Thursday, January 31, 2013
Wednesday, January 30, 2013
Tuesday, January 29, 2013
Monday, January 28, 2013
Friday, January 25, 2013
The company just acquired 675 acres of land, so if we just get 1200 houses out of this and sell for $250,000 it could add $300 million in sales to the top line...
If we get 2700 houses and sell for $150,000 this could add $405 million in sales to the top line...
One acre equals 43560 square feet, so we can get a lot more houses out of this.
Earnings announcement on 31 January 2013...
Thursday, January 24, 2013
Wednesday, January 23, 2013
Tuesday, January 22, 2013
AMD $2 Call with effective selling price of $2.58
NMR $5 Call with effective selling price of $5.95
SEED $1 Call with effective selling price of $1.50
FULT $12.50 Call with effective purchase price of $10.36
JBLU $7.50 Call with effective purchase price of $6.0277
NLY $16 Call with effective purchase price of $14.80
NOR $7.50 with effective purchase price of $6.5077
XIN $5 Call with effective purchase price of $3.8177
JRCC $3 Put
PQ $4 Put
PKD $5 Put
Friday, January 18, 2013
Thursday, January 17, 2013
That must be the question on everyone's mind.
One major metric I saw on CNBC today is that there are still over 10 million mortgages that are 'under water' - roughly 26% of the market.
The question is whether these people will continue to dig in their heels - or will some of them become foreclosures in the near future?
It seems my market top has come early and one thing I regret is not selling calls on more stocks when I had the chance. This, of course, is in retrospect.
My Roth IRA has increased circa +24% over the past three months and over +42% over the past six months after having dipped to record lows and effectively deemed a graveyard portfolio a year before.
If the market somehow continues to trend higher, I will continue to sell calls and puts. But if it goes down, am I protected?
As it stands today, my daily Roth IRA loss of -0.77% is negatively correlated with the broader stock market indices.
Dow Jones Transportation Average +0.66%
Is this the basis for a cautionary tale or a buying opportunity?
Only Bernanke can tell...
Tuesday, January 15, 2013
P/S and P/B both below 1 and Monsanto has been a name that people have been talking about a lot on CNBC. If agriculture really goes up some more, SEED could be also be lifted up with the entire industry.
Also, it is trading near enough to its 52WL...
52WH is at $4.49, so like the risk:reward ratio - even if it only tests 50% Fib level of $2.895...
Monday, January 14, 2013
Since HWD is only selling the Harry Winston brand, could its mining assets become the target of a second acquisition some time in the future?
I don't want to let go of my shares just yet and will try to sell some calls on HWD if the price is right. I'm targeting higher levels than the pre-market high of circa $18 this morning.
My dreams of a merger between TIF and HWD have been officially dashed!
Swatch to Buy US Jeweler Harry Winston for $1 Billion
"The deal doesn't include the mining activities of Toronto-based Harry Winston Diamond Corp., Harry Winston's ultimate parent. Harry Winston Diamond Corp. will change its name to Dominion Diamond Corp. when the transaction is completed."
Friday, January 11, 2013
Wednesday, January 9, 2013
My vote's for Bernanke...
Tuesday, January 8, 2013
Monday, January 7, 2013
Friday, January 4, 2013
Potential 21.5% return on options expiry...
Effective purchase price of $3.14 if assigned...
I noticed a tonne of call open interest and comparatively few puts, so the market may gravitate towards the upside.
P.S. Here's a snapshot of open interest as of now. Note thousands of contracts on the call side and only hundreds of contracts on the put side.
Wednesday, January 2, 2013
If it doesn't make sense when translated into Chinese, it doesn't make sense in Congress...
Fiscal Cliff Deal: Three More Fiscal Cliffs Are Looming (Courtesy CNN...)