Bud's Poem Page
  Katie's Route 66 Blog
  Katie's Coast2Coast Blog
  Katie's West Coast Blog
  Katie's East Coast Blog
Lemley Yarling Management Co
15624 Lemley Drive
Soldiers Grove, Wi 54655
Bud: 312-925-5248

Comments on activity in client accounts

15 December 2017

We realized a nice trading profit in at&t and will look to reenter if the soap opera send the shares lower in the New Year. We added to other positions with the money from the at&t sales but didn't add any new issues.

Our holdings mentioned last week remain the same.

Accounts have improved but are still down for the year. There seems to be some migration to value which has benefited us and we remain positive on the markets for at least the next few months. There may be some profit taking early in the New Year but we continue to expect the resolution of the at&t soap opera to mark the top. The Disney/Fox merger of assets presents on conundrum for the Justice Department's opposition to the at&t/Time Warner merger. But never let it be said that consistency in decisions cannot be overridden politics. The Trumpster loves Fox and hates CNN.

Surprise- first positive comments on Under Armour in a while- but not yet a stampede.

https://www.barrons.com/articles/under-armour-back-on-track-in-2018-1513349329?mod=yahoobarrons&ru=yahoo&yptr=yahoo

8 December 2017

The markets meandered higher this week. Our accounts did also although not as much since Ascena decided to retreat on earnings news. We have been adding and readjusting accounts with the same issues we own which are;

at&t, Macy's, Target, Ascena (Ann Taylor. Lane Bryant, and Justice), Dicks Sporting Goods, Abercrombie, Chico's, UnderArmour, Hain Celestial, Merck, Celgene, Ulta Beauty(purchased this week in a few accounts), Walgreen Boots, Rite Aid, Deutsch Bank, Marathon Oil, Apache Oil, Devon, Haliburton, General Electric, Ford, Juniper, Hewlett Packard Enterprises, AMD (added this week) and 3D.

Bitcoin remains the topic du jour and futures trading begins on Sunday night which will allow the big boys and girls to short the item. Bitcoin is an accident waiting to happen.

A good aspect of the frothy trading is that Bitcoin has absorbed a lot of the speculative frenzy that might have been directed towards stocks and since it is merely a gambling tool al Las Vega on a computer the overall effect of its trading action should not affect the stock market. When futures begin trading if JP Morgan and Goldman Sachs et al let the big boys and girls in on the action the danger to the markets will surely increase. Below are various articles. We are stressing this activity because it is a maybe future not present worry.

https://www.wsj.com/articles/wall-street-banks-hit-pause-button-on-bitcoin-1512674703

Under Armour:

https://www.benzinga.com/news/17/12/10874313/could-under-armour-have-its-fundamentals-on-track-in-less-than-a-year

GE:

https://www.marketwatch.com/story/ges-stock-nears-golden-support-as-charts-signal-worst-may-be-over-2017-12-04?mod=cx_picks&cx_navSource=cx_picks&cx_tag=other&cx_artPos=7#cxrecs_s

We have some barn cats we will provide for much less cost.

https://techcrunch.com/2017/12/03/people-have-spent-over-1m-buying-virtual-cats-on-the-ethereum-blockchain/?utm_campaign=Dealbreaker%20Opening%20Bell&utm_source=hs_email&utm_medium=email&utm_content=59032709&_hsenc=p2ANqtz--Az1qhRBgccJl8rrDzGMTx1ItUGtipd0rgyOVmjeAowA4y4RyPkvDGxoyxfGquzZCAj5A84Ltcr6xToUIedCYU7Zf__g&_hsmi=59032709

*****

1 December 2017

Our accounts recovered a bit during the week even as Tech and Concept stocks endured some selling and some of that or new money seemed to move to depressed value stocks and oversold retailers.

We did switch our XOP holding to Devon and Apache as oil continued to move higher on news that OPEC is going to continue to restrain production to absorb the glut that was created last year when the Saudis began pumping all the could.

Other that those actions we continue to adjust accounts and will be repurchasing some of the issues we sold November 1. All have reported earnings and we have a better handle on their near term outlook.

Rite Aid popped on news that the transfer of stores to Walgreens is proceeding and should be completed by spring.

https://finance.yahoo.com/news/rite-aid-announces-first-closings-211500009.html

Under Armour

https://www.benzinga.com/analyst-ratings/analyst-color/17/11/10834296/for-under-armour-the-bull-vs-bear-debate-continues

*****

New Fed Chief on Bitcoin:

"We are watching all of those technologies. It's something we have to do, I think, and it's something that's actually enjoyable and interesting to do. "

This is the fellow charged with protecting money. Reminds of Greenspan claiming the tax cut was OK in 2001 because the government needed to have debt (T bills and T bonds) for banks and folks to buy.

An accident waiting to happen: There is no value to bitcoin except as a betting mechanism. As long as banks and major investment firms don't get involved, the systematic danger doesn't exist. But when have banks and the big boys and girls ever resisted the temptation to skim profits from the little guys and gals?

http://www.businessinsider.com/bitcoin-price-futures-trading-exchanges-cftc-2017-12

And

https://dealbreaker.com/2017/11/jerome-powell-too-much-fun-bitcoin-nuts/

And

https://www.bloomberg.com/news/articles/2017-11-26/bitcoin-surges-past-9-000-as-euphoria-reaches-a-fever-pitch

And

https://www.benzinga.com/fintech/17/11/10833824/the-huge-moves-in-marathon-patent-group-and-riot-blockchain-show-traders-hung

And

https://finance.yahoo.com/quote/RIOT/profile?p=RIOT

*****

 


Comments on activity archives

2017
2016
2015
2014
2013
2012
2011
2010
2009
2008
2007
2006
2005
2004
2003
2002
2001

FAIR USE NOTICE

This site contains copyrighted material the use of which has not always been specifically authorized by the copyright owner. We are making such material available in our efforts to advance understanding of environmental, political, human rights, economic, democracy, scientific, and social justice issues, etc. We believe this constitutes a 'fair use' of any such copyrighted material as provided for in section 107 of the US Copyright Law. In accordance with Title 17 U.S.C. Section 107, the material on this site is distributed without profit to those who have expressed a prior interest in receiving the included information for research and educational purposes. For more information go to: http://www.law.cornell.edu/uscode/17/107.shtml. If you wish to use copyrighted material from this site for purposes of your own that go beyond 'fair use', you must obtain permission from the copyright owner.


Website Information

Check the background of this firm on FINRA's BrokerCheck

For Information on RBC LLC SIPC and Excess SIPC protection https://www.rbcwm-usa.com/legal/rbc-cs/cid-319579.html.

For those clients of LY & Co and other interested persons the Quarterly Report on the routing of customer orders under SEC Rule11Ac1-6.
For Quarter Ending 09/30/2002 For Quarter Ending 12/31/2002 For Quarter Ending 03/31/2003
For Quarter Ending 06/30/2003 For Quarter Ending 09/30/2003 For Quarter Ending 12/31/2003
For Quarter Ending 03/31/2004

All SEC Rule11Ac1-6 Quarterly reports up to March 2, 2012 may be found by visiting the diclosures at LY& Co Clearing Broker Mesirow Financial at: http://www.tta.thomson.com/reports/1-6/msro/.

From March 2, 2012 forward all SEC Rule11Ac1-6 Quarterly reports may be found by visiting the website https://www.rbcwm-usa.com/legal/rbc-cs/cid-360855.html.


Annual offer to present clients of Lemley Yarling Management Co. Under Rule 204-3 of the SEC Advisors Act, we are pleased to offer to send to you our updated Form ADV, Part II for your perusal. If any present client would like a copy, please don't hesitate to write, e-mail, or call us.

A list of all recommendations made by Lemley Yarling Management Co for the preceding one-year period is available upon request.


Business Continuity Plan

https://www.rbcwm-usa.com/legal/rbc-wm/cid-277883.html?_ga=2.135033585.173888424.1512949149-1756823932.1512949149

15624 Lemley Drive Soldiers Grove, Wi 54655 312-925-5248
The factual statements herein have been taken from sources we believe to be reliable but such statements are made without any representation as to accuracy or completeness or otherwise. From time to time the Lemley Letter, or one or more of its officers or employees, may buy and sell as agent the securities referred to herein or options relating thereto, and may have a long or short position in such securities or options. This report should not be construed as a solicitation or offer of the purchase or sale of securities. Prices shown are approximate. Past performance is no indication of future performance.