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HTF TRYING TO BUY MORE HORIZON TECH.

August 30, 2016

HTF has gone ex-dividend and we want to add to this position…..which we already own.

But they are keeping the price very high.  We have entered a BUY limit order at $25.36 and do NOT want to pay more.  If the price does not come back, just forget about trying to add.  The demand for yield positions is keeping prices too high.

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LAUGH OF THE DAY

“Director of First Impressions”

The above job listing on Craigslist.  A receptionist in today’s world is now a Director, and pays $12.00 LOLOL

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As old fogies we find looking at pictures of food and stupid videos on Facebook rather gross….and an extreme waste of time.  Instead of staring into the phone all day long, why not do something constructive?  Like maybe read a book?

We were really stunned in reading the Facebook article in Sunday’s New York Times.  Of course we knew that FB was extremely popular, especially in the younger crowds.  They can’t stay away.  It must drive employers crazy.

With the high readership levels, we have to wonder why the hell we didn’t start this blog on Facebook instead of this little hosting service.

Here are some excerpts from the article:

“A Pew study found that 44 percent of Americans read or watch news on Facebook.”  WOW!

“US Uncut, a left-leaning Facebook page and website with more than 1.5 million followers, about as many as MSNBC”  WOW!

In reality we are glad that people are getting away from the ultra liberal lame-stream press…maybe they will find the truth instead of the propaganda on NBC and CNN.

 

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BUYING BOND MDLX. POLLING IS HARD!!!

August 29, 2016

After a long hot no action summer we have been making changes in the Core Portfolio.

Due to stupid Fed rulings the medical marijuana position tanked and we sold at a loss.

We sold two other positions (at small profits) because of declining momentum and some illegal activities of a position.

And we have been unable to add to current positions on ex-dividend dates because yield investors keep driving prices beyond what we feel are reasonable.  We are still watching APU to BUY at a lower price.  Overall the entire Core Portfolio is acting very well and delivering nice dividends.

But we continue on the look-out for potential winners.  We are making another attempt on a new baby-bond issue. (exchange traded debt)

We are buying the bond MDLX paying 6.87% and maturing in 2026.  The first call date is 2019.

Here is some information from the website:

“Medley is a credit-focused asset management firm offering yield solutions to retail and institutional investors. Medley’s national direct origination franchise, with over 80 people, is a premier provider of capital to the middle market in the U.S. Medley has over $5 billion of assets under management in two business development companies, Medley Capital Corporation (NYSE: MCC) and Sierra Income Corporation, as well as private investment vehicles. Over the past 14 years, we have provided in excess of $6 billion of capital to over 300 companies across 35 industries in North America.”

Here is a very detailed article if you want more information:

http://seekingalpha.com/article/4001515-hidden-earning-power-medley-management

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Do you believe the polls???

The second unsettling trend is the rapidly declining response rate. When I first started doing telephone surveys in New Jersey in the late 1970s, we considered an 80 percent response rate acceptable, and even then we worried if the 20 percent we missed were different in attitudes and behaviors than the 80 percent we got. Enter answering machines and other technologies. By 1997, Pew’s response rate was 36 percent, and the decline has accelerated. By 2014 the response rate had fallen to 8 percent. As Nate Silver of fivethirtyeight.com recently observed, “The problem is simple but daunting. The foundation of opinion research has historically been the ability to draw a random sample of the population. That’s become much harder to do.”

Here is full article:  http://libertyblitzkrieg.com/2016/08/17/new-york-times-op-ed-issued-dire-warning-about-polling-in-2015/

 

 

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SELL TANNL. CANCEL APU ORDER. BUY MDLX.

August 25, 2016

(UPDATE FRIDAY:  We suggest you cancel the APU order for now.  We will wait and watch as it appears the price may decline further than anticipated, which would be good for us.  We still want to buy, but waiting is the best option right now.)  We are buying MDLX today:  details to follow Monday.

(Update:  We are maintaining a buy order for APU at $45.00.  The momentum is strongly down and we want to buy, but at lower prices.)

In this over-heated market we are NOT inclined to take any chances.

The momentum on TANNL is declining.  The stock (TA) on the parent Company is down.

We have a small profit and we have one dividend payment coming Aug 31.  SELL today.

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APU OFFERS HUGE YIELD. TRY TO GET AT LOWER PRICE.

August 24, 2016

The oil and energy business has been such a disaster that we have been avoiding even looking at positions.

But today we are taking a peek at AmeriGas Partners.  Why?  Because it pays a very nice dividend of 8%.  In today’s low interest environment that gets your attention.

APU is basically stable and is now trading right around the midpoint of the last five years.  It recently went ex dividend at $49 and is now at $46.

So we are placing a BUY LIMIT order at $45.00 buying a small position in APU and will ADD if it continues to act well.  APU may come back to $45 so wait and watch.

AmeriGas Partners, L.P. distributes propane and related equipment and supplies in the United States. It serves approximately 2 million residential, commercial, industrial, agricultural, wholesale, and motor fuel customers in 50 states through approximately 2,000 propane distribution locations. The company’s propane is used for home heating, water heating, and cooking purposes; to fire furnaces, as a cutting gas, and in other process applications; as a supplemental fuel and motor fuel; and for tobacco curing, chicken brooding, crop drying, and orchard heating applications. It markets propane primarily under the AmeriGa dp esoy smf esyvj/, America’s Propane Company, Heritage Propane, Relationships Matter, and ServiceMark trade names.

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The corruption at the Clinton Foundation is finally hitting the mainstream media.

It is important to keep in mind what the Clinton Foundation mainly does: It does precious little in the way of actual philanthropy ($9 million worth out of $140 million in revenue for 2013) but instead spends almost all of its money on salaries and travel expenses for various Clintons (including Chelsea Clinton, now its vice chairman), Democratic allies, toadies, flunkies, hangers-on, and assorted minions. It is a full-employment sinecure program for friends and family of the Clinton political operation, and very little more.

Read more at: http://www.nationalreview.com/article/439258/hillary-clinton-huma-abedin-troubling-questions-influence-peddling-corruption

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NEW TICKER LANDP

August 19, 2016

Our recent recommendation GLLTP has now converted to the permanent ticker LANDP…and is trading at $25.70!!!!!!!  This is bat-shit crazy stuff.

We were unable to get GLLTP under $25.15 and it has now been driven sky-high.  Very suspicious activity.  We will keep a buy order at $25.15 for now.

This is a good example of what is happening in this over-heated market.  Yield seekers are driving up prices way beyond reasonable levels:  SEE OUR THOUGHTS BELOW.

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We now have approximately 69 positions in the Core Portfolio.  Under normal circumstances this would be way to many to track and monitor.  But 50 of them are long term corporate bonds that are rarely sold or called.  Easy yield in our opinion.  And almost all of them are doing very well.  We closely track the remaining 19 positions but again most of these are bonds which are rarely sold.

We feel the bond and stock markets are over-valued.  Right or wrong we are ready to sell most or all positions if and when the circumstances change.  Having lived through the last stock market correction /massacre we are taking NO chances on losing again.

BUT so far so good.  We have done very well in 2016 primarily due to the never-ending low interest rate cycle, stock buy-backs pushing prices higher, Quantitative Easing (printing money), and the extreme demand for high yielding investments by high income seeking investors.

A number of high profile financial advisors, money managers, and banks have suggested getting OUT OF THE STOCK MARKET.  We agree.  We hold almost no stock positions.  If you own stocks be sure and have sell limit orders in place.

Bottom line:  it is doubtful anything drastic will occur until after the elections.  But we are NOT complacent.

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WE SOUND LIKE A BROKEN RECORD

August 18, 2016

Image result for broken record

We are sounding like a broken record…we repeatedly have been recommending you buy gold.

Gold continues moving up.  The momentum is UP.

GGN is paying over 12%.  What more could you ask for.

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It does look odd:

Hillary Clinton just wrapped up her one public appearance for the day, and she has nothing else scheduled until Sunday.

With 83 days to go, what’s she doing for the next 96 hours?

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Not that many years ago, very few people believed that the media was biased to the liberals.  Well now it has become SO obvious that nobody can deny it.

Sometimes you learn some facts that presents a spin that you really had not thought about before.  The following is from http://www.investyourself.com, a site that we mention often….we suggest you sign up for their newsletter:

Finally, if you want to see who’s in bed with whom, and why they’re so “pro Hillary” consider….
NBC Senior Deputy Political Editor Mark Murray is married to Obama appointee Sasha Johnson (who also worked for CNN), who is chief of staff at the FAA.
ABC News executive producer Ian Cameron is married to Susan Rice, National Security Adviser.
CBS President David Rhodes is the brother of Ben Rhodes, Obama’s Deputy National Security Adviser for Strategic Communications and is an Advisor on the Joint Comprehensive Plan of Action with Iran.
ABC News correspondent Claire Shipman is married to former White House Press Secretary Jay Carney
ABC News and Univision reporter Matthew Jaffe is married to Katie Hogan, Obama’s Deputy Press Secretary
ABC President Ben Sherwood is the brother of Obama’s Special Adviser Elizabeth Sherwood
CNN President Virginia Moseley is married to former Hillary Clinton’s Deputy Secretary Tom Nides.

Associated but not related:
ABC News Anchor George Stephanopoulos, Clinton’s White House Communications Director and press secretary
PBS Chief of Staff Julie Anbender, Clinton’s Deputy Director of OPA and DOJ
Comcast-ABC Senior VP, Government Affairs Meredith Baker, Bush’s and Obama’s Commissioner, FCC
CNN News correspondent, Yul Kwon, Obama’s Deputy Chief CGAB, FCC
PBS Host, Yul Kwon, Obama’s Deputy Chief CGAB, FCC
CNN Department Assignment Manager, Joe Lockhart, Clinton’s Press Secretary CBS VP, Corporate Communications, Lisa Caputo, Clinton’s Press Secretary, First Lady’s Office.
Just sayin….

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CLICK HERE FOR Core Portfolio SHOWING current holdings===WARNING:  MOST OF OUR POSITIONS ARE INTEREST RATE SENSITIVE.  IF RATES GO UP QUICKLY WE WILL WANT TO START SELLING.

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SELL GWPH

August 16, 2016

The purchase of medical marijuana GWPH was a mistake. SELL.  This position collapsed today and we are glad to have had a very small position.  So the loss was minimal.

WASHINGTON/NEW YORK, Aug 11 (Reuters) – The U.S. Drug Enforcement Administration on Thursday denied requests to stop classifying marijuana as a dangerous drug with no medical use, leaving users and businesses in limbo after many states have legalized it for medical or recreational purposes.

The DEA did relax certain restrictions on growing marijuana for research purposes.

For decades, marijuana has been listed as a “Schedule I” drug, placing it on par with heroin. The government has repeatedly rejected appeals for reclassification.

“Marijuana shouldn’t be listed as Schedule I,” U.S. Representative Earl Blumenauer, a Democrat from Oregon, said in a statement. He said the decision left “patients and marijuana businesses trapped between state and federal laws.”

GOLD continues to look good.  GGN is now paying 12%.

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