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Intel Corporation Message Board

clrodrick 838 posts  |  Last Activity: Oct 2, 2015 8:14 PM Member since: Dec 2, 2005
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  • Reply to


    by ockiote Oct 2, 2015 3:57 PM
    clrodrick clrodrick Oct 2, 2015 8:14 PM Flag

    Wise words keltus. BDC performance as well as that of other high yield are telling us a story about how well things are going. Something is very wrong in these markets to see the junk spread explode against treasury rate while stocks move up strong. Something usually gives here. I think bonds are telling the truth and stocks will begin correcting again soon enough. I don't think BDCs will catch a bid until next year (maybe). People will have to content themselves with collecting the dividends and buying more with any future violent down moves in price. TCPC is looking attractive right now.

  • Reply to

    To expect the UNEXPECTED

    by thewisejman Oct 2, 2015 10:32 AM
    clrodrick clrodrick Oct 2, 2015 8:07 PM Flag

    Bad news for main street is good news for wall street today. All the bad reports ended up spurring the buy algos to go crazy, assuming that the Fed would ride in again to save the day with more QE and not even think of raising rates. This market is broken.

  • Reply to

    No message board for PSEC

    by lnhirst Oct 2, 2015 9:36 AM
    clrodrick clrodrick Oct 2, 2015 8:05 PM Flag

    Supposedly PSEC management complained directly to yahoo about all innuendo and lies being posted and asked them to either moderate it much better or remove it. Seems like yahoo decided to remove it.

  • Reply to

    YTD loss

    by j157272 Oct 2, 2015 8:20 AM
    clrodrick clrodrick Oct 2, 2015 7:24 PM Flag

    Sorry to hear that. Did you cover your MLP shorts yet? Hope so.

    I bailed on AI once they announced the dividends from 2014 were being reclassified to ROC. That along with the huge losses AI was incurring on hedges told me things were not right.

  • Reply to


    by staggman99 Oct 1, 2015 10:18 AM
    clrodrick clrodrick Oct 2, 2015 7:21 PM Flag

    I think NAP is trading very under priced right now as well. VLCC rates are through the roof, and NAP has profit sharing in place plus a couple are going off charter over the next few months giving them a chance to lock in an even better long term charter (I assume). Yet even with all that, NAP was making a new 52-week low just a few days back and had a 14% yield!

  • Reply to

    401 window opening

    by mikerx83 Oct 2, 2015 12:56 PM
    clrodrick clrodrick Oct 2, 2015 7:17 PM Flag

    mikerx83 - you may want to look into some closed end funds that are trading at significant discounts to their NAV. That way you get some diversity within each sector and for those that are trading at say a 10% discount, it is like buying a $1 for $0.91. :-)

    For preferred shares, I like FFC. For MLP, maybe look at CEM or FLP. Also some good bond closed end funds that are trading at decent discounts like PDI. cefconnect is a good website to look at any given closed end fund to see where it is trading versus NAV, how the dividends are taxed, major holdings in the fund, how much leverage is used, what the management expense rate is, etc.

  • Reply to

    All in

    by keebon Sep 30, 2015 10:24 AM
    clrodrick clrodrick Oct 2, 2015 7:10 PM Flag

    You truly did pile in right at the bottom...congrats! I am kicking myself for not establishing a sizable position in either SHLX or PSXP when they were both crashing. I ended up putting in a limit order for SHLX at $25. Unit price went all the way down to $25.20 and then started spiking back up too quickly for me to adjust my order. I hate when that happens, SHLX now up close to 30% from those recent lows. PSXP also up 25%.

  • Reply to

    $ 100 000per day.

    by kyosti.kiiski Sep 29, 2015 9:28 AM
    clrodrick clrodrick Oct 2, 2015 7:03 PM Flag

    This market is crazy. NAP is a few days back was making fresh 52-week lows even though VLCC spot rates were spiking up. I think they have a charter ending this month? Wonder what 5yr charters are going for right now with spot rates back so high?

    Also, DHT is still trading 15% off of its 52-week high even with spot rates hitting new highs and the start of the best seasonal quarter for tanker rates is just now beginning. I bough a couple more thousand shares of DHT/FRO and added to my EURN/NAT as well. I'm trying not to get too greedy with my allocations, but to me this seems one of the best sectors of the market to be invested in right now with all the cash flow being generated + the generous dividends. Compare that to the rest of the market which is trading in a valuation bubble.

  • Reply to

    rates skyrocketing

    by oropan45 Oct 2, 2015 11:22 AM
    clrodrick clrodrick Oct 2, 2015 6:58 PM Flag

    I completely agree! Been buying various tanker stocks this week, from FRO/EURN/DHT/NAT to NNA/STNG. Been buying NAP as well, although it's hard to buy/sell due to the low float and wide bid/ask spreads. Whoever is making a market in that stock is one devious person. Still, it's funny to think all these names are decently off of their 52-week highs even though spot rates are near the highs of the year and we are just now getting into the gravy part of the calendar for tankers.

  • Reply to

    does lakeed actually trade stocks or

    by oropan45 Oct 2, 2015 3:41 PM
    clrodrick clrodrick Oct 2, 2015 6:51 PM Flag

    oropan - I think you just got your answer, LOL. Time to use the ignore button with some of these posters

  • Reply to


    by belviderebon Sep 29, 2015 7:05 PM
    clrodrick clrodrick Oct 2, 2015 3:01 PM Flag

    BDC Buzz gets the kudos. I had no clue about this issue until reading about it from him. As you note though, the final chapter has yet to be written, and the worst case scenario appears to be manageable.

  • clrodrick clrodrick Oct 2, 2015 2:59 PM Flag

    It is not pacman specifically. I just think it's not nice to call out people that actually contribute info on a company or sector. Sure, pacman talks his book too much, but he also has provided a lot of interesting tidbits on MCC/MDLY and raised a lot of interesting points and questions. While I personally think it is way too risky to put all of one's money into one investment, it does not stop me from appreciating the info he provides, and that goes for everybody else that takes the time to dig through company filings and give some useful analysis.

  • Reply to

    OT: Hinds Howard on MLP

    by mr.phil2u Oct 1, 2015 8:04 PM
    clrodrick clrodrick Oct 1, 2015 11:56 PM Flag

    EPD continues to hike distributions as normal, come hell or high water with the overall industry.

  • Reply to

    Today I am RICH

    by thewisejman Oct 1, 2015 10:34 AM
    clrodrick clrodrick Oct 1, 2015 5:50 PM Flag

    You've been on fire lately with your trades. Nice going, enjoy your Canada trip.

  • Reply to

    More BULL

    by ockiote Oct 1, 2015 11:14 AM
    clrodrick clrodrick Oct 1, 2015 5:49 PM Flag

    The only way this happens is if people are willing to buy up stocks at increasing earnings multiples, because average earnings for Q3 and Q4 are likely to be soft due to the strong US dollar. It could still happen, but it won't be buying value necessarily.

  • Reply to

    You may want to grab some shorts

    by thewisejman Oct 1, 2015 3:56 PM
    clrodrick clrodrick Oct 1, 2015 5:48 PM Flag

    Truly, this is important info!! SELL! SELL! SELL! :-)

  • Reply to

    Latest GILD headline news

    by minister_of_disinformation Oct 1, 2015 8:12 AM
    clrodrick clrodrick Oct 1, 2015 5:35 PM Flag

    What, no Apple? Visa has a good shot

  • Reply to


    by belviderebon Sep 29, 2015 7:05 PM
    clrodrick clrodrick Sep 30, 2015 9:55 PM Flag

    Be aware that the tech venture capital oriented BDCs like HTGC, TPVG, and HRZN are facing a headwind with a recent IRS ruling. It could be a somewhat big deal or maybe not. BDC Buzz has written about the subject on his Seeking Alpha articles. Just something to keep in mind when valuing these names. It did not stop me from buying a bit of TPVG today around $10 though. :-)

  • Reply to

    Reason Behind Monday/Tuesday Selloff of BDCs

    by jimcooper28 Sep 29, 2015 5:44 PM
    clrodrick clrodrick Sep 30, 2015 9:53 PM Flag

    The perma bulls would (and are) arguing that since the recovery from the 2008 recession has been so slow, the recovery period before the next recession will be greatly expanded. Wishful thinking or a shred of truth? I will let everyone decide for themselves which scenario will play out.

  • Reply to

    What can I say?

    by thewisejman Sep 30, 2015 10:40 AM
    clrodrick clrodrick Sep 30, 2015 9:50 PM Flag

    I got significantly long today in the thought that the correction *might* be done with and the powers that be will convince everybody to buy the dip. I no longer own any inverse funds and I bought a glut of VTI/VIG and some select names like GILD, AMGN, AAPL, etc. We will see, I will be quick to sell should selling start up again.

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