Well, the New Year (2023) has started.
I know the market seems to be walking on egg shells - lots of uncertainty in the air.
- The one bet I have not felt uncomfortable about is Brazilian Beer Bet [BBB], aka Ambev SA (ABEV). In the two trading days of 2023, I have doubled my ABEV stake, and monitoring for further weakness.
- Dumped most of BDRY on the price bounce today.
- Added to AAPL today.
- Watching FRO pull back. I don’t mind that because it is inching down to a level where I might consider a nibble. The Russia-Ukraine conflict and its effects on other economies e.g. Europe, China & India, will continue to impact the tanker sector (both clean and dirty)
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Slow motion Deja Vu
The first two days of 2023 I have bumped up my ABEV stake - same as in 2022. Today (01/05/23), I have added to FLNG stake - same as in 2022.
Hmm??
Does that mean I should be looking at AY and DDOG next? Those were also ideas that got additional purchases in early 2022
Actually, I am wrestling with a VATE decision - add or wait?
Late in the trading day, added to AY position- slow motion Deja Vu continues.
Reasoning/logic: AY is a utility, a defensive type idea and fits in my long term strategy. Though I have some AY shares in the green, overall AY is red. In the medium-term, the purchase could be viewed as “replacement” shares
On the sudden pull-back, conventional tanker sector looks appealing - Torm (TRMD), INSW & FRO - all on the radar. The first two, primarily, the clean products angle, and with FRO, the mid-size tankers
Had done this in Dec 2022 too - trimmed GOGL on a bounce. Repeated the process today (01/06/23).
Taxable account, small loss (with div, overall gain). Early in the year, if shares get washed, I can live with that outcome.
Small nibbles - BNS (for dividend ac) and GSM
01/09
Feeling a lot more adventurous and optimistic today
- Another ABEV nibble
- A VZ nibble
- Dumped SPI runt position on price bounce
- Nibbled on INSW
- Added to PDT
- Added to NAT
- Added to VATE
01/10
Trimmed SBLK, after prior trims of GSL * GOGL.
GOGL issued a Press release on share buybacks.
https://www.goldenocean.bm/press-release/3519/gogl-transactions-made-under-the-buy-back-program-2/
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Shares purchased is not significant.
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After currency translation, that works out to $8.07/sh. If nothing else, that average gives an independent suggestion as to the value of GOGL shares are. Now, I wait for GOGL shares to retrace to those levels,
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Prior days this week, had considered whether I should trim the taxable ac CPNG stake. Didn’t … paid for that indecision 
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OTOH, good call on VATE nibble
01/13
Week 2 of the new year comes to a close.
Maybe I’m wrong to trim some dry bulk shippers here. But, the signs for dry bulk shipping are not positive so far. Today’s (01/13) news
Right – so the BDI is as low as during the Covid-19 pandemic period, and there is likely more downward pressure to come (at least, till after the Chinese New Year). Stay the course, add conventional tanker names if I
need shipping replacement options.
01/17
Still happening- trimming dry bulk shipping stakes as respective shares prices head higher
02/17
Logging into accounts for the first time in 3 weeks. Health of family member is more important than stock holdings. Been a rough emotional roller-coaster ride trying to assist my father.
A few trades while waiting to board my next flight - since I have out of the loop, just a few nibbles on known entities - ABEV, RA, GSM & CPNG. My hunch on TRMD turned out accurate. Slightly bigger surprise, at least to me, is NAT’s bounce.
March 2023 - week 1
FRO nibble - Taxable ac
GSM trim - Taxable ac
FRO nibble - Roth ac
Late to the party with FRO. But results were good for Q4 2022, and Q1 2023 looks even better QTD
Thanks for the CPNG article.
CPNG is a mixed bag for me. I have an positive slice in my Roth ac, and a larger negative slice in my taxable ac (overall negative). First took an interest in CPNG about 15 months ago. Along the way other developments caught my interest - a Softbank investment, signs that their strategy was beginning to mesh, a Druckenmiller investment. Both Softbank and Druckenmiller have trimmed, so I have toyed with the idea of having both a LT stake and a tradeable position. About 1.3% stake in invested dollars.
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Definitely 03/07 (possibly 03/06)
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ZIM bumped GSM out of 10th spot.
Might be short-lived as I rethink the ZIM holding in the Roth ac.
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More BNS
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GSL bounce had me take some gains. Noticed that the lessor made plans to sell GSL Amstel. While definitely not the oldest, certainly one of their smaller vessels.
03/08
- Dumped TKLF in both taxable acs
- JMIA nibble
- VATE trim in Roth ac
03/09
Ack! Back to ugly red days again.
Divs have started coming in - GOGL, GSL, FLNG
GOGL
GSL
FLNG
I love the double digit dividends. Have you checked out QYLD? I’ve had it for over 6 months and its a solid double digit dividend every month. Also, when/if crude oil starts to go up over $80, I will get back into OILK for the huge dividend that it pays (check out 2021 and 2022)…doc
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