i have to stay put in everything here. the stock dividend will pay some of the options loss if this pulls back.
unfortunately Crimea is in distress and I hope this ends. this has however elevated the integral awareness on sto to the supply of wholesale gas and oil in Europe and around the world
looking to catch an updraft on the stock and do not want to miss it. I have made enough day trading to pay this round of options anyhow.
this is a third attempt to get above 27.40. it is a tough road to plow. my money in sto is 4% of normal. but in options which gives more leverage. buying sto 25 dollar calls when it was so low around valentines day or before would have a 600% return right now. still I rolled out of stock and back into options . finally getting the hang of ameritrade thinkorswim platform. liked their streamersuite maybe better. think has an option market value lookup, which is always more midway between bid and ask. it can make a 10% difference in the cost. I just checked my last at the ask buy and it cost me 90 dollars more than the market- so live and learn. cannot take it with you but maybe some of the experience takes one to their source which I believe happens if you let it.
it gives my account potential for shares equivalents. the in the money I can call into my account anytime and the out of the money, you know, I have to sell the options unless this actually moves over 30 dollars. right now I would not be surprised to see another 6% quick jump in STO in the next month.
gas drillers are charging up to 36% handling fee off of market price percentage. some landowners are paying Chesapeake about 36% deduct and Statoil charges no deduct. That is what I call honorable. I would like to see more of that.
this stock is still in a strong uptrend since its outbreak on about Feb. 10. it is an uptrend that is not sustainable technically as the up slope is so steep. if it holds for awhile this Spring it will be trading in the 30's. for now the slope appears to need to hold above around 26.60 or so to hold it's up line. I think traders are realizing the fundamental strength as well maybe as what I call the 10 year slump which on a good company is when it is due for a rise that ends up holding until the next market crash which has been happening more often
I happen to be out of sto other than a very small fraction in july calls. looks like another market pull back coming here. watch for three failed pullbacks to find a safer entry. may be a short here, with stop.
had a chance to exit all STO at a profit and re-enter at 26.95. This appears to be a tough call coming into the open as based on Japenese candlesticks this looks like a simple evening star which would indicate a simple sell in the morning as the trading seems to run out. This would secure a one day gain, so worst case is I lose my ride and the wave turns out to be a surge that does not settle back yet. It is best to buy and hold here for portfolios. Shorting is gutsy but so often this pig settles down all day long. If Norway breaks out or down or whatever by the opening it just makes a great guide. STO historically is strong on STL.OL if I recall but gets creamed when there is a big market set back, which may be in the wind coming from the west.
rating before this stock moves over 30 dollars. Day traders try to split hairs. Swedbank is trying to sway the market. By the way Yahoo says realtime quotes, but that is a lie or mis-statement. I will be a bit more careful as you get a better estimate with information that is not a full half hour old. I need better NOK data feed from somewhere. I will have to dig around. It sucks to be a low life trader. But it creates its own challenge.
Dividend is already set at 7 krone per share. 7/5.9765=1.17 less approx. 15% Norwegian federal tax. No write off in US for Norwegian tax is there?
Annual General Meeting takes place 14 May. Dividend will be decided at the AGM. Ex-dividend next trading day. Payment some days later.
But we have also introduced quarterly dividends in the proposal to the AGM.
Two quarterly payments in second half of 2014 (for 2014 earnings) according to proposal. This will be paid in August and in November (assuming AGM gives consent).
If I only made ten bucks every time I sold an issue I'd have a huge frownie face & no retirement income.
I'll sit tight for 7 to 10 years per issue & enhance my returns by at least 1% to 2% over the looooooong haul!
Your toon is a wish. There is way more in day trading than hold on. But a good stock is the safest place for me to day trade for the reason I said. If you cannot beat 10 dollars a trade you aren't making it.