Monday, October 21, 2013

Live From New York....

In the Big Apple today.  Nice fall day, watching news as I have a bagel and coffee.  I just saw where JPM is going to settle for $13b with the DOJ.  That is a huge amount, the largest previous settlement was $4.5b (BP with the Deepwater spill).  As you may remember, I owned JPM through mid March, I sold them due to concerns about their controls.

I snuck a peek at VJET today, it is up to 35.43, which is 60% above what I paid for it. Clearly my sale at $24 and change was more than premature. Oh well, at least I am now a net gainer in the IPO market this year.

In reading weekend stuff, I saw where Barron's wrote a very negative story about QCOR.  That was the reason I sold, as I was concerned about their sales practices.

It is stunning, my portfolios continue to just trek along.  One keeps waiting for a drop at some point, but not today.  In what was a flat day for the market, I was up 75 basis points.  GTAT was the big gainer, but KLIC and GNW made me a few shekels as well.

RIG Added to S&P 500

I mentioned last week that if I were to buy a single stock for my kids' college funds today, it would be RIG   They just seem like a great long term story.  Today I saw where they are going to replace DELL in the S&P 500 (Transocean to replace Dell in S&P 500).  That will be good news for me tomorrow.  RIG has become my 7th largest holding as I have been incrementally adding shares.  They are up almost 4% this evening.

I have not given a snapshot of upcoming dividends in a while, here is what is on the horizon. A couple siable ones with TC-PT and BBEP:

Stock Shares x Date Div/Share Est New Shares Amount
AOD       20,936 10/22/13  $         0.03              135.0            565
TC-PT         4,000 10/27/13  $         0.41                94.0         1,625
OIBAX         4,059 10/31/13  $         0.02                13.0               81
O             577 10/31/13  $         0.18                   2.0            105
INTC         3,718 11/5/13  $         0.23                35.0            837
CSQ         6,586 11/9/13  $         0.07                44.0            461
AAPL             196 11/9/13  $         3.05                   1.2            598
BBEP         3,584 11/9/13  $         0.48                87.4         1,720
CF             228 11/14/13  $         1.00                   1.0            228
IP         1,172 11/14/13  $         0.35                   9.0            410
TGONF         7,000 11/15/13  $         0.14                97.0            980

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