tag:blogger.com,1999:blog-55798704012313794702011-11-27T15:27:17.053-08:00Kenhttp://www.blogger.com/profile/15998784408679956192noreply@blogger.comBlogger251100tag:blogger.com,1999:blog-5579870401231379470.post-43711043360515852522008-06-04T22:03:00.000-07:002008-06-04T22:36:15.827-07:00

I have not posted for a month since I've been busy with work and relocation from Bellevue -> Redmond (btw, moving is a bitch!)I have also been quiet with my trading, I am still overweight on Brazil with the remaining vested in China. A lot has happened since my last post a month ago. We saw oil at record highs and just today I filled up my Audi with at 4.50 a gallon (1. I was at Chevon and 2. I

Kenhttp://www.blogger.com/profile/15998784408679956192noreply@blogger.com0tag:blogger.com,1999:blog-5579870401231379470.post-77681296662402347722008-04-30T22:41:00.000-07:002008-04-30T22:56:11.237-07:00

The S&P tonight raised Brazil's investment grade for the first time. Brazil's sovereign debt is now at BBB- up from BB+. This ultimatley lows funding costs and makes Brazil even more an attractive place for BIG money to invest. Bottom line, this is HUGE for brazil and I think it's only the beginning.All brazilian stocks were on fire today, I'd be buying on any weaknessBrazilian exposure in my

Kenhttp://www.blogger.com/profile/15998784408679956192noreply@blogger.com0tag:blogger.com,1999:blog-5579870401231379470.post-26634767250252130322008-04-29T10:56:00.001-07:002008-04-29T10:58:00.510-07:00

PBR:Bought another 50 shares of PBR adding to my entire holdings to ~200 shares. Gotta love these pullbacks!CAF:Bought another 100 shares of CAFPOT:Waiting for pullback to 170 before buying

Kenhttp://www.blogger.com/profile/15998784408679956192noreply@blogger.com0tag:blogger.com,1999:blog-5579870401231379470.post-39298369806324558352008-04-25T10:52:00.000-07:002008-04-25T10:58:41.734-07:00

Microsoft:As a employee, my opinion is ofcourse biased but I dont think the results were that bad. If you compare revenue against deferred vista / office revenues from last year, yeah its a drop. Factor them out and you have a solid company trading (as of right now) with a forward PE of around 13. I was happy to see XBOX in the green for the quarter and service continues to pick up momentum. What

Kenhttp://www.blogger.com/profile/15998784408679956192noreply@blogger.com0tag:blogger.com,1999:blog-5579870401231379470.post-16906004009504027062008-04-23T12:01:00.000-07:002008-04-23T12:11:57.205-07:00

I was delighted to see my Chinese stocks light up this morning (CHL, LFC). Shanghai rallied 4+% percent last night making a huge reversal from the open. I believe we have seen a short term bottom from a very painful correction (painful is an understatement, the shanghai index dropped some 50% from peak!). Is all this buying pure speculation that the government will step in and stop the hemorrhage

Kenhttp://www.blogger.com/profile/15998784408679956192noreply@blogger.com1tag:blogger.com,1999:blog-5579870401231379470.post-20200357164031731832008-04-15T12:24:00.000-07:002008-04-15T13:43:07.608-07:00

When Jim Rogers speaks, I listen and listen very carefully. Jim rogers recently has been bullish on Taiwan near the end of the Taiwan election when speculation that Ma Ying-jeou would win by a landside. With Ma taking over on April 20th, relationships between Tawian and the Red Dragon China are already improving. Vice-president-elect Vincent Siew met with President Hu Jintao of China on the

Kenhttp://www.blogger.com/profile/15998784408679956192noreply@blogger.com0tag:blogger.com,1999:blog-5579870401231379470.post-15599470949781903202008-04-15T12:15:00.000-07:002008-04-15T12:24:28.627-07:00

Yesterday, the head of National Petroleum Agency Haroldo Lima made a statement regarding a potential oil find near Carioca field. He estimates that the area could potentially have reserves somewhere near the 33 billion barrels. If confirmed, the new deep-water sub-salt field off the coast of Sao Paulo state would be the largest find in the world in the past 30 years. The stock reacted,

Kenhttp://www.blogger.com/profile/15998784408679956192noreply@blogger.com0tag:blogger.com,1999:blog-5579870401231379470.post-6685910893006407812008-04-12T23:30:00.000-07:002008-04-15T12:15:51.686-07:00

The IMF warned that food price inflation would cause starvation if trend continues From the article:"Thousands, hundreds of thousands of people will be starving. Children will be suffering frommalnutrition, with consequences for all their lives," he told reporters.He said the problem could lead to trade imbalances that may eventually affect developed nations, "so it is not only a humanitarian

Kenhttp://www.blogger.com/profile/15998784408679956192noreply@blogger.com1tag:blogger.com,1999:blog-5579870401231379470.post-30767668021092116852008-04-12T21:43:00.000-07:002008-04-12T22:04:47.785-07:00

It hard lesson I learned this week: Don't chase performance. I was too hopped up being bullish this week that I over looked many key criteria when buying a stock. As of right now, I am heavy weighted in Energy and Chinese stocks. Even though it doesn't feel like a bottom with these Chinese stocks, I do think 5-10 or even 20 years from now, these investments (LFC, CHL) will reap huge rewards. I

Kenhttp://www.blogger.com/profile/15998784408679956192noreply@blogger.com0tag:blogger.com,1999:blog-5579870401231379470.post-11815477003886367022008-04-09T12:26:00.001-07:002008-04-09T12:29:00.825-07:00

One of my rules is never let a positions go below 10%. This is to reduce the potental loss of a position I might have. ACH and FMCN has fallen below 10% of my buying price so I had to bite the bullet and hit the SELL button.I shifted that money into buying more PBR and UNGCurrent holdings in the order of most weightedPBRCHLUNGRIORJALFCMELIVIPEWT

Kenhttp://www.blogger.com/profile/15998784408679956192noreply@blogger.com0tag:blogger.com,1999:blog-5579870401231379470.post-9442406824678173182008-04-07T10:40:00.000-07:002008-04-07T10:58:47.520-07:00

New Positions:Long 100 shares of PBRLong 100 shares of ACHLong 100 shares of VIPLong 100 shares of RIO

Kenhttp://www.blogger.com/profile/15998784408679956192noreply@blogger.com0tag:blogger.com,1999:blog-5579870401231379470.post-57954698032222270062008-04-04T10:58:00.000-07:002008-04-04T11:03:13.995-07:00

Today's horrible job numbers would have led me to believe we were going to plunge triple digits on the dow. But I am not surprised that the market is up ~30 points from yesterday's close. The market just doesn't want to go down. Buyers are stepping in on any weakness and they are not selling on strength. I am back on the long side for now and will be aggressively buying emerging markets..

Kenhttp://www.blogger.com/profile/15998784408679956192noreply@blogger.com0tag:blogger.com,1999:blog-5579870401231379470.post-71640672299707158112008-04-03T16:46:00.001-07:002008-04-03T16:53:09.803-07:00

Like they say, when you pick bottoms you get SH*T but is the bottom in? Short term, I believe the BULLS are going to take charge. A lot of talking heads that were extremely bearish are turning bullish. And cramer says we should becareful which means we really consider start buying :) Even though we are again in extremely overbought conditions, the dow did flash a double bottom...Whats looking

Kenhttp://www.blogger.com/profile/15998784408679956192noreply@blogger.com0tag:blogger.com,1999:blog-5579870401231379470.post-70286363016725187952008-04-01T15:32:00.000-07:002008-04-01T15:36:29.434-07:00

I haven't been posting much, thats because I havent been doing much :.I took some off the table with MSFT two days ago (douh!). It was a bit too early considering the rally. My motivation behind that is 1) our 401K is opening up 2) one should never invest their 401K savings into their employers 3) MSFT has done jack.People seem to have forgotten or looked away from today's financials doom and

Kenhttp://www.blogger.com/profile/15998784408679956192noreply@blogger.com0tag:blogger.com,1999:blog-5579870401231379470.post-10479023536617361852008-03-20T13:07:00.000-07:002008-03-20T13:10:48.787-07:00

It seems like alot of money is flowing out of commodities and into financials. I actually favor the correction in commodities, its very much needed. I see this trend continuing for a week or maybe two. Today I took a stab at the Tawian ETF - EWT. Ahead of the elections this weekend, my bet is that the more-china-friendly opposition party will win. But who knows.But 400 shares EWT at 15.73

Kenhttp://www.blogger.com/profile/15998784408679956192noreply@blogger.com0tag:blogger.com,1999:blog-5579870401231379470.post-86388514907751386952008-03-18T10:07:00.000-07:002008-03-18T10:28:23.731-07:00

The shocking news of Bear selling out for 2 bucks is still reverberating in my head and on wall street. Financials are rallying hard today, I do see a short term bottom in these stocks. I will be looking for another good entry point to short these suckers :)

Kenhttp://www.blogger.com/profile/15998784408679956192noreply@blogger.com0tag:blogger.com,1999:blog-5579870401231379470.post-47175953653692604822008-03-14T10:49:00.000-07:002008-03-14T10:52:12.780-07:00

Since this is my blog, I can write about anything I want and that includes non financial stuff like recipes :)I saw this recipe on the Food Network (my favorite channel to Idle on). I haven't tried this but it sure looks damn goooood.http://www.riperestaurant.com/articles/article/4398027/84567.htmRECIPE FOR RIPE'S "BIG ASS" RIB EYE JERK STEAKAt the restaurant, we use the "Choice" grade cut-feel

Kenhttp://www.blogger.com/profile/15998784408679956192noreply@blogger.com1tag:blogger.com,1999:blog-5579870401231379470.post-91570380938390012152008-03-14T10:39:00.001-07:002008-03-14T10:44:47.344-07:00

I knew those puts volume leading to the collaspe of Bear Stearns today was the weather forecast telling me it's raining, rather heavily, on Bear today :). What I found interesting was not too long ago (in fact, 48 hours ago.. the CEO of Bear went on CNBC to reassure everything was A-OK). Fast forward 48 hours and Bear needs liquidity. I expect S&P and Moodys to come with a downgrade rather sooner

Kenhttp://www.blogger.com/profile/15998784408679956192noreply@blogger.com0tag:blogger.com,1999:blog-5579870401231379470.post-61223948041862924292008-03-12T23:35:00.000-07:002008-03-12T23:47:53.138-07:00

Drake Managment who runs the Global Opportunites sent a letter to its shareholder detailing the plans for the future of its fund. Its considering either winding down the fund, invest in a new fund, or wait for the market to turn around. The guys over at Drake Managment no armatures, they churned out 41% in returns in 2005. This is how bad things are right now and in my opinion..its only going to

Kenhttp://www.blogger.com/profile/15998784408679956192noreply@blogger.com0tag:blogger.com,1999:blog-5579870401231379470.post-72672880770108679512008-03-12T10:31:00.000-07:002008-03-12T10:35:21.583-07:00

I was surprised by the move the Fed took , being on the short side and all. Yesterday was the best market up days we've seen in 5 years. From my understanding, banks can trade in their mortgage backed securities that are mysteriously valued in exchange for treasuries. Will this be a good long term solution? Who knows but it's sure better than devaluing our dollar via rate cuts. Can we rally

Kenhttp://www.blogger.com/profile/15998784408679956192noreply@blogger.com0tag:blogger.com,1999:blog-5579870401231379470.post-41074914840251336192008-03-10T23:07:00.000-07:002008-03-10T23:32:03.990-07:00

Although the Vix didn't spike or gap up to 30+ , we were pretty damn close. More bad news from Lehman, BearStearns , Carlyle, BlackStone, pressured the market. Its the same old story. Althought we didnt see the capitualtion I would have liked to see, I feel the market will be set up for a short term oversold rally. Weak after hour earnings report from the homebuilders is pretty much expected so I

Kenhttp://www.blogger.com/profile/15998784408679956192noreply@blogger.com0tag:blogger.com,1999:blog-5579870401231379470.post-62164888511836021712008-03-06T17:38:00.001-08:002008-03-06T18:02:35.760-08:00

Stories have been told in the past credit crunch crisises that margin calls to Merril were so frequent, that they stopped picking up the phone for three to four hours. You'll get a margin call when the clearinghouse (lender) you owe money to requires raise and fork up more capital to better secure the debt you have. That debt could be "leveraged" against anything, in Thornburg / and Carlyle

Kenhttp://www.blogger.com/profile/15998784408679956192noreply@blogger.com0tag:blogger.com,1999:blog-5579870401231379470.post-16287398988299506672008-03-05T21:07:00.000-08:002008-03-05T21:27:25.754-08:00

After hours news: Analyst says Thornburg faces chance of bankruptcy as its failure to meet a $28 million margin call from JPMorgan Chase has triggered a series of defaults on various lending agreements.Reaction: What a big surprise.. uhhhh NOT!.. and did anyone notice the big Ambak bailout news that was and reported on CNBC's by charlie Garsprone two days ago ? In case you haven't heard, AMBAK's

Kenhttp://www.blogger.com/profile/15998784408679956192noreply@blogger.com1tag:blogger.com,1999:blog-5579870401231379470.post-48373718906844564552008-03-04T17:53:00.000-08:002008-03-04T18:17:43.999-08:00

This was shocking when I read the following in the Wall Street Journal today.."Federal Reserve Chairman Ben Bernanke, raising the level of urgency in dealing with the nation's housing crisis, called on lenders to aid struggling homeowners by reducing their principal -- the sum of money they borrowed -- to lessen the likelihood of foreclosure, and endorsed a bigger role for the federal government

Kenhttp://www.blogger.com/profile/15998784408679956192noreply@blogger.com0tag:blogger.com,1999:blog-5579870401231379470.post-77985603453615836702008-03-04T00:18:00.000-08:002008-03-04T00:28:29.796-08:00

This year's best performing ETFs have been all commodities related (DBA, USG, USO, GLD, SLV. Wheat and soy have been trading at parabolic levels and it sure smells like a bubble is near. I am no hero to call a top here, the demand and supply is SOLID and I still long POT and RJA but I am starting to get worry. But then again, I just have to look at how many times my local chinese restaurant have

Kenhttp://www.blogger.com/profile/15998784408679956192noreply@blogger.com0