Friday File: Two Sell/Buy Simplifications in Mining, plus more Buffett, a Dating Trade, and thoughts on a dozen other holdings
by Travis Johnson, Stock Gumshoe | May 4, 2018 4:19 pm
A few minor Real Money Portfolio trades, plus updates on Aptiv, Berkshire, Clean TeQ, CoreSite, eCobalt, Estre Ambiental, Facebook, Fairfax, JD.com, Kennedy-Wilson, Ligand, Match, Maverix, Medical Properties Trust, Qualcomm, Sandstorm, Shopify, Square, Skyworks, and Xylem... phew!
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Source URL: https://www.stockgumshoe.com/2018/05/friday-file-two-sellbuy-simplifications-in-mining-plus-more-buffett-a-dating-trade-and-thoughts-on-a-dozen-other-holdings/
A bit of personal history I’d like to share for the hell of it. Match was once known as Que Pasa Dot Com its concept being a Spanish language Facebook. I thought it was a nifty idea and bought some shares, Facebook of course felt otherwise and managed to smother the competition. Que Pasa morphed into Match which I nicknamed Dorky Dating Site and sold. It might have been 2 or more years later but eventually Dorky Dating Site began a nifty rise.
I think QuePasa became MeetMe, a less successful dating site. Could be misremembering.
Well I’m starting to worry a little bit that we might be heading into a Bear market soon, some of the indicators are looking that way. The length of the correction is now above average — lasting 67 trading days. The average correction lasts only 51 days Earnings season is not boosting stocks the way it should. Over half of the companies in the S&P 500 have reported earnings. About 80% of them have beat earnings-per-share (EPS) estimates. This is above the one-year average (74%) and the five-year average (70%). However, companies beating EPS estimates are up an average of just 0.4% based on the change from two days before the earnings release to two days after. The five-year average price increase is 1.1%!
So on Friday I reduced my portfolio and am sitting on about 40% cash. Have to thank you on your heads up on $SHOP I was able to get a 10.6% return in a two week period. I did not sell any of my marijuana spec stocks
The figures quoted above are from the Banyan Hill Publication
Martin, it does look like that way. Even the defense sector is coming down despite good earnings. Tech stocks have not done much this year. We had such a long bull market so a bear market is expected. I am hoping last few months was just a minor correction.
I’ve always felt it’s better to go with a gut instinct, and if I’m wrong then I can always buy back the stocks I’ve sold. Also I’m placing some PUTTS and a few CALLS in case
ESTRW-Could some one confirm me (with fact) the exercise price US$. I cannot get it through my referencing:http://canadian warrants.com/american/nasdaq.html. Thanks!
The original prospectus for Boulevard is here: https://www.sec.gov/Archives/edgar/data/1649173/000104746915007473/a2226087z424b4.htm
That was the SPAC that merged with Estre to form the current Estre Ambiental, so the warrant terms originated with Boulevard. $11.50 strike price, expires five years after the business combination (which was about six months ago).