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Posts from the ‘Lightstream Resources (LTS)’ Category

Week 111 Portfolio Update: When Things Aren’t Working…

Portfolio Performance

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See the end of the post for the current make up of my portfolio and the last four weeks of trades.

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Shake-up

In a previous post about Walker & Dunlop I described the consequence of being on vacation while the company announced poor results, which was that I was not able to take advantage of a clear selling situation.  The same was the case for Dex Media.

In the past I used the term “good enough investing” to describe what I’m trying to do with my portfolio.  I work a full time job, have a life and need a break now and then, and all that means I just can’t be on top of everything.  I try my best but I have found it necessary to employ techniques to mitigate this.  In particular, I sell stocks when things aren’t working out.

While I’ve had my share of winners over the past month and a half (AIQ, NVS, NCT, NRF, IQNT to name a few), I’ve also had my share of losers (NKO, EXE, VTNC, and the above mentioned duo) with the result being that my portfolio has done not much of anything. While I remain hopeful that both Niko Resources and Extendicare eventually pan out, the fact is that thus far they haven’t. Read more

Week 107: Back to Commodities

It’s a huge structural advantage not to have a lot of money. I think I could make you 50% a year on $1 million. No, I know I could. I guarantee that – Warren Buffett

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I’m adding a simple year by year and quarterly performance table to the start of every portfolio update.  I’ve had the on-line portfolio going for over 2 years now, and I find that the chart is less informative the longer the time horizon gets. The quote, which I have mentioned before, is more of a goal than a statement.  Buffett says it’s possible, let’s try to prove him right.

I’ve already written about most of the new stocks that I added in the last month (Ainsworth Lumber, Tronox, Novus Energy,smaller positions in Lightstream Resources and Penn West, and lastly Niko Resources. In this post I will focus on some of the stocks I sold (including most of my large position in YRC Worldwide), and add some thoughts on oil and Canadian oil juniors.

I’m getting this update out a day late so all of the numbers are are of Friday July 19th.

Portfolio Performance

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Portfolio Composition

week-107The last four weeks of trades are available here.

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My Meandering Method for Finding Stocks: Novus Energy

You just never know the path that will lead to an investment idea.

From time to time I get asked what sort of screens I use to come up with ideas. And the truth is, I don’t use much. Sometimes I go to one of those technical analysis sites that lists names that have broken through key technical barriers and I use that as a starting point. So that is something of a method I guess, except that I don’t really pay any attention to the technicals themselves, I use the information as a somewhat randomized starting point, and I am almost as likely to look at a long idea from the ‘break the 52 week low’ bucket as I am from the ‘break the 52 week high’ bucket.

Just as often I use no method at all. I follow a totally inefficient, fairly random path whereby I start with a name that comes up in an article, in a tweet, or that is mentioned on a site, and from there I look at that name and in the process I am usually lead to a few other names, or if I like the theme but not the specific company in question I give some thought and time to search out other names that might be equally leveraged to the idea but more suited to my tastes. I end up bouncing around from company to company and sometimes I find something and more often I don’t. Read more