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Mercy Jimenez

Mercy Jimenez
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  • QuickChat #276, November 27, 2014 [View instapost]
    Thanks Doc, but I'm well positioned to ride the wave while playing on the shore. :-) Best to you, mj
    Dec 22, 2014. 07:25 AM | 4 Likes Like |Link to Comment
  • QuickChat #276, November 27, 2014 [View instapost]
    I'll be taking this coming week off, but wanted to wish everyone the best of holidays!
    mj
    Dec 21, 2014. 08:50 PM | 7 Likes Like |Link to Comment
  • QuickChat #276, November 27, 2014 [View instapost]
    D-Inv,
    No egg thus far. You may have called the bottom -- crude futures are fluctuating between $58 and $59 this am.
    mj
    Dec 18, 2014. 06:10 AM | 3 Likes Like |Link to Comment
  • U.S. and Cuba move to normalize diplomatic relations [View news story]
    The "HUMAN" issue does not reside with some report, but with the lives and family ties which have been destroyed over the past 50 years of our political romp. The US can be in bed with China, Russia, Vietnam, etc. -- but we need to hold the line with Cuba? Diplomatic relations always involve trade-offs and that certainly applies to this latest action. But, you are quite mistaken to put all Cubans in the USA into your narrow point of view.
    mj
    Dec 18, 2014. 05:32 AM | 1 Like Like |Link to Comment
  • QuickChat #276, November 27, 2014 [View instapost]
    SH,
    I suspect you are right about capital flight from Russia -- and add Argentina, Venezuela, etc. A recent NPR story pointed out that Argentina is suffering 40% inflation this year and some estimate that Argentinians alone may be hoarding as much as 15% of all global outstanding cash USD bills! That kind of hoarding is helping to keep our own inflation down while we keep printing. http://n.pr/1sBp3We
    mj
    Dec 17, 2014. 06:23 PM | 5 Likes Like |Link to Comment
  • QuickChat #276, November 27, 2014 [View instapost]
    Terrific Maya -- Don't you love all of this volatility?
    mj
    Dec 17, 2014. 06:14 PM | 3 Likes Like |Link to Comment
  • QuickChat #276, November 27, 2014 [View instapost]
    Nice grab on SN Jak. You are brave with a move on SEAS, but 2 year low pps (50% drop) is indeed tempting -- and you already have a nice ride up.
    mj
    Dec 17, 2014. 03:43 PM | 5 Likes Like |Link to Comment
  • QuickChat #276, November 27, 2014 [View instapost]
    Yes, Maya, its an old CEF which was launched with great fanfare many years ago -- only to fizzle out on several levels. As Joseph mentioned -- it's not likely to double in value any time soon and its expense ratio of 2.5% is pretty steep for a miniscule annual dividend.

    I am researching who the current big investors from Canada, Spain, and Brazil are in Cuba currently -- because they are likely going to benefit from this change. I would much rather invest in individual corporate players who may benefit from increased activity. Sherritt International (SHERF) out of Canada is an example -- but they appear a mixed bag at first review.
    mj
    Dec 17, 2014. 02:36 PM | 2 Likes Like |Link to Comment
  • QuickChat #276, November 27, 2014 [View instapost]
    Yeah I had some dumb luck on my side!
    mj
    Dec 17, 2014. 01:11 PM | 6 Likes Like |Link to Comment
  • QuickChat #276, November 27, 2014 [View instapost]
    Very nice WT. Crude is now at $57.91 which has some support. We will see if Ms. Yellen advances the euphoria.
    mj
    Dec 17, 2014. 01:01 PM | 2 Likes Like |Link to Comment
  • QuickChat #276, November 27, 2014 [View instapost]
    Yes, I hope the announcement yields real tangible actions. The "embargo" has been so politically driven -- the US gets in bed with China -- and until recently with Russia -- but we just had to hold the line with Cuba?? Lots of lives/family relations have been destroyed during this 50 year political romp. I applaud the President if he really pulls this off amidst some of the Cuban legislators already criticizing him.
    mj
    Dec 17, 2014. 11:37 AM | 5 Likes Like |Link to Comment
  • QuickChat #276, November 27, 2014 [View instapost]
    Thanks HTL -- that was a 10 minute ride. I need another latte!
    mj
    Dec 17, 2014. 10:58 AM | 5 Likes Like |Link to Comment
  • QuickChat #276, November 27, 2014 [View instapost]
    Wow -- that was one fast ride. Out at $9.24. My key to success on these scalps has been to never get greedy (so I tend to buy large blocs) and always try to remember the many traders in the wing also waiting to cash in.

    I am looking forward to hearing the noon announcements, however.
    mj
    Dec 17, 2014. 10:38 AM | 3 Likes Like |Link to Comment
  • QuickChat #276, November 27, 2014 [View instapost]
    Just added a trading bloc of the CEF -- (CUBA) @$8.24 which is showing lots of momentum in anticipation of the President's press conference at noon:

    SA Breaking News:
    U.S. and Cuba move to normalize diplomatic relations

    Amid a prisoner swap, President Obama is set to make a statement at noon signaling the easing of travel restrictions to Cuba and the eventual lifting of the Cuban embargo. Reports also say the U.S. will look to open an embassy in Havana in coming months.
    CUBA +18%

    I do not much like this fund, its holdings or its expenses it is purely a short term scalp (hopefully.)
    mj
    Dec 17, 2014. 10:28 AM | 3 Likes Like |Link to Comment
  • QuickChat #276, November 27, 2014 [View instapost]
    Out of (GG) @$17.49.
    mj
    Dec 17, 2014. 09:52 AM | 4 Likes Like |Link to Comment
COMMENTS STATS
2,142 Comments
1,331 Likes