I’m going to consolidate my investment-related and non-investment-related posts on Steam Catapult for now. As I noted in the comment thread of a recent post there (“I’m not as good as I once was”),
I started Shadow Stocks partly because I had negotiated a twofer deal with my logo designer, and partly because I had [...]

A couple of weeks ago I mentioned I bought a few of the $85 strike SEP 10 puts on BP Prudhoe Bay (NYSE: BPT). Sold out of BPT today at $104.69, for a gain of a little over 100% since I bought it in ‘07. Also put in a limit order to buy a [...]

Back in January, on the old blog, I mentioned this Altman Z”-score pairs trade:
As of Friday’s close, Short Screen showed an Altman Z”-Score of -0.13 for Trico Marine Services (Nasdaq: TRMA) and an Altman Z”-score of 9 for Oceaneering International (NYSE: OII). Recall that Z”-scores below 1.1 indicate financial distress and risk of bankruptcy, [...]

The FT reports:
The deal by Vale of Brazil and Anglo-Australian BHP Billiton with Japanese and Chinese mills marks the end of the 40-year-old benchmark system of annual contracts and lengthy price negotiations. The industry instead agreed to move to quarterly contracts linked to the nascent iron ore spot market.
“The benchmark system has ended. There is [...]

I contacted the fellow who brought Nanologix (Pink Sheets: NNLX.PK) to my attention initially (Barry B.), asking him if he’d be interested in writing a guest post about it here. My e-mail caught him on vacation in Belize, but he said he’d take as stab at a guest post here when he got back. [...]

On the other blog: 2010 = 1999 + 1982?.

In a post last week, I mentioned that the cost of hedging a position in the S&P 500 tracking ETF SPY against a greater-than-20% loss for six months was about 1.3% of the position value. Checking it again today, the cost dropped to about 1.1%. So I went ahead and bought a few of the [...]