Andrew Bolton - Independent Trader : 111.05% YTDThe fund had an incredible year. 111.05 % is something to be proud of. The utilization of shorts, naked calls, and long strategies were the key to the fund's success. We did a lot less shorting of calls and puts then we did last year. This years growth in the market prevented from many aggressive short strategies to be utilized. Also a more appreciative market did not allow for strangles to be utilized as much as last year. The S&P 500 made major gains for 2013. 76.661% for its 52 week range. But referring to a previous article I wrote, I would be very suspicious going into 2014. There have been major sell offs starting from this trading range. The S&P is about 26.41 points or 17.1% higher then from its previous high where the sector turned and the latest economic downturn started. The markets have shown steady growth, and the sections below I discuss top investments, and top funds. There will be no doubt in my mind that 2014 will be full of Headlines, and trading opportunities. I see great Bear strategies, and new Bull markets. In this new year, I am scheduling speaking events, and developing a social trading agreement with a select group of firms. I hope to generate a larger following on the Seekingalpha page, and hopefully the Covered Call gets a stronger following. As to the fund, I want to exceed this year's return. That would be an impressive accomplishment. This will be the last post for the year. I will be spending my time with my family and friends. Below I have ranked the returns of this years investment, private equity, and hedge funds to the best of my ability and with the ability to source their returns. Also I have written an informative opinion peace reflecting 2013. It may be much for a single post, but it is the end of the year. I wish you and your families a Merry Christmas, a Happy Hanukkah, and a wonderful New Years. -Andrew Bolton Hedge Fund & Traders Performance Results for 2013
In Comparison Top Strategy for 2013 : Distressed Indexes an average of the performance of more than 100 hedge funds who use the strategy—is up 13.28 percent through November. That's better than benchmarks for U.S. equity (12.50 percent); event driven or activists (12.02 percent); and global equity (11.33 percent). Some of the best distressed funds over the year have been David Tepper's Appaloosa Management Palomino Fund (up 38.3 percent); John Paulson's Credit Opportunities Fund (up 20.08 percent through November); and Davidson Kempner's Distressed Opportunities Fund (up 18.28 percent), which is managed by Anthony Yoseloff, Avi Friedman and Conor Bastable. The performance figures are from a report by HSBC's Alternative Investment Group. According to CNBC : equities graph showed a 12.50% return this year. But the Exchange that took the crown this year was the Caracas Stock Exchange at 45.2 % compared to the Nasdaq at 33.7%. Stocks : Daimler - 60% Mylan - 55% Intel - 25% Qualcomm- 20% Inestor Place , 2013 |
merry_christmas_everyone.pdf |
IWO: Last Trade of the Year + 64.29 %
IWO January $133 Calls @ $1.40 sold @ $2.30
Moved along the 200 day EMA and had its expected blast. 53.19% return on the contract, is above my 35% instant trigger, and I not going argue. This putting the fund over 97.32%. there is still some time before the end of the year review. But the goal of 100% return is almost in my grasp.
I apologize, you must not have heard me; what I said was "I'M THE BEST YOU'VE NEVER HEARD OF". I realize that this is a most pretentious declaration, but as you can see below, the numbers do not lie. I have time after time, shown my profitable trades, and have accepted and shown the losses sustained. With a current Year to Date ARR of 84.33% return on my portfolio I have from what I have seen crushed many if not most of my hedge fund competition. See for your self THE WEEK, ZERO Hedge, (The Bible) FORBES, B.I, BARRONS, Insider Monkey .
According to Business Insider, This year's hedge fund returns lag compared with a 25.3% gain in the S&P 500. Even mutual funds returned 24.8%.
According to Business Insider, This year's hedge fund returns lag compared with a 25.3% gain in the S&P 500. Even mutual funds returned 24.8%.
BUY APC put 85 Jan 14 @ $2.68 : 202.26%
The Goldman Sachs Group, Inc. (GS)
Wall Street’s Christmas Gift
Company Overview
The Goldman Sachs Group, Inc. provides investment banking, securities, and investment management services, as well as financial services to corporations, financial institutions, governments, and high-net-worth individuals worldwide. Its Investment Banking segment offers financial advisory services, including advisory assignments with respect to mergers and acquisitions, divestitures, corporate defense, risk management, and restructurings and spin-offs; and underwriting services comprising public offerings and private placements of a range of securities, loans and other financial instruments, and derivative transactions. The company’s Institutional Client Services segment provides client execution services, such as fixed income, currency, and commodities client execution related to making markets in interest rate products, credit products, mortgages, currencies, and commodities; and equities related to making markets in equity products, as well as executes and clears institutional client transactions on stock, options, and futures exchanges. This segment also engages in securities services business providing financing, securities lending, and other brokerage services to institutional clients, including hedge funds, mutual funds, pension funds, and foundations. Its Investing and Lending segment originates longer-term loans; and invests in debt securities, loans, public and private equity securities, real estate, consolidated investment entities, distressed assets, currencies, commodities, and power generation facilities. The company’s Investment Management segment provides investment products and services, as well as offers wealth advisory services, including portfolio management and financial counseling, and brokerage and other transaction services. The Goldman Sachs Group, Inc. was founded in 1869 and is headquartered in New York, New York.
Investment Thesis
Every year, since around 2002, Goldman Sachs has beaten the S&P 500 index. Has corporate culture at the big bank made this a priority or is it just a goal that the firm wishes to accomplish. Regardless of the purpose the major point is; against the S&P, Goldman DOES NOT LOOSE. In this article there are graphs depicting gains and price ranges from as low as 7% to as high as 20% in comparison to the S&P for the observed trading period. But the main focal point is the last two- three weeks of trading; usually from around December 20th to about January 5th the new week of trading the New Year. Goldman Sachs’s stock always has an upward momentum, major pivot off a low, or a noticeable rally. Even from our country’s low points in 2009-2010, as you will see in the 2009 graph, Goldman Sachs has been able to come from their lows at the previous week before Monday December 14th through the holiday week past Monday December 28th and Monday January 4th the stock finally retracted.
TO CONTINUE READING THIS ARTICLE PLEASE VIST (SEEKINGALPHA.COM)
Wall Street’s Christmas Gift
Company Overview
The Goldman Sachs Group, Inc. provides investment banking, securities, and investment management services, as well as financial services to corporations, financial institutions, governments, and high-net-worth individuals worldwide. Its Investment Banking segment offers financial advisory services, including advisory assignments with respect to mergers and acquisitions, divestitures, corporate defense, risk management, and restructurings and spin-offs; and underwriting services comprising public offerings and private placements of a range of securities, loans and other financial instruments, and derivative transactions. The company’s Institutional Client Services segment provides client execution services, such as fixed income, currency, and commodities client execution related to making markets in interest rate products, credit products, mortgages, currencies, and commodities; and equities related to making markets in equity products, as well as executes and clears institutional client transactions on stock, options, and futures exchanges. This segment also engages in securities services business providing financing, securities lending, and other brokerage services to institutional clients, including hedge funds, mutual funds, pension funds, and foundations. Its Investing and Lending segment originates longer-term loans; and invests in debt securities, loans, public and private equity securities, real estate, consolidated investment entities, distressed assets, currencies, commodities, and power generation facilities. The company’s Investment Management segment provides investment products and services, as well as offers wealth advisory services, including portfolio management and financial counseling, and brokerage and other transaction services. The Goldman Sachs Group, Inc. was founded in 1869 and is headquartered in New York, New York.
Investment Thesis
Every year, since around 2002, Goldman Sachs has beaten the S&P 500 index. Has corporate culture at the big bank made this a priority or is it just a goal that the firm wishes to accomplish. Regardless of the purpose the major point is; against the S&P, Goldman DOES NOT LOOSE. In this article there are graphs depicting gains and price ranges from as low as 7% to as high as 20% in comparison to the S&P for the observed trading period. But the main focal point is the last two- three weeks of trading; usually from around December 20th to about January 5th the new week of trading the New Year. Goldman Sachs’s stock always has an upward momentum, major pivot off a low, or a noticeable rally. Even from our country’s low points in 2009-2010, as you will see in the 2009 graph, Goldman Sachs has been able to come from their lows at the previous week before Monday December 14th through the holiday week past Monday December 28th and Monday January 4th the stock finally retracted.
TO CONTINUE READING THIS ARTICLE PLEASE VIST (SEEKINGALPHA.COM)
I recommend the December $20 calls at $.90. But because of the pull back, and the possible drop in price, I recommend building a Straddle. I would recommend buying the January $20 calls @ $1.66 and the January $20 Put @ $2.05. This play will be a debit cost ($3.71) but it will protect you. If the stock breaks down your support levels for the put would be $16.00 and the final support and base at $12.04, netting you $4, & possibly $7.96 profit. This would allow you to sell the call if you need to, but I would recommend holding on to it. If the stock stabilizes at $16, you may able to add to the bet because of the January expiration.
WHY?
GDP has a current Value of $2.07 per share. Therefore, it is overvalued compared to its Price of $19.59 per share. Value is computed from forecasted earnings per share, forecasted earnings growth, profitability, interest. The stock is currently trading within a $.46 range of the 100 & 200 day EMA. If the 200 day EMA can cross over the 100 day it will indicate a bullish trend has started. The stock has options interest in the thousands which is important for liquidity, and with that mentioned, the $20 calls have massive interest at 11,697 contracts. These long calls lock in the price where traders can buy the stock through mid-January no matter how far it might climb. They could be sold earlier at a profit if premiums rise with a rally before then, but the contracts will expire worthless if shares remain below $20. GDP rose 3.58 percent yesterday to close at $19.36. The oil and natural-gas company broke out of a multi-month range in late July and ran up to $28.55 in October--its highest price since late 2009--but has been declining steadily since.
WHY?
GDP has a current Value of $2.07 per share. Therefore, it is overvalued compared to its Price of $19.59 per share. Value is computed from forecasted earnings per share, forecasted earnings growth, profitability, interest. The stock is currently trading within a $.46 range of the 100 & 200 day EMA. If the 200 day EMA can cross over the 100 day it will indicate a bullish trend has started. The stock has options interest in the thousands which is important for liquidity, and with that mentioned, the $20 calls have massive interest at 11,697 contracts. These long calls lock in the price where traders can buy the stock through mid-January no matter how far it might climb. They could be sold earlier at a profit if premiums rise with a rally before then, but the contracts will expire worthless if shares remain below $20. GDP rose 3.58 percent yesterday to close at $19.36. The oil and natural-gas company broke out of a multi-month range in late July and ran up to $28.55 in October--its highest price since late 2009--but has been declining steadily since.