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7of9

7of9
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  • Determined To Taper [View article]
    Another possibility is the Fed will taper by very small amount and there will be a huge relief rally.
    Aug 22 08:19 PM | 2 Likes Like |Link to Comment
  • Intel: What About McAfee? [View article]
    What is the value of LiveSafe service? Why should I pay for such service?
    Aug 6 06:52 PM | Likes Like |Link to Comment
  • Excess Cash: What's An Investor To Do? [View article]
    How to you hold through 40-50% portfolio loss?
    Jul 19 02:50 PM | Likes Like |Link to Comment
  • Pimco Dynamic Income Fund: A Flexible Fixed Income CEF With Recent Insider Buys By Dan Ivascyn [View instapost]
    Thanks for an update on insider purchase. Does Dan own his other CEFs such as PKO, PCM, PGP, and RCS? How much ownership does he have in them?

    I looked at the interest rate swaps. They look like they hedge against 3 month libor rising not rise in long term rate we just experienced after the taper talk. Am I missing something?
    Jul 18 11:15 PM | Likes Like |Link to Comment
  • Better Investing Through Leverage [View article]
    Sam,

    Nice article. Should we worry about counter party risk to the total return swaps in the event similar to Lehman and Bear Sterns?
    Jul 17 01:25 PM | 1 Like Like |Link to Comment
  • UPS (UPS) announces it expects EPS to come in at $1.13 during Q2, below the consensus estimate of $1.20. Guidance for FY13 EPS is cut to $4.65-$4.85 vs. $4.98 consensus. The company cited slowing package volume growth due to labor negotiations on top of the general sluggishness it's seeing with the industrial economy. UPS -3.9% premarket. [View news story]
    Didn't FedEx do well?
    Jul 12 01:32 PM | Likes Like |Link to Comment
  • More Income With Less Risk For Retirees [View article]
    Good article. Look back of 3 years is too short as it does not cover a full business/credit/interest rate cycle. Given rising rates, these short duration CEFs are getting punished with all other income CEFs.

    Watch out for rise in cost of leverage in the near future which will impact returns for these leveraged funds.

    You can construct unleveraged portfolio similar to above CEFs by buying combination of BKLN, HYS, and MBB/AGG. Lower yield but much lower volatility and no insane discounts to NAV also.
    Jul 8 06:01 PM | Likes Like |Link to Comment
  • 2 More Great Reasons To Invest In Closed-End Funds [View article]
    Another reason not to invest in CEF for the average investor:

    While it is true that CEF managers do not have to liquidate holdings at the worst time because there is no forced liquidation from redemptions, the NAV of CEFs will still be marked down to the prices of same securities being liquidated by open ended funds at rock bottom prices. Thus CEF investors will feel the same negative NAV impact and lower total return as that of open ended equivalent funds.
    Jul 2 06:03 PM | Likes Like |Link to Comment
  • 2 More Great Reasons To Invest In Closed-End Funds [View article]
    CEFs are retail investors' nightmare and traders' goldmine. Unless you are proficient at trading low volume securities, stay out of this market if your time horizon is short.

    For example, when you want to take a small loss and exit the position when the NAV is starting to roll over, more then likey the CEFs will be already at a wide discount due to fast money stampeding out of the position. You will be locked into the position unless you are willing to sell at a wide discount to NAV or your cost basis.

    For most retail investors, open ended funds are a way to go.
    Jul 1 07:44 PM | 2 Likes Like |Link to Comment
  • Why Inflation Never Came [View article]
    Jeez, it is so simple why inflation never came. Don't need a PhD to know unemployment level is too high to create inflation. We need wage inflation for the inflation to take off.
    Jun 29 02:16 AM | 2 Likes Like |Link to Comment
  • Serious Questions About the 'Great Rotation' Out Of Bond ETFs Into Stock ETFs [View article]
    Yeah where will all this cash and cash like short term fund holdings ultimately end up at? They can't stay there too long yielding ~-1.5% negative real return.

    Stocks are fully valued and people have recently been burned twice via two recessions.

    I'm betting cash will go right back to higher yielding securities.
    Jun 28 07:50 PM | 2 Likes Like |Link to Comment
  • What's Wrong With The REITs? [View article]
    Sell off is due to competition from rising 10 yr rate and over/full valuation of REITs. Due to the huge rise in REITs leading up to the correction, lower returns are expected going forward with REITs.

    I see better value with mREITs (REM) now.
    Jun 28 05:15 PM | Likes Like |Link to Comment
  • It's still too early to reduce asset purchases, says San Francisco Fed chief Williams. More evidence is needed of the recovery's momentum and that the drop in inflation is a temporary one. His personal forecast is for unemployment to still be over 7% at year's end and for inflation to remain well under 2% into 2015. [View news story]
    I concur with Williams.
    Jun 28 05:00 PM | 1 Like Like |Link to Comment
  • How To Play The Precious Metals Squeeze [View article]
    Do not buy gold. I don't see value in asset that pays no dividend and has no earnings. Deploy you cash elsewhere.
    Jun 28 01:50 AM | Likes Like |Link to Comment
  • U.S. Gets Caught In The Global Crunch [View article]
    Time to buy EEM while it is down 16%.
    Jun 28 01:45 AM | Likes Like |Link to Comment
COMMENTS STATS
299 Comments
196 Likes