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Mercy Jimenez

Mercy Jimenez
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  • QuickChat #280, April 16, 2015 [View instapost]
    Yes the market seems to like the possibility of an IPO on its oil and gas properties which would provide some debt relief: "oil and gas subsidiary FCX Oil & Gas Inc. (FM O&G), the portfolio includes deepwater GOM blocks, a position in a natural gas-rich area of the shallow infield area of the GOM and onshore Louisiana, as well as production in California, gas resources in the Haynesville Shale in Louisiana and gas production from the Madden area in central Wyoming." http://bit.ly/1I4zcoM
    I use (FCX) for trading, but do not have a long-term view on it.
    mj
    Apr 24, 2015. 11:01 AM | 2 Likes Like |Link to Comment
  • QuickChat #280, April 16, 2015 [View instapost]
    Good charts for sector comparisons, Maya. Agree that more value opportunities are surfacing in energy and materials than in many of the other sectors.
    Th/mj
    Apr 24, 2015. 10:41 AM | 4 Likes Like |Link to Comment
  • Food Retail Group Is On Sale - Cramer's Lightning Round (4/23/15) [View article]
    Mohit -- if Cramer said "Noble ENERGY" then you want the symbol (NBL) above. (NE) is the symbol for Noble Corporation -- the drilling and engineering services company.
    mj
    Apr 24, 2015. 09:43 AM | 1 Like Like |Link to Comment
  • QuickChat #280, April 16, 2015 [View instapost]
    Maya I never lament taking profits too early. Enjoy your green day!
    Mj
    Apr 23, 2015. 03:20 PM | 5 Likes Like |Link to Comment
  • AT&T Proves Its Doubters Wrong [View article]
    Albert,
    Very much appreciate your series of articles on (T). AT&T is not a core holding for me, but I like having a solid low flyer/high yielder among my mix -- and (T) fills the bill. in addition to a long position, I also like playing (T) for short term trades -- the support and resistance points are fairly visible IMO.
    Many thanks,
    MJ
    Apr 23, 2015. 02:52 PM | Likes Like |Link to Comment
  • QuickChat #280, April 16, 2015 [View instapost]
    Hey WT

    I'm away from all my screens at the moment, but the 3 oilers I started moving into have the potential risk/reward I like to see plus good balance sheets to weather the storm. (STO) + (MRO) have been holding a solid gain around 10% plus divvies. (NE) is down since I started scaling in, but I am only 20% full, so I have plenty of room to add. When you aren't smart enough to know when oil will bottom ( and I'm not) -- scaling in is the way I like to play it.

    Wish I had followed Mathieu into CBI @ $41 and Scooter into DPM @ $36+, but glad I started back in on the names I did.
    MJ
    P.S. Nice play on LUV!
    Apr 23, 2015. 02:21 PM | 6 Likes Like |Link to Comment
  • QuickChat #280, April 16, 2015 [View instapost]
    Ha Ha Mathieu -- only when the price is being hammered down -- but I'm always scaling in (as opposed to buying full positions) so I can buy more if the bottom is not in.

    BTW -- I've been salivating at (QCOM) after market close today with a 2% drop after the earnings release. I think more institutions may dump tomorrow, so I'll be patient.

    On the other hand boring and stuffy (T) is having a good run in the after-market. I am long (T) -- but also trade it short term --now up nearly 2% after the earnings release.
    mj
    Apr 22, 2015. 04:55 PM | 5 Likes Like |Link to Comment
  • QuickChat #280, April 16, 2015 [View instapost]
    Added another bloc of (GGN) @ $7.21 to my current small position. This CEF is not for the feint of heart since the primary holdings are precious metals, oil, and natural resources -- and we know what is happening to commodities at the moment. GGN's discount to NAV is 5.5% and its 13.9% yield has monthly distributions. Even if I see a future 50% cut in the dividend, I like this CEF for the exposure it provides me longer term while paying me to wait.
    mj
    Apr 22, 2015. 04:30 PM | 5 Likes Like |Link to Comment
  • QuickChat #280, April 16, 2015 [View instapost]
    Many thanks, Maya!
    mj
    Apr 22, 2015. 01:17 PM | 3 Likes Like |Link to Comment
  • QuickChat #280, April 16, 2015 [View instapost]
    I'm with you, FPA. For the most part "people I trust are the people that post on the QC" along with several others I Follow on SA. I don't know if we need a separate Instablog -- but we can go a long way just by sharing comments like Mark and WT did above. Also we should share info on the QC re: sites that excel at less hype and more accurate data. For example, I rarely find a data error on Reuters.com for corporate data and their headlines tend to be less sensational. Whereas Yahoo Finance is notorious in my book for frequent bad data and Morningstar ratings are often clueless on CEFs.
    Good discussion, thx.
    mj
    Apr 22, 2015. 12:34 PM | 6 Likes Like |Link to Comment
  • QuickChat #280, April 16, 2015 [View instapost]
    So true, Doc. It is laughable that the CME included in the complaint that they warned this trader "that orders are expected to be entered in good faith for the purpose of executing bona fide transactions ...” I watch order books every day on Active Trader Pro and "bona fide" cancellations appear to run rampant. Why do we think the Oslo Bors took leadership and imposes fees on excessive cancelled orders from any one source?

    Not very reassuring when the CFTC admits "“Manipulation in markets has happened and will probably continue to happen. We try to catch what we can, but I’m not too sure we can corral it.” http://wapo.st/1GgvVAJ
    mj
    Apr 21, 2015. 09:56 PM | 4 Likes Like |Link to Comment
  • QuickChat #280, April 16, 2015 [View instapost]
    UK futures trader was arrested today for being a contributor in the 2010 Flash Crash when we lost 1000 points. His technique was placing large orders for E-mini S&P contracts and then canceling them. Seems to me that this is what HFTs do everyday -- and this is a surprise?!
    mj
    Apr 21, 2015. 01:31 PM | 8 Likes Like |Link to Comment
  • Stability Of The European Union (23) January 1, 2015. [View instapost]
    Appreciate all of the EU updates from everyone here on the powder keg in Greece. This latest move to confiscate reserves from municipalities may be the last straw. In the past I was worried about contagion to Spain, Italy etc. But, I'm beginning to think it could work in the exact opposite direction -- i.e. as a warning to others of the dire consequences of snubbing ECB/EZ demands for austerity and reforms. Greece may turn out to be the perfect example to parade before others -- if the locals turn against the newly elected administration with this latest reserve confiscation.
    mj
    Apr 21, 2015. 06:39 AM | 4 Likes Like |Link to Comment
  • McCormick announces EMEA restructuring [View news story]
    I think you meant to enter the symbol (MKC) instead of (MCK).
    Apr 20, 2015. 11:26 AM | 3 Likes Like |Link to Comment
  • QuickChat #280, April 16, 2015 [View instapost]
    Started scaling in @ $17 to Noble Corporation (NE) -- drilling and engineering services. It has a relatively strong balance sheet and a nice dividend (8.85%) which pays while I wait for oil gyrations to settle. Even if dividends are trimmed later this year, I like how Noble divested many older rigs and started cutting costs before it became fashionable.

    My other long oilers are (STO) and (MRO) which have been holding up well since I started scaling back in. (MRO) has had a very steady rise during the market ups and downs lately and was upgraded by Morgan Stanley this am -- for those interested. http://bit.ly/1Dtg7q3
    mj
    Apr 20, 2015. 10:00 AM | 6 Likes Like |Link to Comment
COMMENTS STATS
2,335 Comments
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