hey, hey, hey TB: obviously, everybody missed you!
>I thought you had reconsidered those FI animals...
fun to chase 'em, for lack of any other trade. Got a nice div scalp of T going right now, fwiw; will take 10% profit + $0.22/s payout scalp later today; 800s position.
I sold some (SEP) CCalls in September but, it was so close to expiry that it wasn't much of a hedge, fwiw. Moved about $30K outta bondz and put it into stocks; kinda sloppy... had SPY 125.5 trigger and ended up around 126.
>my perspective, we've only got about a week until all Hell breaks loose...
...mebbe two more weeks - "earnings churnings" and then we lose earnings/growth focus, bellwether leadership again - revert back to obsessing over bondz, cost of capital. Technically, looks like a bounce up to the upper-range of a DownTrend channel, don't it ?
I could rationalize, say that my CORE investment strategy calls for 10% of available capital investing when a dip of ~10% plus S&P below 200d EMA occurs. Reality is that I'm tired of stuffing retained earnings into bondz every month - been doing so all year - my bondz are going nowhere, and I'm still way overweight bondz : stocks... First "dip" investment I've made since December, Berney.
"That's what it (the investment capital) is there for", I told myself, "to be used".
Was toying with an "energy" sector CORE construct...
BPA + DD + DUK : SLB + ENE = 3 turtles : 2 rabbits
diversification...
BPA = OIX.X - BigOil
DD = CEX.X - PetroChem
DUK = UTY.X - Electric
SLB = OSX.X - Oil Service
ENE = energy financial service
~2.25% apr Yield
...would probably want to (hedge) counter-weight this with an equal amount of high-quality corp. paper, like GE bonds or something: back-test shows BIG cycles but, smoothed out nicely with a 50:50 = bondz:energy (or greater % bondz) counter-hedge. Works best with stock div. & bond dist. DRIP turned on. This is a classic "old money" portfolio around these parts (Texas).
-Steve |
