12-05-2013, 10:59 AM
(This post was last modified: 12-05-2013, 01:33 PM by hendi_alex.)
Portfolio changes 11/12-12/4
Long term portfolio. I continue to be nervous concerning fed actions and the effect on interest rate sensitive issues. As a result, I cut a couple of such positions in the longer term portfolio. Those sells dropped the margin use from about $11k down to just over $2k. In this crazy climate, lower margin risk also appeals to me. Will probably keep margin available for some transient and very deep buying opportunity.
11/12 buy 25 TGP as small increment accumulation - I continue to like long term prospects plus like the conservative approach of the company which uses very long term charters.
11/25 sell 100 O - too much interest rate risk, and lousy price action over a prolonged period
11/25 sell 50 KMP - lousy press, lousy price action, lots of near term headwinds
$86 in dividends hit the pot, offsetting margin cost with excess reducing margin amount by a bit
More active accounts:
11/12 buy 300 NAT
11/14 sell 4 CSCO Feb $24 calls @$1.08
11/14 buy 400 CSCO @$21.15
11/14 buy 10 CSCO Dec $22 calls, looks like these will expire worthless (-$225) edited to correct
11/14 closed CSCO $24 calls above for 19 cents; also closed 4 Jan $22 calls for 26 cents, retaining about 80% of original proceeds
11/14 bought Nat Dec $9 calls, closed on 11/22, lost $250 on the buy and sell
11/15 sell 4 CSCO Jul $22 calls @$1.20, same shares that were closed above for 26 cents
11/20 sell 5 CCJ Jun $20 calls @$1.70
11/21 sell 6 CCJ Jun $21 calls @1.35
11/22 buy 300 SNH @$23.05, had been waiting on a re-entry after having sold at $26.76, sold on 12/2 @$22.38 because of continued price erosion and uncertainty over both health care law and interest rate changes.
11/22 buy 100 HCP, accumulating on this health care REIT, will probably hold longer term
11/22 buy 300 BTU @$18.25, immediately sell March $19 calls @$1.41
11/22 sell 10 CCJ Jan $20 calls @$1.10, closed the position netting about $700 profit
11/26 buy 1000 SRTY @$11.85 as quick spec play. Didn't like the price action so closed on 12/2 at $11.70 eating about $185 loss. Got impatient on this one, could have banked a decent profit with a little more patience. Would'a, could'a, should'a! 100% hindsight.
12/2 sell 100 WPC, further reducing exposure to REIT sector
12/2 sell 101 KMR, company is under pressure, don't need that kind of uncertainty in this climate that is filled with such
12/4 buy 400 VCSH, seems to be a good place to park cash, very low volatility and about 2% yield, short duration corporate fund
12/4 sell 300 GLOG, capture 13% gain, reduce exposure to new construction coming on line during a period of weak charter rates.
![[Image: 11222467246_fcfcbbd798_o.png]](http://farm4.staticflickr.com/3743/11222467246_fcfcbbd798_o.png)
Long term portfolio. I continue to be nervous concerning fed actions and the effect on interest rate sensitive issues. As a result, I cut a couple of such positions in the longer term portfolio. Those sells dropped the margin use from about $11k down to just over $2k. In this crazy climate, lower margin risk also appeals to me. Will probably keep margin available for some transient and very deep buying opportunity.
11/12 buy 25 TGP as small increment accumulation - I continue to like long term prospects plus like the conservative approach of the company which uses very long term charters.
11/25 sell 100 O - too much interest rate risk, and lousy price action over a prolonged period
11/25 sell 50 KMP - lousy press, lousy price action, lots of near term headwinds
$86 in dividends hit the pot, offsetting margin cost with excess reducing margin amount by a bit
More active accounts:
11/12 buy 300 NAT
11/14 sell 4 CSCO Feb $24 calls @$1.08
11/14 buy 400 CSCO @$21.15
11/14 buy 10 CSCO Dec $22 calls, looks like these will expire worthless (-$225) edited to correct
11/14 closed CSCO $24 calls above for 19 cents; also closed 4 Jan $22 calls for 26 cents, retaining about 80% of original proceeds
11/14 bought Nat Dec $9 calls, closed on 11/22, lost $250 on the buy and sell
11/15 sell 4 CSCO Jul $22 calls @$1.20, same shares that were closed above for 26 cents
11/20 sell 5 CCJ Jun $20 calls @$1.70
11/21 sell 6 CCJ Jun $21 calls @1.35
11/22 buy 300 SNH @$23.05, had been waiting on a re-entry after having sold at $26.76, sold on 12/2 @$22.38 because of continued price erosion and uncertainty over both health care law and interest rate changes.
11/22 buy 100 HCP, accumulating on this health care REIT, will probably hold longer term
11/22 buy 300 BTU @$18.25, immediately sell March $19 calls @$1.41
11/22 sell 10 CCJ Jan $20 calls @$1.10, closed the position netting about $700 profit
11/26 buy 1000 SRTY @$11.85 as quick spec play. Didn't like the price action so closed on 12/2 at $11.70 eating about $185 loss. Got impatient on this one, could have banked a decent profit with a little more patience. Would'a, could'a, should'a! 100% hindsight.
12/2 sell 100 WPC, further reducing exposure to REIT sector
12/2 sell 101 KMR, company is under pressure, don't need that kind of uncertainty in this climate that is filled with such
12/4 buy 400 VCSH, seems to be a good place to park cash, very low volatility and about 2% yield, short duration corporate fund
12/4 sell 300 GLOG, capture 13% gain, reduce exposure to new construction coming on line during a period of weak charter rates.
Alex