Smiley face? Obviously a bullish sign.
Going 3X levered on VRX and reverse mortgaging the house. Taking a loan out on my entire 401k, too!
VRX finally gon take me from rags to riches!
my advice is buy in tranches. Momentum can keep going way beyond rational valuation bounds.
Especially with the election and Hilary looking more likely to be our next president.
I'm using VRX as my exclusive exposure to Healthcare.
I had excellent returns on PBR as my oil exposure. Sometimes the leverage can really whip momentum around.
Activity of the day.
Moving big into mREITs again since book values have substantially increased but prices have decreased.
Buying NLY under $10.20
Picking up BX around $24. Conservative simple multiple valuation of their fee revenue puts them at around $28. Third time doing this trade, have sold at $27 each time before.
Buying TGP under $15. Cheap gas prices don't reduce volumes of shipping. While if the international to US spread stays low it may be a threat, I think there is a good chance of recovery and nat gas will be the main energy source of the future as coal is retired. Cash flow and contracts are strong and the company is using all its profits to self fund rather than rely on third parties. I like the conservative strategy.
Buying CORR under $26.50. Clients haven't rejected their leases and the 10-12% yield is attractive. CORR earns signifigant additional cash flow it can use to pay down debt or buy additional assets.
Buying COG around $22. A bit of a spec play depending on the oil price, but COG has one of the lowest cost basis for production and will survive either way. NY sucks for denying the Constitution Pipeline and I think the delay of the Atlantic Pipeline has created a good entry point opportunity.
Buyting TEI under $10.80. Limited exposure to international debt adds diversity to my portfolio.