All in the green

Investment Analysis Clubs Saul’s Investing Discussions
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Wow, for a few minutes at least all of my positions are in the green. And when your largest position is up 3.5%, that moves things. good day, so far.

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Oil up.

Denny Schlesinger

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Oil up.

This could be taken out of context in so many ways it is frightening:-)

DT

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Try hard enough and you can take anything out of context.

Denny Schlesinger

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This could be taken out of context in so many ways it is frightening:-)

It’s analogous to that light at the end of the tunnel which in fact is a freight engine bearing down upon you.

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Oil prices have repercussions in two different directions:

Positive for consumers as cheap energy trickles down into the economy but this is a slow process.

Negative for the oil industry. Proven reserves (the oil that can be profitably extracted at current prices) drop. As sites become uneconomical cap-ex drops and oil service revenue drops in concert. As sites are shut down unemployment soars. This negative is a much faster process and it gets into stock prices faster.

Crude Oil Brent: http://www.nasdaq.com/markets/crude-oil-brent.aspx?timeframe…

I’m long Core Labs (CLB) http://invest.kleinnet.com/bmw1/stats20/CLB.html

and I’m looking into Oceaneering International (OII) http://invest.kleinnet.com/bmw1/stats20/OII.html

but instead I added Healthcare Services Group, Inc. (HCSG) http://invest.kleinnet.com/bmw1/stats20/HCSG.html

Nice, boring company that cleans up after old folks. But since Gray Panthers are a fast growing segment the population, Healthcare Services Group keeps on growing with them.

Denny Schlesinger

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For whatever it’s worth, Zacks just announced HCSG as a Strong Sell.

https://finance.yahoo.com/news/strong-sell-stocks-august-11t…

Personally, I haven’t figured out if Zacks gives accurate/actionable ratings or not.

-Bob

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For me, CSIQ (Canadian Solar) is now down too far. I sold a bunch of puts recently at $14.50, figuring that had to be the bottom, but another solar stock’s bad news took it down past that.

On the other hand, KSS (Kohl’s) is finally in the green, so I can sell a call or two and maybe get paid to reduce my position.

And I can’t complain about Skyworks lately…

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For whatever it’s worth, Zacks just announced HCSG as a Strong Sell.

Here is what Zacks had to say:

• Healthcare Services Group Inc. HCSG provides housekeeping, laundry, linen, facility maintenance and food services to the health care industry. It has seen the Zacks Consensus Estimate for its current year earnings being revised 2.1% downward over the last 30 days.

http://finance.yahoo.com/news/strong-sell-stocks-august-11th…

What the heck is “Zacks Consensus Estimate”? Certainly not something I worry about. I hadn’t even heard about it until just now.

Denny Schlesinger