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Anonymous 2

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  • Industry Ranks August 2014 [View article]
    It appears that using the RSI levels on the StockCharts graphs - buying and adding when the RSI is below 30 and selling and taking profits when the RSI is above 70 might be complimentary to your selection process.
    Thus, sorting stocks in your 22 industries when their RSI was below 30 might help
    your followers time their investments when momentum was at or near a relatively weak level.
    To what extent do you use any technical indicators to help you with the timing of your entry to and or exits from fundamentally selected sectors and specific stocks?
    Aug 10, 2014. 12:28 PM | 1 Like Like |Link to Comment
  • Hunting For Bears [View article]
    Excellent article. Being retired, I look to own dividend paying companies and ETFs using DRIP to compound the dividend returns in our tax sheltered IRAs. I use the Drip Dividend calculator on the Dividend Channel site to compare the Returns of SDY versus individual stocks and ETFs since the well known "top" of the first decade stock market in mid 2007 assuming that SDY has a well known and reasonably good track record to use as a "benchmark" to match or beat.
    For example, of 54 Business Development Companies (BDCs) I track, the only ETFs for this sector are BIZD, down 7% and BDCS, down 15% - not (yet) 20% - from their 52 week highs. The dividend payouts of BDCs should be considered "business man's risk" dividends. Of the 10 (of 54) BDCs which are down more than 20% from their 52 week highs, only one has been in business since the Highs of June 2007: TAXI. The Annual Average Total Return (AATR) of TAXI since 6/1/2007 using the DRIP calculator provided 7.63% vs 5.54% for the SDY.
    Another example: I used this DRIP calculator to compare a well know health care company BMY which is currently down "only" 14% from its 52 week high. The AATR of BMY since 6/1/2007 has been 11.7% vs the 5.54% of the SDY.
    Of all the ETFs which emphasize dividend income in their names, only 5 match or exceed the above mentioned AATR of SDY: DON,VIG, FVD, VTI, DTN.
    Aug 9, 2014. 02:27 PM | 1 Like Like |Link to Comment
  • Could Enzo Biochem's Intellectual Property Lawsuits Be Worth Billions? [View article]
    DO YOU WANT TO VENTURE AN UPDATE TO THIS ONE YEAR AGO "Most recent comment" to your now 15 month "old and dated" ARTICLE??
    Aug 6, 2014. 10:35 PM | Likes Like |Link to Comment
  • Incredible Shrinking Yields [View article]
    It might be of interest to learn if Bespoke can provide data and or information which addresses the globally growing opinion as Wilbur Ross referenced less than 2 months ago (June 22) on CNN of an impending Sovereign Debt Bubble.
    What with China's continuing growing debt and declining GDP growth rates and increased financing of the building of entire new cities of totally empty residential and commercial buildings (last week's 60 Minutes and recent Charlie Rose interview of Jim Chanos), It might be "of interest" to BESPOKE readers to consider data which helps readers to better understand the potential risks of the opportunities to invest "cash".
    Aug 6, 2014. 12:40 PM | Likes Like |Link to Comment
  • CTI BioPharma's (CTIC) CEO Jim Bianco on Q2 2014 Results - Earnings Call Transcript [View article]
    Based on the 5 sell side analysts who cover CTIC, they have provided 12-18nmo price targets ranging from 4 to 6 which - based on a current closing price of 2.50 suggests a return of 60% to 140%. In July of last year 2013 the price was around 1.00 per share. Thus in a year's time it has already been up 150%. - still has another 60 to 140% to go based on 5 different independent analysts with 5 different financial valuation assumptions. So far none indicate it is overvalued. For those who are willing to look back a year or so, look up the initial remarks of the Globally well regarded and Highly acclaimed Neurological Cancer specialist MD who was invited to serve the company as Chief Medical Advisor. He seems to have come aboard willing to put his name and reputation working with a company he feels is destined to be in the right place at the right time. And this was last year. The company continues to progress forward. Yes, I have been an owner of shares for more than a year.
    Aug 5, 2014. 12:05 AM | 1 Like Like |Link to Comment
  • Total Return BDC Portfolios For Q3 2014 [View article]
    I not most of the BDCs "corrected" about 10% earlier this reay during the R2000 issue.
    BDCL - with a 2X leverage was down about 20%
    with BDCL visiting the 28ish level 3 times YTD,
    perhaps BDCL will be valued at a good buy point when BDCS approaches the May lows of 24 level - for BDCL - it would be around 24-25 ish - an area it has visited many times during past 18 months.
    I note a relatively large number of big "red" volume days in 2014 - most recently when it crossed below the two (50 and 200 day) Moving Average lines.
    Apparently momentum investors are using such technical indicators.
    Aug 3, 2014. 07:57 PM | Likes Like |Link to Comment
  • Reaching For Yield [View article]
    To what extent do your Sentiment indicator levels provide "value added" accuracy to the 70 and 30 RSI levels indicating "relatively" (compared with other equities) overbought and oversold momentum buying and selling?
    It appears that many investors do at least follow this RSI indicator based on the price action of stocks immediately following the RSI closing below the 70 and or closing above 30 level
    Jul 28, 2014. 01:07 PM | Likes Like |Link to Comment
  • Digging Through Finjan's Current Litigation [View article]
    Lots of comments in past 6 weeks.
    During which time the stock declines 44% from5.4 to a recent low of 3.03.
    Were these press releases meant to be that Bearish?
    I DO like the 66 Cents recover (20%) during this past week.
    But no one rang the bell.
    Maybe it is the anticipation of revelations to come at the 8/22 hearing or maybe at the post Labor Day conference on September 4th.
    "Buy the rumor - sell the news"
    aka "discounting".
    In the meantime where is our fearsome author of this report going back 6 months to provide research, comment and feedback on these past few conferences in May and June?
    Jul 28, 2014. 11:01 AM | 1 Like Like |Link to Comment
  • Digging Through Finjan's Current Litigation [View article]
    I forgot to include the dates referenced in the above letter:

    February 27, 2014 - Invalidity contentions

    March 13, 2014 - Exchange of proposed terms for construction

    April 3, 2014 - Exchange of preliminary claim constructions and extrinsic evidence

    April 28, 2014 - Joint claim construction and prehearing statement

    May 28, 2014 - Completion of claim construction discovery (including depositions of experts who submitted declarations in support of claim construction positions)

    June 12, 2014 - Claim construction briefs - opening brief

    June 26, 2014 - Claim construction briefs - responsive brief

    July 3, 2014 - Claim construction briefs - reply brief

    July 21, 2014 - Tutorial (at 2:30 p.m.)

    August 4, 2014 - Claim construction hearing (at 2:30 p.m.)

    The most important date is August 4, 2014. This is the construction hearing or Markman hearing of the case. For those new to these stories, the Markman is a pretrial hearing in which the judge examines the evidence from all parties and designates appropriate meanings to key words or complicated matters in the evidence. These patents can get pretty complicated, so it is common practice to have certain items defined so all parties including the jury are on the same page. Very important in these cases.
    Jul 26, 2014. 04:35 PM | 1 Like Like |Link to Comment
  • Digging Through Finjan's Current Litigation [View article]
    Below are the dates given in the article dated 2/11/14.
    We are now past all but two of them - due during next 30 days.
    First:Does anyone (including the author of the feb article) want to
    venture any summary as to the outcome of these dates through July 2014?
    and second - who is willing to go out on a limb ---
    now that the stock is down significantly and many commentators
    have encourage "patience" with our significant "paper" losses-
    by when and from what level should one expect to actually see
    (from someone who has some knowledge about the products of
    this company) some reasonably positive fundamental developments
    which would be worth while taking as a timely investment at a level
    which might help "average down" before our patience has been rewarded
    and we only breakeven recovery from our current "paper losses"?
    Jul 26, 2014. 04:34 PM | 1 Like Like |Link to Comment
  • 4 New Russell Dividend Dogs Point To 10% To 18% July Upsides [View article]
    Great ideas to use such PT data to find potential securities which are currently priced at "under and or over" valuations depending on the most bearish to the most bullish projections.

    As an example, I have selected about 40 equity securities consisting of BDCs - mostly relatively high dividend paying - all of which were recently removed from the Russell indexes.
    I looked up the range of Price Targets provided by the site
    ( and compared the "what if" - from the current price to both the low end PT and high end PT, added in the Yahoo Finance provided current yield to each and came up with the range (from bearish to bullish) of "Total Return" potentials based on the professional (fundamental research) projections of the various sell side research analysts covering the stocks.
    As an example only: Take MCC covered by 14 analysts:
    MCC cur price =12.99// cur yield=11.39%//Low PT=$14/sh//high PT=$16/sh

    12 Mo Tot Ret from CP to Low PT of 14 = 11.39 % (yield) plus 7.28%=19.17%..
    12 Mo Tot Ret from CP To High PT OF 16= 34.57%.

    The AVERAGE projected TP was 26.87%.

    BY creating a spreadsheet, it is easy to "view" - on both an ABSOLUTE and RELATIVE basis - which of the 40+ BDCs are currently most under or over priced based on the perceived valuations of the full range of bearish to bullish analysts which in turn is based on their independent fundamental analysis of this sector.

    your thoughts?

    Any thoughts as to the extent to which such an "numbers only" analysis - by sector - might help investors in the selection of specific securities which are priced at levels which may be considered to be "not yet fully discounting" the bullish or bearish views of those following the sectors.
    Jul 25, 2014. 12:57 PM | 1 Like Like |Link to Comment
  • Total Return BDC Portfolios For Q3 2014 [View article]
    By my count, ABOUT 12 pay monthly:FSC, FSIC, FULL, GAIN, GLAD, HCAP, HRZN, MAIN, PFLT, PSEC, SCM, SUNS.
    Re your listings in this article and the various rankings of total returns and pricings.
    Just as one way to help understand valuations based on the professional analysts covering the BDCs and publishing their fundamentally projected 12 month target prices, I played with the percent difference between the current pricing and both the lowest TP and the highest TP and added in the current (yahoo finance) indicated % yield to get the most bearish and most bullish projected total returns
    Of all of the BDCs, the following 5 had a negative TOTAL returns (including the indicted dividend yield) assuming that in 12 months the lowest TP is reached and the investor received the current yield.
    The following are the numbers: HTGC lo TP of 14 = -9.18%//MAIN low TP of 29 = -2.58%//PSEC low TP of 9.50 = -1.01%//TCPC low TP=16 =-1.36%// and TSLX low TP = 17=-9.97%.
    Based on the highest provided TPs (of the 42 BDC I follow with listed TPs), only GLAD had a High TP which is lower than the current ($9/sh) and thus its Total Return resulted in negative 12 month return net after the 8.3current yield of -2.77%.
    Obviously using TPs as just one indicator of what fundamental analysts project in the future can be helpful in reviewing the extent to which the Current market investors in this supply and demand of market driven transactions result in valuations on the stock vs the professional views of analysts who attempt to make their money being more accurate than other competitive analysts working with the same fundamentals.
    Jul 24, 2014. 04:22 PM | Likes Like |Link to Comment
  • Sovereign Debt: The Default Debate [View article]
    Do you have any comments on the relatively recent CNBC news interview with Wilbur ROSS relative to his relatively well informed views (6/12) of the forthcoming "Ultimate Soverign Debt Bubble" and what investment options will be available what with currencies and QE if rates go back to 2.5 to 45 levels? The recent Economist (page 66) references the Buttonwood repo market crash of 2008 and the fact that the rule changes created a lack of liquidity in the corporate bond markets and the Financial times discussed the significant outflow of 3.5 billion of bond funds of the 74% of low quality B to B- which have beenn marketed in these past few years.
    Jul 17, 2014. 09:53 AM | Likes Like |Link to Comment
  • Why Buying A House Is A Terrible Investment [View article]
    I just used a the dividend channel . com "DRIP" site to calculate the total return BEFORE TAXES- assuming that you owned it in an IRA - of an investment since inception of VTI, SPY, and VNQ starting when VTI and VNQ started trading.

    VNQ started in 10/1/2004 had a TAR (using DRIP) of 8.86% during which time SPY had a 7.68% TAR.
    VTI started i 6/15/2001 and had a TAR of 6.5% during which time SPY had a TAL of 5.48
    VTI and SPY (no related to RE) underperformed RE related VNQ
    and VTI (world equities) outperformed SPY since VTI started.
    Not sure what this very limited data (if accurate) proves.
    After taxes .... another story.
    Jun 15, 2014. 10:54 PM | Likes Like |Link to Comment
  • MannKind: 4 Different Insiders Have Sold Shares During The Last 30 Days [View article]
    But two have been selling regularly over at least the past 2 years and another actually just exercised some options and sold the stock, thus maintaining his position in the company.
    Jun 10, 2014. 09:47 AM | Likes Like |Link to Comment