Archive | August 2019

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CIM: 10% YIELD

August 15, 2019. Whew. Yesterday was tough. But the Core Portfolio did not drop nearly as much as SPY, which is what we would have expected. The good news is that we received a ‘bunch’ of dividend payments overnight which is what this blog is all about. Income. Yes we DO expect a recession next […]

BUYING

Wednesday NOON Central Time. So far our portfolio is down .86% vs 2.69% vs SPY We are placing a BUY LIMIT order for PTY at $17.43: you can increase the price you pay if necessary by 5-10 cents, which would be a new position. You should also be adding to PCI which is in the […]

TIME TO PANIC? NOT YET

Wednesday August 14, 2019. “BIG NEWS” MARKETS DOWN TODAY…………. Two critical issues: Trump has basically lost the trade war with China, as he as delayed tariffs until December. Markets reacting negatively. Second, we are seeing an inverted yield curve today. This typically predicts a recession, BUT that will not happen until the yield curve UN-inverts. […]

TAKING PROFITS

August 13, 2019. We have sold the following: TANNL. Just isn’t doing much. We have a tiny gain. Time to move on and buy something better. PBY. We purchased PBY at a deep discount in March and it spiked up to $25.93. A sell limit order is in for $25.93 which if filled is a […]

HCXZ FILLED

August 12, 2019. We got filled on the HCXZ order Friday: you had to act fast to get this one as the price temporarily dropped. We wanted to buy CIM but it spiked up and left us in the dust. Now looking to BUY BIZD and maybe FFC. In addition to BIZD and FFC, we […]

TRY TO GET HCXZ

August 9, 2019. We have been trying to ADD to HCXZ (a Core Portfolio position) but it keeps heading higher. For some reason, it has dropped today. We have placed a BUY limit order at $25.16. MAYBE it will get filled. https://seekingalpha.com/article/4283568-hercules-capital-inc-9_9-percent-yield-special-distribution-strong-growth

PATIENCE. NOT SELLING. POSSIBLE NEW BUYS.

August 7, 2019. SPY is down 300 points as we write this. This is what we said on Monday: This decline will probably last a few weeks if not longer and hopefully it provides us some buying opportunities… And we still think declines are possible for awhile. It is interesting that we have over a […]