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Old_Skeet, I'm very glad this worked out well for you. You realize this was a market timing decision. What made you so confident that prices would be more favorable now versus what you mentioned above, November thru March? For example, at this time in October, 2007, I don't believe that decision would have worked out well. Nor the year after, in October 2008. And you know there have been some nasty Octobers in the market, such as 1987 and maybe others, where this same decision would not have been good.Hi Catch22 ...
I used the decline in the Index's price line to add value and to enter into the spiff in time for the anticipated fall stock market rally. .....I made a guess as to how much these anticipated distributions would amount to and chose to position in while I felt prices in October would be more favorable than what they might be towards yearend; and, I fronted the money to make the purchases. I'll let the forthcoming anticipated capital gain distributions restore my cash allocation within my portfolio. Kind of clever ... Don't you think?
In short, I felt prices would be more favorable in October than they might be in November, December, January, February and March ... and, I chose to go ahead and position in to hopefully catching the anticipated fall stock market rally that usually starts sometime towards the end of October and usually runs through the first quarter of the following year on and into its second quarter.
Old_Skeet
Last week one of our own here said short the heck out of the airlines among others shorts. They have more than soared since. Just goes to show what happens when you invest or trade based on the headlines (Ebola) Not ragging on this perennial pessimist as I am certainly not exempt from making bonehead calls too.I am surprised that using Gartman as a contrarian indicator seems to keep working. At some point, there must be a reversion to the mean! :-)I actually like frequent CNBC contributor Dennis Gartman less than I do Cramer.
Gartman's two calls for stocks to move lower over the past few weeks have been the moment the markets reversed.
http://www.zerohedge.com/news/2014-10-21/why-stocks-are-soaring
Charted:
http://www.zerohedge.com/sites/default/files/images/user5/imageroot/2014/10/20141021_gart.jpg
I actually like frequent CNBC contributor Dennis Gartman less than I do Cramer.
Gartman's two calls for stocks to move lower over the past few weeks have been the moment the markets reversed.
http://www.zerohedge.com/news/2014-10-21/why-stocks-are-soaring
Charted:
http://www.zerohedge.com/sites/default/files/images/user5/imageroot/2014/10/20141021_gart.jpg
Meh. 8% is not all that appealing, when there's any number of pfd's for healthier companies yielding 6-7% and offering lower risk. CHS pfd's yielding 6.75-7% and those barely budged that much in 2008.Sears stock price has recovered a bit, as has FAIRX.I wonder if 8% is enough to compensate investors who buy these senior notes for the risk that they are taking. Or is this the new normal in today's low interest rate environment?In a separate announcement that sent Sears shares soaring 23 percent, the Chicago-based retailer said it will raise as much as $625 million through an offering of 8 percent senior notes and warrants, easing worries about the retailer’s balance sheet.
Sears news from the NY Post

I believe you got this figure from M* and their "Holdings" tab.And with that action today, SHLD becomes the leader of the FAIRX portfolio YTD at +8.6%.
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