Thread: Teakdoors stock portfolio

Spin, I know I am a thickkie in these sort of things, but don't you have to pay some sort of brokerage charge or commission on the buying and selling of the stocks? This would surely eat into the TD Virtual profit.

^ Props, there isnt any charge for the game stuff on here, in real life I pay 1$ per trade each time i buy or sell 200 stocks. So I could take away a few dollars from the totals but it would be only a little bit. Some brokerages charge like 20$ per trade which is very expensive. I use a company called interactivebrokers (.com) and they are cheap and very efficient.

Ok lets do an update, the US markets tanked today on the biggest headline which was that Ford Motor Company had lost a pile of money that would actually stand about 5 meters high in 100 dollar bills. So how the hell could you "lose" nearly 8 billion dollars in three months?, are they giving cars away or something?
Another group to tank was the financial companies, now they had a great little run up last week and a few talking heads on telly got excited and were saying "maybe the worst is behind us?" As much as i would love that to be true and for the worlds econonomy to recover tomorrow it just isnt going to happen just yet. So our position in the SKF fund came into play today, now rememeber the value of this goes up when the financial sector values go down. It recovered its losses today and moved into profit. Gotta keep a keen eye on this SOB though, it moves up and down faster than those doeramon knickers on Soi Yodsak
The other disapointment today was the fert stocks, they all finished down today even though POT announced it was making 200% more money than this year,than it did at this time the last. It doesnt make sense but as a long term investment there winners. I'll buy back in soon when the wild price moves and sell offs settle down. I'll be more careful with the timing this time.
Dow jones finished at 11,355, 276 points down / -2.4%
S&P500 finished at 1253, 29 points down / -2.2%

Our Freeport (FCX) shares look doomed for a good while yet, I'll wait until folks have finished selling in a few days and buy another 200, this will "average down" the average price paid for each share, this will help us move into profit sooner when commodities recover later in the year.
Not a bad day considering we banked 1600$ early on.



Gonna be intoducing a few other companies over the next couple of weeks, perhaps some stuff from the emerging nations like Brazil, India, China.

Terrible rout today on Dow and S&P. Financials down over 20% in some cases. Don't say I didn't warn you.

Too busy to post for a while due to the chaos, but FFS, close any long positions now!

BBKA

Originally Posted by bkkandrew

Don't say I didn't warn you.

You did warn me, and SKF in the insurance policy I bought

Quiet day today after yesterdays storms. We moved 700$ towards profit for the remainder of our stocks.
Total banked gain for the week is 1650$.



The agriculture/fertilizer stocks had a better day today but I'm not jumping back in until I get some signals from the charts just to be safe.

Another week start and its back to normal for the US financials, they got totally crushed today as the International Monetary Fund announced there is no end in sight to the US housing downturn and that credit losses are not over and that sub-crime write downs could top 1 trillion dollars
Dow Jones down 240 points to 11130 a 2% drop
S&P 500 down 22 point to 1235 a 1.8% drop
Nasdaq down 46 points to 2264 a 2% drop.

So to the portfolio as it stands FCX Freeport is still way down. Quite embarrasing that one
SKF played a blinder today, nearly 5K$ ready to bank on that one.



I'm just waiting for Mosaic (MOS) to report earnings, should be out any minute.
That might give us a signal to jump back on the fertilizer band wagon......

Mosiac numbers are out....

Mosaic Quadruples Fiscal 2008 Fourth Quarter Net Earnings Over Year-Ago Quarter
Operating Earnings Grew 228% to $1.2 Billion

HIGHLIGHTS The Mosaic Company reported outstanding financial results, including net earnings of $862.5 million, or $1.93 per diluted share ("per share"), for the fourth quarter ended May 31, 2008, an increase of $659.9 million or over four fold compared to the same period a year ago.

Fourth quarter results and other recent noteworthy events included the following: - Operating earnings of $1.2 billion, or 34.0% of net sales, up from $359.8 million, or 21.4% of net sales last year. - The average diammonium phosphate (DAP) selling price was $754 per tonne, which was substantially higher than the third quarter fiscal 2008 and fourth quarter fiscal 2007 selling prices. - The average muriate of potash (MOP) selling price was $335 per tonne, which was substantially higher than the third quarter fiscal 2008 and fourth quarter fiscal 2007 selling prices. - Cash flow from operating activities was $1.0 billion for the fourth quarter of fiscal 2008 compared to $253.5 million last year. - A tax benefit of $24.1 million, or $.05 per share, primarily related to a reduction of the valuation allowance on non-U.S. deferred tax assets. - Return on invested capital of 30.2% for fiscal 2008 compared with 8.0% for fiscal 2007. - Mosaic achieved its goal of investment grade ratings on its outstanding senior notes in early June 2008

Looks like they smashed the estimates.

Ok just purchased another 100 SKF at 130.50$ We got panned by another nonsense financials rally today

Buy: 100 SKF [at] 123.40$

Ok then, where we at? Commodoties had a better couple of days and they may have turned a corner FCX dragged 1000$ back in the right direction today.
The SKF position is now 400 shares, that means small moves make/lose plenty of money.
Any day now the US financial companies are gonna capitulate again. These too much bad news around for them to hold onto their recent gains.

No update today, not much change, The markets tanked, nothing new there though

^Have you seen the articles on US recession on Bloomberg today?

I posted them on the oil thread and the US - strongest economy BS thread.

^ Yes, i also have the Bloomberg tv channel on in the background each day for about 8 hours. Its all starting to depress me, I might go to the beach for a week or two and get a tan. Oh forgot, I need to make some coin to do that

Ok BUY FCX 100 [at] 91.85

Buy another 100 FCX at 86.25$ Commodities are being crushed at the moment. The world isnt ending tomorrow but the way folks are selling off good companies in a panic you could be forgiven for thinking it was.

Ferts are beaten up again but I think I'll dip in at these prices.

BUY 100 POT 193.50$
BUY 100 MOS 117.80$

^ they are only good companies if they have sales - valuing assets is a bit dodgy at the moment

^ POT and MOS pretty much sell all the fertilizer they can make these days. Very strong fundamentals but getting beaten up with the materials / commods sector at the moment.

BUY 100 POT 175.00$
BUY 100 MOS 108.76

and this is when diversification becomes handy

where are the graphs, Spin, I miss them

^ do you think commodities are entering bear market? Where do you see commodities in one year?

Spin, I still believe in fundamentals.

Food is in shortage, caused by recent natural disasters and increased wealth in China to purchase.

Oil production shows no sign of increase from 2005 levels. The current economic collapse in US, followed at present by UK, Spain and Eire is simply negating this issue. The pervasiveness of the collapse will determine demand for the next 24-36 months. Make no mistake, once the Western economies recover, they will be competing with China for the remaining oil.

Gold is another story. The $20 decline today is possibly a reflection of the recent strengthening of the USD. If it is, I would agree it is unfounded.