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Strategies & Market Trends : Value Investing

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To: Spekulatius who wrote (48078)	5/24/2012 4:23:28 PM
From: E_K_S	Read Replies (3) of 78459

Bunge Limited Bunge Limited (NYSE: BG) - closed out position COMPAGNIE GENERALE D (Other OTC: MGDDY.PK) TESCO PLC SPONS ADR (Other OTC: TSCDY.PK) goo.gl Closed out position in BG. These were shares bought 1/2012 at $58.67. I did not want my small profit to disappear so I sold my small amount of remaining shares and booked my 3.5% profit. I will re-enter at a lower price, hopefully below $50.00/share. Both TSCDY and MGDDY have now traded x-dividend and are about 10% lower from my earlier sells. I plan to re-enter these two on another 10% sell off when/if Greece announces their exist from the EU and we see a huge sell off in EU stocks. On the positive side, SFL came out with good earnings (due to their FRO "sweep" agreement) that added an additional $0.17/share to their results. I sold August $15 cover calls on half of my shares to lock in an additional 17% gain from my earlier purchase. I should also receive another $0.39/share dividend. Last $15.01 +8.53% today on slightly higher average daily volume. For me, the best defensive is cash. June 17th brings in new Greek elections which will basically mean nothing as they will be booted out of the EU. EKS

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