Stocks and Trading Thread - Channeling your inner Mono

[DGuller]

Did Greenspan dive into the dirty laundry basket for these pants?

[MadImmortalMan]

Zoot Suit Greenspan. 

[Alcibiades]

Wu Tang clan gave him a makeover.





For those who don't get the reference:

http://www.comedycentral.com/video-clips/tw2ltp/chappelle-s-show-wu-tang-financial

[FunkMonk]

Traders will find their correlations anywhere they can.

Next year's new smash hit, Dismal Science, only on FOX.

[Phillip V]

mREITs slowly recovering. Hopefully interest rates stay stable. AGNC was balsy enough to even buy $400 million of its fellow mREIT stocks in December and January. I will sell when share price gets closer to book value ($24).

SeaDrill recently downgraded and sporting a fat dividend of 10%+. Since I am bearish on the global economy and oil (short-term), I need another big drop (maybe near $33 or $30?) before I get into it.

Sprint has been very volatile the past few months. I will buy more shares if it drops down to mid or low $7.

[stjaba]

Is the correction over? I was kicking myself for buying SPY at 182.96 when it dropped down to 174 and I kept reading doom and gloom articles everywhere. Now it's already back up to 184. 

[Admiral Yi]

My hunch is we're going to see more downward pressure as QE continues to taper off.

If we see any actual inflation, then brace for impact.

[Alcibiades]

Ended up holding off on BKCC, its up 30 cents in the past week so that's... ok.  Picked up Intel again at 24, my safe option, and its up 75 cents this week.  Still holding a sizeable amount to snatch up anything if it presents itself, still may pull the trigger on BKCC if that downward pressure resumes, dat yield rate. 

[jimmy olsen]

My investments are up 28% over the last year.

[Phillip V]

My investments are up 28% over the last year.

Taxes on dividends and realized gains.

[MadImmortalMan]

No such thing as a bad profit, Jaya. Don't make trading decisions based on taxes. 

[MadImmortalMan]

Joey Ramone became obsessed with Maria Bartiromo before he died. I never saw it. Sara Eisen's little sideways smile is a bit endearing though.

[Ed Anger]

Joey Ramone became obsessed with Maria Bartiromo before he died. I never saw it. Sara Eisen's little sideways smile is a bit endearing though.

I'm writing a Jim Cramer song. I need a soundboard.

[Admiral Yi]

Jessica Yellin has said that because of the divergence of long term and short term unemployment and the drop in labor force participation, the old line of 6.5% unemployment to start raising rates might no longer be in force.

[Baron von Schtinkenbutt]

Since I disappeared from the thread after my last post:

- AAR was American Airlines' preferred stock issue.  It was one of the few preferred stock offerings that was not from a utility or financial institution.  Since the dividends were technically interest, though, reinvestment was not an option and they didn't qualify for the capital gains rate.

- BKCC is a joint venture between the BlackRock asset management company and the private equity firm Kelso & Company.  They provide mezzanine capital for mid-market businesses.  They are small-ish (< $1B total assets) in Wall Street terms.

BKCC reports earnings a week from Thursday.  Since its Q4, it should include some information about the dividend going forward.

American has been rocking my casbah, though.  As part of the bankruptcy and merger, the new company made good on all the AAR debt to the full amount owed (par + unpaid interest) in the form of convertible preferred shares in the new company.  Half my holding has converted so far, and between payout and appreciation I am already at a 110% gain.  That doesn't count the several quarters of interest I received before American went tits up, either.