Stops Updated And Triggered, NUGT +450%, LBS +150%, TZA -2.3%
NUGT rose as much as 588% from our mid-January entry, and per the level set in our last related update our remaining shares were stopped out a few days later for a gain of 450% on the last of our holdings.
UCO is up 98% since our mid-January entry. Our stop on UCO has not triggered and we're raising it again, now to $11.90 on an intra-day basis. If this is stopped out we'll have plenty more oil exposure left over, mostly bought at or near the lows late 2015 and early 2016.
OKS (Oneok Partners LP) comprises some of that oil exposure and is up 76% including dividends since our mid-January entry. Our stop on OKS has not triggered and we're raising it again, now to $36.00 on an intra-day basis. We'd like to keep the 13.9% dividend (based on our entry price) coming in for as long as possible, but do not wish to be holding too many oil-related positions and losing large capital "paper" gains in case of a protracted stock market drop which is arguably long overdue.
LBS (Brompton Life & Banc Split Corp.) was a holding of ours for nearly 4 years, and it paid a 24% annual dividend (based on our entry price circa $5 and a "Return Of Capital" of $1.20/annum, paid as $0.10 monthly). At its highs it was up 132% from our entry (trading above $11 last year) and per the level set in our last related update was closed for a gain of 56% plus it paid nearly 100% of our cost back via its generous monthly return of capital.
TZA we entered in late April and the position was stopped out a month later for a loss of 2.3%
We still have VXX (iPath S&P 500 VIX Short Term Futures) as a market hedge and short.
We'll post updated DJIA charts in a few days.
UCO is up 98% since our mid-January entry. Our stop on UCO has not triggered and we're raising it again, now to $11.90 on an intra-day basis. If this is stopped out we'll have plenty more oil exposure left over, mostly bought at or near the lows late 2015 and early 2016.
OKS (Oneok Partners LP) comprises some of that oil exposure and is up 76% including dividends since our mid-January entry. Our stop on OKS has not triggered and we're raising it again, now to $36.00 on an intra-day basis. We'd like to keep the 13.9% dividend (based on our entry price) coming in for as long as possible, but do not wish to be holding too many oil-related positions and losing large capital "paper" gains in case of a protracted stock market drop which is arguably long overdue.
LBS (Brompton Life & Banc Split Corp.) was a holding of ours for nearly 4 years, and it paid a 24% annual dividend (based on our entry price circa $5 and a "Return Of Capital" of $1.20/annum, paid as $0.10 monthly). At its highs it was up 132% from our entry (trading above $11 last year) and per the level set in our last related update was closed for a gain of 56% plus it paid nearly 100% of our cost back via its generous monthly return of capital.
TZA we entered in late April and the position was stopped out a month later for a loss of 2.3%
We still have VXX (iPath S&P 500 VIX Short Term Futures) as a market hedge and short.
We'll post updated DJIA charts in a few days.
We receive no remuneration or incentive directly or indirectly in any way, shape, or form for buying or selling the positions we do, or for mentioning any positions or publicly traded companies in this blog. If we hold existing positions we divulge the fact. This blog is merely a diary of some of our thoughts and trades and is in no way whatsoever to be considered investment advice of any kind. Always without fail consult a competent, experienced, and honest broker or investment advisor before making any investment or speculative decisions.
Please presume that we, she, he, I, it, them, they, us and you are purely fictional characters and that everything written in this blog is satire intended for comedic amusement only, and not to be taken seriously in any way. Just like "real" analyst proclamations. Thank you.
To be notified when this blog is updated :
Please e-mail christianguinness@hotmail.com with "Subscribe to blog" in the subject line or click here to do so automatically if your computer is configured accordingly. We have never shared our mailing list with anyone, nor will we. Please note that we only send update notifications when a trade idea is diarized or updated materially, not if a posting only contains general commentary.
This publication has been prepared solely for informational purposes and is made available on an "as is" basis. RidingTheGravyTrain (RtGT) does not make any warranty or representation regarding the information. The material is proprietary and without prior written permission from RtGT it may not be reproduced, copied, modified, performed, published, distributed or broadcast, in whole or in part, in any form, other than for your own personal, non-commercial use.
Nothing in this publication is intended to constitute legal, tax, securities, or investment advice, or an opinion regarding the appropriateness of any investment, nor a solicitation of any type. Nothing in these pages constitutes an offer or a solicitation to buy or sell a security nor is it to be construed as investment advice.
RtGT is not an investment advisor. The general opinions and information contained in herein should not be acted upon without obtaining specific legal, tax, and investment advice from a licensed professional concerning your own situation and any specific investment questions you may have. RtGT cannot guarantee the future performance of any investment.
posted by C. Guinness @ 3:42 PM
<< Home