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TranceAddict Investors Club @ Marketocracy (pg. 66)
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| atbell |
| quote: | Originally posted by Shakka
and at the end of the day, it's only money. If you don't spend it, it's worthless! |
Unless you are short on kindeling for a fire ;) |
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| Shakka |
| quote: | Originally posted by atbell
Unless you are short on kindeling for a fire ;) |
Or are raising a termite farm.;) |
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| Krypton |
June 20, 2008 funds report for (tranc3)
FGF
* Name: Fundamental Gamma Fund
* Net Asset Value (NAV): $13.08
* Compliant: Yes
* This past week
+ Return: 1.72%
+ Did you beat the:
o S&P 500 (return of -3.10%): YES
o NASDAQ (return of -1.97%): YES
o Dow Jones (return of -3.78%): YES
* Trailing 30 days
+ Return: -5.10%
+ Did you beat the:
o S&P 500 (return of -5.23%): YES
o NASDAQ (return of -1.72%): NO
o Dow Jones (return of -6.02%): YES
IGF
* Name: Intrinsic Gamma Fund
* Net Asset Value (NAV): $11.35
* Compliant: Yes
* This past week
+ Return: -0.08%
+ Did you beat the:
o S&P 500 (return of -3.10%): YES
o NASDAQ (return of -1.97%): YES
o Dow Jones (return of -3.78%): YES
* Trailing 30 days
+ Return: -7.18%
+ Did you beat the:
o S&P 500 (return of -5.23%): NO
o NASDAQ (return of -1.72%): NO
o Dow Jones (return of -6.02%): NO
SIF
* Name: Steel & Iron Fund
* Net Asset Value (NAV): $10.87
* Compliant: Yes
* This past week
+ Return: 0.14%
+ Did you beat the:
o S&P 500 (return of -3.10%): YES
o NASDAQ (return of -1.97%): YES
o Dow Jones (return of -3.78%): YES
* Trailing 30 days
+ Return: -1.65%
+ Did you beat the:
o S&P 500 (return of -5.23%): YES
o NASDAQ (return of -1.72%): YES
o Dow Jones (return of -6.02%): YES
DSF
* Name: Drybulk Shipping Fund
* Net Asset Value (NAV): $10.78
* Compliant: No
* This past week
+ Return: 4.72%
+ Did you beat the:
o S&P 500 (return of -3.10%): YES
o NASDAQ (return of -1.97%): YES
o Dow Jones (return of -3.78%): YES
* Trailing 30 days
+ Return: -7.68%
+ Did you beat the:
o S&P 500 (return of -5.23%): NO
o NASDAQ (return of -1.72%): NO
o Dow Jones (return of -6.02%): NO
EPSF
* Name: Energy Products & Services Fund
* Net Asset Value (NAV): $10.47
* Compliant: Yes
* This past week
+ Return: 0.10%
+ Did you beat the:
o S&P 500 (return of -3.10%): YES
o NASDAQ (return of -1.97%): YES
o Dow Jones (return of -3.78%): YES
* Trailing 30 days
+ Return: -3.43%
+ Did you beat the:
o S&P 500 (return of -5.23%): YES
o NASDAQ (return of -1.72%): NO
o Dow Jones (return of -6.02%): YES
ACF
* Name: Agricultural Chemicals Fund
* Net Asset Value (NAV): $10.15
* Compliant: Yes
* This past week
+ Return: 0.12%
+ Did you beat the:
o S&P 500 (return of -3.10%): YES
o NASDAQ (return of -1.97%): YES
o Dow Jones (return of -3.78%): YES
* Trailing 30 days
+ Return: 9.29%
+ Did you beat the:
o S&P 500 (return of -5.23%): YES
o NASDAQ (return of -1.72%): YES
o Dow Jones (return of -6.02%): YES
IDOWF
* Name: Intrinsic Dow 10 Fund
* Net Asset Value (NAV): $9.42
* Compliant: Yes
* This past week
+ Return: -3.56%
+ Did you beat the:
o S&P 500 (return of -3.10%): NO
o NASDAQ (return of -1.97%): NO
o Dow Jones (return of -3.78%): YES
* Trailing 30 days
+ Return: -5.67%
+ Did you beat the:
o S&P 500 (return of -5.23%): NO
o NASDAQ (return of -1.72%): NO
o Dow Jones (return of -6.02%): YES
FG2F
* Name: Fundamental Gamma II Fund
* Net Asset Value (NAV): $9.58
* Compliant: Yes
* This past week
+ Return: -0.28%
+ Did you beat the:
o S&P 500 (return of -3.10%): YES
o NASDAQ (return of -1.97%): YES
o Dow Jones (return of -3.78%): YES
AGF
* Name: AMG Gamma Fund
* Net Asset Value (NAV): $9.46
* Compliant: No
* This past week
+ Return: 0.18%
+ Did you beat the:
o S&P 500 (return of -3.10%): YES
o NASDAQ (return of -1.97%): YES
o Dow Jones (return of -3.78%): YES
GQF
* Name: Gamma Quant Fund
* Net Asset Value (NAV): $9.50
* Compliant: Yes
* This past week
+ Return: -0.25%
+ Did you beat the:
o S&P 500 (return of -3.10%): YES
o NASDAQ (return of -1.97%): YES
o Dow Jones (return of -3.78%): YES |
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| Krypton |
This is interesting.
| quote: | CNBC
Warren Buffett Tells CNBC U.S. Inflation is "Exploding"
Wednesday June 25, 1:20 pm ET
Warren Buffett says inflation in the U.S. is "exploding" and he urged the Federal Reserve not to signal in any way that controlling prices is a secondary goal to encouraging economic growth.| "Inflation is really picking up.| Whether it's steel or oil, we see it everyplace," Buffett said of rising prices.
Buffett made his comments in a live interview with Becky Quick on CNBC's Power Lunch.| He spoke ahead of a charity lunch he is hosting in New York City.
While Buffett stressed that the Fed needs to control inflation, he also said the central bank should also be concerned about slowing economic growth, and said he's glad he doesn't have Chairman Ben Bernanke's job.| Pressed by Becky about what he would do if he were Fed chairman, Buffett joked that he'd "resign."|
Buffett told Becky that from a consumer's perspective, the economy's weakening is getting worse.|| He's been saying for several months that the U.S. is effectively in a recession.
Buffett dismissed suggestions that "speculators" are responsible for the high price of oil, saying energy prices are being driven solely by supply and demand.
Asked about InBev's unsolicited $46 billion takeover bid for Anhesuer-Busch (NYSE:BUD - News), Buffett said he hasn't talked to anyone about it and hasn't taken sides.| He implicitly dismissed reports he favors the InBev bid.| At this point, he says, the InBev-Bud battle is just an "interesting spectactor" sport.| Buffett's Berkshire Hathaway owns a 5% stake in St. Louis-based Anhesuer, making it the brewer's second largest shareholder.
Buffett said he doesn't think either Barack Obama or John McCain will have trouble raising enough money for their presidential campaigns.| While he's a long-time Obama supporter, Buffett did say the Illinois Senator should not have changed his position on accepting public financing.| Buffett will be in Chicago next week for some Obama fund-raising events.
Buffett repeated his call for higher taxes on the "super-rich" so that the middle-class pay less. |
http://biz.yahoo.com/cnbc/080625/25369551.html |
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| jerZ07002 |
what the hell does warrent buffet know? after all, the price of oil is not determined by supply and demand as he claims. Up to 70% of the price is due to other factors, namely, 30% due to geopolitical risk premium, and 40% speculators premium.
;)
http://www.tranceaddict.com/forums/...hlight=risk+oil |
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| Krypton |
| Anything Buffet might say is always interesting. That guy is one of the few whose words can move markets. I don't agree either about his take on oil inflation, but he I agree with him that inflation is on the rise, especially in commodities. I've been trading mostly commodities stocks, so I have profited very well, but for everyone else, they're struggling. |
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| Capitalizt |
Any TA people here? I found this on another forum and found it interesting..
It looks like the US dollar is headed for a bear flag breakdown, with a downside target of 66.
If achieved, the price of gold should be well over $1100/oz Silver $20+ Oil $155+ |
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| mndeg |
Anyone have any thoughts on Sears holding company? SHLD
seems like the ultimate permashort to me.
We looked at the company in depth as a class assignment a while ago and it seems like they are kinda ed. Right now what they are doing is trying to improve their image. And really, it's not going to work. The profits they made before were because of a guy named Eddie Lampbert (sp?) who was pretty much using Sears as a hedge fund.
btw what trading clients do you guys use? I've used choicetrade and interactive brokers. |
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| Shakka |
| quote: | Originally posted by mndeg
Anyone have any thoughts on Sears holding company? SHLD
seems like the ultimate permashort to me.
We looked at the company in depth as a class assignment a while ago and it seems like they are kinda ed. Right now what they are doing is trying to improve their image. And really, it's not going to work. The profits they made before were because of a guy named Eddie Lampbert (sp?) who was pretty much using Sears as a hedge fund.
btw what trading clients do you guys use? I've used choicetrade and interactive brokers. |
The stock ripped when Eddie Lampert was focused on cutting costs. Once cost cutting was done and he actually had to focus on sales, things went south in a hurry. Granted, the macro backdrop has not been good. However, the next Warren Buffet, he has certainly proven NOT to be. |
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| Krypton |
| quote: | Originally posted by mndeg
Anyone have any thoughts on Sears holding company? SHLD
seems like the ultimate permashort to me.
We looked at the company in depth as a class assignment a while ago and it seems like they are kinda ed. Right now what they are doing is trying to improve their image. And really, it's not going to work. The profits they made before were because of a guy named Eddie Lampbert (sp?) who was pretty much using Sears as a hedge fund.
btw what trading clients do you guys use? I've used choicetrade and interactive brokers. |
SHLD
FS = 53% = D = SELL
They've got some major cash flow issues. Looking at just the income statement, things don't seem that bad. But if you look at their cash flow statement, it looks horrible. Despite showing a profit in 4 out of the last 5 quarters, they have still been losing money in all 5 quarters. Looking at their most recent financial statements, this is what I see...
1. A $56 million loss.
2. Inventory increased by $368 million and has increased in 4 of the last 5 quarters.
3. They have spent over $1 billion on capital expenditures. What those capital expenditures are? I don't know. But it better be $1 billion well spent.
4. They have been financing their operation pretty heavily, while at the same time, running in negative cash flow. Double negative. Having issued over $6 billion in new stock, and issuing about $500 million in new bonds in the last 5 quarters, it is clear SHLD is relying heavily on debt, with little to show for it.
My recommendation is for any stockholder to sell and stay away from SHLD. |
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| mndeg |
1 billion in capital expenditures over 2 years? 500m 08 500m 07
what happened to all their cash? their property plant & equipment has not increased
do you look at the 10k itself? I'm more familiar with the statements themselves instead of summaries on msn or yahoo |
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| Krypton |
| quote: | Originally posted by mndeg
1 billion in capital expenditures over 2 years? 500m 08 500m 07
what happened to all their cash? their property plant & equipment has not increased
do you look at the 10k itself? I'm more familiar with the statements themselves instead of summaries on msn or yahoo |
Well, I used MSN, but I can look at the 10-K itself for you... http://yahoo.brand.edgar-online.com...93125-08-125083
I'm getting the same numbers. But instead of "capital expenditures", it reads "Purchases of property and equipment". Also in MSN CLICK, if you click on "Capital Expenditures", it reads below "Purchase of Fixed Assets".
All of this means the same thing. Whatever they spent $1 billion to buy fixed assets/capital expenditures/property and equipment in the past 15 months better be worth it. At least they still have $1.4 billion in cash to fall back on. SHLD isn't terminally ill, but it is sick, and sicknesses need a cure.
I don't like reading 10-k because of the difficult language involved. And a lot of times, each companies statements use different terminology when say comparing a financial company to a retail company. MSN generally uses the same terminology for all companies, and the data is accurate enough for me. The only bad thing is, MSN is slow to update, when say comparing the immediate release of a 10-k. |
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