http://www.history.com/shows/vietnam-in-hd/about
The Ia Drang Valley. Khe Sanh. The Mekong Delta. It's like watching Apocalypse Now all over again. The above miniseries is available for download on NFLX. I watched the entire six hours in one sitting last Sunday.
Apart from scattered images in the Chronicle, Life magazine, or on TV I don't recall much about 'Nam. Too busy navigating adolescence between 1965 and 1972, and missed the draft lottery by exactly one year. By January 1973 I was hitching down Route 66 listening as a radio announcer read off the names of returning vets. Most of my memories revolve around antiwar demonstrations and the musicians that shared the platform. This series filled in the blanks and put it all together for me.
One statistic that astounded me- whereas an infantryman in WWII averaged 10 days of combat a year, his counterpart in 'Nam averaged 240 days a year.
ReplyDeleteDue to the incredible mobility provided by choppers.
Deletewow
DeleteWe are now getting over 50% of our website's traffic from mobile.
ReplyDeleteMobile is rapidly displacing most other forms, the smartphone is the next greatest must-have phenomenon since the automobile.
DeletePeople are probably out furniture shopping, then doing price compares from the store.
DeleteDoubt they are actually browsing and finding furniture on mobile very often.
But I do this all the time and why wouldn't you? Going to be tougher and tougher for commodity product sellers to maintain margins.
Could be logistics play a large role too? Volume purchasing used to make for pricing discounts when Circuit City first appeared their prices were beating other smaller shops? Then something happened....
DeleteSeems like the whole Greece things is becoming a non-event, stock market wise. I guess if they get a deal things move forward, but if they don't, people have had years to prepare, so shouldn't affect business too much.
ReplyDeleteThe real losers of course will be the average Greek person who will see their standard of living cut either way.
Seems like the bad news is priced in, or the reaction is delayed. Similar to oil prices should've come off last spring but were delayed as the distribution was being executed.
DeleteENPH - Completely broke out of that pennant, reports today in AH
ReplyDeleteGuess I was wrong on the test of 8. I'm actually looking forward to the report anyway.
DeleteCSX - Trainwreck, I guess you guys heard about it.
ReplyDeleteSCON - Is there some news?
ReplyDeleteENPH- Did I miss something or 'rats leaving the ship'?
ReplyDeleteI have to think and expect, taking gains ahead of earnings report?
DeleteYep. Pretty severe.
DeleteSo, maybe we get your $8 price, or even better if we're lucky? Who knows, with a selling spree on fear we can get a good price? My broker has a $16 target on ENPH
DeleteWLT - Coal, anyone? It's not like the smartphone can replace coal too, or can it?
ReplyDeleteThat's funny. Maybe it can as a micro solar panel. Just have to attach it to the top of your head.
DeleteI'm looking to buy a used droid pad of some type, they're $100 for"obsolete" models.
DeleteGEVO - Another great day, carbon credit subsidies or something?
ReplyDeleteSCON - Blackrock recently submitted an 13G, wonder what that's about?
ReplyDeleteNM - Reports in a couple days, that should be interesting. I recall well when when this one was being marketed at much higher prices.
ReplyDeleteBXE - Right at the top of it's channel, good place to exit is you know this company is bankrupt.
ReplyDelete$8 would've been a good exit too, if you'd been paying attention to all the supply coming to market.
DeleteTTMI - This company makes the iphone circuit boards, right?
ReplyDeleteNot sure if you guys have seen this site but it's pretty cool:
ReplyDeletehttp://www.mergerize.com/
Users predict mergers along with time and price.
Hey, that's pretty interesting. As long as someone isn't purposely posting misleading ideas. I'll check it out.
DeleteFMD - $200mm loss?
ReplyDeleteBB - can you please get control of your people up there?
ReplyDeletehttp://globalnews.ca/news/1824739/accused-b-c-terrorist-wanted-jihad-trial/
No kiddin - crazy people are everywhere
DeleteRL is perking up.
ReplyDeleteTempting - well run company. Wish it would get down to around $120, but $136 will probably be a good buy price.
Delete$132 was my buy target. Hit $133 this morning.
DeleteNice move out of CBI, well over $40, even before oil starting moving up. Could be the13F filings or maybe something else, but guess I should have done my add when it was down in the $32's as it sure doesn't appear to be heading back there.
ReplyDeleteNo complaints though.
FEYE having a helluva move. Man do I wish I held onto my CYBR. I flipped it for a small gain around $36.
ReplyDeleteTWTR: http://www.bidnessetc.com/35002-twitter-twtr-stock-could-rise-to-150-in-four-years-mkm/ - I agree with this except I think it could happen sooner. The addition of search not too long ago and now video ads an open home page will be big game changers for this company. I bet they hit 400 to 500 million users by the end of the year, depending on when they open up the home page.
ENPH- I'll be shocked if this is where it ends tomorrow. So it probably will!
ReplyDeleteSaut sounding pretty positive on the markets and oil today.
ReplyDeleteMCP - This one's been ripping higher, not sure if there's any story.
ReplyDeleteBXE top performing stock in the TSX today on no news. Maybe just follow through from the Klarman purchase. Stock now up 37% from the night before the announcement of their purchase came out. Sure helps your performance when you announce you've already bought a stock and it goes up like this.
ReplyDeleteDidn't he recently buy LNG? Or was it CBI? There's a strong relationship (sales pitch?) for exporting LNG out of NA that I have doubts about.
DeleteCBI sure does look good, though.
Blew it. GDX/GDXJ both off -3% as I write. Not only that, but TLT off another -1.5%. I had 12.5% of the port invested in each sector, so looking at a -0.5% dent to the port.
ReplyDeleteWhat does the unprecedented selloff in bonds portend? It’s certainly possible Treasury investors are anticipating a string of rate hikes, and have begun the long process of unwinding their positions.
MAT - "Mattel teams with Google to update the View-Master "
ReplyDeleteA high tech solution to a low tech problem?
One of us HAS to short bonds for crikes sake. We've been talking about it for years...and have been wrong.
ReplyDeleteFuck. Scratch that. TBT looks more like a short at 48ish. LT hold maybe on a retest of 42ish.
DeleteI'd love to make some dinero off TBT, or even SRS for that matter.
DeleteIt does seem like the time is right, and, if it is, there is a long, long way to go. The trick is that it seemed like the right time in the past many times (in my mind at least) and rates always have turned back lower. One of these times it will be right and I think it is again, but probably won't play as I have enough exposure to rising rates through the financials I own.
DeleteOne interesting thing - the options on the TLT (20 year bond) re more expensive than the SPY. That means people expect rates to move more this year than the stock market
Gold is very weak so maybe it's telling us rates are going up. But that's not the TOG as described, is it? I guess if now isn't the time, we could enter TBT back at those recent low levels or lower if they go there?
DeleteReal estate might feel some pressure if rates rise, no?
FED isn't "satisfied" with inflation, they claim.
ReplyDeleteI'm not sure if there's anything to it but I always have this opinion most people are in a bad mood during winter thus econ info should rightfully take somewhat of a dive. People just aren't as active during winter.
ReplyDeleteInteresting comment about premium BB.
ReplyDeletehttp://www.miteksystems.com/solutions/products/commercial-mobile-deposit-capture
ReplyDeleteI bought a tiny position in WGBS for no other reason than I like the chart, it has a miniscule float, and RA Capital Mgmt is in it (they were in ACHN when it was down around $2.80). Plus, revenues are ramping and they have a good cash balance (so no secondary immediately).
ReplyDeleteNosing around financials and looking at AIG JNS NYCB OZM BKCC. I like AIG best just since its most beat up and not looking to trade but hold.
ReplyDeleteRL most likely be long before close, seems to have stopped going down, for a trade.
RL would really like it at 135.50 but does not seem to want to come in any
DeleteENPH what a ride
AIG started a position for LT
DeleteT3d,
DeleteGood luck with AIG. Here's my opinion, for what its worth.
I haven't done a lot of looking into it, but I'm still concerned about investing in it and staying away. They do have some good underlying businesses, but I think they've still got a lot of work to do and I'm not 100% convinced the culture that got them into trouble before is completely gone.
The Book Value excluding AOCI and DTI was $58.23 as of last quarter, so there is some downside support there. I'm not sure what the real value of the DTI is to them, so went with the ex-DTI one. They are also cheap if you compare them to P&C insurers, but kind of in-line with life insurers, so because of their blended business model, it is hard to compare. I think ALL is probably the only other life/P&C public company out there and AIG is cheaper than them.
I think you know I've got several insurance investments, so I do like the industry at this point in the business cycle, especially with rates looking to rise in the not too distant future. But for me, AIG is too hard to know. I know I may be fighting the last battle and avoiding it because of the things they did bad in the past, but that's OK, you can't own them all.
My guess would be the new CEO does some things to simplify the business structure and surface the value of the underlying businesses. Maybe they do a split like HIG did which certainly worked well for them.
BB, thanks for your thoughts. A fair group of value guys like it, but they can be wrong. I looked at about 20 monthly charts in insurance and they have had strong runs in comparison probably for reasons you mentioned.
DeletePersonally, I would have preferred a better entry, but it seems if I wait lately the ones I like keep going. I missed CBI because I was being cheap over .05 cents.
Thanks again
http://www.crossingwallstreet.com/archives/2015/02/the-devil-in-jesse-livermore.html
ReplyDeleteRL - Looks like insiders were dumping last year, I'm guessing they probably knew the short term would disappoint. I'm not saying it's a bad entry here, it's nice having these ideas for consideration and this is a much better opportunity now than before. ARO for example ran 75% off the bottom so far and look what DG has done..... Neither of these are the brand equivalent of RL
ReplyDeleteKORS too, fellas. In case we miss RL. Failed the top of channel.
ReplyDeleteBXE - So yesterday was the top of channel, exit opportunity. Just illustrates the power of a channel formation, huh? We'll see on this one but there are good traders out there saying oil is likely heading lower.
Yeah, it seems often a chart has trouble when it hits the top or bottom of a channel, then it pulls back, and if the fundamentals are strong enough, gets enough energy to burst through. But it often takes a good chunk of time to get through a channel line
DeleteTWTR - On this one, I've never bought anything through or from these guys so I don't know..... Saturday I bought an alarm clock from an ebay seller and it came delivery via AMZN prime so I guess there are sellers pocketing a few bucks off the AMZN prime discounts?
ReplyDeleteXLU looks like rotation back here after the correction, having a hard time wanting to do (buy) much of anything here.
ReplyDeleteI personally am staying away from utilities. Many are very expensive compared to their traditional valuations (like double), and I think they get hit hard if rates do go up this year.
DeleteI still think the Euro stocks could be good this year. Cheap valuations, improving economy, hopefully improving sentiment.
ORA - Geothermal energy, for crying out loud...
ReplyDeleteTEX - A move like that must be real?
ReplyDeleteBMO Chief Investment Office saying similar things about Europe
ReplyDeletehttp://www.marketwatch.com/story/longtime-us-bull-is-about-to-dump-us-stocks-2015-02-18?link=MW_home_latest_news
JWN - Nordstrom's Tyson's Tysons Corner shopping mall looks like a damn dump nowadays, the mall is old looking in need of total rehap such as teardown and reconstruction. I think it's gonna happen.
ReplyDeleteSold bita today and picked up pnra and rl
ReplyDeleteXOM - Buffett sold his entire position of ~ $4B, and added to IBM, now ~$12B
ReplyDeletePetra - Ancient city of, a victim of global warming? BTW, it's supposed to be wicked cold here tonight, around 0*F
ReplyDeleteGreat lakes freezing over
Deletehttp://www.mlive.com/weather/index.ssf/2015/02/arctic_blast_sends_great_lakes.html#incart_related_stories
TUP - Still got this one?
ReplyDeleteI sold but its still cheap. I keep looking at that COH. A bit of a breakout here today.
DeleteSCCO - I dunno, this company must be able to produce copper at any price. Or maybe the bet is copper has bottomed?
ReplyDeleteOMG, hot little girls with guns?
ReplyDeleteMCP - Another good day. There have been plenty of bad ones..... A common theme for commodities producers it seems. iphones don't consume much but the purity must be extremely high thus APD makes $$$ supplying the large tanker trucks of highly purified gasses.
ReplyDeleteBXE - Hell of a move, wonder who got their balls caught in a vice?
ReplyDeletePicked up some VA today. If you've ever flown this airline its a pretty unique experience. Almost like a night club on an airplane. Cheap stock...not the cheapest amongst the airlines but it trades at about 8x EPS. They're growing the fastest, though...revs are up about 50% since 2011 and are expected to grow 14.5% next year (vs 0 to 9% amongst peers). Chart looks like it has bottomed out. Depends on oil in part, of course, but I like it here at 36
ReplyDeleteI really like Richard Branson. Funny story, I was reading someone's thread where he was talking about stuff he bought for his daughter for christmas, he mentioned he had to run back out to the store for an uggs care kit.
DeleteThis wasn't a financially oriented social site.
haha. what the hell is an uggs care kit?
DeleteSeems like sellers were discouraged by news of Greece? I'm having difficulty keeping up with news about Greece.....
ReplyDeleteunemployment claims were low.
ReplyDeleteENPH - how about some volatility? that stock is getting boring.
ReplyDeleteKWK is gone?
ReplyDeleteFNMA - Sheesh, any news?
ReplyDeleteEVER - Have a look, my broker has a buy assigned.
ReplyDeleteDB/FCAU - I'm damn glad I didn't give up on these on the smackdown.... Guess I missed a chance to add onto DB as it's not a huge position and even still a little under water.
ReplyDeleteDECK - These guys should make kangaroo hide high tops for playing basketball.
Re COH, here is a review from the only guy I still follow on Seeking Alpha - he actually analyzes things and provides value (and doesn't just regurgitate stats like so many do!)
ReplyDeletehttp://seekingalpha.com/article/2929806-coach-transformation-developing-favorably?isDirectRoadblock=false&app=1&uprof=44
yeah I read that article. I'll be looking to buy a false breakdown, if it comes.
Delete"Frostquakes are harmless." WTF, I've never hear of frostquakes.....
ReplyDeleteThe more I heard about TWTR having issues the more convinced it makes me that this is going higher. I'm still holding it and targeting $58.
ReplyDeleteMy thinking is look at the move it made in 2013. Went up $20, pulled back $6, then ran another $20.
DeleteLatest move: +$12, pulled back $3, I say up another $12. Symmetry gets it to $58.
We had some exciting news concerning the state of automotive financing today.
ReplyDeleteJWN - So what's the verdict?
ReplyDeleteMEIP - Buy with a $9 objective
ReplyDeleteIVAN - Files bankruptcy..... Will BXE do this too?
ReplyDeleteNDLS - Repeat Super Salad crashing.
ReplyDeleteAGG - BACML filed they own this as of 12/31 and it has risen nicely, along with numerous others they filed ownership for. Conclusion is, BACML has keen insight thus their trades appear enlightened. How can they not make a ton of gain from this insight (by virtue of sitting in the catbird seat)?
ReplyDeleteTrue perhaps they have losses from the financial crash but this FED sponsored recovery is purposely contrived to allow these guys opportunity for taking advantage of their strengths.
If BAC doesn't rally to new highs that would be amazing, I think. They know what moves to make and when to make them, no?
Euro-stocks getting a nice bump on the announcement of a Greece resolution. A lot of it seems to be just the Euro bouncing and bringing up these Euro-shares with primary listings in Europe up.
ReplyDeleteBut either way, good news. FCAU at a 52 week high again today as well, but CS is my best stock (a bit surprisingly)
Feb sure has been a better month than January so far. Let's hope it continues!
ReplyDeletegot some golf in today. glad to see you guys held down the fort. i'm still kicking myself for veering off my original path for the early part of 2015: holding an all in position on FCAU. argh! that sucker is a beast. Up 33% YTD.
ReplyDeleteBe nice to even be thinking about golfing. There have been years when we've had a February thaw and gotten out on a local crap course with temporary greens, but this year, it's been brutally cold. All the schools were closed Thursday because it was below -20 Fahrenheit - too dangerous for the kids I guess..
DeleteGood article on TWTR:
ReplyDeletehttps://www.share.com/blog/2015/february/thought-of-the-day-twitter-moves-beyond-users-but-will-google-buy-it/
RL nice move on Friday (long a few with a put also). Like TWTR also. LNKD chart is also setting up as it digests big earnings gap; I´m long and looking to get longer.
ReplyDeleteGood History Channel stuff on Vietnam. Watched a few episodes, real interesting. Must have been brutal to have been drafted into that war. My uncle went and he sure never talked about it at all. Not surprised, really.
I wonder if I've missed RL. It's a very good company and I think this selloff is overdone and they are not turing into the next COH (froma couple years ago). But I did think we'd see some further selling on downgrades, etc, but the bounce seems to be in place now.
DeleteGood for you guys for getting in when you did!
I don't know who gave the heads up on RL, but thanks!
DeleteBy the way BB, do you ever write puts when you like a stock but want a lower price? I wrote a March 135 put for 2.35 on RL. I'm hoping the put expires worthless, which would generate some income for me, but I'd also be willing to own it (at least theoretically...) at 132.65.
I've thought about it and looked at it many times, but never done it. The risk/reward never seems worth it to me. I've sold covered calls a few times, but the downside is I feel locked in on that position, so haven't in a few years.
DeleteFinally found a good web site for looking at historical markets . Yahoo used to have the Dow back to 1920, but no longer. This one only has monthly data, but still nice for looking at specific years in the past.
ReplyDeletehttp://www.tradingeconomics.com/united-states/stock-market
Stockcharts has some of this that may be of interest ...
Deletehttp://stockcharts.com/docs/doku.php?st=historical&id=reports:historical-chart-gallery
http://stockcharts.com/freecharts/historical/marketindexes.html
Yahoo really shot themselves in the foot with the changes they have made to their finance section. What a horrible company in my opinion. They had the opportunity to expand their stock screener, real time messenging, and charts and become a juggernaut. Instead I now never use them. Their charts suck, their screeners are horrible, and their real time news info is second to stocktwits and twitter now.
DeleteYou really wonder how companies can make such bad decisions.
DeleteLet's see - you have a good product which people like and use a lot. You then build a new version which obviously was not tested by real users or it never would have been released. Then you spend months not fixing before you decide to do something. Then you go and make another bad release.
It just seems so simple to ask some of your real users what they want and to be testers.
But obviously it's not.
Seems like YHOO hired a bunch of monkeys to fix something that didn't work well in the first place and they only managed to screw it up more.
DeleteGoing to be an interesting day Monday - wonder if we get follow-through from the good action last week or the excitement was a short term top. Futures flat so far. AUstralia up, but probably just playing catchup to the US from Friday.
ReplyDeleteMost likely S&P sheds 30 pts Thursday, best I can tell. Not sure what Monday brings but if down might be a dip to buy then sell into strength (hypothetically).
Delete"The overall breadth and diversity of our market making activities, together with our real-time risk management strategy and technology, have enabled us to have only one overall losing trading day during a period of 1,485 trading days."
ReplyDeleteJust saw this, posting here for the quick heads-up.....
ReplyDelete2/13/15 - "ConocoPhillips Mulling Sale In Canadian Assets Represents ~20% Of Western Canadian Output"
(a) TLT (long duration Treasurys) catching a bid in the pre-market session, +0.4% to 127. (I reopened a small position in RYGBX at Friday's close.)
ReplyDelete(b) US indexes slightly red.
(c) Crude off -2%, under 49. OIH/XLE -2.5%/-1.2% pre-market.
(d) Spot gold dipped to 1192 in London but now flat, which may set up a buying opp in miners.
(e) EEM off -1% to 40.2x. RSX (Russia) -4% to 17.30.
I opened a starter position in RSX @ 17.30. Holding a starter position in RYGBX. Looking to reopen positions in oil services, Emerging Markets, and miners.
PBR @ 6.4x. SLW @ 20.9x.
DeleteOIH @ 35.0x.
DeleteFCX @ 20.4x.
DeleteYep, Russia being punished, YNDX caught up in that and perhaps oil too?
DeleteTaking profits on SLW @ 21.24 (+1.2%).
DeleteTaking profits on USO @ 18.25 (+0.8%).
DeleteTaking profits in OIH @ 35.28 (+0.6%). Taking profits in PBR @ 6.52 (+0.6%).
DeleteClosing RSX @17.32 (basically breakeven). Only remaining position is RYGBX (bonds). What's troubling me is the sustained strength in bonds (strong bids in TLT out of the gate with no pullback), which raises the probability that gaps down in commodities/EM this morning closed a bull trap (traders who bought Friday's strength are now underwater and likely to capitulate on further weakness).
Delete-20F - That's pretty cold, can't imagine what that would be like for a sustained period.
ReplyDeleteBMO - Reports tomorrow, before open.
TSLA - Worth $700B, according to Musk
ReplyDeleteSign me up I'm in!
DeleteHe's hallucinating again perhaps but by that logic, Ferrari's worth $1.4T minimum bid, including Maserati and Alpha adding those in would easily bid for $4T.
DeleteVLKAY would be worth at least $3 Trillion in that scenario. Its so much fun to play with numbers...
DeleteUS credit card debt exceeds savings. With an even stronger dollar policy that should translate to nice returns for MA,V and it's evident in the charts.
ReplyDeleteVA having a decent day (please no jinx) on the back of weak oil. I still think there's another run in the airlines. Valuations are still really low. I understand the cyclicality concerns everyone has about airlines but the industry economics changed when they started charging for bags, food, internet, etc. These are now cash cows. At some point they will oversupply the market and things will crash down. But for a company like VA that is conservatively expanding into new markets and holds a significant positive cash balance, that concern is far off in the future.
ReplyDeleteI also believe that the tourism industry will continue to grow over the next few years as the economy improves and people have more disposable income. Additionally, business travel should pick up too. The consolidation the airlines have gone through may have gotten them to the point where they no longer price so aggressively and can maintain margins. In the train industry. we saw the same thing where profits were under pressure constantly when there were many players, but now that they is just the big 5, they are consistent price increasers and profit growers.
DeleteI own a hotel company and airline in Canada still and FLY airplane leasing.
Mid-session pullbacks evident in commodities/EM. USO 18.06, SLW 21, EEM 40.28, PBR 6.49. The key will be the degree to which shorts are able to press their bets. It's still a bull market.
ReplyDeleteYeah, I'm waiting for WTIC to trade around $10, I blame this low energy on the iPhone.
DeleteHII - Not too shabby, eh? This one's priceless similarly with Ferrari, there are no others.....
ReplyDeleteTaking a shot at YNDX ('the Russian Google') @ 16.12.
ReplyDeleteYNDX off @ 16.28.
DeleteI like YNDX. Been following that one closely.
DeleteCENX - Is this H&S gonna fruit? Crap, are any raw materials or energy being used to make shit anymore or what?
ReplyDeleteYHOO - Merissa Mayer sounds like a duck quacking when she speaks. This stock stinks IMO, thus it's gonna double.
ReplyDeleteSolar theme
ReplyDeletehttp://www.theverge.com/2015/2/13/8033691/why-teslas-battery-for-your-home-should-terrify-utilities
SCTY - Insider Trans -67.80%
DeleteWonder when these guys plan on eating their own cooking? Anyway, I've always considered batteries a necessary evil and have never met any I was impressed with. Anybody have some real energy numbers besides fluff talk I'd like to see it, it's gonna take one hell of a lot of energy to heat my home reasonably on a cloudy 10*F day, even my wonderful and fantastic milking machine energy efficient heat pump doesn't work in those conditions. I never was so uncomfortable since fossil fuels have been shut down, I hate iphones.
I returned half an hour ago from running errands to see a spike in crude, which took USO/OIH up to 18.57/35.80. However, the spike was sold (USO/OIH now 18.12/35.40). Afternoon rallies in EEM and GDX were also sold.
ReplyDeleteAll of the above are in stark contrast to TLT, which has continued to climb steadily higher.
We have >90 minutes before the regular session closes (and in the midst of 'contra' hour)- it's too early to position ahead of Tuesday's open.
FCAU - Took me over 6 years to finally find a stock in an uptrend.
ReplyDelete(a) TLT set to close just above 128 (+1.2%). I plan to take profits on RYGBX (Rydex 1.2x Government Long Bond) at the close.
ReplyDelete(b) Commodities/EM fell short of the 'capitulation' selling I like to see. However, OIH, GDX, and EEM are all sitting on their respective 50-day moving averages. Reopening positions in RYVIX (Rydex Energy Services), RYPMX (Rydex Precious Metals) and RYWVX (Rydex 2x Emerging Markets) at the close. The fact that RYPMX holdings include FCX (Freeport McMoran), which is sitting on its own 50-day EMA gives me added confidence. That said, none of the positions offer as low-risk an entry as buying into capitulation, so all positions are sized at 50% of normal.
(c) The one asset which is seeing heavy selling at the close is RSX (Russia). Reopening RSX @ 17.02.
Yellen dog and pony show starts tomorrow.
ReplyDeleteDC area leads in 7-figure housing sales.
ReplyDeleteAAPL wants to build cars, eh?
ReplyDeleteMade a few moves today...sold some of my FCAU that I bought at $13.x a few weeks ago. Still regret ever selling any of that but oh well.
ReplyDeleteSold a good chunk of my TWTR at $48.7 and rolled both of them into VA around $36.4. Still holding several positions including RL, PNRA, etc.
Contemplating YNDX and KORS, BITA (again) and TA (again).
Kind of pissed about CAKE. I snoozed on that one. Had a chance to buy at $48. If I had to choose a group of 10 stocks that I would hold for 5 years, this would have to be in it. I just think they have so much more room to grow.
DeleteSeems like every oil company is promising increased production while also cutting cap-ex.
ReplyDeleteJONE - New 52wk low, it's not doing well at all lately.
ReplyDeleteThey did an equity issue around $10, not well received.
DeleteI see now, about 14 or so days ago.
DeleteSemi automatic pistol instruction and tequila taste test event.
ReplyDeleteSPWR - Wow, baby...
ReplyDeleteWOR - Worthington Industries warning of 'significantly' lower profit as steel prices plummet
Will ROSE be today's CIE?
ReplyDeleteVery observant, you amaze me.
DeleteTOF- Give me the quick rundown on VA again? Other than the POO again. Thx.
ReplyDeleteVery unique airline catering to higher end clientele, excellent customer service, ranked #1 airline ahead of JBLU and LUV for a few years in a row now I believe...this is from 2013:
Delete"
#1 Virgin America
On-Time Arrivals: 83.5%Denied Boardings: 0.07 per 1,000 passengersMishandled Baggage: 0.87 per 1,000 passengersCustomer Complaints: 1.50 per 1,000 passengers"
Here's another one:
http://lifehacker.com/the-best-and-worst-airlines-in-the-us-1667028259
2nd cheapest airline in the discount space behind HA (which is having currency issues and revenue per seat declines). Lots of room to expand as they are primarily a west coast airline...they're expanding into new territory in Dallas. Low float. Very volatile. Solid balance sheet. They're based up by you in Burlingame.
RSX off @ 17.27
ReplyDeletePBR off @ 6.65.
FCX off @ 21.25 (opened a small position after hours Monday @ 20.58).
Closing RYWVX (Rydex 2x EM) @ the 1030 est window.
ReplyDeleteFED can continue with patient approach. - Yellen
ReplyDeleteSLW @ 21.10,.
ReplyDeleteVA- Thanks bro. I'll look into it.
ReplyDeletewow no idea what the hell is going on with it but it's tanking. man i love this market. there's almost no memory from one day to the next.
DeleteNo memory, perfect point!
DeleteD - We set a new record peak power consumption, how much power does the solar base produce?
ReplyDelete"A peak of 21,651 megawatts of electricity was supplied by 8 a.m. that day, which is an increase of more than 1,500 megawatts over the previous peak set July 22, 2011, according to Botkins.
cComments
If all of those against the use of coal to generate electricity would stop using it, there wouldn't be a record.
Nuke'em
at 10:29 AM February 24, 2015
Add a comment See all comments
1
One megawatt supplies enough electricity at peak for approximately 250 homes, he said.
The previous winter peak of 19,870 megawatts was set on Jan. 8, 2015, according to Botkins.
During the 24-hour period Feb. 20, customers also used a record amount of electricity. During that span, Dominion delivered 450,432 megawatt hours of electricity. The previous mark of 431,923 megawatt hours was set on Feb.16, 2014, Botkins said."
ENPH says: "The U.S. installed 1,354 megawatts (MW) of solar in the third quarter of 2014, for a total of 16.1 GW installed PV capacity, with another 1.4 GW of concentrating solar power capacity, enough to power 3.5 million homes."
Delete16GW of solar is installed, Check my math:
16GW = 16 000 000 000 watts
US consumes 4,686,400 000 megawatts = 4,686,400 gigawatts/16GW - 1/292,900 watts is from solar?
http://en.wikipedia.org/wiki/List_of_countries_by_electricity_consumption
Re the Ferrari IPO in case you missed this (I did):
ReplyDeleteIt won’t be a difficult placement,” Marchionne said Tuesday in an interview. “I wish they were all like this. The execution of this is going to be very short. We just need to be very focused on which investor base we’re going after and once we do that, you could probably sell it by the time you and I have a bagel in the morning.”
Fiat Chrysler is holding a “beauty contest” to select the underwriters and will decide in March or April, Marchionne said. An IPO of the maker of the exotic sports-cars is possible by July and the process should be quick, he said
How do we play this BB? Will we get shares of Ferrari?
DeleteYes, they are going to sell 10%, the family is keeping 10% and the other 80% will come to use via a (hopefully tax-free) distribution of new Ferrari shares.
DeleteRL drifting down after the initial bounce last week. We may still get the chance to buy at lower prices afterall.
ReplyDeleteI have $$ set aside to add
DeleteSold out yesterday, although I still have my put write. Certainly wouldn't mind lower prices to get back in.
DeleteMark - The entire airline industry looks dirt cheap actually. I can't find one that is expensive, assuming the industry has changed permanently as a result of consolidation and fees for bags and everything else. If so, then this whole sector could theoretically go up another 50% and still be valued below the rest of the market. Hard to buy after such big multi year runs, though, and they are subject to oil prices. But it seems like that risk is priced in at 6 to 12 times earnings, depending on which one you're looking at.
ReplyDeleteTomorrow should be another up day, then S&P takes a 30pt haircut Thursday....
ReplyDeleteYou've mentioned Thursday a couple time as the bad day - why do you think that's going to happen?
DeleteThe Tues/Wed Yellen Dog and Pony show.
DeleteGood numbers out of CBI, but more importantly, maintained guidance of EPD of $5.55 - $6.05 for 2015 on a $42 stock - very cheap assuming they deliver.
ReplyDeleteAlmost sold a bit of FCAU today as well and probably would have if I hadn't got sidetracked by other things. Thinking of around 15% of shares, so will see how it looks tomorrow. Not thinking FCAU is peaking, but just like to reduce the risk after a 50% move, especially since it was in 4 months.
ReplyDeleteAGO, which had a great 2012 and 2013, but really did nothing for all of 2014, hit a 5 year high today. Still valuation support for this and I think it will go higher.
ReplyDeleteI think the big question with the airlines is how cyclical is their business now with the changes TOF talked about and the industry consolidation.
ReplyDeleteIf it still is cyclical, you want to sell when business is good and it is cheap on a p/e basis as you know competition will increase and drive down margins, etc.and you will not got a high valuation on the stocks, even though you think you should.
But, if it has really changed, then you can ride the stocks much further and get some p/e expansion to go along with rising earnings, so the stocks should have a good way to go.
I personally think the industry has changed for the better and own a Canadian airline stock, but it is a smaller position for me because of these concerns.
this, a few mega banks and insurance stocks are the three cheapest sectors in the market in my opinion. autos are close behind
DeleteI would agree although I think the Euro-banks are better than the US mega-banks.
DeleteOther than these themes, you are looking for individual stock situations like a CBI or RL or GIB where the market is misunderstanding the company.
And I still think energy may have some great opportunities this year. It is commodity dependent and I haven't bought any yet (still holding a bunch), and I know you probably won't buy, but I'm keeping a close eye on it.
Delete(a) RYWVX closed the 1030 am window +2.21%. Probably left 30% of potential gains on the table relative to closing end of day.
ReplyDelete(b) Surprising strength in bonds! TLT continuing yesterday's rally with an additional +1.3% move today.
(c) US indexes at new highs.
(d) Normally (b) + (c) would present divergent signals. In this case, I think bonds are rallying partly from its vastly oversold condition +/- Yellen's comments re 'patience.'
(e) Oil + gold are unfortunately not following the broader indexes higher, and I took minor losses on RYPMX and RYVIX. Closed both end of day. A profitable day overall, however.
To the extent the market has no memory, it resembles a craps game. Each roll is an independent event.
ReplyDeleteSRS - Still quite a bit of volume on this one.
ReplyDeleteTOL's 26% margins and ASP of $780K are freaking amazing.
ReplyDeleteTREX - Plastic decking lumber, good stuff compared to the other wooden crap.
ReplyDeleteTLT - Might fail to re-enter the channel here?
ReplyDeleteTJX raising wages for retail workers now as well.
ReplyDeleteI think this bodes well for the overall economy as typically, these increases will be spent in the general economy.
CBI - Nice move
ReplyDeleteOnly got 2/3 of my position as I got too greedy on the downdraft and tried to get it cheaper. Oh well, still really good as up over 20% since my purchase last month. Not selling any though - should be able to easily get to $60, maybe even this year if they have a good couple more quarters.
DeleteIn that case, how about ACM? ACM is on the USA1 list with an objective of $41
DeleteBABA?
ReplyDelete