Portfolio Update

Nicu — Fri, 11 Dec 2009 06:36:23 +0000

Seems that debt stricken companies (unfortunately in some cases even sovereigns) subdued in strength to generate cash and support creditor payments are having a tough time. One interesting example is MGM which paired in a glut expansion that is hard to sustain. Pairing up with Dubai World in Las Vegas City Center does not sound like a winning strategy. It will be hard to maintain their poker face with 15B in LTD on their balance sheet and with a credit line maxed up by bankers; the only thing they can to is to keep keep rolling the dices–unfortunately, the odds seem to be against the house this time–

Shorted 1500 shares this week.

All-Star Update

Nicu — Thu, 19 Nov 2009 05:50:39 +0000

Finally All-Star portfolio has made it to the blog.

I will provide you with a short update on today’s trades.

Firstly, I will cash out on some of my position in PCX. Stock soared post earnings as they provided great outlook. They expect to contract more for Chinese exports, they modified some of the quality mix of the coal so that they can take advantage of better prices going thorough the next year. Additionally, management declared they have a high degree of operational leverage for their metallurgical coal production and can increase production from 5M tons/year to 9.5M tons/year. I believe the stock might depress a bit more before it stabilizes.

Also with TNP I am taking some money off the table as it seems that the stock is reaching it’s 3 months resistance point of ~17. If it falls again, i’ll pick up again more shares as I did when it traded around 15 and gave us the returns we have.

So far, so good.

See you guys Friday!!!

iag | blog » All-Star

Portfolio Update

All-Star Update