Buys

Do your own research prior to making any investment/trading decisions. Always assume I am biased through direct and/or indirect ownership in any and all names mentioned. These are not recommendations but instead points of interest you may wish to do further research on.

Into this weakness I like the following names.

MPEL

Macao gambling play. Support at ~$4… sell if it breaks. I like the prospects of this company especially for Macao exposure. As the Chinese economy goes so too will MPEL, in my opinion.

TRID

At MR10Q had ~$202m in cash with ~$55m in total liabilities. Trading at $107m market cap at the moment ($1.70). Also have other assets ~$20m. Looking for $140-$150m market cap to take profit and stop exit on break of $1.50.

ELX

Received a cash offer of $11 – trading sub-9.50 currently… something’s off about this. Looks like a decent risk/reward in my opinion as there’s an offer on the table that represents a premium of >13% from the current price ($9.35).

TBT

I’m still a huge believer in high inflation coming through the pipeline. This is an ETF that shorts long Treasuries.

And finally, a throwback interlude.

This interlude is for the start of the next swing upward that (hopefully) starts Monday.

Bullish update

I neglected to mention this as part of my previous post. One of the core reasons I’m bullish in the face of the 2-3 month rally/consolidation period is because there remains a minority of market participants who trust in the rally/bullish recovery. This is one of the best indicators out there and it’s only available by immersing yourself in current events in the markets and infusing intuition. Barring an unforeseen event such as North Korea doing some real damage, I expect we hold the 875 – 880 level on the S&P.

As always you have to remain willing to adapt if conditions change.

In an interview the other day I was reminded of this speech. Well worth the time.

Buy Buy Buy (Value)

I’m no permabull, in fact, I prefer finding names to short because I’m a realist. However we’ve been due for a correction and we’re now on the receiving end of one. The realist in me is saying that we have been successful in our attempts to inflate our way out of full-on depression. The realist in me also feels there are great opportunities in companies with balance sheets that exceed their current valuations, on a relative and real basis. True value opportunities mainly occur in the Spring of an economic cycle. Forget the ‘green shoots’ talk and focus on real valuations, which at this point, are the true golden children of the next three-six months. Embrace the Spring and heed the wisdom within the above interlude – I can’t think of a better man (Rocky) to provide it.

Oh, and please remember (though I know the vast majority never do nor will) that Nature tends to hit us in the Northeast with one final, surprise snowstorm before Spring is truly ushered in. Don’t be surprised if it happens soon… and you won’t be if you position yourself in proper risk/reward names.

Best of skill to all of you.

-ISYN