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sethmcs

sethmcs
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  • The Roth Advantage No One Talks About [View article]
    Whenever the market crashes covert regular IRAs to Roths. I converted mine in the 2000 crash. Paid pennies on the dollar of what the account is worth today.
    Feb 25, 2015. 11:02 PM | 11 Likes Like |Link to Comment
  • Universal Insurance beats by $0.07, beats on revenue [View news story]
    Very good year. Management is doing all the right things.
    Feb 25, 2015. 09:34 PM | Likes Like |Link to Comment
  • What Can You Expect From A Greek Exit From The Euro? [View article]
    Paulo,

    The assumption that once kicked out of the Euro that Greece will still enjoy free trade with the rest of Europe might not work out that way. There might be tariffs or other controls that would make Greece unappealing to business.
    Feb 21, 2015. 05:52 PM | 1 Like Like |Link to Comment
  • Unstoppable Force Of Eurozone Policy Contends With An Immovable Truth: The Euro Cannot Work [View article]
    If one would take a broader view maybe the world economy does not work. Although its not a official currency block every economy tied to the dollar has the same problems. Boom busts. World wide dollar debt is bigger and might unwind with far bigger consequences. We will see how the strong dollar works out for the BRICS.
    Feb 21, 2015. 09:19 AM | Likes Like |Link to Comment
  • No compromises yet for Greek deal [View news story]
    A long long time ago I learned about the golden rule. He who has the gold makes the rules.
    Feb 20, 2015. 11:15 AM | Likes Like |Link to Comment
  • Weekly crude stocks up 14.3M barrels, WTI price sinks [View news story]
    That is the problem. Right now a trader can buy oil today store it and sell it in the future for more. As long as the oil futures market is in contango expect inventories to rise.
    Feb 18, 2015. 05:31 PM | 3 Likes Like |Link to Comment
  • Stay Calm And All Will Be Well [View article]
    Thanks George
    Feb 15, 2015. 03:59 PM | Likes Like |Link to Comment
  • Stay Calm And All Will Be Well [View article]
    Sold awhile ago. February 20 expiration. I was just curious how a pro like George would handicap the probability.
    Feb 14, 2015. 09:32 PM | Likes Like |Link to Comment
  • Stay Calm And All Will Be Well [View article]
    My INTC shares were called in January at 36 plus a $1.05 call premium or $37.05. I feel like I dodged a bullet on that one. Not in a hurry to buy back that position at these prices.

    I do have a interesting position that is up for next week expiration. Sold Feb 7 puts on CLF for $1.05. Either I get CLF at $6 or pocket $1.05. CLF closed @ $7.00. I could care less whether I get assigned the shares or pocket the premium and intend to let it expire. There are four trading days left between now and expiration. The ask to buy back the puts is $.28.

    George how would you handicap the chance of assignment?
    Feb 14, 2015. 06:42 PM | Likes Like |Link to Comment
  • ECB reportedly eases emergency funding limits for Greek banks [View news story]
    So.... Instead of getting loans from the main office Greece is required to use the branch office. Very cute.
    Feb 12, 2015. 11:26 PM | Likes Like |Link to Comment
  • Still Fishing For The Bottom [View article]
    This is stupid and reflects the instability in FX markets.
    Feb 12, 2015. 09:48 PM | Likes Like |Link to Comment
  • This Is How You Invest In Oil Right Now (Without USO) [View article]
    Another problem contango creates for oil bulls is it encourages inventory builds which reinforces the perception of oversupply.
    There will be no real price recovery until:
    1) contango flattens or goes into backwardation.2) producers address supply.
    Feb 11, 2015. 10:23 PM | 1 Like Like |Link to Comment
  • Energy consensus now too pessimistic from too optimistic, analyst says [View news story]
    And all that stock bought back at high prices looks like value destruction...
    Feb 11, 2015. 12:06 PM | 3 Likes Like |Link to Comment
  • Are Too Many Trying To Pick Oil's Bottom? [View article]
    My guess is there is a lot of money that wishes to buy oil at the current price and sell it in the future at a greater price. That leads to increased inventory builds which is a bad for price recovery. Methinks the bottom is not in yet. May or June will probably offer better entry points. Best to scale into positions over time nevertheless.
    Feb 10, 2015. 10:15 PM | 1 Like Like |Link to Comment
  • What's Next For The American Consumer? [View article]
    January 2014 winter was much harsher than January 2015. People tend to drive less in bad weather so the gasoline number might look great with a poor comparison.
    Feb 10, 2015. 09:29 PM | 1 Like Like |Link to Comment
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