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Mercury General Corporation Message Board

teerod88 20 posts  |  Last Activity: 11 hours ago Member since: Jul 24, 2008
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  • Reply to

    Avago is a no go!

    by analogpostit May 14, 2015 9:11 PM
    teerod88 teerod88 11 hours ago Flag

    You really cant go wrong as long as the economy picking up is still ahead of us. They print cash in an improving economy.

  • Reply to

    Avago is a no go!

    by analogpostit May 14, 2015 9:11 PM
    teerod88 teerod88 17 hours ago Flag

    Still waiting for that short-term 5% drop.

  • Reply to

    nice to see NYCB in the 17's

    by steved11793 May 15, 2015 5:41 AM
    teerod88 teerod88 May 22, 2015 12:30 PM Flag

    It's going up with other financials on the expectation that interest rates are going to rise translating into a much more profitable climate for lenders.

    I wouldnt sell as long as higher interest rates are out there in front of us. Just collect your $1 dividend as long as that looks like it;s in the future.

  • Reply to

    Beginner's painful experience.

    by cji_work May 18, 2015 3:29 PM
    teerod88 teerod88 May 19, 2015 6:29 AM Flag

    were you a gold bug also?

    You arent seriously buying this for a potential debt crisis in the fall and a Presidential election next year? They are buying options with one month expiration and youre looking out a year.
    Youre going to get killed if you do.

    In my opinion Greece is nothing. It certainly isnt a secret to the market as it goes up. Neither are potential interest rate hikes later this year. We are due for a correction, but I dont think any of the events you commented on will do anything.
    .

  • Reply to

    Beginner's painful experience.

    by cji_work May 18, 2015 3:29 PM
    teerod88 teerod88 May 18, 2015 5:39 PM Flag

    An experienced investor has no business telling you to invest in this. At best it's a leveraged short term hedge on the rest of your portfolio. You shouldnt have more than 5% of your stock market money in this. It's very high risk.

  • Reply to

    Beginner's painful experience.

    by cji_work May 18, 2015 3:29 PM
    teerod88 teerod88 May 18, 2015 5:37 PM Flag

    Number 1, dont take anyones advice if you dont know whats in it. Most experienced investors dont know squat

    The reason it's going down is becasue it invests in short term options. Short term. The market has been going up with no fear in sight.

    VXX will go up when people begin to fear losing moeny and the market goes down in big chunks. The Dow and SPX are at all tieme record highs, the Nasdaq nearly at one.

    The market isnt afraid of the FED, the Middle East is a mess but it doesnt matter becasue oil prices are still very low.

    We are due for a bounce, but it could keep going. How much pain can you take?

  • Reply to

    Avago is a no go!

    by analogpostit May 14, 2015 9:11 PM
    teerod88 teerod88 May 15, 2015 3:44 PM Flag

    Still not too late to short it.

  • Reply to

    help

    by kelway747 May 12, 2015 5:01 PM
    teerod88 teerod88 May 13, 2015 7:23 AM Flag

    The only way youre going to make money on this is if the market really makes a big swing down. If it goes up big, is flat, drifts up or drifts down youre going to lose money because of the time degradation of the options.

    The sweet spot for this is for people to think about dumping and we havent been anywhere close to that since last fall.

  • Reply to

    West Coast Dock Strike Play

    by teerod88 Feb 19, 2015 10:54 AM
    teerod88 teerod88 Apr 6, 2015 11:18 AM Flag

    I sold. They have a weak economy, a strong dollar and they will do nothing for years, if ever.

    They have nothing going for them if no one mercifully buys them. They wont get any premium you can bank on that.

    They could get people at the local lemonade stand to run it better.. Not that he deserves the bulk of the blame, but on the conference call the new CEO (Who struck me as more of a quant than a leader) mentioned that the salesforce was starting to get back out there after the previous CEO left.
    I would have had them make one stop on their way out to start making sales calls again. I would have sent them to HR and told them youre being fired because what were you doing sitting around when you were collecting a paycheck to be out selling?

    Why kind of management would tolerate their sales force not being out there?

  • I've never seen a company have more confusion surrounding the scheduling and communicating an earnings release and a conference call. I bought this because it's cheap but old management was horrendous and now new management isnt off to a very good start. This is their website rewarding the release which apparently was changed to today before the open. Does anyone know whats going on there? Scheduling and communication should be a strength for a transportation logistics company you might think. Sounds likehtey need to fire a few more.

    News Release
    UTi Worldwide to Host Fiscal 2015 Fourth Quarter Conference Call on Monday, March 30, 2015

    LONG BEACH, Calif., March 12, 2015 (GLOBE NEWSWIRE) -- UTi Worldwide Inc. (Nasdaq: UTIW) today announced that the company will report financial results for its fiscal 2015 fourth quarter ended January 31, 2015 on Monday, March 30, 2015, before the market opens. UTi management will host an investor conference call that same morning at 8:00 a.m. PDT (11:00 a.m. EDT) to review the financial results and answer questions.

  • Not a good sign for a company to be tardy to it's own earnings report. Either bad news or management cant execute. a meeting.

  • Eric Jhonsa, SA News Editor

    Universal Display (NASDAQ:OLED) has rallied to new 52-week highs today. Its move has come on volume of 1.26M shares, well above a 3-month daily average of 662K.
    Signs of strong early demand for Samsung's (OTC:SSNLF) Galaxy S6 and S6 Edge (unveiled on March 1, going on sale on April 10) could be giving the OLED materials/IP provider a lift. Samsung has announced S6 pre-orders have topped 20M, and Korea's Electronic Times has reported Samsung has upped its April S6/S6 Edge production target by 1M to 8M.
    The S6 sports a quad-HD OLED display that requires more materials than the S5's 1080p display. Its use of a metal/glass body (as compared with the plastic bodies of its predecessors) has been well-received.
    Samsung's shares have already benefited from S6 enthusiasm: Though they fell overnight in Seoul, they're still up 7% since the March 1 launch event

  • Reply to

    Investors take note of the VIX......

    by whataposdisis2015 Mar 10, 2015 12:07 PM
    teerod88 teerod88 Mar 10, 2015 12:17 PM Flag

    Or better yet, buy it when it's cheap as a hedge in your portfolio.

  • Reply to

    Enjoy the dividend but.....

    by shapiro.sanford Feb 1, 2015 8:27 PM
    teerod88 teerod88 Mar 9, 2015 3:29 PM Flag

    If you owned it since 2004 as I have you can also look at it reducing the $1$ per share dividend from your cost basis for every year youve owned it.

    For example, if you bought 1000 shares at 16 in 2004, your real out of pocket price is $4 without any capital gains tax if you are in a taxable account.

    It's not just any dividend, it's a safe 6% dividend. Where else do you get safe income at that rate, plus you also have the opportunity for good upside in the stock price if growth picks up and the interest rate curve steepens? It's taking forever but if you get paid 6% to wait, it's a great stock to just forget about, preferably in a non-taxable account.

  • Reply to

    Lack of commentary on New Assets

    by teerod88 Mar 2, 2015 7:39 AM
    teerod88 teerod88 Mar 3, 2015 9:36 AM Flag

    Thanks, I did see that. I was looking for an analyst who covers BPOP to provide an opinion.

    I sold yesterday at 34.85 when the buying ffom Friday didnt follow through.

    This is the third time I've traded BPOP and thought it was a good chance to capture a nice gain. I still think there is potential for this to go to the low 40's and will buy it again if it gets below 32. I dont think yo ucan go wrong if you get it that low.

  • Reply to

    Samsung 55 OLED is too expensive

    by teerod88 Mar 2, 2015 1:16 PM
    teerod88 teerod88 Mar 2, 2015 2:55 PM Flag

    I've been long for a long time and have been skeptical, but I'm as bullish as I've been. I think we'll know a lot later this year and early next year. Anxious to see how industrial lighting does too but that might be a few years yet.

  • Not doing too badly but they they need to drop the price to about 2000 and I think they will. 1080pi isnt worth 1000 more than the led4k to most people.

  • teerod88 teerod88 Mar 2, 2015 11:37 AM Flag

    Cant lose.

  • Has anyone seen anybody with an opinion on how this might impact the stock price? It's like everyone was caught by surprise.

  • teerod88 teerod88 Feb 28, 2015 7:51 AM Flag

    For the same reason I would be less interested in buying a stock long that has outperformed for 4 years. I see it continuing pretty much what it's been doing for 4 years, going down a little more than the yield pays you.

    And I'm not nearly as convinced as you that NLY is at the bottom. Based on what? What do you see that is going to break the down cycle?

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