Using Veritas to Construct the "Per…

29-04-2017 Hits:84654 BoomBustBlog Reggie Middleton

Using Veritas to Construct the "Perfect" Digital Investment Portfolio" & How to Value "Hard to Value" tokens, Pt 1

The golden grail of investing is to find that investable asset that provides the greatest reward with the least risk. Alas, despite how commonsensical that precept seems to be, many...

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The Veritas 2017 Token Offering Summary …

15-04-2017 Hits:79117 BoomBustBlog Reggie Middleton

The Veritas 2017 Token Offering Summary Available For Download and Sharing

The Veritas Offering Summary is now available for download, which packs all the information about Veritas in a single page. A step by step guide to purchasing Veritas can be downloaded here.

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What Happens When the Fund Fee Fight Hit…

10-04-2017 Hits:78962 BoomBustBlog Reggie Middleton

What Happens When the Fund Fee Fight Hits the Blockchain

A hedge fund recently made news by securitizing its LP units as Ethereum-based tokens and selling them as tradeable (thereby liquid) assets. This brings technology to the VC industry that...

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Veritaseum: The ICO That's Ushering in t…

07-04-2017 Hits:83452 BoomBustBlog Reggie Middleton

Veritaseum: The ICO That's Ushering in the Era of P2P Capital Markets

Veritaseum is in the process of building peer-to-peer capital markets that enable financial and value market participants to deal directly with each other on a counterparty risk-free basis in lieu...

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This Is Ground Zero for the 2017 Veritas…

03-04-2017 Hits:80015 BoomBustBlog Reggie Middleton

This Is Ground Zero for the 2017 Veritas Offering. Are You Ready to Get Your Key to the P2P Capital Markets?

This is the link to the Veritas Crowdsale landing page. Here is where you will be able to buy the Veritas ICO when it is launched in mid-April. Below, please...

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What is the Value Proposition For Verita…

01-04-2017 Hits:82324 BoomBustBlog Reggie Middleton

What is the Value Proposition For Veritas, Veritaseum's Software Token?

 A YouTube commenter asked a very good question that we will like to take some time to answer. The question was, verbatim: I've watched your video and gone through the slides. The exchange...

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This Real Estate Bubble, Like Some Relat…

28-03-2017 Hits:53298 BoomBustBlog Reggie Middleton

This Real Estate Bubble, Like Some Relationships, Is Complicated...

CNBC reports US home prices rise 5.9 percent to 31-month high in January according to S&P CoreLogic Case-Shiller. This puts the 20 city index close to an all time high, including...

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Bloomberg Chimes In With My Warnings As …

28-03-2017 Hits:81330 BoomBustBlog Reggie Middleton

Bloomberg Chimes In With My Warnings As Landlords Offer First Time Ever Concessions to Retail Renters

Over the last quarter I've been warning about the significant weakness in retailers and the retail real estate that most occupy (links supplied below). Now, Bloomberg reports: Manhattan Landlords Are Offering...

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Our Apple Analysis This Week - This Comp…

27-03-2017 Hits:81328 BoomBustBlog Reggie Middleton

Our Apple Analysis This Week - This Company Is Not What Most Think It IS

We will releasing our Apple forensic analysis and valuation this week for subscribers (click here to subscribe - lowest tier is the same as a Netflix subscription). As can be...

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The Country's First Newly Elected Lame D…

27-03-2017 Hits:81142 BoomBustBlog Reggie Middleton

The Country's First Newly Elected Lame Duck President Will Cause Massive Reversal Of Speculative Gains

Note: Subscribers should reference  the paywall material here for stocks that should give a good risk/reward scenario for bearish trades. The Trump administration's legislative outlook is effectively a political desert, with...

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Sears Finally Throws In The Towel Exactl…

22-03-2017 Hits:86992 BoomBustBlog Reggie Middleton

Sears Finally Throws In The Towel Exactly When I Predicted "has ‘substantial doubt’ about its future"

My prediction of Sears collapsing once interest rates started ticking upwards was absolutely on point.

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The Transformation of Television in Amer…

21-03-2017 Hits:85008 BoomBustBlog Reggie Middleton

The Transformation of Television in America and Worldwide

TV has changed more in the past 10 years than it has since it's inception nearly 100 years ago This change is profound, and the primary benefactors look and act...

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The option strategy analyses that I have been releasing over the last month or two were designed to assist me in plugging the profit leaks that were caused by what I consider a signficantly excessive bear market rally. I, personally, believe that fundamentals will come back to the forefront after the summer vacation season ends and more volume returns to the market, thereby reducing the influence that program trading can have on share prices. I have started slowly legging out of market neutral positions and adding OTM puts around the valuation bands indicated in my forensic valuation reports. As can be seen from below, the market neutral strategies have succeeded in plugging the profits leaks, which was their purpose, and they will be profitable upon a sharp correction, but the calls inherent in the strategy would considerably dampen profits if I am correct in the market correction forthcoming. 


Option Position sheet based on closing price as of September 2, 2009.

1) Overall the P&L position represented a gain of $2,078 on a net premium of $73,396 representing gain of 2.8% as of September 2, 2009 against a gain of $424 or gain of 0.6% of net premium as of September 1, 2009.

2) The gain for S&P was at $2,136 or 6.7% of total premium against a gain of $1,571 or 4.9% of total premium as of September 1, 2009 while loss from stocks decreased to $(58) or -0.1% of total premium as of September 2, 2009 compared with $(1,147) or -2.8% of total premium as of September 1, 2009 . The losses in selected strategies decreased primarily on account of WYNN. The strategies of WYNN posted net gains of $227 on September 2, 2009 against net loss of $792 on September 2, 2009 owing to decline in the price of the calls sold under various strategies.

3) As of September 2, 2009 preferred strategies for stocks posted gain of $865 or 6.4% on total premium versus gain of $548 or 4.1% of total premium as of September 1, 2009 while S&P preferred strategies posted a gain of $319 on September 2, 2009 versus loss of $(1,906) on September 1, 2009.

 

 

 Selected strategies

 Preferred strategies (top two strategies)

 Underlying

 Company

 Net gain (loss) - Sep, 02

 Net gain (loss) - Sep, 01

 Net Premium 

 Gain (loss) as % of premium

 Preferred strategies (Net gain (loss)  Sep, 02

 Preferred strategies (Net gain (loss)  Sep, 01

 Net Premium 

 Gain (loss) as % of premium

 Sep, 02

 Sep, 01

 Beginning of period

 % change over prev day

 % change since beg

 S&P 500

         2,136

         1,571

      (31,979)

6.7%

                319

                (1,906)

        (2,966)

10.8%

     994.8

     998.0

     997.1

-0.3%

-0.2%

 

 

   

 

 

   

 

       

 

 Stocks

 

   

 

 

   

 

       

 

 AXP

              20

              35

        (2,240)

0.9%

                  80

                       70

        (1,500)

5.3%

       32.0

       32.0

       31.7

-0.1%

0.8%

 CAT

              24

           (134)

        (7,546)

0.3%

                  62

                     (15)

        (2,914)

2.1%

       43.5

       43.8

       46.6

-0.8%

-6.7%

 GS

        (3,628)

        (3,389)

      (12,252)

-29.6%

           (1,718)

                (1,644)

        (6,498)

-26.4%

     158.5

     160.2

     164.1

-1.0%

-3.4%

 HOT

        (1,798)

        (1,738)

        (6,908)

-26.0%

              (220)

                   (225)

        (2,305)

-9.5%

       27.7

       27.7

       27.8

-0.2%

-0.6%

 JPM

           (483)

           (413)

        (7,687)

-6.3%

              (161)

                   (227)

        (3,843)

-4.2%

       40.9

       41.7

       41.2

-1.9%

-0.9%

 MAC

           (133)

           (128)

           (193)

-68.9%

              (100)

                       (0)

            170

na

       25.4

       26.3

       23.6

-3.4%

7.9%

 SHLD

         5,652

         6,055

         9,225

na

             2,880

                  2,830

         3,600

na

       61.2

       61.5

       78.4

-0.5%

-21.9%

 STI

             (94)

           (413)

        (2,189)

-4.3%

                120

                     120

            260

na

       20.2

       21.7

       20.1

-7.2%

0.5%

 WFC

            155

           (230)

        (2,604)

6.0%

                124

                     (60)

        (1,740)

7.1%

       26.1

       26.2

       27.9

-0.5%

-6.4%

 WYNN

            227

           (792)

        (9,023)

2.5%

              (202)

                   (301)

         1,260

16.0%

       52.7

       52.5

       52.9

0.4%

-0.4%

 Total Stocks

             (58)

        (1,147)

      (41,417)

-0.1%

                865

                     548

      (13,510)

6.4%

       

 

 

     

 

     

 

       

 

 Total

         2,078

            424

      (73,396)

2.8%

             1,184

                (1,358)

      (16,476)

7.2%