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  • Wall Street Breakfast: Must-Know News [View article]
    Its counterintuitive for me as well. How does slowing the creation of dollars decrease the value?
    Jun 13, 2013. 09:25 AM | Likes Like |Link to Comment
  • Why Telefonica Might Be A Good Investment Right Now [View article]
    Second to last paragraph here states amounts to be paid:
    Jun 12, 2013. 10:00 AM | Likes Like |Link to Comment
  • Wall Street Breakfast: Must-Know News [View article]
    I donĀ“t have a problem with highlighting the good calls. But BOBS.ob? The 10-day average volume is 3500 shares per day and its OTC. I read the article and it sounds good if you can buy it on the Brazilian exchange. But for someone in the U.S. a low volume stock traded OTC (where orders are not executed in an orderly fashion) is that really a suitable investment?
    Jun 6, 2013. 08:58 AM | 4 Likes Like |Link to Comment
  • Monsanto (MON -3.3%) calls the genetically modified wheat found in Oregon an isolated occurrence, likely the result of an accident or deliberate mixing of seeds. MON says tests of 600 samples of each of two wheat varieties planted by an Oregon farmer show no presence of the experimental Roundup Ready wheat, and tests of 30K wheat samples in Oregon and Washington also show no contamination. [View news story]
    A number of countries (not just in Asia) prohibit the importation of genetically modified agricultural products. So if the supply of wheat is contaminated with genetically modified wheat, you won't be able to export to those countries. So it is a big deal if you're in the business of producing or exporting wheat.
    Jun 5, 2013. 02:44 PM | Likes Like |Link to Comment
  • Admitting what has become obvious, Barrick Gold (ABX) says completion of the Pascua-Lama project will be delayed beyond 2014, and capital costs likely will exceed its $8B-$8.5B estimate. ABX will "evaluate all alternatives" for Pascua-Lama in light of the current legal and regulatory issues, but few expect it to give up totally on such an important part of its long-term future. ABX -2.3% premarket. [View news story]
    Lumwana isn't going well either.
    Jun 4, 2013. 02:14 PM | Likes Like |Link to Comment
  • Wall Street Breakfast: Must-Know News [View article]
    Well, they do have to import all of their manufacturing inputs except for labor. Seems like they can't win with this strategy unless labor is their largest input as a percentage of cost for their export goods.
    May 23, 2013. 12:24 PM | Likes Like |Link to Comment
  • I'm Not Gonna Brag, But I Did Recommend STAG [View article]
    Trading around $10. Maybe not a good entry point.
    May 21, 2013. 02:54 PM | Likes Like |Link to Comment
  • Wall Street Breakfast: Must-Know News [View article]
    The bottom 25% of production costs significantly more than $1000/oz. I think you will see some production come off line if the price stays at current levels.
    May 17, 2013. 10:07 AM | Likes Like |Link to Comment
  • Wall Street Breakfast: Must-Know News [View article]
    Lots of examples of having a loss without selling if the stock goes to zero. A recent example of a large cap with many shareholders going to zero was General Motors whose shareholders received nothing as a result of their going bankrupt in 2008-2009.
    May 10, 2013. 02:55 PM | Likes Like |Link to Comment
  • Seadrill Continues To Deliver On Growth Promise [View article]
    Getting closer to dividend announcement time, oil price is up and market has been up in general.
    May 9, 2013. 08:56 AM | Likes Like |Link to Comment
  • Tesla: Beyond Short Covering [View article]
    To add a bit to ONeil's comments, shorting is not usually a bet that the stock will fail. It is more common that a stock that is perceived to be overvalued receives attention from those looking for short position opportunities. Thus AMZN has been a popular short even though most would not expect AMZN to fail as a business.

    When you short a stock, you are borrowing the shares. Essentially, you receive the value of the shares at the time of your taking the short position in your account (e.g., short 1000 shares @ $50 would put $50,000 into your account). This is not free money as margin interest rates are applied. Also, unlike buying a stock, your losses can be more than 100% (although not likely, a buyout could drive a stock to more than double, say to $120/share--leaving you on the hook to cover those shares at more than double the amount you borrowed at $50/share).

    Lets say TSLA moves to $75, someone short at $50 is now $25/share to the negative. There are limits to how much margin you can use, so if the individual exceeds the margin limit they will be forced to sell shares that they own. This creates additional pressure besides being down $25/share. This pressure will force the person with the short position to buy shares to cover the short position and that will in turn tend to drive up the price of the stock due to the increase in demand to cover. The increased price then causes other shorts to scramble to buy shares to cover and you have a short squeeze.
    May 6, 2013. 01:49 PM | Likes Like |Link to Comment
  • LRR Energy, L.P. Announces First Quarter 2013 Results [View article]
    Pretty much a disaster and thats being reflected in the unit prices.
    May 2, 2013. 12:25 PM | Likes Like |Link to Comment
  • Yields Of 6-18%: Unconventional Investments, Unconventional Returns [View article]
    That is correct, payment beginning with the end of the Q on March 31, 2013. I expect to see an announcement soon. Here is the statement on their website:
    May 1, 2013. 04:31 PM | Likes Like |Link to Comment
  • What Happens When You Sell An MLP? [View article]
    As Rlp2451 stated below, if you own one during the year, you'll receive a K-1.

    I've traded quite a few without collecting any distributions. The end result is a simple short-term gain, but you'll still get a K-1.
    May 1, 2013. 01:51 PM | 2 Likes Like |Link to Comment
  • What Happens When You Sell An MLP? [View article]
    Even if you just trade it without collecting distributions, you'll still receive a K-1.
    May 1, 2013. 11:41 AM | 1 Like Like |Link to Comment