MonkeyK's Expert Dogs

Bank aquisitions begin

Rating: 0.50 (4 votes) Vote:

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TD Bank to Buy Commerce Bancorp I mentioned irrationally deflated bank prices as a potential trigger for another round of bank buyouts. After all who wouldn't want to buy good debt at a discount?
Could this be the beginning of the bargain hunting?

Global insanity

Rating: 0.26 (62 votes) Vote:

US Global Investors (GROW), takes on a fund with 16 million dollars in assetsand GROW's price drops?

Assets under managment is how GROW makes money. Taking over an existing fund is also a demonstration of US Global Invesotors appeal as an investment firm. I will be buying more. I'll also be selling my shares of BW to fund the purchase of GROW.

Follow up on irrational exuberance

Rating: 0.86 (7 votes) Vote:

Well, I did get my sell on BKUNA...
However, perhaps I am an irrationally exuberant investor. Why did I feel the need to make those trades? Seems to me that I wanted some action. I could see something about to go on, so I tried to capitalize on it short term.

Imagine, I have a million dollars invested, in just a handful of stocks and I want to go tweaking them. A far more sane approach would have me in like 20+ stocks with longterm prospects of doubling, but I already know that I don't have the time for that kind of research. But I find the time to try and time buys and sells in the middle of the day based on 5-10% gains. Kind of inconsistent, huh?

This is part of why I am an amateur.

Anticipating "irrational exuberance"

Rating: 1.00 (9 votes) Vote:

I anticipate the Fed announcing a rate cut. I will guess that everyone will be relieved and Financial stocks will climb for a short while and then fall.

If this happens, I want to be ready to take advantage of it, so I put in sell orders on all shares of:
BKUNA @ 18.15
ASBC @ 30.15

These are probably high prices, I am really just trying to capitalize on anyone taking the expected news a little too well.

Following any irrational exuberance, should be the realization that we still have to worry about inflation. If either sell order goes through and I get the chance, I will buy as many shares of gold/silver producer stocks as I can. This will will probably involve positions in NXG,IAG, SLW.

what does it mean when two related entities buy a majority stake in a company?

Rating: 1.60 (15 votes) Vote:

Well, I tried to post this on a the MSN forum, but the forum wasn't having any.

Let's see if anyone is reading this by posting an open question:
I started buying LNX because of all the insider buying that I was seeing, but then I began to see a strange pattern.

Director Conrad L. Bringsjord has been buying like mad with a porfolio that he manages (Clinton Group) buying matching ammounts. Combined they now own 28% of the company. Is there an implication that I should be drawing from this? Is a trend like this good or bad for ordinary minority shareholders?

My take? It can only be good. A search for Conrad L. Bringsjord shows that he is a specialist in mergers and aquisitions. That he and a fund he manages are buying up LNX, I can only guess that he sees the company as a meaningful aquisition target. Since he and Clinton Group have been buying since around $7, I am guessing that they see LNX as worth more than that.

I've never done a blog before. It kind of feels like writing into a black hole. If anyone reads this, please respond with your thoughts in the comments!

Buying Deerfield

Rating: 1.50 (2 votes) Vote:

I just put in a market order for Deerfield to the tune of the rest of my capital.

Factors influencing this are:
-"Expert" Tobin Smith's recommendation which noted a 17% dividend
-recent massive insider buying
-today President Bush announced that he will propose something to help homeowners avoid foreclosures (this can only help a REIT)