Portfolio Update

Once again, I have made changes to my portfolio, so here is my portfolio update. Since I have been adding cash to my account, I had enough to make an order. I chose to add to my CNK position in the event that it would pull back to $21.50.

Well, it did. But a little more than I had expected. Apparently the Federal Reserve statements, Existing Home Sales, and Jobless Claims reports this week didn't give the market much solace, even though the European economic scene seems to have stabilized for the moment. But that can change any day.

I will continue to add cash to my account and put in orders to add to my existing positions. I believe the market will be more bearish this summer as Congress continues to perpetrate what they can to force a presidential change this fall by doing nothing that the current president has asked them to do. This is not me saying that I support Barack Obama, nor do I support Mitt Romney. I am of the opinion that Presidents have become nothing more than figure-heads. It is congress that actually has all the real power to help the economy.That is my opinion, you can take it or leave it. Disclaimer: See bottom of page. http://investorsopinion.blogspot.com

CNK - Cinemark Holdings, Inc.

Portfolio Update

I am a little behind schedule on reporting my portfolio updates. Since my last update, I have changed some of my opinions a little. I have also added to my account so that I have some additional cash to invest.

First, I have restarted auto deposits into my investing account and my IRA. Both of which are under-funded. I especially have a lot of catching up to do in my IRA. However, further information about that is outside the scope of this post.

Second, I STC my puts against FB. The result was that I raked in ~37% profit on that short trade.

Lastly, I then took the profit and the capital that I had pending for one of my other dividend paying stock picks, CNK, and added to my already existing positions of JNJ and PG. I then re-evaluated the chart for CNK and decided to buy a third of the shares I was planning on at the higher price it was currently around. Unfortunately, CNK has declined a little since I BTO the position today. I am still currently satisfied with my positions. 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
CNK - Cinemark Holdings Inc
FB - Facebook Inc.
IRA - Individual Retirement Account
JNJ - Johnson & Johnson
PNG - Proctor & Gamble Co
STC - sell-to-close / sold-to-close

Portfolio Update

Since my last update where I purchased shares in ZNGA, it has tragically declined. However, as one of my few speculation plays, I intend on adding to my position if there next earnings report, indicates improvements I can believe as reasonable expectations.

Also, since my last update I purchased shares of YUM, as it finally came down enough to trigger my limit order. Now I only have one more stock to buy that rounds out my dividend strategy. It, however, seems to be resisting the market pressures better than I expected.

In the mean time I have taken advantage of the opening of FB on the option market to buy put options against it. I am extremely disappointed in its extreme over-valuation. I am expecting continued declines into the low 20s, if not further. That is my opinion, you can take it, or leave it. Disclaimer: See bottom of page. http://investorsopinion.blogspot.com

FB - Facebook Inc
YUM -YUM Brands Inc
ZNGA - Zynga Inc

Facebook Not Remotely Worth 38$

On Friday, FB IPO'd at 38$. The thing is that they only earned 43¢ per share last year. That puts their current P/E ratio at over 88. Even if we look at foward looking estimates. They are still over priced to a P/E of about 55.
Now lets look at GOOG. They only have a P/E of about 18. So if we do the math of using FB earnings times GOOG P/E we have a relative price for FB of less than 8$. So far, the market agrees as FB price dropped to 31$ and is struggling to not drop any more.
My opinion? I'm putting it to practice. I've put an order in for under 8$. That is my opinion, you can take it, or leave it. Disclaimer: See bottom of page. http://investorsopinion.blogspot.com
FB - Facebook, Inc.
GOOG - Google Inc
IPO - initial public offering
P/E - price-to-earnings ratio

Portfolio Update

In my last post I mentioned having two more positions I wanted to open but who's limits were much lower, and that I didn't want to raise the limits any higher with out good reason. That hasn't changed. However, I did make a purchase.

On the 27th I purchased sharers of ZNGA. The position I have now is strill small and only used up the small amount of cash I did not have already allocated for the two other positions. I am still looking for my last two orders to execute later on, possibly during the summer months.

Also, on the 27th, I received a dividend payout from my holding of CIM. This payout makes me feel very positive about the strategy I am using. That is my opinion, you can take it or leave it. Disclaimer: See bottom of page. http://investorsopinion.blogspot.com

CIM - Chimera Investment Corp
ZNGA - Zynga Inc.

Portfolio Update

Since my last post I've BTO more positions. On April 10th, after I had already posted, I BTO a position into VZ. On April 17th I BTO a position into JNJ. And on April 23rd I BTO a position into PG. Also, on April 16th I received interest for the cash sitting in my account.

My entering into the PG position was partially a result of me tightening the limit of the order to less than a dollar of its Friday close. The other part was an unexpected reaction to the European and Chinese economic news. Today, however, PG rose back above my entry point. (As of the publishing of this article, PG is below my entry but up for the day.) My current concern is that the market cliche of 'as goes the month of January, so goes the market' will not be true this coming summer after PG earnings this coming Friday. If my concern is realized, I will look for an opportunity to average down my cost basis by adding to the position as close to the lows as I can. I may then STC the first PG position if it recovers.

I still have two more positions I want to open in order to balance out my monthly dividend payout strategy. However, I don't want to tighten my limit orders any further without good reason. I will be leaving them as is for now. 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
JNJ - Johnson & Johnson
PG - The Procter & Gamble Co.
STC - sell-to-close/sold-to-close
VZ - Verizon Communications Inc.

Portfolio Update

The last portfolio update I made covered a stock purchase of DE. Since then I have added another equity to my account. On April 5th, I BTO a position into T. As of that date, I now have a quarterly dividend being payed to me every month. This does not include the fact that the TLT seems to pay me a dividend every month, I say seems as I have received a deposit of interest from this bond fund every month last quarter.

Outside of the new position that I have opened, I have adjusted my limit order prices for the remaining five equities I have in my plan to purchase. These five equities may change as I compare them against their competitors, looking for the ones I believe fit my criteria of paying good dividends, have relative growth potential, and are priced in at a level I can afford. 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
DE - Deere & Co.
T - AT&T Inc.
TLT - iShares Trust Barclays 20+Year Treasury Bond Fund