Welcome Back Old Friends

JImage result for welcome backust a couple of weeks ago, actually not even that long ago, I bid a farewell to an old friend, whose name I always had difficulty in spelling.

That was Weyerhaueser.

Today, along with LuLuLemon, I welcomed it back.

In my ideal world, at least when it comes to stocks, that is what I would be doing again and again.

A couple of years ago it was that way with Twitter. read more

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Copyright 2017 TheAcsMan

Goodye, Undistinguished Friend

Sometimes, when you take a superficial look at things, you really don’t see the beauty.

I have to admit that while I’m not a real glossy person in life and while I’ve never been one to look for thrills or seek to stand out, I do like stocks that have character.

In a perverse way, I think that I may even like stocks that treat me poorly.

There is probably a name for that sort of thing and there is probably a diagnosis that goes along with the propensity to get some joy out of misfortune.

In case you don’t know the term, it is Schadenfreude.

This week, though, it was a different Germanic word that came to mind, as I marked the end of an almost 2 year association with the shares of Weyerhaeuser.

During that time, I never really even learned how to spell its name without having to look it up, even as “Schadenfreude” comes as second nature. read more

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Not a Gold Bug

Image result for gold bugI am definitely not a gold bug.

I definitely do hate bugs, though and I do like gold.

With the latter, only in moderation, but I’m liking gold more and more.

For each of my son’s college graduations they received some one ounce gold coins, representing the first time I had ever purchased gold in any form, other than jewelry.

Those turned out to have been good investments and some of those coins have already been cashed in and turned into other good investments.

But what I have really come to enjoy have been the gold miners. read more

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Why Did You Do That?

Image result for confusedIn the final 30 minutes of trading today, as the monthly option cycle was coming to its end, I made one last trade for the day.

I had already surprised myself by not paying attention to the strategy I was planning to execute this morning with Marathon Oil.

I further complicated matters by actually opening 2 new positions today, something I don’t do very often to end the week, unless one of those shares is going ex-dividend to start the coming week.

I also ate into my cash reserves.

Confusing.

Add to that the final trade.

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Why Do Today What You Can Put Off Until Next Week?

Image result for delayJust a few hours ago I made a pretty good case for breaking one of my rules.

That rule was to treat individual lots of shares in a given stock as individual positions.

Doing that means selling calls on each position based upon its own strike price and profit goals.

I had my eyes on adding more shares of Marathon Oil today if it tested the $15.50 level.

With a $16.50 strike expiring this afternoon on shares that had a $15.60 break even, the idea was that if I did add more shares of Marathon Oil I would just combine the 2 lots, which happened to be of equal size and then look to sell $16 strikes on Monday. read more

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Torn Between Two Lovers

Image result for torn between two loversDoes anyone remember this song from Mary MacGregor?

It raised a few eyebrows when it came out almost 41 years ago.

Putting fantasies aside for a moment, I’m torn between two loves at the very same moment, sitting here wondering what comes next.

That wonderment isn’t unusual. There isn;yt a day, and I don’t think there hasn’t been a day that I can recall when that wonder wasn’t in abundance.

Now that rates have risen for the second time in 3 months and as it seems that there is some ambivalence about continuing that post-election rally, I’m torn between the financing goals that appeal to me the most. read more

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Retail Me Yes

About 5 years ago, maybe a little less, but at this point I don’t feel a sense of obligation to go through my data, I was way over invested in retail.

As someone who really does believe in diversity, I wasn’t too happy about carrying that much retail liability, especially as those shares weren’t faring too well.

Like just about everything else, there are periodic ups and downs.

Individual stocks behave that way, as do sectors.

Markets, too.

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If You Like Uncertainty……

If you like uncertainty, you may really love what’s ahead.

Of course, no one ever knows what is ahead, but I’m certain that it won’t be as certain as the market’s climb since Election Day.

Coming on the heels of Wednesday’s 300 point gain, today’s triple digit loss was muted, unless you were in metals and perhaps energy.

Those two certainly helped me out a lot in 2016 and had been pretty good to me in 2017, as well.

I put quite a bit of money into retailers in the past two weeks following the post-earnings swoons in L Brands, Target and Best Buy.

Abercrombie and Fitch, on the other hand, was just a lucky call, as it didn’t nosedive after poor numbers.

There was one other trade in the week that I didn’t report, because it was made in the final minute of trading on Tuesday and it didn’t involve the immediate sale of call contracts.

That was for Las Vegas Sands, which subsequently soared on Wednesday at which time I did sell some weekly calls, only to watch those shares give up much of their gain today.

But that’s the theme of what I really want to talk about.

If you don;t quiver too much, there have been some really good opportunities in some down beaten stocks.

You may have followed my recent trades in and out of Cliffs Natural Resources, for example. read more

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Back From Vacation

This may be a little hard to believe, but the past 2 weeks have been the first “real” vacation that I’ve taken since retirement.

That “retirement” was about 6 years ago.

While I have gone away during that time, including a nice trip to England, at which time I had the good fortune of surviving a heart attack, I never had my laptop away from my side.

My wife still jokes about how I was unplugging monitors in the hospital to plug in that laptop and cellphone.

I don’t find it as funny as she does, however.

One of the really nice things about having pivoted away from the old subscription service (I can’t use its name for a year) is that I don’t really have any obligation to write something every day.

And so, I didn’t for the past 2 weeks. read more

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All the Kremlin’s Victims

The list of murders laid at the feet of Vladimir Putin has gotten so long now that you need a chart to keep track of them. That’s just what the Association of Former Intelligence Officers produced in a recent edition of its quarterly bulletin, The Intelligencer. To be sure, AFIO, which represents 4,500 former CIA, FBI… read more