by Travis Johnson, Stock Gumshoe | August 21, 2015 6:18 pm
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Great article, as usual, Travis. I have been raising cash over the last month and long only 2 stocks, both were up yesterday. My eye is still on the exit.
Great article per usual Travis.
And I agree, Monday will most doubt be either a ‘barn burner’ or a ‘barn raiser’.
That being said, there must be an opportunity there….Perhaps investing in both call options
and put options at the same time?
Any suggestions?
Looks like puts are the way to go.
Plunge Protection Team to the rescue. Order has been restored. For now.
don’t forget Disney has that huge vacation get away in Orlando, Fl. that half the world goes to 365 days a year. They don’t seem to be hurting at all down there from what I see.
$GRVFF down 36% with only 50 shares traded? Buying opportunity?
Looks like a buyer’s strike — no one bidding, and a few folks are selling everything in their portfolio out of panic. It’s worth more than 50 cents (Canadian) to me, but that doesn’t mean it can’t dip lower if no one wants to buy little speculative stocks. I can’t buy it personally (or sell it, for that matter), since I just wrote about it on Friday. They’re very fortunate that they just raised cash a couple months ago, since this would be a terrible time to go back to the market for growth capital, and the “real” issues of the credit quality in their portfolio are still there and my inclination would still be to try to be patient to see if the credit quality improves or if impairments continue… but yes, it’s had to be patient when a stock falls that hard for no new reason.
Grenville bounced back sharply, like most other stocks — partly because the buyers’ strike was brief, I guess, but also partly because they had some more good news in the portfolio in the form of Above Security’s takeover by Hitachi. That was not one of the higher-risk royalties in the portfolio, so it isn’t a huge deal, and I don’t think they’ve disclosed what this means for the royalty, whether it will continue in some form or be bought out by Hitachi, but it’s generally good news.
Travis- do you use TradeStop? If so do you have the “new” pro-version? Thanks, Don
I’ve been experimenting with TradeStops since the Summer — I’m trying it for at least a year and testing it against my personal instincts. And yes, it’s the pro version — don’t remember why I chose that, maybe the number of stocks you can track?