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sethmcs

sethmcs
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  • Facebook sees backlash over new Messenger app requirement [View news story]
    I propose we rename Facebook Big Brother. I noticed their annoying analytical cookies trying to load on my computer when I visit various sites even though I do not have a Facebook account nor do I want one. A very nosey company. I block them as much as possible.
    Aug 10 10:11 PM | 2 Likes Like |Link to Comment
  • Kinder Morgan scrapping MLP structure in $44B deal [View news story]
    My guess is the exchange will be a taxable event. Anytime you receive cash automatically is a taxable event. Receiving shares of a C corp for LP units most likely will cause a taxable event as well unless KMI can do some magic I am not aware of. Nevertheless KMI is going on my watch list because of this announcement.
    Aug 10 10:01 PM | 8 Likes Like |Link to Comment
  • Cliffs Natural Resources: Life After Casablanca's Win [View article]
    It is premature to make any judgments on what new management might do. Let's wait and see. The thing I like is my cost of CLF shares is 8 to 10 points below Casablanca Capital's cost.
    Aug 10 05:52 PM | Likes Like |Link to Comment
  • General Motors Upgraded To Buy: Why I Changed My Mind [View article]
    I find it is best in invest in autos during recessions. A low PE in a cyclical business is an indication the market thinks it is closer to the top than the bottom.
    Aug 9 12:49 PM | 2 Likes Like |Link to Comment
  • S&P cuts outlooks to negative at Canada‚Äôs six biggest banks [View news story]
    Criticize S&P all you want but the risk nature of the senior bonds is changing. Bond holders do not want to be shareholders and neither do depositors.
    Aug 9 01:16 AM | 3 Likes Like |Link to Comment
  • GM compensation program gets 65 death claims in first eight days [View news story]
    That could be fixed. Hire a private investigator to follow these victims. Its amazing how sick people act when potential millions are at stake. Watch what they do day to day. This tactic is used successfully in workman's comp cases.
    Aug 9 01:06 AM | Likes Like |Link to Comment
  • What Might Trigger A Short Squeeze For Cliffs Natural Resources? [View article]
    Fourth, a short squeeze requires some big money leaning against the crowd.
    Aug 9 12:54 AM | 1 Like Like |Link to Comment
  • GM compensation program gets 65 death claims in first eight days [View news story]
    My understanding is GM's bankruptcy legally shields GM from all of these claims. The right move would be deny everything and delay until the political winds change then settle for pennies. Alas GM has some spineless management. If I was president of GM and was called to the senate I would tell those arrogant senators that no one in this room is qualified to make a judgment as to whether these accidents were the result of the ignition or not therefore the courts will have to make that determination. After the shock the news media would get bored and move onto something else.
    Aug 8 11:57 PM | Likes Like |Link to Comment
  • Intel: The Last Man Standing - Already? [View article]
    The only reason I bought INTC is the dividend. I might also add that I have been disappointed with the lack of increase. Nevertheless once the momo investors ran INTC up I sold Oct 35 calls for $1.07. They are on sale now for $.50. Perhaps some of the believers here might want to buy them. INTC was totally overbought when I sold those calls. If the latest gap up is backfilled I might even buy them back myself for $.25. Otherwise I am happy to either pocket that premium or have the stock called away at $36.07.
    Aug 8 12:34 AM | Likes Like |Link to Comment
  • Investor Or Speculator? [View article]
    "All of us would be better investors if we just made fewer decisions" I agree. Since 2008 I made a number of brilliant moves but the ones I regret the most are selling into panic. Best example is May 2010 I sold BZ and WNR and bought T thinking we are surely going back into recession. BZ went on to be acquired at 3x my selling price and WNR is currently valued at 10x my selling price. Hard lesson learned. Never sell into panic. Nevertheless I made money on the sale of both BZ and WNR and currently have long term gains on T. Since this mistake I have learned to discipline myself to buy panics and never sell panics. I have to report to no one and there isn't a clock that says times up nor do I use leverage. Therefore I will never let the market dictate when I sell stocks. I'll reserve that right all to myself.
    Aug 7 11:57 PM | 3 Likes Like |Link to Comment
  • Sell The Euro [View article]
    Sell the Euro? I thought that during the last euro crisis the euro would go toward parity with the dollar. I was wrong. The fact is the ECB will not do anything other than lip service to weaken the euro. Interest rate differentials will keep the euro in the $1.50 - $1.30 range. Deflation increases the value of a currency. Inflation decreases it.
    Aug 7 05:38 PM | 2 Likes Like |Link to Comment
  • Buy Portugal Telecom Right Now [View article]
    One day trade? Four percent? I am actually disappointed there was not a deeper analysis of PT. When I invest in any distressed security I, at a minimum, want a 100% return within two years. Otherwise it isn't worth the trouble.
    Aug 7 02:56 PM | 6 Likes Like |Link to Comment
  • Cliffs Natural appoints Goncalves chairman, CEO after proxy battle [View news story]
    Elections do have consequences.
    Aug 7 01:01 PM | Likes Like |Link to Comment
  • Diamond Offshore Drilling: Fleet Analysis As Of July 24 And Second Quarter Results [View article]
    I still believe SDRL is the top dog.
    Aug 7 12:40 AM | Likes Like |Link to Comment
  • The S&P 500 And The Magnet Effect [View article]
    Will the S&P break 2000? Of course it will. How about 3000? Yep. It will pass that mark someday too. Why? The effect of inflation guarantees that the averages will be higher in the future. Will the buying power of those future riches keep up? Do not know but one thing is certain the government will get more taxes so everyone will be happy.
    Aug 6 10:51 PM | 1 Like Like |Link to Comment
COMMENTS STATS
3,129 Comments
4,402 Likes