Archive | September 2019

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BUYING MORE. AND POSSIBLE NEW BUY. WALL STREET TELLS WARREN TO GET LOST

Sept 27, 2019. We are trying to add to GAINM Gladstone by approx. 50%. Pays a reasonable 6%. Placed a BUY LIMIT order at $25.36. AGNC Properties is offering a NEW preferred and this is a possible buy. Right now, it makes sense to buy new issues at entry prices, as most everything is way […]

DEMO”CRAPS” ON TRUMP

September 25, 2019. Yeah the Democraps keep dumping on Trump. They just cannot give up on their never ending quest to get rid of him. We lived thru the Clinton impeachment and we can tell you, this whole mess will hurt the Democraps in the upcoming election. The current proceedings also hi-lite the corruption of […]

STILL FULLY INVESTED

September 23, 2019 We are fully invested with 9.0% in cash: money to pay bills and a cushion should markets crash. Of course we do NOT expect bad things to happen, altho October has a bad reputation for volatility. The momentum indicators for SPY, IWM and XLF are still pointing UP. We ARE approaching the […]

THINK TWICE BEFORE YOU VOTE DEM.

September 20, 2019. MOVIES: As Downton Abbey fans, we have been waiting for the movie version for several months. They have been promoting the hell out of this thing and they do have millions of fans. Rotten Tomatoes audience rating is 95% which is typically the highest you will see on their site. If you […]

SOME REALLY GOOD READS

September 18, 2019. We should have clarified yesterday that we own only three Ferrellgas bonds, and it is usually difficult to get bids on this small number. We are still trying to sell these. If you own ten or more, you will get a bid. Sell them. OXLCO goes ex-dividend tomorrow. We may place a […]

SELLING: FERRELLGAS.

September 17, 2019. When we bought the Ferrellgas Corporate Bond over two years ago, we knew it was high risk. CUSIP: 315292AM4 As it turned out, there is nothing but bad news on this position. If we sell now, we are at breakeven: essentially we have made a few dollars when you look at Total […]

SELL GBAB

Sept 16, 2019. Interest rates increased last week, affecting the Core Portfolio. GBAB Guggenheim Taxable Municipal was hit relatively hard, declining from 25.85 to 25.44. We have a 9.7% TOTAL RETURN gain (dividends added in) in GBAB and are SELLING this position. We have way too many positions in the portfolio and quite frankly are […]

NEW BUY

September 11, 2019. We are placing a Buy Limit order for CPTAL, a TERM ‘baby bond’ that matures in May 2022. The price has recently dropped (we buy when positions are on sale) but it appears to be turning upward. The order is at $24.81 and will probably NOT be filled at this price. Due […]

QUIET

September 9, 2019. Quiet open in the markets today. We have NO hot prospects for either sells OR buys. Leaves are just starting to fall here in Chicago and we get the slowing down feeling as Fall approaches. The only buy we really want if OXLCO on Sept 20. MOVIES: Angel Has Fallen. Nobody is […]

SELL HYHG

September 5, 2019. We bought HYHG late last year and it has steadily dropped. It is down 3.4% but if you add in dividends received, we have a Total Return which is barely positive. (We got a dividend payment two days ago.) This is dead money and it is time to SELL. Yesterday we bought […]