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The LEAF FUND

Bruce you are always right!! Way to go brother.

You should see the volume in CIT, we had one massive pop this morning. If tomorrow goes well, then I am going to lite up a great cigar.

I think we will do well with are SBLK. I have a friend that works for Fidelity and he said that he bought into SAT the other day. Does anyone know anything about this company. I tried to watch it today, but I was busy with CIT.
 
NullSmurf said:
Now would be a REAL good time to get back into LVLT.
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I have looked at it several times last week. LVLT has definately reduced debt. And the percentage of shorts has falling off signifantly! It looks poised for a nice little move to the upside. I would hate to miss it and have Bruce Allmighty say... "told ya so". We are going in boiz. Unfourtunately I will have to set an alert buy. I'm setting it @ 1.225 if the market opens up higher and runs... we'll be waving at the sailing ship!
 
I was thinking more in terms of losing 20% of its value following weak earnings reporting. I think it will bounce back in short order from this downside. Looks like we hit the buy point this morning.
 
NullSmurf said:
I was thinking more in terms of losing 20% of its value following weak earnings reporting. I think it will bounce back in short order from this downside. Looks like we hit the buy point this morning.
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Yeah... but I thought I'd be smart and put a market buy in when it hit equal to or lower than 1.22! Thought it might fall to 1.20,1.195 and post a buy. Well we got the market buy of...... 1.229! X 200 shares plus comm. of 9.99 = 255.79. Bruce I need a sell price strategy or and a time line if you have one for this trade Sir?

Our "Leaf Fund" PSV is 18.27.
 
Sorry if this is unwanted advice, but I think you guys should look more at the bank stocks. Money Center names and brokers have made their run, but the Regional Banks on the large cap side look poised to beneift from an improving economy in 2010, albeit a jobless one. Bank stocks historically tend to outperfrom on the upside when coming out of a recession. Taking a look at the employment data and housing trends, it is likely that NBER 9 to 12 months down the line will say the recession bottomed in April/May 2009. Typically, bank stocks don't retest the troughs. They may go down, but will likely remain at least 20% above their trough levels. Regional banks still have to contend with Commerical credit issues which don't impact the Money Center Banks as much, but most of the Regionals are still trading below book value, but tangible book value as well. The easy money of course is the trade back to BV. It seems as though you guys are looking at higher beta names...I think on that front KEY, STI even FITB would be good regional bets. BAC looks good towards the mid 20s. There are other nice financial plays but the share prices may be higher than reasonable for your portfolio size.
 
Thanks for the advice, but I think those are pretty well out of reach financially for us. We've been trying to pick up a couple hunderd shares of each stock we get into at a low price (see LVLT which is at $1.19).
 
thechenman said:
Sorry if this is unwanted advice, but I think you guys should look more at the bank stocks. Money Center names and brokers have made their run, but the Regional Banks on the large cap side look poised to beneift from an improving economy in 2010, albeit a jobless one. Bank stocks historically tend to outperfrom on the upside when coming out of a recession. Taking a look at the employment data and housing trends, it is likely that NBER 9 to 12 months down the line will say the recession bottomed in April/May 2009. Typically, bank stocks don't retest the troughs. They may go down, but will likely remain at least 20% above their trough levels. Regional banks still have to contend with Commerical credit issues which don't impact the Money Center Banks as much, but most of the Regionals are still trading below book value, but tangible book value as well. The easy money of course is the trade back to BV. It seems as though you guys are looking at higher beta names...I think on that front KEY, STI even FITB would be good regional bets. BAC looks good towards the mid 20s. There are other nice financial plays but the share prices may be higher than reasonable for your portfolio size.
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Thanks Chenman!

I wish we had been making better gains the last year, then we would have been able to get in on the Financials. Like Jonesy says, we are limited on the bankroll right now. I wish I would have got us in BAC when I did in my personal porfolio at under $4. But, nowayno! If you see something you like at the under $3 mark.... feel free to post and let us know. You have sound structure in the advice ubove. If you can lower the buy point you certainly might be able to get us closer to the rung we need to grasp and pull ourselves up. Remember, anyone with advice feel free to post!

LEAF FUND PSV = 19.35xx
 
I hope everyone has been watching the first stock we purchased! We bought 100 shares @ 3.41 a share back in Nov. '07. Bought another 100 @ 1.40 a share in Aug. '08. Then averaged down again with an 800 share puchase @ .13 in Jan '09. That put us at .585 per share, with 1000 shares in the LEAF FUND. It's currently @ .5654! We are currently before todays open only a smidge over 6.5% down. I think the Grateful Dead wrote a song about this one! The verse? "What a loooooong strange trip it's been" I can see SIRI going above $1. SIRI could single handedly bring us back to the original $40 per share. Which would put us in position to buy a couple of cigars for each of the 75 shares of LEAF FUND stock!


MAYBE?

Well it could happen ya know!
 
That is great we are turning things around!!!!! I almost told you to look at CTIC the other day. I took some money from my CIT profit and put it into CTIC, I am hoping for a big day on Monday.. Congrats gents, we are moving to the up side!
 
Was siri ever purchased when you mentioned it? Last 2 days it made a really good run. Was kicking myself for not jumping in earlier.
 
cohibasurfer said:
I hope everyone has been watching the first stock we purchased! We bought 100 shares @ 3.41 a share back in Nov. '07. Bought another 100 @ 1.40 a share in Aug. '08. Then averaged down again with an 800 share puchase @ .13 in Jan '09. That put us at .585 per share, with 1000 shares in the LEAF FUND. It's currently @ .5654! We are currently before todays open only a smidge over 6.5% down. I think the Grateful Dead wrote a song about this one! The verse? "What a loooooong strange trip it's been" I can see SIRI going above $1. SIRI could single handedly bring us back to the original $40 per share. Which would put us in position to buy a couple of cigars for each of the 75 shares of LEAF FUND stock!


MAYBE?

Well it could happen ya know!
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Yeah... we did .... we currently have 1000 shares. It's what's driving the PER SHARE higher. I made a nice little chunk off FRZ. I missed the second day, but hey... I didn't trust the gains to keep moving up!
 
Wow that did have a nice pop the other day, I wish I was in FRZ.. Do you see anything else that looks good?
 
I had high hopes for SIRI all along. Glad to see it is finally helping us out. 5ers of Connies all around! :thumbs:

Brandon
 
I like BFR today. Buy on the early dip. Be prepared to hold. I'm a buyer under 5.00
 
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