In September I here added a Cohen and Steers Closed-End Fund which was subject to a distribution increase, RQI. Similar to a prior holding, SLS, which was discussed in the webinar, RQI allows me to diversify my portfolio so as to include categories of exposure to income assets whose income can be dynamic. There are risks in everything of course, but I want to pick and choose which risks I accept in what proportions, rather than embracing peak interest rate risk in all Taxable Income style holdings.
Strategies
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I continue to believe the market for Closed-End Municipal Income Funds is extremely inefficient. I’m certainly happy with what I observe in the daily fluctuations, income, prospects for monthly dividend hikes, and attractive valuations in the funds I hold.
At GEARS we have developed unique tools to find improving fundamentals companies when their share price is depressed and identify deteriorating fundamentals companies when their share price is extended. To perform that analysis, we have created an accurate set of fundamental performance metrics and a share price volatility calculator.
The Micro-Cap Aggressive model added Direxion Daily Small Cap Bear 3X Shares (TZA) to their model this week. TZA is a bearish ETF that attempts to deliver results that correspond to 300 percent of the inverse of the Russell 2000 index. On October 8th, the fund was trading at a […]
It has become accepted wisdom that the stock market will move in an inverse relationship to the dollar. That is exactly what happened last month as the dollar index fell and the stock market rose sharply.
Author: Bob Gay, GEARS Disclaimer: Bob Gay owns FCS in his Covestor Earnings Surprise model. October 8, 2010: At GEARS we have developed unique tools to find improving fundamentals companies when their share price is depressed and identify deteriorating fundamentals companies when their share price is extended. To perform that […]
September was a good month for the market as well as a good month for my own account. Seemingly climbing a wall of worry about renewed real estate foreclosures and concerns about the implementation of healthcare reform, and seemingly endless government red ink, the market found the S&P opening up at 1049 on September 1st and closing at 1,141 by the end of trading on September 30th. This marked the best September in over 50 years for stocks.
Major Indices including the S&P 500 and the DOW gained significantly in the month of September. However, my trading account showed a small gain of .2%.
In the MergerArb model, manager Atlas Capital looks for potential takeover targets and, depending on their liquidity and share price, considers adding them to the model. This week they added two positions. The first was Lions Gate Entertainment Corp (NYSE: LGF). For months, Lions Gate has been attempting to merge […]
Disclaimer: Leif Eriksen owns BBEP in his Covestor Performance with Protection model. October 1, 2010: It’s official. September 2010 is the best September in the market in 71 years! What has traditionally been a seasonally weak period has defied expectations. Another reason not to pay any attention to the noise […]
Model manager GEARS added two new positions to the Speedboat model this week. The first, Intevac Inc (NASDAQ: IVAC), is a developer of cameras, low-light electro-optical sensors and imaging systems. Their second quarter 2010 financial results showed a 107 percent increase in total revenues over the same period the previous […]
The Speedboat model displayed its volatile return characteristic in September with a strong recovery from the weak August. This is a leveraged long only model that is designed to produce superior returns, but higher performance volatility is a feature associated with that.