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Qniform

Qniform
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  • Why Simandou Is Important For Vale [View article]
    With the exception of some background about when RIO was stripped of an asset, this article is nearly identical to the author's last one on VALE.

    We get it. The Guinean government has appointed a committee to produce a report that will allow a shakedown - business as usual for them. They will have overplayed their hand if VALE submits for arbitration because that route costs them less. I wonder what numbers are being whispered? They can't be big bribes (which is why I think this news is not very material to my investment thesis), since obviously future shakedowns will occur where there is no rule of law.
    Mar 23, 2014. 11:53 AM | 1 Like Like |Link to Comment
  • Cimatron - Entering The 3-D Printing Software Market With Record Growth And Trailing P/E Of 16 [View article]
    Hi Hector. I always use limit orders, and of course try for as much as possible - which sometimes takes some trial and error entering and canceling orders. I wrote 5 contracts (exp. 5/17/14) at .75 in early march. CIMT had a pretty large spread on Friday as I recall. Started offering contracts 5 cents below the ask, and dropping the price incrementally. I ended up not making a trade. I never leave an option order hanging out there for obvious reasons.

    It takes some judgment on how much you want to make on a cash covered put. Even though I only write puts for stocks I am willing to own at the strike price, I still have a minimum target for return - 12% annualized for larger more stable stocks, and more for smaller and/or more volatile stuff. You can do the math for the puts above - if they expire it's more than 45% annualized on the cash committed. If exercised, I'm long at $6.8x something, commissions included (which is below my average cost on the 1,000 shares I currently have).

    I'll limit a total position in this kind of stock to 25k or so, especially if I don't write covered calls for some reason. CIMT strike prices are sparse, and I don't want to be called at $7.50, nor is the premium worth it on the $10. Hope all this helps. Feel free to PM me if you have questions. I'm by no means an options expert, but I know the few strategies I use fairly well.
    Mar 22, 2014. 11:41 PM | Likes Like |Link to Comment
  • Cimatron - Entering The 3-D Printing Software Market With Record Growth And Trailing P/E Of 16 [View article]
    I typed in the search term "Gibbscam reviews" (no quotes) and found the following threaded conversation. It was the first Google result. http://bit.ly/1h8DYAD It's old, but there was apparently no problem for these folks learning and using the product.

    Of course, I'm not really interested in anything other than the financial results, which in themselves say that CIMT has no obvious issues with product sales & support. We seem to have a very vocal self-selected minority opinion making an inordinate amount of noise, IMO.
    Mar 22, 2014. 09:38 PM | 1 Like Like |Link to Comment
  • Cimatron - Entering The 3-D Printing Software Market With Record Growth And Trailing P/E Of 16 [View article]
    I wrote near term $7.50 puts. Happy either assigned or not.
    Mar 22, 2014. 02:28 PM | Likes Like |Link to Comment
  • Gilead Is An Avoid [View article]
    The fact is that it is a company's ability to set prices as they wish that allows them to devote the money to the R&D that will produce the treatments we all want. Some seem to think that this will still happen (by magic?) when/if an outside authority imposes a "fair" pricing system. Only if that authority eliminates the risk of research. I haven't seen that work in pharma anywhere.
    Mar 22, 2014. 02:24 PM | 1 Like Like |Link to Comment
  • Gilead Is An Avoid [View article]
    "Speculation in profitless companies..." Isn't this article about GILD? Profitless? You may be right about IBB, but not GILD.
    Mar 22, 2014. 02:19 PM | 2 Likes Like |Link to Comment
  • Gilead Is An Avoid [View article]
    "...within reason."

    That's the problem in a nutshell. I won't accept your reason any more than you accept the rationale currently in place.
    Mar 21, 2014. 11:53 PM | 1 Like Like |Link to Comment
  • Gilead Is An Avoid [View article]
    ..."and sell it at a lower cost because they can afford to." What - not because you would support forcing them to?
    Mar 21, 2014. 04:59 PM | Likes Like |Link to Comment
  • Gilead Is An Avoid [View article]
    If technical analysis is your only rebuttal, why the gloss about fundamentals? Selling broken support levels (by whichever arcana or chicken bone reading method you choose) is a demonstrably losing strategy. Read charts objectively and you can easily see that. To repeat my rebuttal (spoken elsewhere on SA) of your fundamental argument:

    If anyone thinks congress will do anything but posture, they should consult a counselor.
    Mar 21, 2014. 04:56 PM | 3 Likes Like |Link to Comment
  • Democrats query Gilead over Sovaldi pricing [View news story]
    Well, I'm up big time from selling near term $65 puts at $1.86 this morning. If anyone thinks congress will do anything but posture, they should consult a counselor.
    Mar 21, 2014. 01:28 PM | 1 Like Like |Link to Comment
  • After hours Gainers / Losers [View news story]
    AH (amateur hour) pop on DLR? Somebody hear something?
    Mar 21, 2014. 01:48 AM | Likes Like |Link to Comment
  • HollyFrontier: A Value, Income, And Momentum Buy [View article]
    Thanks for a very comprehensive article. I have a couple of comments to offer:

    The conference call noted that revenue (thus profit) lost from downtime was a factor, but didn't quantify it. I understand from other sources that it was around $375mm. While there are always maintenance turn-arounds, 2013 was especially heavy in lost opportunity cost.

    I'm not sure it is useful to compare refiners (or integrated oil companies, for that matter) to the broader market on the basis of PE. They tend to command lower multiples pretty much all the time. An industry group comparison might be more informative.

    Thanks again for a great article.
    Mar 20, 2014. 01:25 PM | 1 Like Like |Link to Comment
  • Cimatron - Entering The 3-D Printing Software Market With Record Growth And Trailing P/E Of 16 [View article]
    Look up gadfly in the dictionary.
    Mar 20, 2014. 11:16 AM | 2 Likes Like |Link to Comment
  • J.C. Penney: A Common Sense Approach To Stability [View article]
    Sorry mojo. I misinterpreted the comment to be about JCP.
    Mar 20, 2014. 11:14 AM | Likes Like |Link to Comment
  • Shell to bundle loss-making North American shale ops in restructure [View news story]
    "Shell bundles up lossmakers to achieve turnround."

    Put 'em all together in one losing basket?
    Mar 19, 2014. 09:51 PM | 1 Like Like |Link to Comment
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