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poclerk

poclerk
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  • "Blood In The Streets" Equals Opportunity (Re-Invest Quarterly Dividends At Bargain Prices) [View instapost]
    Steve, I am a long time follower, and I think you are correct and I added to some holdings today, and I got back into FOF. There is not enough space here to get into the details, but anyone who liked this security, and owned it, last Friday must be salivating at the opportunity to buy this thing around $12.
    Jun 29, 2015. 02:54 PM | Likes Like |Link to Comment
  • Diana Shipping Offers Stability For Drybulk Speculators [View article]
    Fantastic article. After weighing all of the ''pros and cons'' on DSX, I believe I would feel better buying the recently issued exchange traded senior note with the trading symbol DSXN. These notes have an 8.5% coupon, mature in May 2020, are callable in May 2017, make whole call and change of control protection. So if they don't default, and you say they have a ''pristine balance sheet'', then I make north of 8% annually whether DSXN is called or not. Sounds too good to be true to me. Why does it cost DSX so much to borrow money and would you recommend DSXN?
    Jun 15, 2015. 12:43 PM | Likes Like |Link to Comment
  • JPMorgan: Government bond rout worst in 30 years [View news story]
    Good point, Manus. This is common.
    Jun 8, 2015. 04:48 PM | Likes Like |Link to Comment
  • U.S. Households Under Pressure: Stagnant Incomes, Rising Basic Expenses [View article]
    Well I got up this morning and I grabbed myself a beer
    Yeah I got up this morning and I grabbed myself a beer
    You know the future's uncertain and the the End is always near
    May 31, 2015. 06:18 AM | 1 Like Like |Link to Comment
  • MSP: A Low-Volatility Sector Closed-End Fund Using The GARP Approach [View article]
    I am already in MSP and I am quite happy with it.
    May 26, 2015. 04:38 PM | 1 Like Like |Link to Comment
  • Investors pulling the plug on utilities as Treasury yields rise [View news story]
    Today, March 6th, is the day to buy your favorite utility vehicle (ETF, mutual fund, closed end fund, whatever). I am a Vanguard guy so I bought VPU, commission free, a new position, and I will probably on it for a long time.
    Mar 6, 2015. 02:11 PM | Likes Like |Link to Comment
  • Beware Of Convertible Bond Funds [View article]
    This is from SEC filings, detailing beneficial ownership in AGC;
    Tony Huang, portfolio manager and director, bought 10,000 shares on Jan. 15, 2015, at $6.27
    Gerald Seizert, director, owns 38,453 shares
    Other portfolio managers, such as Latronica and Maitland, also have ''skin in the game
    For what its worth, these guys are willing to eat their own cooking
    Feb 23, 2015. 05:46 AM | 1 Like Like |Link to Comment
  • At the close [View news story]
    I can digest the Fed, the ECB, the Euro, Greece, Russia, oil, etc., even the 50 day moving average, but I read today that the hemlines on skirts this Spring will be about one inch longer, so I am selling everything and putting my money in, well, you know, let me get back to you later.
    Jan 5, 2015. 04:55 PM | 4 Likes Like |Link to Comment
  • Added To China Fund [View article]
    You are absolutely correct when you view this security as something to be traded; i.e., when the discount is wide you buy and when the discount is narrow you sell. This wide/narrow criterion is usually referred to as the ''z-statistic'', and is provided daily on Morningstar. I wish Meb Faber and the people at Cambria would launch a ''wide z-statistic CEF'' that is adjusted daily.
    Dec 31, 2014. 12:04 PM | Likes Like |Link to Comment
  • Equity CEFs: Will 2015 Be The Year Of The Rotation? [View article]
    Doug: Thank you, thank you, thank you! I cleaned up on JLA. But even more important, going forward, before reading this article, I already had established positions in UTF, SCD, and GNT, for the same reasons you discussed. And, damn it, the next thing I buy will be GRX. Now, the fact that you publish infrequently actually gives your articles more credibility. Some Seeking Alpha authors publish daily; they seem to have an opinion on everything. Hell, they could advise Kim Kardashian on what to wear to the ''Awards''. You always give us actionable suggestions, specific symbols, etc. where we should do our own due diligence before investing. You provide, pro bono, education but not hand holding.
    Dec 29, 2014. 02:23 PM | 5 Likes Like |Link to Comment
  • Wild Ride For OXLC  [View instapost]
    Steve: I can't wait to see your quarterly update at year's end; this is proving to be a very volatile final 3 months.
    Dec 16, 2014. 04:22 PM | Likes Like |Link to Comment
  • Hedging Windfall Potential For Vanguard Natural Resources [View article]
    Chris: Thank you very much for your answer and I am going to follow you.
    Dec 5, 2014. 05:01 AM | Likes Like |Link to Comment
  • Hedging Windfall Potential For Vanguard Natural Resources [View article]
    What about VNR and natural gas?
    Dec 4, 2014. 02:20 PM | Likes Like |Link to Comment
  • Hedging Windfall Potential For Vanguard Natural Resources [View article]
    CORRECTION: The symbol should be VNRPB and the actual price I sold my shares for on June 27th is $24.87. Sorry for the inaccuracies.
    Dec 4, 2014. 02:18 PM | 1 Like Like |Link to Comment
  • Hedging Windfall Potential For Vanguard Natural Resources [View article]
    Well, I am the dumbest guy in the room but I just bought back the VNR preferred stock that I sold earlier in the year at $25 per share. Today I paid $19.82. When I sold on June 27th, 2014 (such a long time ago) VNR was a ''blue chip'' MLP and nothing could go wrong. Today, VNR seems to have a dismal future. In late June of 2014 (such a long time ago) many pundits loved VNR, but today VNR is almost friendless. It used to be a ''value stock'' but today it is a reckless speculation. I would really like to know what the 'smart money'' is doing, but the dumbest guy in the room is long VNRBP.
    Dec 4, 2014. 01:52 PM | 1 Like Like |Link to Comment
COMMENTS STATS
428 Comments
372 Likes