Clip, you may be right within the next few days. Great little run from 18. I thought I'd be shorting it sooner. But as it heated up I wasn't about to step in front of a freight train. A person can't let their ego get in the way of playing a stock up or down. I own this stock, but I might as well hone my skills on playing to the down side from time to time. JKP
..."Wow, can't start a short till it stops streaking."..
Well I'll be damned. allnuts kept posting how he was going to short SFL at $21 and other lower prices and then turns around and reneges on his recommendation. Any investor with a modicum of hutspah who brags he's shorting at $21 would have had his order in before it hit $21. But this con artist only posted his intentions just to placate his ego.
I indicated last April, here, that this stock would end up the year at $25 and it looks like it might get there. If numbnuts had shorted at $21, he'd be losing .40/shr already. Now tell me who would short a stock in the face of a dividend coming up with a strong possiblity of a third dividend increase? Only allnuts, a neophyte, when it comes to evaluating stock trades and timing!
B-man...CIM has a new offering at $3.85 a share...I am a "add on buyer" today at anything near that price...! My opinion, this a good chance to lock in some more/future high yield dividends...! Board members, CIM current dividend is about 17.6%, P/E 6 and the forward outlook is strong...!
Board members...CIM, current price at $3.90 would put the dividend at 18.46% (if the dividends holds...it could go higher)...! That is a lot of "slack to play with" even if the dividend gets a reduction in the future...! This stock should also move higher in the future. I am not a pumper (to many share traded for that to work)...but it is, what it is...!