muscleman Posted December 23, 2014 Share Posted December 23, 2014 I bought BBRY at 9.71 two days before earning release on 12/19. Forgot to post here. Link to comment Share on other sites More sharing options...
tede02 Posted December 26, 2014 Share Posted December 26, 2014 I took a small position in Lukoil today. It appears I missed the bottom by several weeks. Nonetheless, it still seems very cheap. I'm only taking a small position due to the political uncertainly which is anyone's guess. Link to comment Share on other sites More sharing options...
JBird Posted December 26, 2014 Share Posted December 26, 2014 I bought 100 shares of USO purely as a hedge against a future rise in oil prices. Link to comment Share on other sites More sharing options...
BG2008 Posted December 28, 2014 Share Posted December 28, 2014 If I recall correctly, USO Is a terrible instrument if there is contango in the forward curve. You should look into that and see how contango eats away at the performance of USO. I bought 100 shares of USO purely as a hedge against a future rise in oil prices. Link to comment Share on other sites More sharing options...
Lance Posted December 28, 2014 Share Posted December 28, 2014 If I recall correctly, USO Is a terrible instrument if there is contango in the forward curve. You should look into that and see how contango eats away at the performance of USO. I bought 100 shares of USO purely as a hedge against a future rise in oil prices. BG2008 - one of the funds I work with uses USL (United States 12 Month Oil ETF) rather than USO precisely for this reason. From Commodityhq.com, "USL invests in the next twelve months’ contracts, allowing the fund to reflect the average price of a light, sweet crude oil contract over the coming year." Thanks, Lance Link to comment Share on other sites More sharing options...
Straddle Posted December 28, 2014 Share Posted December 28, 2014 ESV Link to comment Share on other sites More sharing options...
JBird Posted December 28, 2014 Share Posted December 28, 2014 Thanks for bringing that up! Much appreciated. Link to comment Share on other sites More sharing options...
frommi Posted December 29, 2014 Share Posted December 29, 2014 Senvest Capital and Intralot Link to comment Share on other sites More sharing options...
PatientCheetah Posted December 29, 2014 Share Posted December 29, 2014 TWTR calls and WBAI Link to comment Share on other sites More sharing options...
Ross812 Posted December 29, 2014 Share Posted December 29, 2014 CHKDG The $100 note trading at $94.5 will float back to a slight $2 to $3 premium after the shock from the slide in oil wears off. The trade should make 8-9% plus dividends in the meantime. Low hanging fruit for 13% - 20% annualized ror. I made a similar trade back when CHK was running their going out of business sale. Link to comment Share on other sites More sharing options...
Lance Posted December 29, 2014 Share Posted December 29, 2014 I bought SHLD and shorted IWM. Thanks, Lance Link to comment Share on other sites More sharing options...
Hawks Posted December 29, 2014 Share Posted December 29, 2014 SYF Link to comment Share on other sites More sharing options...
randomep Posted December 29, 2014 Share Posted December 29, 2014 IEHC Link to comment Share on other sites More sharing options...
yader Posted January 5, 2015 Share Posted January 5, 2015 Starer position in SSW. Link to comment Share on other sites More sharing options...
Hawks Posted January 5, 2015 Share Posted January 5, 2015 Added a little to my positions in bac, c, ssw, phg, ffh. Link to comment Share on other sites More sharing options...
buylowersellhigh Posted January 5, 2015 Share Posted January 5, 2015 GILD and SSW Link to comment Share on other sites More sharing options...
Lance Posted January 6, 2015 Share Posted January 6, 2015 Very small amount of GREK (Global X FTSE Greece 20 ETF) Thanks, Lance Link to comment Share on other sites More sharing options...
LowIQinvestor Posted January 6, 2015 Author Share Posted January 6, 2015 My outstanding buy order on IBM was just filled! $155 is a good price in my mind. Link to comment Share on other sites More sharing options...
Lance Posted January 6, 2015 Share Posted January 6, 2015 Added to my IWM short and bought small amounts of EWI (iShares MSCI Italy Capped ETF) and PGAL (Global X FTSE Portugal 20 ETF). Thanks, Lance Link to comment Share on other sites More sharing options...
KCLarkin Posted January 6, 2015 Share Posted January 6, 2015 HCG.TO Link to comment Share on other sites More sharing options...
Danger Zone Posted January 7, 2015 Share Posted January 7, 2015 Initiated a position in PM Link to comment Share on other sites More sharing options...
PatientCheetah Posted January 8, 2015 Share Posted January 8, 2015 DISCK Link to comment Share on other sites More sharing options...
Lance Posted January 9, 2015 Share Posted January 9, 2015 EWP (iShares MSCI Spain Capped ETF) Thanks, Lance Link to comment Share on other sites More sharing options...
KCLarkin Posted January 9, 2015 Share Posted January 9, 2015 HCG.TO Are you not worried about the CDN housing market? What will happen to HCG earnings if the market corrects 40-50%? I'm not done buying yet. So yes I am very concerned. Please short HCG! A few reasons why I think the concern is overblown: - Most mortgages in Canada are full-recourse. Strategic default isn't an option so a dramatic, nationwide drop (like the U.S.) is very unlikely. It also means that unemployment is the key metric to watch. As long as borrowers are employed, HCG would be able to recover a significant portion of any defaults even if houses were underwater. - HCG has a Loan-to-value ratio on its uninsured portfolio of 65%. That means that house prices would need to drop 35% and borrowers would need to default before their would be significant losses. - Why would house prices drop 40-50%? The most likely cause would be a dramatic spike in mortgage rates. Do you see any evidence of that happening anytime soon? - Unlike U.S. lenders, HCG keeps most of its loans on its own books. It has a very large incentive to maintain credit quality. - Most of HCG's loans are in Ontario. Ontario should benefit from the low Canadian dollar. Am I worried about Canadian house prices? I have been worried since at least 2000. In the meantime, HCG has grown 24% per annum. At a 10x PE for a stock growing 15% per year, I think I am getting compensated for the risk. I just wish it was cheaper. In 2013, I think I was buying it at 8x not 10x. Link to comment Share on other sites More sharing options...
no_free_lunch Posted January 9, 2015 Share Posted January 9, 2015 Thank KClarkin for your analysis. I would just add this has been consistently one of Jason Donville's top picks for years and for essentially the reasons that you listed. I wasn't aware though that they were more focused on Ontario, it definitely strengthens the thesis. Link to comment Share on other sites More sharing options...
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