Bud's Poem Page
  Katie's Coast2Coast Blog
  Katie's West Coast Blog
Lemley Yarling Management Co
309 W Johnson Street
Apt 544
Madison, WI 53703
Bud: 312-925-5248       Kathy: 630-323-8422

November 28, 2014

Model Portfolio Value As of 28 November 2014

$ 762,818

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

Model Portfolio Value As of 21 November 2014

$ 756,887

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

Model Portfolio Value As of 14 November 2014

$ 753,554

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

Model Portfolio Value As of 7 November 2014

$ 750,193

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.




































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

For Information on RBC LLC SIPC and Excess SIPC protection http://www.rbcadvisorservices.com/partner/testimonials/cid-161786.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 http://www.rbccorrespondentservices.com/cid-112218.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


309 W Johnson Street Apt 544 Madison, WI 53703 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.