elann’s Activity

Tue Apr 15

NL

Boards Post

elann replied to the Mechanical Investing board. 3:19 PM

Re: ntiof

What is the difference between na.to & ntiof? The both show as National Bank of Canada

They are the same shares. They trade on the Toronto Stock Exchange under the symbol NA.TO and Over The Counter in [more]

Mon Apr 14

NL

Boards Post

elann replied to the Mechanical Investing board. 5:44 PM

Re: ntiof

Bank of Canada was on a screen a couple of weeks ago. No activity today?
Anyone know why?

I presume you mean National Bank of Canada (just another bank), not Bank of Canada (the central bank).
Most of its volume is on the Toronto
[more]

Sun Apr 13

NL

Boards Post

elann replied to the Mechanical Investing board. 11:12 PM

Re: Poll: robust screens

I high disagree with shallow screens. Just varying the parameters in a screen will affect the outcome (ie. what the picks are) by a lot- chaos.

The depth to which you backtest a screen has little to do with how you invest in it. If [more]

NL

Boards Post

elann replied to the Mechanical Investing board. 3:35 PM

Re: Poll: robust screens

Wide and shallow is an illusion of diversification. IMO

I think this depends on the definition of shallow. You yourself only go 5 deep but use time diversification to gain breadth.

As I said, the challenge is to find the correct
[more]

NL

Boards Post

elann posted to the Mechanical Investing board. 1:08 AM

Arezi Ratio for Apr 14


* 3/24 3/31 4/7 4/14/14
S&P 500 Index 1866.52 1857.62 1865.09 1815.69
Trailing 12 month PE 17.71 17.74 17.75 17.24
Trail Earnings yield 5.65% 5.64% 5.63% 5.80%
Forward 12 month PE 14.70 14.63 14.69 14.30
Fwd Earnings [more]

Fri Apr 11

NL

Boards Post

elann replied to the Mechanical Investing board. 3:03 PM

Re: Timing

But this article is absolutely spot-on about one thing:
investor psychology. If an investor lacked cold-as-steel nerves and either failed to sell or buy stocks when triggered, the timing strategy’s performance would be much worse. This is
[more]

Wed Apr 9

NL

Boards Post

elann replied to the Mechanical Investing board. 6:44 PM

Re: 14-yr test: 33% cagr with 15 dd 1.2 sharpe

Back of envelope math:
$10,000 earning 23.5% for 30 years = $5,623,526
For 40 years = $46,417,132
For 34 years = $13,082,072

This doesn't pass the smell test.

By way of comparison:
BRK.a today is 184,640. In 1980
[more]

Tue Apr 8

NL

Boards Post

elann replied to the Mechanical Investing board. 9:23 PM

Re: advise if a company is accused of fraud

“The Rosen Law Firm announces that it is investigating potential securities claims against Kingold Jewelry, Inc. (KGJI) resulting from allegations that Kingold may have issued materially misleading business information to the investing [more]

Sat Apr 5

NL

Boards Post

elann posted to the Mechanical Investing board. 6:13 PM

Arezi Ratio for Apr 7


* 3/17 3/24 3/31 4/7/14
S&P 500 Index 1841.13 1866.52 1857.62 1865.09
Trailing 12 month PE 17.55 17.71 17.74 17.75
Trail Earnings yield 5.70% 5.65% 5.64% 5.63%
Forward 12 month PE 14.58 14.70 14.63 14.69
Fwd Earnings [more]

Fri Apr 4

NL

Boards Post

elann replied to the Mechanical Investing board. 12:15 AM

Re: Arggh....Wash Sales

Let's say I buy $10,000 worth of stock and sell it two weeks later at a loss for $5000. I then have a $5000 loss to deduct.

But, let's say that rather than buy the $10,000 all at once, I buy it in two separate $5,000 orders on the same
[more]

Tue Apr 1

NL

Boards Post

elann replied to the Mechanical Investing board. 5:17 PM

Re: Beware Placing Market Orders

If, instead, we had the ability for new market participants to offer a better service, then we might be able to get somewhere. If Google or Apple could set up new technology that could combat the HFT crowd, how much more would you be willing to [more]

Mon Mar 31

NL

Boards Post

elann replied to the Mechanical Investing board. 11:20 PM

Re: learning from my mistakes

So whatever the reason for the high premium on the WFC-L and WFC-J, it's not the fact that it can't be called.The reason has to be more complicated than that. L can't be called but J can, yet they're both trading at about 16% over [more]

NL

Boards Post

elann replied to the Mechanical Investing board. 3:10 PM

Re: Beware Placing Market Orders

There is also a limit to the usefulness of limit orders. For example, if the bid and ask are 11.55 and 11.56 a market order has worked fine for me.

It's all about liquidity and not about the size of the spread. If your buy order size [more]

NL

Boards Post

elann replied to the Mechanical Investing board. 2:46 AM

Re: learning from my mistakes

WFC-L coupon is 7.5%, and is currently at 1176 to give a yield of 6.4%. That's right in line with the current going rates, on the low side.
It's not that the price is high because it's non-callable. The price is high because that's what it
[more]

Sun Mar 30

NL

Boards Post

elann replied to the Mechanical Investing board. 7:49 PM

Re: learning from my mistakes

* Follow-on to that: if the price is over par by 1 to 1.5 years worth of dividends. Effectively, you collect those dividends all at once. Ex: Jim mungo likes WFC-PL, par 1000 currently 1176, pays $75 dividend per year. I sold it when it hit [more]

NL

Boards Post

elann posted to the Mechanical Investing board. 7:28 PM

Arezi Ratio for Mar 31


* 3/10 3/17 3/24 3/31/14
S&P 500 Index 1878.04 1841.13 1866.52 1857.62
Trailing 12 month PE 17.97 17.55 17.71 17.74
Trail Earnings yield 5.56% 5.70% 5.65% 5.64%
Forward 12 month PE 14.93 14.58 14.70 14.63
Fwd [more]

Sat Mar 29

NL

Boards Post

elann replied to the Mechanical Investing board. 8:25 PM

Re: learning from my mistakes

DLR-H (bought as DLRDP on OTC, hasn't moved to the NYSE yet)
TDJ
UZA
AMP-A
DRU


Thanks for sharing.

Um, looks to me like DRU, TDJ, and UZA are common stocks.

Elan

NL

Boards Post

elann replied to the Mechanical Investing board. 6:42 PM

Re: learning from my mistakes

I bought 5 new preferreds last week, all investment grade

Care to share?

Elan

Fri Mar 28

NL

Boards Post

elann replied to the Mechanical Investing board. 5:03 PM

Re: wfc put writing

GPN140816C00080000 currently is 0.65 bid and 4.70 ask.
...
In a case like your example I would start my offer to buy at 0.70 and gradually raise my offered price in small increments, at 10-15 minute intervals. Ultimately I can buy the
[more]

NL

Boards Post

elann replied to the Mechanical Investing board. 4:32 PM

Re: why 10 years of data is not enough

Gladwell said it takes 10,000 hours to be an expert. That sounds about right to us. There are no shortcuts in investing. Do your homework, or caveat emptor.

Reading the article in the context of its opening quote:
"With four [more]

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Board Posts 18560
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