NVDA -8.61EWJ -4.22TECK.B.TO -5.25CNQ.TO -0.305HHL.TO 0.1SYLD 0.08HAC.TO 0.07TRU 1.53
Market Commentary

A Comment -- General Comments From an Expert (A Commentary)

COMMENT

Options. (A Commentary)

Nov 04, 2010

Options. He is always a seller of options. Buying is pretty risky.

Photo of Derek Webb, CFADerek Webb, CFAUnlock Rating
COMMENT

Markets. (A Commentary)

Nov 04, 2010

Markets. If he has a worry, it is about the bond market – a bubble. There is always a bubble when there is easy money. We have been in a bull market for bonds for 25 years. Bottom line is that interest rates are made artificially low by the fed. Within the next year, he thinks we will get an interest rate sock in the long area. We know that with all the money that has been printed, we will get inflation. With companies, the cash flow can keep pace with inflation. A bond can never grow. The coupon is the coupon. IBM issued bonds to buy back their stock, for example.

Photo of Derek Webb, CFADerek Webb, CFAUnlock Rating
COMMENT

OPTIONS:(A Commentary)

Nov 04, 2010

OPTIONS: Never sell options more than one month out because you get the best premium per day. If you sell options you are harvesting money. He only writes options on blue chips. The more volatile the stock, the more premium you get. His stats average of 30 days, 3.5% out of the money, paid 3.5-4%. You should expect to make 2-4% per month.

Photo of Derek Webb, CFADerek Webb, CFAUnlock Rating
N/A

A Comment -- General Comments From an Expert(A Commentary)

Nov 03, 2010
Elections in the US yesterday. You can safely say that legislation will be harder to get through. There will be some element of gridlock in US politics. Like Canada’s minority government, things will get done. He is still focused on the emerging market as the significant driver. He has only a reasonable overweight (15%), though. Has a lot of companies that are exposed to emerging markets. Is bottom up and looks at companies, not countries, but ends up being 35% US and increasing. There are great opportunities in the US stock market. A Year and a half ago he got permission to currency hedge but is not doing it right now. Canadian dollar will struggle to stay above parity.
Photo of Mark GrammerMark GrammerUnlock Rating
COMMENT

A Comment -- General Comments From an Expert(A Commentary)

Nov 03, 2010
Gold: If you look at what it has done, it definitely has momentum but it is hard to analyze it fundamentally. With the rest of the world devaluing, there is only one place to store your wealth. Gold is the answer. If you believe this is going to continue, then gold is likely to rise. He uses Gold as a hedge.
Photo of Mark GrammerMark Grammer
Owned
Unlock Rating
N/A

A Comment -- General Comments From an Expert(A Commentary)

Nov 03, 2010
Federal reserve in the US announced another round of QE. It seems the news was already priced in to the market. Has seen more volatility on just interest rate days. And there was the election, which could be a catalyst for the market but it could move the markets 10% in either direction in the next month starting about now. Thinks QE is a waste of time. Any company that is profitable or has a prospect of being profitable is a value investment. Stocks are pretty fairly valued.
Photo of Mike Lyons CA, CFAMike Lyons CA, CFAUnlock Rating
BUY

A Comment -- General Comments From an Expert(A Commentary)

Nov 03, 2010
US $: This is not a bad time to exchange CAD$ into US$. As it approaches parity he would be quite comfortable purchasing US$.
Photo of Mike Lyons CA, CFAMike Lyons CA, CFAUnlock Rating
N/A

A Comment -- General Comments From an Expert(A Commentary)

Nov 02, 2010
People can short the index to hedge against their long investments. Concerns now will be noise a little way out. Good fundamental companies will do well in 2011 whereas the indexes may not. Options are a way to get leverage in a portfolio. Premiums associated with options plays are getting rich. In uranium there is still a supply/demand imbalance. He would play it from a stock perspective.
Photo of Bob ThompsonBob ThompsonUnlock Rating
COMMENT

A Comment -- General Comments From an Expert(A Commentary)

Nov 02, 2010
Are Hedge Funds a different asset class? No, they are using assets that other asset managers use but in a different way.
Photo of Bob ThompsonBob ThompsonUnlock Rating
COMMENT

A Comment -- General Comments From an Expert(A Commentary)

Nov 02, 2010
What to do based on US election results? Both parties will have to print money. You will see a lot of inflation down the road, even if deflation short term. He would go overweight resources.
Photo of Bob ThompsonBob ThompsonUnlock Rating
COMMENT

A Comment -- General Comments From an Expert(A Commentary)

Nov 02, 2010
When you write a covered call you should enhance the long-term return on the underlying stock. He rolls them over every three months.
Photo of Bob ThompsonBob ThompsonUnlock Rating
COMMENT

A Comment -- General Comments From an Expert(A Commentary)

Nov 02, 2010
Delta hedging. Templeton suggested he would isolate his good stock picking by shorting the index. You have to decide on the optimum ratio of long to short, for example 3 to 1.
Photo of Bob ThompsonBob ThompsonUnlock Rating
COMMENT

A Comment -- General Comments From an Expert(A Commentary)

Nov 02, 2010
Man Investments: Great strategy. Largest hedge fund (65 Billion) in the world. Good company, great strategy. They have computer models that follow trends in the market. They do well if market is trending down or up for a long period of time. Don’t do well in sideways markets.
Photo of Bob ThompsonBob ThompsonUnlock Rating
TOP PICK

A Comment -- General Comments From an Expert(A Commentary)

Nov 02, 2010
Vertex Fund: One of the biggest hedge funds in Canada that no one has ever head of. They don’t use a lot of leverage. Equity fund. A Multi strategy portfolio. About a Billion dollars. Almost 20% a year since 1996 through the up and down times. They write covered calls. Right now they have options on gold. Very little money at risk, but if gold does well they make a lot of money in the next few years.
Photo of Bob ThompsonBob Thompson
Owned
Unlock Rating
TOP PICK

A Comment -- General Comments From an Expert(A Commentary)

Nov 02, 2010
Northpole multi-strategy Fund: Very good risk controls, hedge by shorting the index. Canada’s oldest hedge fund company. Were trading beaver pelts in the 1800s. Usually equity based strategies. Not a lot of leverage.
Photo of Bob ThompsonBob Thompson
Owned
Unlock Rating
Showing 15,616 to 15,630 of 18,631 entries

Build your watch list

Sign in to track investments
you care about

Latest Buy Signals

VEEV 6.55$159.71
WSP.TO -2.06$172.52
VRTX 1.63$468.42
OTEX.TO 1.73$30.07
CCO.TO 2.94$154.68

Today's Top Picks

NVDA -8.61$200.04
EWJ -4.22$92.75
TECK.B.T… -5.25$84.73
CNQ.TO -0.305$58.21
HHL.TO 0.1$6.94

Popular Articles

Latest Sell Signals

TD.TO 0.59$169.84
MBLY -0.4$7.94
ASAN -0.08$6.67
MODG -0.1$17.92
NVTS -2.3$21.4

Most Recent Experts

Stockchase Insights

Stockchase Insights

5i Research

Brian Acker, CA

Brian Acker, CA

Acker Finley Inc.

The Weekly Buzzing Stocks by Billy Kawasaki

The Weekly Buzzing Stocks by Billy Kawasaki

Stockchase

David Burrows

David Burrows

Barometer Capital Management

Jim Cramer - Mad Money

Jim Cramer - Mad Money

CNBC

disclaimer

Stockchase, in its reporting on what has been discussed by individuals on business television programs (in particular Business News Network), neither recommends nor promotes any investment strategies.

We paraphrase the experts by hand, we watch the shows and write down what we understood from the experts’ comments. We are human and can make mistakes, help us fix any errors. If you see something that you know is not right or if there is a problem with the site, feel free to email us at: [email protected].

About usHow to useContact Us
More...
AdvertisingIn the newsPrivacy PolicyTerms of service
FacebookX
© 2000 - 2026 Stockchase Inc. by Wealthica
The ultimate 360° Tracker Your financial life in one place, automatically