Archive | December 2013

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LNCO BUY IN IRA-UPDATE DO NOT BUY

December 23, 2013 SPY 1815.00 Go to “Investments Core Portfolio” for current holdings. SHORT TERM Bullish LONG TERM Bullish UPDATE July 2014  Now own.  Go to Core Portfolio for update. I have talked about LNCO repeatedly on this blog.  The parent Company has had a crappy year to say the least with the SEC inquiry […]

WATCHING PFLT TO BUY. 7.5%

Wednesday December 18, 2013 SPY 1790.00 **********Go to “Core Portfolio” for current holdings.********** SHORT TERM Possible pullback. LONG TERM  Bullish (Update:  Wait for lower prices.  Now $13.50)  PennantPark Floating Rate Capital is a business development company that invests primarily in floating rate loans.  It is going ex-dividend today and typically you would expect a decline […]

SINKING FEELING: WATCHING FOR POSSIBLE BARGAINS; FLOATING RATE IS HOTTTTT.

December 12, 2013 SPY 1787.00 LONG TERM BULLISH SHORT TERM MINOR PULLBACK (Update December 16:  Despite the uptick today, the market wants to go lower.  We may be able to buy good positions at sale prices.) (Update December 13:  The charts are telling us that the markets want to go lower.  We may see some […]

WATCHING PAINT DRY. BUY GOV

December 7, 2013 SPY 1809.00 SPY is 1809, almost exactly the same as my last post on November 23!!!  Do you like watching paint dry?  I mentioned back in November that we might see a pullback and that’s what we got. But….we are now back where we started. So I suggest doing nothing…..altho a potential […]