Hold onto your hats....starting with Monday, we could be in for a rough ride with the Debt Ceiling fiasco...there is word that our bumbling politicians will actually allow a short govt. shut down. Since they spanked the debt rating
agencies the last time, there will be no decline in our credit rating by Moodys this time...wish I had cash, but I am mostly all in....CLMT is killing me, and it will probably go down further in any market decline...oh well...made my bed, now I will have to sleep in it.
gambler...I broke down and started a position in HTGC (yield about 7.5%) today, I could not help myself because it looks so good to me...I still have cash on the side (and dividend payouts on the way) to take advantage of any strong market pull-backs...
That said, I may be wrong but this may be a good entry point to buy some of the refineries...I feel the forward outlook is getting better for them and I will probably do some dollar cost averaging in my holdings in them (ALDW is killing me)...fact is, CLMT (yield about 9%) is probably over sold at this time...CLMT is not in my current holdings but I feel it is a good long term holding and having 'some growing pains' at this time...the future of refineries got a nice boost on CNBC today because of the strong output of oil...! Keep the faith...! $tagg...!
You know I like HTGC--you made a goof bet
I have a tiny cash horde that I will use for weakness monday???
NTI, RNF UAN are killing me LNCO and LINE are not doing me any favors either
Friday may be the tell....
Good luck to all