My top 10-ish positions in no particular order: IGK/IDG, NRF-A/B, UVIC, GPOR, EBIX, IDCC, GILD, FR-J/K, COPJF.
New positions: SOHU, STPJF, TIP
Positions increased: IDCC, PBEGF, DRAGF, HRBN, NXY, GLW, UVIC, NEWN, CEU
Positions reduced: AEH, FR-K, IDG
Positions eliminated: RINO
Pretty active week and a half.
With income securities charging higher and yields getting lower, the choices are not good in that market. Either you hold existing positions and risk another Euro-world-USD-panic drop. Or you sell and have cash earning peanuts. I sold some AEH, FR-K, IDG and bought some TIP. Not necessarily a great play.
With almost all companies through Q2 reports, some of the sales and purchases are based on the numbers reported. Sold all RINO - 48M operating cash flow loss is nothing to be happy about. The stock is up, but I am out. May sell some other companies that reported so so results.
Nothing very new in the increased positions list. Mostly E&Ps (PBEGF, DRAGF, NXY) - partially replacing my OXY and MILL sells - and my other favorites. Added GLW after couple months pause. CEU, HRBN and NEWN reported tolerable but not very great numbers, so I added some shares.
I bought speculatory-exploratory position in STPJF Canadian oil sands junior.
SOHU is not very cheap, but it is one of the bigger Chinese internet companies that might be attractive for small entry. |
