Green Dot Portfolio: February 2018 Update

Summary

• Realized total return on portfolio investment, from dividends and swing trades, slowed to +0.45% for February, less than half the monthly growth for each of the past 3 months.
• I extended my swing trade record to 31 consecutive gains, including 2 trades in February: SCO for +1.58% (+15.9% annualized) and DGLD for +9.09% (+207.42% annualized).
• I bought 1 new REIT (COR) and 1 stock (PG). I added to 6 existing CEFs. Dividend income slowed.
• My unrealized market value declined below January's level in conjunction with the volatility in the overall markets. Preferreds and CEFs declined the least among asset classes.

This is the fourth monthly update for my Green Dot Portfolio. I introduced my approach to this mixed-asset, dynamic portfolio with a swing trading twist in my Part 1 article and provided a detailed list of the 78 original (now 64) holdings (as of November 10, 2017) in my Part 2 article. As well, I have provided weekly updates for followers of my Green Dot Portfolio via SA Instablogs, including detailed charts, technical notes, and trade logs for swing trades.

Overall, the markets and my Green Dot Portfolio in February were a bit like the US Olympic team's performance this year: struggling for gold. Despite owning some solid REITs and Closed End Funds, performance lagged, mostly on fears of adverse impacts from planned interest rate increases by the Fed. The research I follow suggests that many of these holdings should actually fare well with the level of interest rates that are likely, and that the market has perhaps over-reacted to a degree in the short-term. As income vehicles, the dividends will still come in, and I have time for prices to rebound.

(Source: clipartsalbum.com)

The current situation is still competitive despite not setting new records, given the recent instability in the markets. Swing trades slowed in February but continue to be very good. My dividend income also slowed some this month, mostly because the majority of my holdings do not pay monthly.

Recap of Market Action for February 2018

In my January update and weekly blogs I talked about how extended the markets were entering into 2018 and that I was expecting a pullback. But I wasn't expecting the rapidity of the pullback that occurred in the beginning of the month, and I wasn't expecting such a short and strong rebound, or the sharp sell-off on the last 2 days of the month. The weekly chart below of the SPY (SPDR S&P 500 ETF) shows how widely the recent weeks have ranged compared to all of the weeks for the entire year in 2017. The trend has clearly changed, and February was the largest monthly decline in the markets for the past two years.

(Source: Screenshot created by author from TD Ameritrade 'thinkorswim' platform)

As readers of my articles and blogs know, I often strike Fibonacci retracements for trading stocks that have sharply defined high and low pivots. Looking at a daily chart of the SPY (below), it is interesting that the mid-February "bounce" reached in spirit the 78.6% retracement for the sell-off from the all-time high on 1/26 to the sell-off low on 2/9. Regardless of anyone's confidence in the utility of Fib retracements, it's clear that the character of the market has changed in 2018 compared to 2017. So for now I will continue to expect higher-than normal volatility.

(Source: Screenshot created by author from TD Ameritrade 'thinkorswim' platform)

What's Next?

After reading a number of commentaries, especially those who study market cycles and Elliott Wave patterns, I am (until patterns change) further expecting that we may likely re-test the 2/9 low, and then make at least a nominal new all-time high. Those moves could take some time to play out, on the order of weeks to months. One pattern by Caldaro (Objective Elliott Wave) suggests that a new all-time high completes a wave of a higher degree and that the subsequent correction of this recent part of the multi-year uptrend might be on the order of 20% with a duration of possibly a year. Yes, these things are a lot of conjecture and have been known to fail, but it at least provides one picture of what might unfold. The implications for my portfolio are that:

• I should continue to find opportunities for good swing trades with increasing volatility in the markets, and
• I should expect good buying opportunities on dips to add to existing longer-term positions.

Changes to Asset Classes of the Green Dot Portfolio

As a dynamic portfolio, Green Dot holdings change due to both new additions to the mix of securities as well as positions that I sell. Sells are mostly opportunistic swing trades wherein I take decent, short-term profits due to accelerated price action of a holding.

The sections below describe in detail the changes made to the portfolio in January, starting here first with an overview of changes in asset allocation.

Highlights of changes to my portfolio in February are as follows:

• The overall cost of current investments increased by +4.3% since January as I deployed more of my cash balance to add shares and as I collected profits from swing trades and dividends.
• The total number of current shares increased by +5.3%, from 5,638 to 5,938, while the number of holdings decreased from 65 to 64.
• The overall unweighted average dividend/distribution yield of my current investments continued to increase slightly, from 6.8% to 7.3%, mostly because the value of holdings decreased with the market pullback.
• My total investment in CEFs continued to increase, to 48.7% of the portfolio, continuing as the dominant asset class. Investment in REITs also increased slightly, continuing as the second-largest asset class in my portfolio.
• The number of shares of preferred stocks and preferred ETFs remained the same as in January, but they represented a slightly smaller proportion of the portfolio as funds invested in REITs and CEFs increased.
• The average cost per holding in the portfolio has increased +61.3% since inception, from $955 to $1,541.

The table below shows the change in total investment across asset classes for my Green Dot Portfolio from its inception through the current month.

Asset Type	Date	# Holdings	# Shares	$ Cost	% of Portfolio	Div. Yield
Preferreds	17-Oct	11	305	8,481.23	11.38%	5.96%
	17-Nov	11	305	8,481.23	10.71%	5.95%
	17-Dec	11	305	8,481.23	10.66%	6.03%
	18-Jan	9	245	6,860.10	7.25%	6.15%
	18-Feb	9	245	6,860.10	6.95%	6.31%
Pref. ETFs	17-Oct	4	274	4,485.40	6.02%	5.74%
	17-Nov	4	324	5,232.95	6.61%	5.64%
	17-Dec	4	324	5,232.95	6.58%	6.11%
	18-Jan	3	284	4,476.05	4.73%	6.40%
	18-Feb	3	284	4,476.05	4.54%	6.59%
REITs	17-Oct	20	952	21,721.69	29.15%	6.91%
	17-Nov	18	944	21,021.80	26.56%	7.01%
	17-Dec	19	1,011	22,651.28	28.46%	6.95%
	18-Jan	18	1,109	27,619.74	29.21%	7.23%
	18-Feb	20	1,179	28,589.24	28.98%	7.72%
CEFs	17-Oct	22	1,633	20,042.20	26.90%	7.00%
	17-Nov	24	1,916	25,902.02	32.72%	7.08%
	17-Dec	25	2,481	30,698.51	38.57%	7.11%
	18-Jan	25	3,575	43,158.48	45.64%	7.78%
	18-Feb	24	3,940	48,050.84	48.71%	7.84%
Stocks	17-Oct	21	545	19,781.07	26.55%	4.92%
	17-Nov	18	640	18,515.76	22.05%	5.42%
	17-Dec	11	409	12,522.88	15.73%	5.29%
	18-Jan	9	365	12,445.88	13.16%	5.31%
	18-Feb	8	290	10,660.53	10.81%	5.94%
Total	17-Oct	78	3,709	74,511.58	100.00%	6.20%
	17-Nov	75	4,129	79,153.76	100.00%	6.35%
	17-Dec	69	4,530	79,586.85	100.00%	6.54%
	18-Jan	65	5,638	94,560.25	99.99%	6.83%
	18-Feb	64	5,938	98,636.76	100.00%	7.29%

Click to enlarge

The portfolio's concentration in CEFs and REITs, my highest yielding assets, is emphasized in the chart below.

(Source: Chart created by author from portfolio data as of February 28.)

Positions Sold - February Swing Trades

In February I completed only 2 swing trades:

• ProShares UltraShort Bloomberg Crude Oil (SCO)
• VelocityShares 3x Inverse Gold ETN (DGLD).

These were both higher-risk leveraged trades.

The table below summarizes the positions I sold in February. I provide details for each trade - charts, technical notes, and trade logs - in my weekly blogs for followers of my Green Dot Portfolio. Profits totaled $159.60, a +7.94% gain on investment for an average of 18 trading days (+110.7% annualized). Commission costs are included in the trade costs and in the profit calculations below.

Symbol	Qty.	Sell Date	$ Sell Price	$ Tot Cost	$ Tot Sell	$ Div	% G/L	Days in Trade
SCO	45	2/8	23.80	1,049.85	1,066.48	0	1.58	25
DGLD	40	2/9	43.00	1,527.50	1,715.47	0	9.09	11
Total				2,577.35	2,781.95	0	7.94	18

Click to enlarge

Cumulative Swing Trade Results

Since August, I have been most fortunate to close 31 consecutive winning swing trades, for a total profit of $2,221.52 including $166.56 in dividends. The cumulative gain on investment is +7.66% for an average of 39 trading days, or +49.30% annualized.

As I have emphasized before, swing trade profits help me grow my portfolio faster than from dividends alone over relatively short periods of time.

The chart below shows the total percentage gain for all of the 31 swing trades.

(Source: Bar chart created by author using portfolio data as of February 28.)

Portfolio Re-evaluation and Switch-Outs

I explained when I began my Green Dot Portfolio that I consider this the building phase of my portfolio. That is, I have described this as a "dynamic" portfolio, rather than having purchased a set basket of securities that I would hold for an extended period of time. I also commented several times that starting a new portfolio was a challenge given the premiums at which a lot of stocks were trading in the later months of 2017. So my strategy was to buy small positions in a diverse basket of multiple-asset holdings, especially to help reduce risk as I was expected a pullback in the markets.

I'm now transitioning toward a re-evaluation and adjustment phase for my portfolio. I started my portfolio re-evaluation with my individual preferred stocks. In January I described how I sold two individual preferred stocks and used those funds to add to an existing preferred CEF. In that case I was looking to head off what I perceived would be some price decay as preferreds got closer to their initial call dates.

I'm now looking to switch out some positions among my REITs and CEFs that are still net profitable and exchange them for other recommended positions that are more profitable and that are trading at lower prices.

As a result, I sold my 100 shares of Morgan Stanley Emerging Markets Domestic Fund (EDD) on 2/15 at $8.00. I purchased these 100 shares on 10/20 at $7.99 (both trades with all commissions included). With a $15 dividend collected on 1/20, I'm clearing a small profit of +0.87%. I'm not considering that these "switch-outs" are swing trades. I used the proceeds to back-fill my purchase the previous day (2/14) of 35 additional shares of Brookfield Real Assets Income Fund (RA), at $21.85 per share.

Why was it better to continue to add to RA and move out of EDD? First, I consider RA to be one of the CEFs that I want to hold for a longer period of time, based on the CEF research I follow. I have already added to RA 4 times since my original purchase in late September and before this current switch-out. At the time I made this change, EDD had a distribution yield of 7.41% and was trading at a -13.18% discount to NAV, while RA had a distribution yield of 10.86% and was trading at a -10.24% discount to NAV. More importantly, EDD's distributions have actually declined over the past 2 years, from $0.20/share/month in January 2016 to $0.15/share/month in January 2018. While EDD's payouts are declining, RA's have remained steady, paying the same $0.199/share/month since January 2016.

I will continue to look for these opportunities to improve the performance and reliability of my portfolio.

New Positions

I bought 2 new positions in my Green Dot Portfolio in February, one REIT, and one stock which is intended as a candidate swing trade.

• I bought 10 shares of CoreSite Realty Corp. (COR) on 2/16 at $96.50. This REIT has a dividend yield of 4.2% and has raised its dividend several times from $0.42/share in September 2015 to $0.90/share currently. It traded at about $120 in late August 2017.
• I bought 10 shares of Proctor & Gamble (PG) on 2/5 at $83.25. This common stock has a dividend yield of 3.4%. Although it is now lower, PG was at a new 52-week low when I bought it.

Additions to Existing Holdings

In February I added shares to 6 of my existing CEF positions:

• AllianceBernstein Global High Income Fund (AWF)
• Aberdeen Asia-Pacific Income Fund (FAX)
• Nuveen Preferred & Income Securities Fund (JPS)
• Nuveen AMT-Free Municipal Credit Income Fund (NVG)
• Brookfield Real Assets Income Fund (RA)
• Cohen & Steers Infrastructure Fund (UTF)

As with my previous adds, these positions were mostly added to take advantage of lower share prices or to increase the size of previously under-weighted portfolio holdings intended for longer-term income. Unfortunately, while I took advantage of the market decline on Monday, 2/5, to buy these, I could have done far better waiting for the continued decline later that week. I nevertheless picked up these shares at a far lower price than some of my other purchases.

The table below provides details on the number of shares added, date of and unit price at purchase, and total number of shares now in the portfolio. The yield on cost and (for CEFs) discounts to NAV at the time of purchase were provided in my weekly blogs.

Symbol	Type	Qty.	Buy Date	Price	Share Total
AWF	CEF	60	2/5	$12.25	260
FAX	CEF	150	2/5	$4.85	850
JPS	CEF	80	2/5	$9.47	443
NVG	CEF	50	2/5	$14.34	249
RA	CEF	35	2/14	$21.85	185
UTF	CEF	40	2/5	$22.45	155

Click to enlarge

Dividends Collected

My Green Dot Portfolio, as a growth and income retirement investment, is designed in large part to provide income via payout of dividends. As expected, payouts from the portfolio are growing as the number of shares and positions grows, as well as due to any increase in the distribution rate from holdings.

As the table and chart below show, the total income from dividends declined below January's level, with $285.31 collected in February and a total of $1,786.56 since positions for the portfolio began to be purchased in August. The main reason for the lower February total is that the majority of the holdings in the portfolio pay quarterly despite that there are many monthly-paying CEFs. All dividends are included for the month for which the payment is received in my account, not when the dividends are declared. The red line on the chart below shows the average monthly dividend trend, now at $255.22. My goal is for that line to increase over time despite month-to-month fluctuations in total dividend payout.

Month-Yr	# Div Payments	$ Total Dividends
Aug-17	2	$24.39
Sep-17	9	$75.28
Oct-17	19	$148.94
Nov-17	37	$305.75
Dec-17	48	$401.01
Jan-18	46	$545.88
Feb-18	17	$285.31
Total	178	$1,786.56

Click to enlarge

(Source: Chart created by author from portfolio data as of February 28.)

With increasing concentration of my portfolio in REITs and CEFs, they are the leading asset classes for generating dividends. In February, CEFs contributed 32.4% of dividends, and REITs contributed 62.5%. On a cumulative basis, REITs have provided the greatest proportion of total dividend income in the portfolio, with CEFs close behind.

Asset Type	Preferreds	Pref ETFs	REITs	CEFs	Stocks	Total
17-Aug	$ -	$ 0.41	$ 23.98	$ -	$ -	$ 24.39
17-Sep	$ 10.47	$ 15.92	$ 37.56	$ -	$ 11.33	$ 75.28
17-Oct	$ 12.42	$ 21.51	$ 72.16	$ 19.18	$ 23.67	$ 148.94
17-Nov	$ -	$ 24.00	$ 100.52	$ 111.61	$ 69.62	$ 305.75
17-Dec	$ 64.10	$ 26.07	$ 54.88	$ 203.64	$ 52.32	$ 401.01
18-Jan	$ 36.91	$ 22.81	$ 233.92	$ 228.56	$ 23.68	$ 545.88
18-Feb	$ -	$ 14.73	$ 178.21	$ 92.37	$ -	$ 285.31
Total	$ 123.90	$ 125.45	$701.23	$ 655.36	$ 180.62	$ 1,786.56
% of Total	6.94%	7.02%	39.25%	36.68%	10.11%

Click to enlarge

Dividend Reinvestment

As I explained in my January update, my "flexible" dividend reinvestment option (FRIP) with Scottrade was discontinued when they are absorbed by TD Ameritrade. So for February all dividends were added to my cash account. I will need to decide if I want to enroll in the automatic DRIP or make targeted purchases with my future dividend proceeds.

Realized Gains/Losses

As a growth and income portfolio, Green Dot generates income each month through dividends and profits from swing trades. These are realized gains, or money that is available for additional investment. I am tracking this so that I can gauge progress toward my goal of an 8%+ annualized gain for the portfolio. As my portfolio was more fully established by mid-November, I use November as the tracking origin. The data below do not therefore include 5 swing trades ($393.72 in profits plus $10.80 in dividends on those swing trades) in September-October.

The table below shows the total investment and investment return in the Green Dot Portfolio for each month, including the total profits from swing trades ex-dividends, dividends on swings, and other dividends collected. I separated dividends from swing trades in order to avoid double counting. There may be a case or two along the way where a dividend is received in a month but the underlying equity was sold late in the previous month. While this may introduce a bit of a month-to-month inaccuracy, it should be small and will be treated the same each month.

Month	$ Cost	$ Swing Profits	$ Divs on Swings	$ Other Dividends	$ Total Income	% on Investment
Nov17	79,153.76	508.62	70.82	234.93	814.37	1.03%
Dec17	79,586.85	445.05	47.74	353.27	846.06	1.06%
Jan18	94,560.25	547.98	37.19	508.69	1,093.86	1.16%
Feb18	98,636.76	159.60	0.00	285.31	444.91	0.45%
Total		1,661.25	155.75	1,382.20	3,199.20	3.24%

Click to enlarge

As presented in the table, total return on investment was below par for February due to both reduced swing trades and fewer dividends. The 4 month income return on portfolio investment is 3.24%, which if extrapolated for another 8 months would result in a one-year return of +9.72%. I expect, however, that dividend income will be higher in coming months, so the yearly return should increase as long as I also continue to make at least a modest income from swing trades.

The chart below depicts the monthly source of realized portfolio profits.

(Source: Chart created by author using portfolio data as of February 28.)

Unrealized Gains/Losses

In February, the total unrealized market value of my portfolio about doubled from January, to -11.44%. One third of the dollar loss to date is from three holdings - General Electric (GE), Macquarie Infrastructure (MIC), and Colony Northstar Inc. (CLNS). The latter two have just announced that they are trimming their dividend going forward, and the market has understandably reacted but perhaps over-reacted. Another holding, the preferred stock of Maiden Holdings (MHLA) is down a lot in percentage terms (-31%) but it is a small position overall in my portfolio.

The chart below presents the percentage gain/loss of market value, by month, for each asset class in my portfolio. Stock losses have led the pack each month due to the longer-term holding of General Electric (GE), and now also from Macquarie (MIC). Compared to January, preferred stock ETFs have declined the least since portfolio inception, followed closely by Closed End Funds and individual preferred stocks. Losses among REITs, which were fairly low in both November and December, increased significantly in January, and they continued declining in February.

Again, these are unrealized values and they will change over time. But when considering both income (dividend yield) and changes in market value, REITs and individual stocks appear to be the most vulnerable, and CEFs and preferred shares are the most resilient. Given that CEFs have a distribution yield that in many cases is about double that of preferreds, they are my favored asset type. As I have increased by portfolio composition in CEFs from 26.9% in November to 48.7% in February, I am anticipating that my portfolio should weather, tolerably, these shorter-term pullbacks in the markets.

(Source: Chart created by author using portfolio data as of February 28.)

Current Portfolio

Below is a summary table of the 64 holdings in my Green Dot Portfolio as of February 28. Full names of holdings as of mid-November were included in my Part 2 article introducing the portfolio, and new additions were described in my weekly position update blogs. (NOTE: Welltower recently changed its ticker from "HCN" to "WELL", and the format for individual preferred stocks is changed from "CpJ", for example, with Scottrade, to "C-J" for TD Ameritrade). Also, for February I didn't include an updated end-of-month dividend yield as the TD Ameritrade positions download didn't include that as previously with Scottrade, and I didn't realize the change. So the yields below are from January 31 and in most cases are a bit higher this month due to some price deterioration. I will continue to report updated yields going forward.

The portfolio remains less diversified than initially but is still comprised of multiple asset classes. These classes and a moderate number of holdings was chosen to help reduce risk. With increased market volatility, I think that this is still a good strategy. That said, I will likely continue to consolidate holdings some and increase position size, with about 5% as a maximum for any individual holding.

Symbol	Qty	$ Avg Cost	$ Price 1/31	Div Yield	% Portfolio
Preferred
C-J	30	29.00	28.50	6.31%	0.88%
CTAA	30	24.25	23.49	7.78%	0.74%
FRC-G	30	25.45	25.12	5.34%	0.77%
GDV-G	35	25.13	24.88	5.24%	0.89%
MHLA	30	25.94	17.84	8.34%	0.79%
MS-E	25	29.18	28.67	6.26%	0.74%
SPG-J	10	69.66	69.00	6.07%	0.71%
WFC-W	30	25.89	25.04	5.66%	0.79%
WFC-X	25	25.55	24.87	5.56%	0.65%
Pref ETFs
PFXF	84	20.15	19.19	6.42%	1.72%
PGX	100	15.04	14.59	5.64%	1.53%
SPFF	100	12.79	12.01	7.25%	1.30%
REITs
BRX	60	18.21	15.54	6.78%	1.11%
BXMT	25	31.28	31.05	8.00%	0.79%
CLNS	345	11.79	7.78	12.03%	4.12%
COR	10	96.95	93.85		0.98%
DOC	35	18.13	14.37	5.64%	0.64%
EPR	36	67.42	57.63	7.31%	2.46%
GOV	40	18.36	13.72	10.02%	0.74%
HASI	33	22.84	17.60	6.07%	0.76%
HPT	25	29.03	25.44	7.32%	0.74%
KBWY	25	35.88	30.41	7.97%	0.91%
LTC	30	46.67	36.95	5.56%	1.42%
MPW	100	13.12	12.26	7.34%	1.33%
NHI	20	75.90	64.87	5.39%	1.54%
O	15	54.57	49.18	4.94%	0.83%
OHI	115	28.35	25.48	9.76%	3.31%
ROIC	35	19.38	17.16	4.08%	0.69%
SKT	125	26.05	22.32	5.44%	3.30%
UNIT	70	16.64	15.35	15.16%	1.18%
VTR	20	58.44	48.32	5.65%	1.18%
WELL	15	62.00	52.50		0.94%
CEFs
AWF	260	12.65	12.04	6.74%	3.31%
BGX	50	15.83	16.01	7.73%	0.80%
CXE	150	5.21	4.92	5.88%	0.79%
DFP	28	26.36	24.56	7.31%	0.75%
DSL	170	20.75	19.75	8.85%	3.58%
EMD	50	15.77	14.68	7.75%	0.80%
EVV	50	14.12	13.07	7.24%	0.72%
FAX	850	5.02	4.77	8.47%	4.30%
FEO	50	17.08	16.60	12.91%	0.87%
FLC	80	21.14	19.88	7.22%	1.71%
HPS	40	18.58	17.39	8.34%	0.75%
ISD	100	15.05	14.36	7.58%	1.53%
JPS	443	10.10	9.42	7.88%	4.49%
KIO	45	16.88	15.79	9.40%	0.77%
MIN	350	4.19	3.93	9.45%	1.49%
MSD	200	10.07	9.58	5.68%	2.04%
NVG	249	15.44	14.40	5.93%	3.85%
PCI	175	22.63	22.26	8.74%	4.02%
RA	185	23.73	22.03	10.17%	4.39%
RFI	50	12.54	11.95	7.78%	0.64%
RQI	100	12.25	11.31	8.25%	1.24%
UTF	155	23.09	21.50	8.09%	3.52%
UTG	50	30.88	28.18	6.32%	1.57%
VGM	60	13.12	12.49	6.04%	0.80%
Stocks
BKH	15	58.88	50.79	3.42%	0.90%
D	15	80.19	74.07	4.37%	1.22%
GE	103	23.92	14.11	2.97%	2.50%
KHC	9	80.99	67.05	3.19%	0.74%
MIC	33	69.74	40.50	8.56%	2.33%
MRCC	80	14.13	12.83	10.11%	1.15%
PG	10	83.70	78.52		0.85%
SO	25	44.51	43.06	5.14%	1.13%

Click to enlarge

Going Forward

Despite the high volatility in the markets in February, and regardless of what unfolds over the coming months, I am comfortable with my overall strategy to collect real income through swing trades and dividend payers, as well as to capture the potential for price appreciation for longer-term holdings.

Author's note: If you found this article of interest and want to read more about my Green Dot Portfolio and my incremental, multi-asset approach to investing, please click the "follow" button.

I have appreciated the comments from readers in the Seeking Alpha community, and I look forward to continuing to share my investing experience and to learn from others. Best to your investing!

Analyst’s Disclosure: I am/we are long AWF, BGX, BKH, BRX, BXMT, CLNS, C-J, COR, CTAA, CXE, D, DFP, DOC, DSL, EMD, EPR, ETP, EVV, FAX, FEO, FLC, FRC-G, GDV-G, GE, GOV, HASI, HPS, HPT, ISD, JPS, KBWY, KHC, KIO, LTC, MHLA, MIC, MIN, MPW, MRCC, MSD, MS-E, NHI, NVG, O, OHI, PCI, PFXF, PG, PGX, RA, RFI, ROIC, RQI, SKT, SO, SPFF, SPG-J, UNIT, UTF, UTG, VGM, VTR, WELL, WFC-W, WFC-X. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.