Trade: Sold Shares Of CCJ Bought On 8/1, Retaining Core

On August 1, anticipating a looming bounce off of oversold levels, I bought some extra shares of CCJ for $19.30. I sold those for a small loss today for $19.10.

Just adding back cash – the market feels terrible and the extra cream to my position was supposed to be all about easy money.

This Market Is A Real Bummer

One of my newest positions, ETP, co-reported earnings (alongside ETE, a familial body) that rose 50% year over year, soundly crushing estimates. The partnership is putting out almost 7% in distributions annually and distributable cash flow lifted 11%.

The partnership is modestly priced and more than a fair buy here. The only conceivable issue in the report I saw was that they’re paying out a little more in distributions than they take it, at the moment (and not for long if this kind of growth keeps up). And a little over a month ago ETP announced plans to build a new pipeline from the figurative gold mines in the Bakken region in North Dakota to their existing distribution network in Illinois…and the new capacity is allegedly already filled.

So following what can only be described as a stunning performance, the market is roundly bidding up units of ETP, correct?

WRONG

ETP has given back all the morning ramp following the exciting earnings beat, and ETP is now struggling to hold just half a percent gain on the day.

That’s just the kind of market we have right now. You can hear the oxygen rushing out of the trading floor. I have a couple similar positions that have all left analyst estimates in the dust (mostly after having already been revised higher), and yet they just can’t catch a bid.

Friday’s Purchases Working Hard Today

The buys of CCJ, HCLP and BAS I made before leaving for the weekend are all working today, up markedly.

Everything else I have is also pacing, as we reached oversold levels last week that warranted a strong bounce.

I’ll give you a small hint: I’m personally terrible at these short term inflection points. My style is very much long term allocation to the right place at no particular time. It works; sure I have no complaints on my own performance.

But even though I have no personal trading skills, I’ve still made a killing trading the past few years. How, you ask yourselves?

Why with the help of The PPT, of course.

The quality work of The PPT has enabled focused investors like myself to become well rounded performers. Where before I would have been limited to strictly my own strategies, I can now diversify my tactics to a trading pattern around those strategies, multiplying my profit potential.

It is a community where each of us outsources our strengths to one another. And it is high time you get off the fence and add a subscription.

Added to CCJ Also

Why not?

The numbers were good, and I still believe in the uranium thesis, the risk of CCJ’s management being dicks notwithstanding. I have no evidence of malfeasance; only the hairs on the back of my neck (and they’ve been wrong before, though rarely).

So I added to CCJ at $19.30.

Made Some Purchases

I bought back shares of HCLP and BAS that I unloaded on the run up, as they are both off 10-15% from the highs and we are just a short span away from a bounce.

HCLP reports earnings soon, and I expect nothing less than magnanimous triumph.

Trade: Sold Shares Of CCJ Bought On 8/1, Retaining Core

On August 1, anticipating a looming bounce off of oversold levels, I bought some extra shares of CCJ for $19.30. I sold those for a small loss today for $19.10.

Just adding back cash – the market feels terrible and the extra cream to my position was supposed to be all about easy money.

This Market Is A Real Bummer

One of my newest positions, ETP, co-reported earnings (alongside ETE, a familial body) that rose 50% year over year, soundly crushing estimates. The partnership is putting out almost 7% in distributions annually and distributable cash flow lifted 11%.

The partnership is modestly priced and more than a fair buy here. The only conceivable issue in the report I saw was that they’re paying out a little more in distributions than they take it, at the moment (and not for long if this kind of growth keeps up). And a little over a month ago ETP announced plans to build a new pipeline from the figurative gold mines in the Bakken region in North Dakota to their existing distribution network in Illinois…and the new capacity is allegedly already filled.

So following what can only be described as a stunning performance, the market is roundly bidding up units of ETP, correct?

WRONG

ETP has given back all the morning ramp following the exciting earnings beat, and ETP is now struggling to hold just half a percent gain on the day.

That’s just the kind of market we have right now. You can hear the oxygen rushing out of the trading floor. I have a couple similar positions that have all left analyst estimates in the dust (mostly after having already been revised higher), and yet they just can’t catch a bid.

Friday’s Purchases Working Hard Today

The buys of CCJ, HCLP and BAS I made before leaving for the weekend are all working today, up markedly.

Everything else I have is also pacing, as we reached oversold levels last week that warranted a strong bounce.

I’ll give you a small hint: I’m personally terrible at these short term inflection points. My style is very much long term allocation to the right place at no particular time. It works; sure I have no complaints on my own performance.

But even though I have no personal trading skills, I’ve still made a killing trading the past few years. How, you ask yourselves?

Why with the help of The PPT, of course.

The quality work of The PPT has enabled focused investors like myself to become well rounded performers. Where before I would have been limited to strictly my own strategies, I can now diversify my tactics to a trading pattern around those strategies, multiplying my profit potential.

It is a community where each of us outsources our strengths to one another. And it is high time you get off the fence and add a subscription.

Added to CCJ Also

Why not?

The numbers were good, and I still believe in the uranium thesis, the risk of CCJ’s management being dicks notwithstanding. I have no evidence of malfeasance; only the hairs on the back of my neck (and they’ve been wrong before, though rarely).

So I added to CCJ at $19.30.

Made Some Purchases

I bought back shares of HCLP and BAS that I unloaded on the run up, as they are both off 10-15% from the highs and we are just a short span away from a bounce.

HCLP reports earnings soon, and I expect nothing less than magnanimous triumph.