Investment Markets

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Top inverse bond E.T.F.'s

This is a list of the top inverse bond and bond market E.T.F.'s. The E.T.F.'s included are the more liquid choices with higher daily average trading volumes and more stable trading behaviours. The longer the maturity, the more volatile the security is and performance is greater than shorter term maturities (up and down.)

 Security

 Symbol

 U.S. treasury  long

DLBS

 7-10 year  treasury  

 TBX

 7-10 year  treasury

PST

TSX listed inverse bond E.T.F.'s

  Security

 Symbol

 U.S. 30  year  treasury

HTD

 Federal bonds

 ZFS

 Corporate bonds

 ZCS

 Provincial bonds

 ZPS

Three times performance Inverse Bond E.T.F.'s

  Security

 Symbol

  20  year  plus

 TMF

 20 year  treasury

 TMV

  7 - 10 year  

TYO

For timing with buy and sell prices and dates, use the markets research and portfolio guidance including strategy on building the income generating power in a fixed income portfolio.

MOMO no go

Korean social networking platform company Momo Inc. (MOMO) is now trading following the completion of the I.P.O. But the lack of information for MOMO is yet another example of an unacceptable practice with publicly traded securities.

This isn't about MOMO specifically and it's not a criticism of the company. Although having said that, MOMO and other I.P.O.'s could make an effort to disseminate information about themselves. It's not just to satisfy securities laws, but do it for their own benefit. It's called promotion for the purpose of boosting the share price.

Let's work through this looking at why digging around for information on I.P.O.'s is too much of the wrong kind of effort.

  • There are no press releases from the company except for the Dec 11th release Momo Announces Pricing of Initial Public Offering.
  • Reuters.com has no information in the financials section of their website. Reuters is useful for their table format of earnings and revenues on a quarterly basis for the last 2.5 years on average. You could argue that Reuters is dropping the ball, but what's their incentive to do it on the day the stock starts trading?
  • Finding the company's website is an exercise in frustration. There are too many publicly traded companies that don't even have a website. Really? We're supposed to consider investing in a big shot company that doesn't even have a website?

Edgar is the source for all public document filings for publicly listed companies listed on a U.S. exchange. Searching through the table of contents in Form F-1 leads to pg. 58 for financial information. It says the company isn't profitable, yet, and 2013 was the first year of revenues according to the ADS filing. But here's something else.

Further review of the lengthy document shows screenshots from the company's alleged platform. The content, i.e. the text in those screenshots, is in Korean with no translaton. Now we have foreign companies providing documents intended to provide transparency and disclosure and it's not in the native language of where the stock trades.

Why You Wait

Of course there are people who know about this company. Most of them are investment industry participants who are attempting to line their pockets by selling the I.P.O. The others are institutional investors who took the stories fed to them and documents provided by MOMO. Those investors are doing well on day one as the stock is well above the $13.50/share I.P.O. price. It's still early however and we know the first day can be something entirely different from what follows!

Retail investors will have to wait to get basic information, but maybe waiting will turn out to be advantageous.

Investor Boot Camp Online and Thornton Wealth Strategies provide useful investment information on market analysis and portfolio guidance, because no one else will.

 

For contact; info@investorbootcamponline.com

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Commentary including ideas, historical and other market indications are not investment advice. Statistics and other data may be from other sources and may be inaccurate or incomplete. See Full Disclaimer.

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