alertmeipp

I saw the insiders have been selling this heavily, any reason why?

I just bot a token position mainly coz it is down a lot since was mentioned here. Anyone know what is up with the company? The recent report is not like super bad.

I sold my remaining pfds (tiny position anyways) - I think the risk outweigh max 2x potential here

The way I see it there are two main risks (1) Russian government confiscating Lukoil assets (2) Russian government imposing restrictions on foreign holders of Russian businesses Given that we have an owner operator who has the benefit of learning from Yukos, I would think risk #1 might be somewhat low. However, if there are financial sanctions and asset freezes imposed by west due to Ukraine situation, #2 may be a significant risk. I do not think we can really assess these risks and we just need to manage it with position sizing. Anyway you measure it, it is trading at about 4x average earnings of the last three years. These are all in and what could be considered pretty normal level of earnings - if oil prices hold. I think the above risks are more than priced in. Vinod I tend to agree, I actually put in a bid today but was too low.

Bought Lukoil. But not sure if I am investing or making a donation to Putin. Vinod You don't think Putin will harm this further one way or another? I was tempted as well.

guys, this site is more than fine, please dont make this thing more complicated than it should. The kiss principle applies here Little improvement over time is fine, dont do a yahoo here. Please.

if you have that and Sears, will be a soso day. yes, i am one of those ppl

in canada, the most common mortgage term is five year fixed which will likely be problematic for those that stretch themselves during this abnormal low rate period. Talk about asset liability term dismatch.

ha, and we are talking about buying short term put and timing vix

I hope you guys don't invest in FFH because of its hedge. FFH will likely go lower if the market goes south, at least for awhile.

Thanks, nice overview on VXX.

+1. Let the discussion continue on whether it makes sense to hedge or not but it sure feels nice to have no impact on your portfolio when the markets go down 2%+, especially when you are at that time trekking in northern thailand's jungle! :d It sure feels good when you timed it right... the thing is how often you timed it right. If one has the ability on timing (some do), there is much better way to make money than doing "hedges" I give him credit. He timed it perfectly and he had a reason...WSBASE...he called it on the way up too. you are very kind. However, there is a big difference in predicting a major turn in the market and making money on that prediction. Our hedge is tricky. I don't have the guts to in effect go short with TRS as Watsa did because of the huge adverse movement if the market against all reason continues to go up. We started out in mid January with slightly OTM Feb SPY puts. These waffled back and forth mostly under water until the last few days of Jan. Today, we closed out the last of these with a nice gain. In the meantime, we have been rolling about two thirds of these gains farther out on the volatility curve, buying March and then April SPY and IWM puts that are longer dated and a little bit farther out of the money than the February puts when we first bought them. We also took some $$ off the table so that if the market is sluggish to decline or pops back up, we won't lose money on the hedge. Now, if the market goes down fast or a lot, the greater volatility exposure will give us an extra kick. :) twacowfca, Nice. So, I switched some of my VXX to SPY puts (my logic is the VXX up alot while market actually did hold up well - so VXX is overpriced?)... is that a right thing to do? TIA.

Of coz, he is one of the few who can time it right. I am one of the many who can't.

Well, and I got more FTP.TO today. Not without risk but the risk / reward is getting very asymmetric. Chad laid out the non-DP business really well in the recent presentation, and the cost cutting and loonie will help the DP business quite a bit going forward.

PWE Awesome deal, lol.

not all cotton are equal. China holds tons of inventory but most gender no interest coz of quality issues.

+1. Let the discussion continue on whether it makes sense to hedge or not but it sure feels nice to have no impact on your portfolio when the markets go down 2%+, especially when you are at that time trekking in northern thailand's jungle! :d It sure feels good when you timed it right... the thing is how often you timed it right. If one has the ability on timing (some do), there is much better way to make money than doing "hedges"

FTP.TO and SHLD. Closed out VXX, still holding some SPY puts. Don't think the world is ending. In contrast, we are in growth mode based on some of recent #s.

Today, C out-performed BAC, this happen rarely, as u know, BAC is considered a must have for many funds now.

Frankly, I don't know what in particular I am looking for. I just feel that in IT (Software Development) after 10 year or so, a few more year of experience won't get you much more. And the technology is changing so quick. So how do you like be a trader? And why do you take CS at the first place but not finance?

I saw that many of you are in either software development or engineering fields.... have you ever considering to get a job in finance area? If not, why not? If yes, what're the steps you are taking? For those that are in the finance field, what does it take to get a 6 digits job in finance (in Canada)?

C - What is happening at emerging market exactly.. I check Turkey's currency, it's down a few percent... but seems not that much.. and what else?

I wouldn't say foolish. I thought it was pricey few years, wish I have bought then. You never know. Can't look at a house a pure investment, especially nice location.

when will this "bubble" actually burst? How many years we have to wait? I am not shorting anything for this, I just want to buy a house cheap in Toronto. :)

No worries, that's the future for today, not next Monday. (I mean the 300 pts is today's drop) Future is indeed lower than todays' close tho.