November 28, 2014
Comment on Model Portfolio activity
We added AT&T and Verizon as trades when the dropped
unexpectedly on Monday. We sold the Verizon on Friday for a better than
quarterly dividend profit. We also bought more Sprint.
Oil continues its plunge as do gasoline prices. Those events
are good for folks if not for the oil companies. But the drop in oil company
share prices is providing a trading opportunity.
And so we placed the AT&T and Verizon money in British
Petroleum and Marathon Oil which are on their lows because
of the oil price drop.
We sold half our Abercrombie and Ascena positions ahead of
earnings next week in a ‘hope we are wrong’ trade. And we eliminated
half our GM B warrants with the same thought.
We sold Juniper and Sprouts for nice trading
profits
We remain watchful and patient in picking our spots.
*****
November 21, 2014
Comment on Model Portfolio activity
During the week we repurchased DreamWorks, switched Cisco with a
profit to Juniper and added to Sprint. We also had a quick and
profitable one day trade in Urban Outfitters.
China cut interest rates on Friday which gave the meandering
markets a boost. With Thanksgiving next week (usually an upper)
the downward correction we were looking for has probably been
delayed if not eliminated for the year.
We remain cautious as the stocks leading this move remain
the no earnings wonders.
*****
November 14, 2014
Comment on Model Portfolio activity
During the week we repurchased our Abercrombie position down $6 for
where we sold the week before. We also added Cisco on a decent earnings
report and more Sprouts. We took a loss on JC Penney ahead of earnings
and we are hopefully out of that thrice burning name for the duration of our lifetime.
Markets remain firm and Oil weak never to return to $100 a barrel.
Right. The taking heads now propound that low oil prices are bad for the
economy. Only folks driven to work in limos they don’t pay for would take that view.
*****
November 7, 2014
Comment on Model Portfolio activity
We raised cash Thursday after
the meager post-election pop. The pattern for the majority of the last ten
years has been that after the rally off the October lows another test occurs
mid-November to mid-December. We may be being too cute but we don’t think we
are risking much gain to increase our buying power at this time.
The October lows were made in
the media nonsense rage over Ebola killing everyone, ISIL
invading the U.S. through Mexico, Russia
taking over Ukraine and the European Common
market going down the drain.
Could that have been election
hype-scaring?
The reality is the markets are
at an all-time high; Unemployment is 5.8%; the annual budget deficit is
shirking; and Europe and Japan are
even lowering interest rates with Japan
buying stocks. Too bad.
And so our guess is that
normal market trends my control for a while.
During the week we took a very
nice profit in Whole Foods making almost enough money to afford at least one
shopping trip. We also avoided disaster in Abercrombie by luckily selling at a
wash loss the day before the company announced same store sales down 12% for
the quarter. We traded Sprouts Food Market by selling the day before earning’s
and buying back lower the next day. We had a small profit on the trade. We sold
Huntington, Alcoa, GM common and Juniper
for varying gains.
We may be repurchasing some of
them if the markets allow at some point in the next month.
*****
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
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