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papayamon

papayamon
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  • Why Prem Watsa Of Fairfax Financial Put 15% Of His Portfolio Into SandRidge Energy [View article]
    I would have to agree with your points here. In all honesty, it is extremely hard for me to respect Prem Watsa for having such a tight relationship with Ward while it was blatantly obvious that Ward was taking outrageous advantage of shareholders. I would also find it more than a bit suspicious that Watsa timed his trades so perfectly. It strikes me as absolute pond scum behavior on the part of Watsa. I guess if you come out ahead, to heck with all the commons who invested their hard earned dollars with Ward. Watsa isn't fit to sit at the same table with Dinakar Singh.

    This article was obviously thrown together to get an article on SeekingAlfalfa, which has been doing a very poor job of any critical editing.

    I would lay odds that I could have a monkey bang keys for an hour, stick a title on it, and .... yep, they'd print it. It's really a shame that they'd put articles like this next to an article like one Richard Zeits would write.
    Mar 12, 2014. 11:04 PM | 2 Likes Like |Link to Comment
  • Fannie Mae: What To Do After Yesterday's Plunge [View article]
    If this is the case (shares worth nothing on dissolution), why would the government not have taken over when they "saved" fannie and freddie? why would they have allowed worthless stock to be traded? makes no sense.

    of course, it's like obamacare. no one thought of the 50 zillion problems this poses.
    Mar 12, 2014. 10:33 PM | 1 Like Like |Link to Comment
  • Fannie Mae: What To Do After Yesterday's Plunge [View article]
    That may be true, but what do the commons have to look forward to then? If everything is swept, what will ever be left for the commons?
    Mar 12, 2014. 07:41 PM | Likes Like |Link to Comment
  • Fannie Mae: What To Do After Yesterday's Plunge [View article]
    I bought 1000 shares today. If I lose it, it's only 3,540. Should I win, I'll be saying "wish I'd bought more". A decent gamble for my net worth. Not to mention that I made $900 trading it as well :). Tomorrow is a new day!
    Mar 12, 2014. 06:41 PM | 1 Like Like |Link to Comment
  • EXCO Resources: The Slog Continues. Next Stop Dividend Elimination [View article]
    I have been able to trade down now very close to $5. Hasn't been a stock for the faint of heart, for sure. I don't think they get a buyout done for less than $8. Maybe that's a pipe dream but at least I get a little dividend to wait.

    I don't see how they drill the for much oil with the folks they have now. Surely they will bring aboard more expertise when they drill for oil with the property bought from CHK. That asset is far to valuable to have dry gas guys drilling it. All smells like a buyout to me, but then again I don't get to sit in on board meetings behind closed doors.
    Mar 12, 2014. 11:31 AM | Likes Like |Link to Comment
  • My Best Idea For 2014 [View article]
    The problem lies wherein changes in sentiment destroy your numbers. For example, tell Freeport McMoran (FCX) that sentiment doesn't matter after it has crashed copper prices. I can pull up many articles where the numbers for FCX work wonderfully to $40 or more. But now I think we are going to revisit the 20's before we ever see $40.

    You might find such a change increases the "some degree of your error" by so much that you'd have been better off picking investments with a dart board or even stuffing your cash under a mattress.

    That said, I do hope MU does well. I try to stay light on my feet and avoid getting my money trapped. As MU as gone up so much in the last year, it could retrace and trap you until the picture by the numbers is much bleaker. That has to be a consideration for me when I invest. My gut feeling tells me no, then I don't do it.
    Mar 12, 2014. 05:54 AM | Likes Like |Link to Comment
  • EXCO Resources: The Slog Continues. Next Stop Dividend Elimination [View article]
    Well, the dividend is alive, at least for last quarter. I am looking for a buyout in 2014. In the meantime, this is a good stock for swing trades. I don't think there's much risk of falling below $5.
    Mar 11, 2014. 09:18 PM | Likes Like |Link to Comment
  • After Hour Gainers / Losers [View news story]
    Anytime you see NES mentioned in an "after hours gainers/losers", you can always bet it is one of the losers.
    Mar 11, 2014. 04:42 PM | 1 Like Like |Link to Comment
  • Natural Gas Storage: End Of Season Storage Projections, Spring And Summer Injection Season Analysis And The Impact On Natural Gas Prices [View article]
    Despite this article, I am going to jump into DGAZ with both feet after Thursday's injection report. I expect DGAZ to initially plunge but then the mentality that "hey, it's getting warmer and there will be plenty of sub $4 gas" will take a hold. I don't expect it will take too long for reality to set it, but in the meantime, it's a great trade for a few weeks anyway.
    Mar 11, 2014. 04:06 PM | 1 Like Like |Link to Comment
  • Linn Energy's 2014 Capital Program Shows A Shift In Focus [View article]
    digger, i generally don't like to buy calls on a heavy dividend paying stock. you have to figure the upside is hampered by the fact that they are paying out value while i hold the option. maybe that's a backwards way of thinking but if i'm buying a call, i want to buy one where all the value is kept in the company while i wait for the price to increase.

    so i just buy lnco outright and collect the dividends... and i don't worry about the market price unless i can see an opportunity to buy more (i did today).
    Mar 11, 2014. 12:22 PM | 2 Likes Like |Link to Comment
  • Linn Energy's 2014 Capital Program Shows A Shift In Focus [View article]
    Long LNCO and holding.
    Mar 11, 2014. 08:45 AM | 3 Likes Like |Link to Comment
  • Natural Gas Storage: End Of Season Storage Projections, Spring And Summer Injection Season Analysis And The Impact On Natural Gas Prices [View article]
    Very well written. We shall see if the Marcellus can do what proponents say it can (fill storage at a record rate). I'm skeptical that will happen. Over the long term, higher natural gas prices are sure to follow.
    Mar 11, 2014. 08:06 AM | 2 Likes Like |Link to Comment
  • Walter Energy -10.7%, seeks credit amendment to refinance term loan [View news story]
    yes but wlt is not thermal coal.
    Mar 10, 2014. 10:13 PM | Likes Like |Link to Comment
  • Micron: What's Going On? [View article]
    russ, what calls do you like the most here in terms of risk/reward? thanks.
    Mar 10, 2014. 07:00 PM | Likes Like |Link to Comment
  • EXCO Resources Inc declares $0.05 dividend [View news story]
    The guessing game is over.
    Mar 10, 2014. 05:14 PM | Likes Like |Link to Comment
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