Wild-Assed 2

[Louetta]

Bought a minimal position in a bunch of funds, BFOCX, AKREX, TGUNX, LCLAX, BMGAX just to have a position. Still don't see that anything has changed warranting putting any more money in right now.

[Louetta]

Regrettably we lost this classic when I lost my old thread. I have long modeled my eyebrows after Hepburn's. Check out the excellent shot when Capote's name appears.

https://www.youtube.com/watch?v=1JfS90u-1g8

[Louetta]

Well this thread isn't called wild-assed for nothing. You may recall I used to post about LOGG, at one time a small company trying to produce a small wear it on your ear type camera with which one could record all sorts of hairy adventures. They failed and six months ago the stock was trading at about $.005 (that is 1/2 of one cent). Since then they have re-incorporated from Nevada to Delaware, convinced creditors to trade in debt for stock in the re-incorporated company, brought their SEC filings up to date, have a new chairman and bought rights to the names of two products from PG, though God only knows what they are going to do with those rights. They still have no reported revenue but today for the first time the stock, if you can call it that, is trading at over $.05, otherwise known as 5 cents.

I don't know what is going to happen, in fact I was wishing they would open a marijuana business, not work with PG, but at least PG is a legitimate company. At any rate the prospect that the stock will continue to rise makes my little heart beat faster than watching Tom Brady dismember the hapless Pittsburgh Steelers.

[Louetta]

Bought some Jan. 2021 CRON calls. My only exposure in this area. Stock has been cut in half since the high early this year and they have earnings and a reasonable PE.

[Louetta]

Another stock I used to flog regularly in my old thread was STOR. This is a Buffett stock (or his lieutenants Todd and Ted). It's a REIT which specializes in strip mall type businesses which are by their nature immune to being internet-ized. Schwab lists restaurants, early childhood education centers, movie theaters, health clubs and I envision barber shops, pool halls, etc. Pays about 3.5% before the Section 199 tax break (thanks to Donald) which is less a payout than it was, as the stock has been rising. Hard to recommend it strongly at this level but it's worth a look.

[Louetta]

Discussion of today's PLG chart action. A very rudimentary chart analysis, I'd guess, if you are conversant with that discipline (I'm not). Of course he's selling something.

https://claytrader.com/stock_chart/PLG/?utm_source=social&utm_medium=ihub&utm_campaign=chart

[BlueWolf]

Looks like they closed some financing.

https://www.newsfilecorp.com/release/47110/Platinum-Group-Metals-Closes-US10.4-Million-Bought-Deal-Financing-US9.2-and-US10-Million-Private-Placement-Financings-Establishes-a-US-20-Million-23-Year-Credit-Facility-and-Repays-Existing-US43-Million-Credit-Facility

[Louetta]

You may recall in my old wild-assed thread I used to talk about the platinum mine PLG. Also that they suffered a setback when it was determined that in fact there was no platinum in the mine, a hurdle they found it difficult to overcome.

At any rate PLG began the week at $1.20 and earlier today traded as high as $1.99 and as I write is at $$1.82, an increase of over 50% for the week. It's not clear to me exactly what is happening, maybe they are going to start marketing CBD products, but it is gratifying to see.

[Louetta]

Abacus Health Products has announced a promotion arrangement for it's CBD-Medic products, for use like any CBD product, with former American footballer Rob Gronkowski, a demi-god where I live. Anyway I looked at some Abacus documentation and they have increasing revenues so I thought I'd buy a few shares (ABAHF on the other OTC market).

But I couldn't. Schwab says you can't buy online but must call some number which I won't do.

Know little about the company other than a few bits from an earning announcement but I wonder if the Gronk effect will help them.

[Louetta]

It occurs to me that the markets are like Manchester (MA, USA) harbor. Generally, at any moment, the water looks fairly calm. But in fact it is either steadily rising or falling depending on the tide. Periodically, and in violation of the rules and polite behavior, some clown in a boat comes roaring through creating a wake which sends everything in the water violently up and down for a brief but disturbing period. Then slowly the water returns to steadily rising or falling depending on the tide.

[Louetta]

Bought some early 2020 puts to protect positions in SAN and HSBC. This Brexit uncertainty is not helping.

Put a smidge in funds BIAWX BMGAX and FKDNX hoping to take advantage of lower prices.

[Louetta]

About January 2 I bought PGX, PFF, JDD and BDJ after each hit or came close to hitting 5 year lows due to interest rate rises resulting from Fed actions and remarks. Interest rates have now come down substantially but it seems the rate reductions in the past week had relatively little additional effect on the above named issues. Accordingly I sold half of each today figuring rates mayhap will not continue to fall sharply from here and in any case the stocks weren't really responding.

Gonna sell NAVI too, in the morning. Like the others, done well since the first of the year but it looks like it's kind of rolling over and with a near 5% dividend it should be going up as rates have recently gone down. Want to raise more cash anyway.



Also selling 1/2 of LGILX and TRBCX, couple of large cap funds. Just to raise some cash.

[Louetta]

I always enjoy reading the 13F from Light Street Capital. Yesterday's additions are CBLK CHWY CRWD PINS WORK SMAR SY SPOT REAL UBER. I saw nothing that interested me but obviously the folks at Light Street don't agree. Might be something there that will interest people.

Separately, Cramer spent 3-4 minutes last night saying it's time to buy RVLV. It's up 7.5% this AM. Course it's been getting clobbered recently.

[Louetta]

About January 2 I bought PGX, PFF, JDD and BDJ after each hit or came close to hitting 5 year lows due to interest rate rises resulting from Fed actions and remarks. Interest rates have now come down substantially but it seems the rate reductions in the past week had relatively little additional effect on the above named issues. Accordingly I sold half of each today figuring rates mayhap will not continue to fall sharply from here and in any case the stocks weren't really responding.

Above from 8-9-19. Sold the rest of these. They are down again today. They should go up as rates go lower but then again 3 of my 7 preferreds are down today and the other 4 haven't traded (not unusual). Mayhap people fear the banks will get in trouble as most of these are issued by banks. Anyway, I have plenty of cash if I can figure out what to buy.

[BlueWolf]

Bought some Jan 17, 2020 calls on TLRA. Motley Fool is pushing it as an alternative to TTD. I'm not a big Fool fan but their influence plus increasing revenues might give the stock a push.

I like Motley Fool, but you have to careful about which analysts you follow. I’m not familiar with the fellow who wrote this article, Daniel Sparks. If Tom or especially David Gardner (the founders) recommend something, I take notice. David Gardner’s track record is incredible. Aaron Bush, Karl Thiel, and Tim Beyers are all also very good analysts. Abi Malin is one of their younger analysts and seems very sharp too.

As for TLRA, their revenue stream seems to be ramping up nicely, although it does seem to be seasonal. The thing that would worry me a little about TLRA is their chart. Even though they had a nice beat just a few days ago, the stock price didn’t react well. It has been creeping up since March, though, so with next earnings not until November and barring any bad news events, it plausible that share price should continue to creep upwards. If the market regains its upwards momentum, I could easily see a 10%-20% gain in this stock over the next several months.

Good luck with it, Louetta.