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Strategies & Market Trends : Value Investing -- Ignore unavailable to you. Want to Upgrade?

To: Spekulatius who wrote (56998)	3/1/2016 5:07:49 PM
From: Jurgis Bekepuris	Read Replies (1) \| Respond to of 78704

Good for you. :) Longer X bonds are still at 20% yield (2018s are at .80, 2020s are at .63). I am going to hold for 10-12% yield before selling. I bought some BRS 2022s. Still holding CHK 2020s and DNR 2021s. CHK went to .14, now at .25 or so (but no bid/asks on Fido most of the time), DNR went to .23, now at .30 or so (also no bid/asks most of the time). SFY defaulted bonds are trading at .03 (also no bid/asks).

To: Spekulatius who wrote (56998)	3/2/2016 5:08:52 PM
From: upanddown	Read Replies (1) \| Respond to of 78704

Speaking of steel, does anyone here follow CLF? I had the mandatory convert CLV which converted to CLF just as CLF bottomed in late Jan. I got killed on CLV but CLF is a double since then. It is really almost a call option on some eventual recovery in iron ore and steel. I tell myself that this little two dollar company made $11.60 profit less than 5 years ago at the height of the China steel bubble. Just recovering to 10% of that peak should make CLF a $10 stock. As usual, when the conventional wisdom is that commodities are dead for a long time, they come to life.