Weekend Open Thread   9 comments

Another week is coming to an end, which means another weekend open thread, where you can discuss anything you like.

For your consideration…I was recently looking through Spotify’s list of Bryan Adams’ songs, and I noticed the popularity rating on the following song was quite low, which amazed me, since I consider it one of his best:

Enjoy your weekend folks!

PORTFOLIO UPDATE: My IRA portfolio finished Friday up 0.02%. Nothing exciting.

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Posted December 6, 2013 by edmcgon in Music, Open Thread

9 responses to “Weekend Open Thread

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  1. For those of you who are interested in the UCO/SCO covered call plays, here are a couple of very conservative plays for consideration. UCO is currently trading at 31.70. Over the last year it has shown strong support in the 27-28 range. You could buy it here and sell
    the April 29 calls for 4.00. If you are called out your profit will be 31.70-4.00=27.70. Called out at 29.00-27.70 = 1.30 profit 4.7% for approx 4 months. If you wanted to go out longer sell the July 28 calls for 5.40. 31.70-5.40=26.30. 28.00-26.30=1.70 profit 6.6% for approx 7 months. These are examples of conservative plays with decent returns. You can run the numbers with different strike prices, both in and out of the money, and different time periods. The nice thing about this play is you can be very conservative with in the money calls or more aggressive with out of the money calls or some combination.

  2. Let’s continue to support inefficient energy policies and kill birds. This doesn’t even mention all the other birds besides eagles that are killed.

    Under pressure from the wind-power industry, the Obama administration said Friday it will allow companies to kill or injure eagles without the fear of prosecution for up to three decades.

    http://www.startribune.com/politics/national/234758021.html

    • I wonder if the new rules apply to oil companies. The oil companies paid more last year for killing less than a dozen birds than what Duke Energy agreed to pay for killing many more than a dozen and Duke isn’t the worse when it comes to turbines killing birds. I enjoyed the justification that more birds are killed by cats so why worry about the few killed by wind turbines — which makes me wonder why we should worry about any bird killed by any industry, company, etc.

    • Hi Ojunker, Thanks for this I’ll send it to a few. I’d say I’m against. Great example of doing what you have to do to make sure it works! Well a few more jobs were created “dead bird picker upper”

      • This is a case of the cure being worse than the disease?
        Non government experts estimate that almost 900,000 bats and close to 600,000 birds are killed each year by wind turbines.

        We use valuable farmland to produce ethanol, that studies say cause just as much pollution in the end as oil, while estimates are that 862 million people don’t have enough to eat on the world.
        All for something that may happen in the future. Of course these are the same scientific group that said in the. 70’s we were on the verge of another ice age.

        AND we taxpayers get to subsidize all the CLEAN energy.

  3. Who the heck is running the government….unbelievable.

    TheStreet: Pentagon Ignores U.S. Aircrafts; Buys High-Cost Russian Brand Instead
    http://www.thestreet.com/story/12142107/1/

  4. Ed would like your take on MONIF a London based company trading over here OTC. Looks interesitng.

    • ojunker,
      On the surface, it looks like a typical penny stock, with ugly financials, although it has almost no debt. They have been growing revenue, but their margins and free cash flow don’t reflect that yet. MONIF has potential, although I’m not sure how much without some further digging.

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