Time for a quick update of my current holdings! It's quite a list, but I thought some people might be interested. There's a pretty large skew toward financials currently (9 total) and I'm doing EXTEMELY WELL with them:
ABK
AGO
BAC
BCSI (highly recommend today at $14.xx)
CNB
EFFC
EMC
ERFW
IAHL (stuck HOB on this POS, do NOT buy)
IAU (gold ETF, hedge against falling dollar plus I'm bullish on gold)
LNGT
NCC
NTWK (recommended BUY)
OXBO
PG
PTEI
RDN
SCA
TGC
TMA
USMO
V
WFC
WM
OLD PORTFOLIO
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Thought I'd join in this new forum section! I find it interesting. Most of my portfolio money is tied up in long term plays since this is my retirement money. I have about 20 years to retirement and I want to grow this account as much as possible. There's a few strategies I use:
* Invest in large, bluechips primarily. Company's with proven track records, solid earnings and good managment. These types of company's are proven winners over the long haul.
* Invest in big dividend paying company's. Nothing like a little icying on the cake. Over this 20 years, the divy's really pay off well and kick the snot out of any savings account yields.
* Reserve a few grand for playing short term stocks, pennies and quick flip opportunities.
Here's what I'm currently holding and why:
* SOLD POSITION 08AUG2007: AAV (Energy) - Huge divy payer. I'm not married to this stock and will dump it if it ever looks like it will near my entry price of $10.61. I have a trigger set to dump at $11.00 to assure me a profit. So far, the stock has treated me well and I've reaped a lot of divy cash.
CSCO (Tech) - I bought a ton of this way back at $18.59 as a long term tech play. It's done, very, very well.... as I guessed it would. I sold most of my position at around $30.00 to generate some capital for stronger, short term plays. I'm now riding a measly 30 shares, but they were "free" plus I made some good green. I still like CSCO, it's a strong company, but they didn't pay dividends and I'm a divy Ho on all my long term holds.
* SOLD POSITION CVX (Energy)- Great divy payer, but a short term oil play for me. Just bought into this during the Aug bear market. I see it as a bargin as the price should return to the $90 level fairly quick.
EGLE (Transportation) - Love this company, dry bulk shipping. Huge divy payer and a long term hold for me. Excellent management and great PPS growth. Plus, it's a good stock for adding diversity to my portfolio. In Aug 2007, they acquired a huge number to ships to add to their fleet. This addition will bring EGLE an additional $1 billion in revenue per year. Sadly, this announcement came during the bear market, so it barely upped the PPS. I expect a HUGE increase in the PPS when investors wake up.....especially once the benefits of the extra ships starts showing in the financials. It's going to be a crazy PPS increase at some point in the future.
FRPT (Capital Goods?) - ARRRGGGG...what more can I say. I'm losing my ass on this stock I bought as a short term play. I figured the demand for the MRAP vehicles would skyrocket. I was right, but the PPS dropped like crazy due to other suppliers gaining contracts and a bizzare market in this segment. FRPT is still the Mecedes of the MRAP's, I think FRPT is solid and will appreciate with time...but I bought it as a short term play and now I'm stuck "holding the bag".
IBKR (Tech) - Bought this on IPO day as a gamble. It's a very, very strong company with a bright future. The IPO tanked and now I'm stuck holding this one too, but I feel better about IBKR than FRPT since it's a tech that is very strong with a product in huge demand. I wish they paid a divy, but oh well.
PCL (Basic Materials?) - Big divy payer and a good "diversity" stock for my portfolio. The stock PPS has treated me well until the Aug bears. Not just a lumber play, they are the biggest private land owner in the USA. You just can't go wrong owning land in this great country. While I wait for the PPS to get back on pace, I can collect some killer divy's and it's a very solid company....that's why I love this stock.
PG (Healthcare?) - One of the best run, most solid companies in the entire world....if not #1 IMO. How can you go wrong for a long term stock? Just look at the 20 year chart for PG! Divy's, splits and bear market resistance....I love PG for a long term hold.
PTEL (Tech) - Pure speculation play. I'm holding 20000 shares of this stock because **** is big, big business even though I'm morally opposed to it. When it comes to making money, I put aside any emotions or feelings. PTEL is a very promising company and one of the few **** stocks available to investors. This is a long term hold for me and I knew that going in I was going to hold this for years. My avg PPS is 0.13 and I'm looking for $2-3 minimum before I think of selling....and I think that PPS is achivable for PTEL. I rarely like Pink stocks, but for this one I made an exception based on all my DD work.
TSXT (Healthcare/Pharmaceutical) - Short to med term hold for me. Company is in a huge turn-around phase after some bad management almost destroyed it. They have contracts with some of the largest retailers in the world and are on an excellent track to success. I expect to see great things out of this company, but it's going to take some time. As little DD work will show, this is a super Pink IMO.
USB (Financial) - Short to med term hold for me. This stock is way, way down and should return to $40 levels with a little patience on my part and a strong, bull market. Very little problems with "junk, subprime mortgage" loans compared to other banks. One benefit as I wait this one out, they pay some excellent divy's! I have 4 accounts at USB so it's kind of cool to own 250 shares.
* SOLD POSITION 10AUG2007 XOM (Energy) - What's to say? You really can't go wrong in oil, look at XOM's PPS for the past 25 years. Plus, I get some decent divy's during my year wait. This stock and PG make up a large percentage of my portfolio because they are as solid as solid is. (*Dang "Hot fuel" issue, driving already bearish stock down even farther)
THO - Declared a $2/sh divy. Sold my AAV and bought into this position to snatch up the big divy. Holding the bag on this one now....down it goes. I should have waited until 3 days before the divy date...note to self>>>>DUH! Saw a bull move and chanced it, I was wrong. LOL
VMW - IPO (13AUG2007). It's going crazy! Had to buy in @ $57.90, stop trigger at $58.50....I can't lose now. Update - It's a beast today 10SEP2007, it made a new high of over $75. Did I say "I love VMW" yet?
BadThad's Portfolio and Comments
:D
This is my retirement savings we're talking about. LOL I'll stick primarily with the big board.
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