Tag Archives: ETF

I Became An Instantaneous Oil Futures Stock Trader This Afternoon At 2:30pm.

by Anura Guruge


Click to ENLARGE & ADMIRE.


WOW! Talk about historic. Oil futures going BELOW $0.00. Oil prices, albeit in a futures contract, going below $0.00. Down to about -$32. Yes, MINUS $32.

Well, you don’t have to be Einstein to work out that they can’t be below $0.00 forever. Right?

Yes, short-term they might go down another $20. But, oil can’t stay below $0.00.

As some of you know I am a very active trader & investor. But, I have NEVER done oil before. Knew NOTHING about oil. 90% of what I do and what I have done is my sphere of experience/expertise high-tech. But, I am also uniquely equipped mentally & with the technology to do deep-dive research. And that is what I did. Flipped that magic-switch I have. Had my brain going in overdrive. Didn’t take long to work out what ETFs I needed to buy.

I had a fairly large stash of cash sitting on the sidelines just for an opportunity like this. SMILE. I pulled the trigger. No pussy-footing. I went in BIG. SMILE. V. BIG. Large trade. Now I am just going to sit back and wait. As oil demand comes back — as it has to FROM TODAY — I will be smiling even broader. This was insane.

So EASY. I am still smiling.


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Check Category ‘Investments.


by Anura Guruge

Did YOU Know That ‘They’ Now Have IPO Allocation FLIPPING Restrictions?

Anura Guruge, June 8, 2013.

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by
Anura Guruge


Related Posts:
>>
ETK called ‘FKU’ — Sep. 12, 2013.
>>
No longer own Apple — Sep. 11, 2013.
++++ Check category ‘Investments’ for more >>>>


I used to be an IPO junkie. The very first stock that I ever bought was an IPO of sorts, dear Margaret Thatcher’sBritish Telecom‘ (BT) privatization lottery. I got an allocation, and unlike others, I, as ever, played by the rules, and only submitted one entry. I was hooked. BT, to start with, did extremely well. I then participated in every other ‘British’ privatization IPO: BP, BA, BAA etc. etc. To say I was right in the thick of the ‘dot.com’ mania would be an understatement. It was my life. I consulted for so many of the major players. I was at the Wellfleet office in Burlington the day they went public – though I can’t remember whether they gave me an allocation! I do remember with great fondness that CrossComm, a company that I spent a lot of time with, did put me on their ‘friends & family‘ list and as such I did get an allocation. I am sure I made money on that.

I took part in IPOs by rote. It was the thing to do. Yes, of course, I got burned. But, it was fun. Part of the dot.com mania.

Given that I have been with them since about 1989, though I am but a very small minnow when it comes to assets owned, Fidelity does allow me to bid on IPO allocations. Since I tend to be ‘long’ (though my son the investment whiz of 2013 is trying to cure me of that bad habit) I usually don’t bid for IPOs since I don’t have ‘cash’ lying around.

In 2008 I did bid for VISA (V) and was amazed and jumping for joy when I got an allocation. That and the ‘Bear Stearns‘ stock I bought the day they went BUST ensured that 2008 wasn’t as painful as it was for others.

Recently I haven’t been that fortunate and I had stopped asking. I asked for VMWare and LinkedIn and was overlooked. I didn’t bother with FaceBook (FB). Instead, just for fun, I bought 5 shares, on the IPO day for “free” (i.e., using money from an options call) just to say that I had participated in the IPO of the ‘year’. Yes, those 5 shares are NOW making money after a year.

Until now I have never encountered restrictions on selling IPO shares.

Flipping IPOs at the pop was what you were supposed to do. That how you made the ‘BIG’ bucks.

Last week after I sold the last of my Apple (APPL) stock I looked at the IPO market as a ‘good’ place to invest some of that hard fought capital. Bid on two, got one: ClubCorp Holdings (MYCC).

But, it came with a NO FLIPPING warning from Fidelity. Stopped me in my tracks. Seemed so UnAmerican. You can’t flip IPO shares? What next? You are going to be forced to buy healthcare insurance?

I called. As ever they are very, very nice and helpful. Appears that other brokerages do the same thing too; i.e., protect the major shareholder SELLERS by preventing new owners from dumping their shares.

So here is the Fidelity rules on it. Yes, you can sell BUT then you incur their wrath with a penalty. So, as of now I am going to think twice about asking for IPOs.

Click to ENLARGE.

Click to ENLARGE.

Can YOU Say ‘No’ To An ETF Called “FKU”, Couldn’t Resist XOOM And This Seemed Providential.

Anura Guruge, June 8, 2013.

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by
Anura Guruge


Related Posts:
>>
No longer own Apple — Sep. 11, 2013.
>> AAPL, the conspiracy theory …
>>
Jan. 25, 2013.

>> No longer trust Apple …
>>Jan. 24, 2013.


As I had said earlier I had to go shopping for stock now that I had sold the last of my Apple holdings. I don’t go shopping for stock that often. I tend to be a long term investor — to my cost, as my son (now a investing whiz) would point out. I also tend to prefer funds since I know that they have better insights into stock that I would ever have.

But, it is always fun to spend a few hours looking around.

Over the last week, given that I do wake up to CNBC ‘Squawk Box‘ in the morning, I have kept on hearing that UK is on the mend (if not ‘the rise’) and that this is a good time to get back into the U.K. I like that. I started investing, thanks to Margaret Thatcher, way back in the early 1980s when she ‘privatized’ the previously government owned ‘British Telecom’ (BT). You had to apply, by mail, for those shares which were oversubscribed to a crazy degree. Suffice to say that the lucky ones, like I, who got some shares made out like bandits. After that I bought every one of the ‘British’ institutions that were privatized and did quite well on each: British Petroleum (BP), British Airways (BA), and British Airport Authority (BAA). So, I wanted in on Britain. Was looking around for mutual funds and ETFs. Found this ETF with the symbol ‘FKU‘. Cracked me up. Was going to buy it just for the symbol! But then old age kicked in. I realized that it would be irresponsible to buy an ETF just because its symbol amused me. So I ended up buying two different ETFs and a mutual fund — for U.K. exposure.

Click for details from MarketWatch.com.

Click for details from MarketWatch.com.

Fidelity informed me that XOOM was doing a secondary offering. I didn’t even know that XOOM was public in the U.S.

I, and actually the whole family, LOVE the XOOM Bollywood commercials. The Willow Cricket Channel used to be jam packed with XOOM ads — and they were fun. I usually FF over commercials — but with XOOM we would REW and watch them over and over again.

Here is one of our favorites — and they also have a longer version of it.

Click to access YouTube video. Check YouTube for others.

Click to access YouTube video. Check YouTube for others.

Well, XOOM is doing well and with those commercials they will continue to flourish. Plus they are in a boom market with the ever growing base of affluent asians. So I didn’t even bother to wait for an ‘IPO‘ allocation from Fidelity.

And now what I think was a bit of serendipity. GoGo Air made a big announcement this morning (Sept. 11). I could understand the potential. I love the name. They are going to offer 60Mbps of Wi-Fi! Wow. That is 4 times more than I can get with TDS. I think I might have to move to a plane!

Click to learn more.

Click to learn more.