Wild-Assed 2

[Louetta]

Both PSB/PRV and JPM/PRA have been called which did nothing to improve my general humor.

The above from 11/4/19.

Today it's COF/PRP.

[Louetta]

Interesting month for rates. I always like to watch the 10-year. Started the month at 1.88, now quoted by CNBC at 1.54.

https://www.treasury.gov/resource-center/data-chart-center/interest-rates/Pages/TextView.aspx?data=yield

[Louetta]

Bought a smidge of CRK. Fossil fuel investments aren't exactly the place to be these days but Jerry Jones and family gave a couple of properties to the company in August in return for 84% of the stock. A few days later on 9/4 he rang the opening bell on the NYSE and sat with the morning CNBC crew to talk about Ezekiel Elliott's new contract and pump his new company. In two weeks the stock went from 6 something to 10 something giving Jones a paper profit of 1/3 of a billion $. Now back in the low sixes it looked like a good buy. Latest 10Q shows tons of debt but a near break even despite low gas prices. Jerry is now looking at acquiring other properties from distressed gas producers. This is more a bet on Jerry Jones than CRK or gas. I figure he's smart enough to engineer a big profit out of the whole thing. Might take a while though.

Added to CRK at $5.57, no news just the price of gas I figure.

[BlueWolf]

Interesting little feature on CNBC with a lady reporting from Beijing that stores are running short of food and she saw people going in and buying as much fresh stuff as they could. No doubt the government will stop that but it shows how the virus stuff is having widespread effects I never would have thought of.

I wonder if we’re prepared for a real pandemic. It was way before our times, so most people don’t realize the devastation the last great pandemic, the Spanish Flu, caused in 1918. It infected 1/3 of the world’s population at the time or 500 million people. Over 20 million people died worldwide including 675,000 Americans, making it more deadly for Americans than any war we have been involved in. With modern modes of transportation, I expect that a super germ would spread even faster today than it did in 1918. Of course in 1918, antibiotics were in their infancy so we have that going for us, but that won’t help against a viral superbug. This situation is pretty scary.

[Louetta]

Interesting little feature on CNBC with a lady reporting from Beijing that stores are running short of food and she saw people going in and buying as much fresh stuff as they could. No doubt the government will stop that but it shows how the virus stuff is having widespread effects I never would have thought of.

[BlueWolf]

Brad Pitt is wearing a watch!

-------------billy

Did the ancient Greeks wear smart watches? Ancient alien theorists say yes!

[billyjoe]

Brad Pitt is wearing a watch!

-------------billy

[Louetta]

Li'l drama tonight.

https://www.youtube.com/watch?v=DAjD_rZMbgo

[jiesen]

wow.... so beautiful! Thanks, Louetta, this made my night!

[Louetta]

In tonight's selection a 20 year old Anna Fedorova offers up a little Chopin:

https://www.youtube.com/watch?v=HimvWI1nnlk&list=RDHimvWI1nnlk&start_radio=1&t=228

[BlueWolf]

Nice trade.

[Louetta]

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.

https://finance.yahoo.com/news/apos-...110100108.html

The above from 8-13-19. This expired today. I see I didn't mention in the original it was a $5 strike. On 8/13 the stock was at $8.05, the option at $3.20. Finished today at $10.98 and $5.90. 36% increase for the stock, 84% for the option.

Routine stuff but I think it's interesting to look at a real trade and the relative results twixt stock and option. Many ads for option trading services give examples where the options deliver much more impressive results. Also, if the stock had gone down $2.93 instead of up $2.93 the stock would be worth $5.12, the option $.12 and I would have lost 96% of my money.

[Louetta]

Here’s a press release I found on Seeking Alpha. Since it’s a press release, you have to take it with a grain of salt, but maybe there’s some information in there that will explain the optimism in the stock right now. The release certainly paints a very glowing picture about the possibilities for the Waterberg mine.

https://seekingalpha.com/pr/17749160-platinum-group-metals-ltd-reports-first-quarter-results

Addendum: According to Simply Wall Street, the spike is due to heavy insider buying.

Thank you, that was interesting.

Fairly far down in that report is the paragraph: "On July 12, 2019, Platinum Group, together with an affiliate of Anglo American Platinum Limited (AGPPF) (''AAP''), launched a new venture through a jointly owned company, Lion Batteries Technologies Inc. (''Lion'') to accelerate the development of next generation battery technology using platinum and palladium." I realize there are many people doing battery work but if something came of that they would perhaps have an inside track since they (plan to) mine their own platinum and palladium rather than buy it elsewhere.

[BlueWolf]

Here’s a press release I found on Seeking Alpha. Since it’s a press release, you have to take it with a grain of salt, but maybe there’s some information in there that will explain the optimism in the stock right now. The release certainly paints a very glowing picture about the possibilities for the Waterberg mine.

https://seekingalpha.com/pr/17749160-platinum-group-metals-ltd-reports-first-quarter-results

Addendum: According to Simply Wall Street, the spike is due to heavy insider buying.

[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.

The above from 8-30-19. As of 12/20 PLG was trading at $1.31. Today it is up 30% to $2.52 (a day's high at $2.86) on 10X normal volume. They did file an earnings report on EDGAR yesterday but I see no information there that would justify any kind of move (except maybe down). We'll see.