price decline has already happened."
      View article »
    • Fri May 30th 12:01 PM | Rating: 0 0
      Commented on:
      Silverjet, RIP
      It's only a matter of time before a legacy carrier goes under...
      View article »
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