Lance Posted May 22, 2015 Share Posted May 22, 2015 Bought IAU and shorted BID (Sotheby's). Thanks, Lance Link to comment Share on other sites More sharing options...
benchmark Posted May 23, 2015 Share Posted May 23, 2015 Bought BH. Sold all of my BAC '16 Leaps. Why selling the leaps now? BAC will likely go up more in the next few month -- of course, the time value will decay as well Link to comment Share on other sites More sharing options...
TwoCitiesCapital Posted May 26, 2015 Share Posted May 26, 2015 Increased allocation to PKX today by 35% in my IRA. Looking to add more. Not really a long-term view on the position as it was already one of my larger ones but I'm trying to get favorable tax treatment on the position since it's fallen so much from my cost basis (around $70). I'm buying shares in my IRA with the intent of selling the same number of shares in my taxable account at a later date (probably in the next 3 months or so). Therefor, my exposure to the name will be elevated for the next few months as I accumulate shares in the IRA and wait to sell the shares in the taxable account to maximize the tax benefits. Link to comment Share on other sites More sharing options...
gokou3 Posted May 26, 2015 Share Posted May 26, 2015 SDRXN (Sandridge Energy Inc Conv PFD 7% Perptl) Thanks, Lance May I ask your rationale for buying SDRXN? Also, did you consider SDRXP as well? I am currently looking into buying SDRXP. Do you worry about them suspending the common-stock dividend altogether? Link to comment Share on other sites More sharing options...
Lowlight Posted May 27, 2015 Share Posted May 27, 2015 AIQ today. Plan to add to OPY tomorrow (hopefully below $25). Will probably add a little to AIQ if it falls again. Link to comment Share on other sites More sharing options...
randomep Posted May 27, 2015 Share Posted May 27, 2015 Karelia Tobacco (Greece) Link to comment Share on other sites More sharing options...
kab60 Posted May 27, 2015 Share Posted May 27, 2015 Fossil inc Link to comment Share on other sites More sharing options...
TwoCitiesCapital Posted May 27, 2015 Share Posted May 27, 2015 Sold short July $0.50 puts on ACI for $0.09 in my low P/B portfolio to put some of my cash to work. 18% yield for less than two months exposure for an equity that trades at just 7% of stated book value with a current ratio of 2.5x seems like a decent short term scenario to me. Working to restructure debt due years out and bankruptcy is not currently being considered. Owned the name before at $0.80 and sold out using call options for a total of $1.10 a month later. Hard to not want to keep entering this name and collecting volatility premiums from puts/calls while waiting for the news to hit. Link to comment Share on other sites More sharing options...
wescobrk Posted May 28, 2015 Share Posted May 28, 2015 I bought more mcf today at $13.80. Now I need to figure out how to raise some cash as I get nervous when I don't have any. Link to comment Share on other sites More sharing options...
TwoCitiesCapital Posted May 28, 2015 Share Posted May 28, 2015 Sold all of my SB and rolled into an equal number of SBLK. I still like SB better, but I need some short-term losses to offset some gains this year. SB has also outperformed SBLK by about 35% over my holding period meaning I can book the losses to offset gains, increase my exposure to the dry bulk on a percentage ownership basis across the industry, pay down some margin, and consolidate in a company that is cheaper on a relative basis. Also, picked up a starting position in PDER to motivate myself to look into it more. Link to comment Share on other sites More sharing options...
no_free_lunch Posted June 1, 2015 Share Posted June 1, 2015 GUD.TO Right back to the level of 6 months ago when they announced the sale of their priority review. Still not cheap but at least we are a little further along. The company has already made 1 exit already which was quite profitable so some evidence he still "has it". Link to comment Share on other sites More sharing options...
Lance Posted June 3, 2015 Share Posted June 3, 2015 SDRXP (Sandridge Energy INC Perpetual Prefferred Convertible 8.5%) Thanks, Lance Link to comment Share on other sites More sharing options...
PatientCheetah Posted June 3, 2015 Share Posted June 3, 2015 FCX VALE Link to comment Share on other sites More sharing options...
longlake95 Posted June 4, 2015 Share Posted June 4, 2015 Well, I guess two of us own VALE! LOL. Talk about out of favour! Link to comment Share on other sites More sharing options...
TwoCitiesCapital Posted June 4, 2015 Share Posted June 4, 2015 Well, I guess two of us own VALE! LOL. Talk about out of favour! I own it in my low-P/B portfolio. I have some shares purchased back in the high 5s and some puts sold against it at 6.50. That being said - I don't know much about it. I don't do any research on these companies other than buying them under book value. Link to comment Share on other sites More sharing options...
DCG Posted June 4, 2015 Share Posted June 4, 2015 Well, I guess two of us own VALE! LOL. Talk about out of favour! I own it in my low-P/B portfolio. I have some shares purchased back in the high 5s and some puts sold against it at 6.50. That being said - I don't know much about it. I don't do any research on these companies other than buying them under book value. Do you run funds? People are paying you to put no effort into this? Link to comment Share on other sites More sharing options...
investor-man Posted June 4, 2015 Share Posted June 4, 2015 perhaps some people ought to look into buying some TACT Link to comment Share on other sites More sharing options...
TwoCitiesCapital Posted June 4, 2015 Share Posted June 4, 2015 Well, I guess two of us own VALE! LOL. Talk about out of favour! I own it in my low-P/B portfolio. I have some shares purchased back in the high 5s and some puts sold against it at 6.50. That being said - I don't know much about it. I don't do any research on these companies other than buying them under book value. Do you run funds? People are paying you to put no effort into this? its my IRA so maybe "portfolio" was misleading. Nobody pays me to be lazy except the people selling me these stocks. Link to comment Share on other sites More sharing options...
CorpRaider Posted June 4, 2015 Share Posted June 4, 2015 QVAL Link to comment Share on other sites More sharing options...
wachtwoord Posted June 4, 2015 Share Posted June 4, 2015 SE, NOV Link to comment Share on other sites More sharing options...
wescobrk Posted June 4, 2015 Share Posted June 4, 2015 I bought the last shares of MCF at $12.80. It's a full position now. So far my timing has been brilliant, ha. Link to comment Share on other sites More sharing options...
jawn619 Posted June 4, 2015 Share Posted June 4, 2015 what are you not buying today? Stocks on sale Link to comment Share on other sites More sharing options...
sys Posted June 5, 2015 Share Posted June 5, 2015 bam. Link to comment Share on other sites More sharing options...
dutchman Posted June 5, 2015 Share Posted June 5, 2015 sys, why bam? Link to comment Share on other sites More sharing options...
sys Posted June 5, 2015 Share Posted June 5, 2015 sys, why bam? bam is already my largest holding, i have a lot of confidence in the mgmt. i'm trying to position myself to be a little more defensive (probably foolishly, but it feels good) and bam has come down a little, presumably off the news that they're raising capital. i think they'll put the capital to good use, so i have no problem with them raising money. Link to comment Share on other sites More sharing options...
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