This week I have an update to make about my portfolio. I have added a position with a company I use to trade in the past. Instead of trading this security I will be adding it to my standard list of stocks that I hold for the dividend.
The symbol for this security is ETP. I only have a small position it it at this time, but as I add funds to my account I will be extending my position with this security as well as others that I have on my watch list and have open orders for. Other than the new position, I also received a dividend payout for my position in TLT.
That is my opinion, you can take it or leave it.
Disclaimer: See bottom of page. http://investorsopinion.blogspot.com
ETP - Energy Transfer Partners, LP
TLT - IShares Trust Barclays 20+Year Treasury Bond Fund
Friday, February 17, 2012
Friday, February 3, 2012
Portfolio Update
As mentioned in my last post, I will be buying high dividend paying stocks. I will specifically be targeting stocks that have PEG ratios that are under 2.0. One of them I just BTO today is MCD. With a yields of 2%
I wanted to open a MCD position with a cost basis of no more than $500 as I spread my equity exposure across several stocks, so I only purchased 2 shares today with another order to buy 2 more at $90. I am not anticipating it to drop that much but I am attempting to not over pay for my position. I am aiming low with the assumption that some totally irrelevant news will temporarily drag the stock down like the news in Europe did last year.
That is my opinion, you can take it or leave it. Disclaimer: See bottom of page. http://investorsopinion.blogspot.com
BTO - buy-to-open/bought-to-open
MCD - Mc Donalds Inc.
I wanted to open a MCD position with a cost basis of no more than $500 as I spread my equity exposure across several stocks, so I only purchased 2 shares today with another order to buy 2 more at $90. I am not anticipating it to drop that much but I am attempting to not over pay for my position. I am aiming low with the assumption that some totally irrelevant news will temporarily drag the stock down like the news in Europe did last year.
That is my opinion, you can take it or leave it. Disclaimer: See bottom of page. http://investorsopinion.blogspot.com
BTO - buy-to-open/bought-to-open
MCD - Mc Donalds Inc.
Wednesday, February 1, 2012
Portfolio Update
It has been about a month since my last post. Since them I made a few portfolio changes. This post covers them and a few thoughts.
On January 12th, I STC my IWM position to get my cash back in my trading account. I did this because I want the equity percentage of my trading account to be heavier with high dividend paying stocks and not just the general market. I opened BTO orders for these high dividend paying stocks on steep pull backs since they are running to strong for me to chase them. I am adjusting this BTO prices every night as they make new highs.
Since I STC 99% of my ZNGA position, it has rebounded, dived and bounced back with a vengeance to and above the price I originally bought my position. This is despite them being outed for their copycat strategy of taking the idea of an already existing game, re-skinning the interface with only slight changes, and calling it their own. (http://tinyurl.com/7rpxgq7) Now, I don't know if they copied the code also, but the game-play is reported to be the same as well. I speculate that this could become a cause for a class-action suite against them for theft of intellectual property. This make's me hesitant to get back into it since I don't have the time to watch the stock all day. I decided to sell a Cash-Secured Put to buy back in if it falls below $9 by Feb 18th. I certainly don't want to buy back in at this time after losing out on all the upside it has already had.
Over the past month I also received dividends for CIM, IWM, and TLT. With the sale of IWM I am no longer qualified for any more IWM dividends after this point. CIM still continues to pay out the mass majority of it's earnings, unfortunately the earnings are still quite small at this time and it's price is below where I BTO. I will not be buying any more CIM until I see it promise better earnings. My TLT position is slightly dropping in cash value, reducing my portfolios position in treasury bonds. However, I will not be BTO more TLT until it drops even more.
That is my opinion, you can take it or leave it. Disclaimer: See bottom of page. http://investorsopinion.blogspot.com
BTO - buy-to-open/bought-to-open
CIM - Chimera Investment Corp.
IWM - iShares Russel 2000 Index Fund
STC - sell-to-close/sold-to-close
TLT - iShares Barclays 20+ Year Treasury Bond Fund
ZNGA - Zynga, Inc.
On January 12th, I STC my IWM position to get my cash back in my trading account. I did this because I want the equity percentage of my trading account to be heavier with high dividend paying stocks and not just the general market. I opened BTO orders for these high dividend paying stocks on steep pull backs since they are running to strong for me to chase them. I am adjusting this BTO prices every night as they make new highs.
Since I STC 99% of my ZNGA position, it has rebounded, dived and bounced back with a vengeance to and above the price I originally bought my position. This is despite them being outed for their copycat strategy of taking the idea of an already existing game, re-skinning the interface with only slight changes, and calling it their own. (http://tinyurl.com/7rpxgq7) Now, I don't know if they copied the code also, but the game-play is reported to be the same as well. I speculate that this could become a cause for a class-action suite against them for theft of intellectual property. This make's me hesitant to get back into it since I don't have the time to watch the stock all day. I decided to sell a Cash-Secured Put to buy back in if it falls below $9 by Feb 18th. I certainly don't want to buy back in at this time after losing out on all the upside it has already had.
Over the past month I also received dividends for CIM, IWM, and TLT. With the sale of IWM I am no longer qualified for any more IWM dividends after this point. CIM still continues to pay out the mass majority of it's earnings, unfortunately the earnings are still quite small at this time and it's price is below where I BTO. I will not be buying any more CIM until I see it promise better earnings. My TLT position is slightly dropping in cash value, reducing my portfolios position in treasury bonds. However, I will not be BTO more TLT until it drops even more.
That is my opinion, you can take it or leave it. Disclaimer: See bottom of page. http://investorsopinion.blogspot.com
BTO - buy-to-open/bought-to-open
CIM - Chimera Investment Corp.
IWM - iShares Russel 2000 Index Fund
STC - sell-to-close/sold-to-close
TLT - iShares Barclays 20+ Year Treasury Bond Fund
ZNGA - Zynga, Inc.
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