Personal Portfolio Shakeup

By Travis Johnson, Stock Gumshoe, September 6, 2016

This is not a fundamental look at any of these stocks, but just a quick update on my personal portfolio.

Like you, I have many priorities in my life… and some of those priorities changed a bit over the last week or two, so we’re considering some real estate transactions that make it important for me to set aside a larger cash balance. As a result, I’m moving a bunch of things around in my different accounts and eliminating some positions, mostly relatively small ones that I don’t consider to be core long-term positions.

And I’ve promised to keep the Irregulars notified of my personal buy and sell decisions, so I’m letting you know about these. Don’t consider this to necessarily be a rejection of these investments, and nothing of substance has changed with any of these companies over the past couple days to my knowledge… though I have intended to take some profits from some of the gold investments I own over the past couple months, and prices were moving in the right direction as I sold them today, so that’s not an unwelcome outcome of this adjustment. Most of these shares I would prefer not to sell, all else being equal — and some I am particularly reluctant to part with at these prices — like Coral Gold, for example, which is clearly undervalued… but that’s how the positions came out in the wash this time.

Here are the changes in my equity positions this week, FYI:

Reduced Positions:
First Mining Finance (FF.V, FFMGF)

Small net adjustments as holdings are moved around to different accounts, but reduced:
Sandstorm Gold (SAND)
Facebook (FB)
Markel (MKL)
Medical Properties Trust (MPW)

Eliminated Positions:
GSV Capital (GSVC)
Crius Energy Trust (KWH-UN.TO, CRIUF)
Brazil Resources Warrants (BRI.WT, BZRSF)
Coral Gold (CLH.V, CLHRF)
Input Capital (INP.V, INPCF)
JetBlue (JBLU)
Leucadia (LUK)
Lancashire Holdings (LCSHF)
Sprott Gold Miners ETF (SGDM)
Douglas Dynamics (PLOW)


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17 Comments
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matthewacker
matthewacker
September 6, 2016 5:16 pm

Are you expecting any moves on WATT in the next few days/weeks?

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herbalix
Irregular
September 7, 2016 4:46 am

Hi Travis,
I am owning GSVC for some time now. It looks like they are having a bit of a rough time. I was wondering about their dividend. Originally I bought them because they had a dividend payout of over 50% in January 2016. I expected that there would be another dividend payout 2017 and would have gladly waited for that. However, as you are aware, there dividend policy somehow changed this summer, and in August, I believe, they payed out a very small dividend payment if i remember correctly.
I just was wondering If I missed something or why there dividend policy changed so completely. Perhaps this January dividend was a special dividend not necessarily to be expected every year.
Do you know anything about that?
Thanks for your great service to all of Us and good luck with your new and old investments.

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hendrixnuzzles
Irregular
September 7, 2016 6:16 pm

Hi Travis, may I ask which insurers you hold besides Markel, and do you think any of them are at reasonable entry points ?

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heuristocrat
Irregular
heuristocrat
September 8, 2016 6:21 am

I was surprised that WATT didn’t drop more after the lack of an AAPL announcement. Oddly there are people out there who seem sure that something else major is due out soon. Normally I’d just cover here and be done with it but do you think there is more downside? Are you holding the short or have you covered too?

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michmana2
Irregular
michmana2
September 8, 2016 2:29 pm

I was also surprised it did not go lower. It is at $15.50 now. I bought a put option with a 17.5 strike. I am already nicely in the black but was expecting (and hoping) for a drop to at least 14.

matthewacker
matthewacker
September 15, 2016 1:37 pm
Reply to  michmana2

How did everyone do on WATT? I read some previous analysis that WATT goes down over 4 trading days following an apple announcement with no wireless charging. So I waited until Monday and saw all of my gains disappear. I should have sold on Friday when the option was at 3.50 and ended up selling at 1.85. Disgusting!

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appletrader
Member
appletrader
September 17, 2016 2:01 am

I think that was a great call you made to short WATT, with sound reasoning and obviously well thought out. I tried to follow you in but couldn’t find any shares to short so I bought the $20 puts and made a few dollars–thanks> I plan to parlay the profits into a membership.

I think you’re right about WATT having limited resources and no clear path to an inked deal with Apple. I would short them again if they get above $20.

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