Big Thoughts and Little Updates

by Travis Johnson, Stock Gumshoe | October 4, 2013 2:52 pm

Friday File musings on a couple of our holdings, as well as the "big picture" and a couple personal speculations I've made recently

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Source URL: https://www.stockgumshoe.com/2013/10/big-thoughts-and-little-updates/


5 responses to “Big Thoughts and Little Updates”

  1. barndoor says:

    Re: “I thought seriously about a November call option spread on UVXY this morning.”
    Those cost real money but are a powerful hedge.

    I went with the more mundane synthetic short on SPY : buy Nov 166 Puts and pay for them by selling Nov $171 calls. Equal quantities, net cost $0, capital at risk is however much the SPY exceeds $171. Upside is below $166. I hope the SPY doesn’t take off between now and November but if it does my much larger, long stock positions will be tempered by the hedge.

  2. jbnaples says:

    Travis,
    I wonder what you might think of adding to Sandstorm Gold now that this correction in gold has brought this stock back to levels ($5.10) which would have been around $1.00 pre-consolidation. I know the management has had made some mistakes with SM&E so there not on the pedestal I once had them on but I still love the business model and the growth potential especially at these prices unless gold drops down below $1000 oz. and some of the future streams put the brakes on.
    I remember thinking a year ago that I wish I could have bought more when I started buying this stock around $1.00+/-. They now have some additional streams and many I think 25 NSR’s with some very good potential to turn some of those into streams so it looks to me that there value is much better than a couple of years ago when their share price was about the same.
    If one thinks the gold market is dead, buying here wouldn’t make much sense but if you’re thinking a 10 year hold, this may be a golden opportunity to add or start a position as I don’t see much downside risk from here.
    I’d appreciate your thoughts. I know you have often covered (SAND) but this looks like a buying opportunity for those who may have missed out before the last run up in gold.
    Thanks ahead of time and for your continued service to your Irregulars. Jennifer

  3. caegan says:

    Travis, surely you’ve heard of DragonSpeak software?! Works beautifully.

  4. jhindia says:

    Travis, really appreciate the reveal on your strategy with those very speculative stocks. I had just wondered aloud last week so this was timely to say the least.

    New on here & really enjoying the articles & commentary. Only criticism is the comments forum could be a little ‘modernized’ from a navigation perspective.

    Jh

  5. et69 says:

    I’m with Caegan –you should try using DragonSpeak. saves me time, spelling corrections and my flow of thoughts is much easier.

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