Clear Sailing ahead for Teekay Offshore...

         Teekay Offshore Partners L.P. (TOO) has long been a favorite of mine.  Recently, the price has been good and Held it's Value.  The main reason We own it is for the Div. in the 8% Range.  The Value Forward will be based on the fact that oil, regardless of the barrel price, must be Shipped and Stored.  Empirical Intuition Trading at it's most Elementary.  If you can catch it @ the $19-21 Range, GET IN.

 (a Buy Op, selfishly, I hope won't happen...)

Light a Candle And Hold It for the Vigil, If That's What It Takes; But Be Vigilant!...

     In my (long ago) Market Basics Posting on HubPages, I informed readers of the Three Different Types of Accounts We have and what the role of each was.  Lately, Our "Cowboys" has been VERY active with IN & OUT Trades (TIGC, CTIC, et al).  If those accounts hadn't the Vigil on them, we'd have losses; as we wouldn't have Caught the UPs or the Downs. 
     Unfortunately, one of my readers, has just "taken a bath" in her Playing.  It only took a day, but what a difference a day makes!  M-a-y-b-e your Holding and Working Accounts can afford a bit of neglect (with Sell or Loss Orders in place) --- but Cowboy Trades will not be a good investment vehicle if they are neglected.
     The Caution I'm  Posting, here, is to set up the OPEN/NOON/9PM Check-in on your Positions (DUH!) if you're into The Play.  And I'll reiterate my fav comment; "Pigs Starve".  10% Gains on a 2-Day Play should have Stop Losses applied!

(And we all bath, occassionally...)

Weyerhaeuser Company, A BUY?...

  Last year, we finally had enough profits to break out of our Comfort Level and purchase stocks over $20 per share.  One of the first Heavy Buys was The Weyerhaeuser Company (WY).  We went IN @ 36.21 on anticipation of surely rising housing construction and, as a Holding Stock, more future diversification into Real Estate Sales.  In May, we got on a bender to Dump "Non-Performing/Stagnant" Stocks to raise Buy Cash.  WY was on the guillotine and was sold on the 19th for 43.87.  It had come off the High of 53.89 and SmarTrend had perdicted a Downturn, c'est la vie...

    Investment Life went on, as we took the company off the Port Watchlists and relegated it to Prospectives.  The next Blip came on July 20th when the shares dropped from 41.83 the previous day to 15 + change.  This major correction was due to the fall in demand of packing boxes (??) and bad housing reports.

NOW...

     We just went IN @ 15.445, purchasing the exact amount of shares we did in October of last year.   Same strategy will apply and we'll toast the move, tonight; not only for going back in, but for the bullet we dodged earlier this year (we already raised a glass to that).

This, Boys and Girls

is how The Game is Played...

(Now, if only we could only get EVEN on ZOMA!!!..)

Surprise in Conflicting Results...

     Our Current Retail Portfolio Stocks (BBBY, CHS, DDS, DKS, SMRT, TLB) aren't often thought of by us as "Contrarian Stocks"*, but they don't seen to be hurting too much in view of Consumer Sentiment being Lower Than Expected in October '10.
     However, we did choose these stocks based on a Recovering Economy as opposed to some we may have chosen (but not purchased) for a Declining One; say, a WMT or TGC.  That Play seems to be paying off.

*"Contrarian Stocks" are those in Our Ports which go against the Dow, rising in price as the Dow is down and visa-versa.

Oct 15 (Reuters) - Thomson Reuters/University of Michigan Surveys of Consumers' preliminary October consumer sentiment fell to 67.9 from 68.2 in the final September reading according to a report released on Friday. Economists in a Reuters survey expected a preliminary October reading of 69.0.

Yesterday's FootNOTE - Today's Headline ...

Oh yeah, the dollar’s tumble is wrenching the globalisation consensus. The “Currency War” is again rumbling.  Still, were a long way from the Unreliable Accounting Practices of, say, The BRICKs!

Surely China isn't a Currency Manipulator...

Today...

     Getting ready to go back IN on WFC?  NOW is the time to stay vigilant...

Another Batch of Quantitative Easing - "Let The Good Times Roll"; But There Are Caveats, And Keep Your Stop-Losses Current...

    Investor Risk Appetite has risen with every hint that the US Federal Reserve stands ready to inject further liquidity into the economy via the purchase of financial assets.

     The Strategy, which will be the Second Batch of Quantitative Easing, and is therefore known as QE2, is the primary cause of the Dollar’s 7% Fall over the past month.

     And from the dollar’s decline traders can follow a well-thumbed bullish strategy map: the weak greenback boosts dollar-denominated commodities and helps US corporates, 50 per cent of whose earnings are made abroad. US equity futures are up 0.3 per cent.

     The trick for investors is to work out how much of QE2 is now factored into the market, or whether recent gains in riskier assets can be justified by the Fundamentals.  And, Hell, I really Hate Following Cos based on the Fundies (My Empirical Intuition goes out the window!).

     Sure, the Early Positive Indicators from the Third-Quarter Earnings Season may go some way to justifying recent optimism, but can such profits be maintained when the underlying economic data remains so tepid?

Also, global investors seem to be so in thrall to Wall Street’s moves that they are blinded to the fact that a rising S&P 500 based on dollar weakness is an advance built on US companies eating their international competitors’ lunch.

Oh yeah, the dollar’s tumble is wrenching the globalisation consensus. The “Currency War” is again rumbling.  Still, were a long way from the Unreliable Accounting Practices of, say, The BRICKs!

Chinese Investment On the Radar...

     We've recently been looking at China for an Investment Op after overcoming some resistance to the idea between us.  The main obstacle to Our involvement is the fact that China is still a Communist Country.  Although massive moves to a more Socialist Society have been Forced on the Rulers, it's Smart to remember what the New Russia did to Successful Cos; Destroyed Them, Imprisoned Their Officers or Outright Took Them Over.

 With this Caveat...

We're looking to China North East Petroleum Hldng Ltd. (NEP) for an investment oppotunity.  They've a Good Track Record and Proven Reserves.  @ around $7.00, we're happy going in Heavy.