Alright Goose, talk to me... how much higher are we going to go before the pull back? I'm thinking the 30 mark is going to be a tough one to break, but if it does...we could see another 15% to 20% more?
No telling, considering the QE Ad Infinitum going on. This could be a $200 stock by this time next year - just enough profit to make a down payment on a cup of coffee. I'm long a bunch of Dec 22.50 calls that I bought out of the money in May. Exercising them vs selling them is a rather pleasant quandary right now.
I have owned this stock for about a year and a half. Bought at about 18 and the stock dropped to around 16. Liking the dividend I did not worry and eventually it hits 25 by May. Then it drops to 22 where I pick up some more a few months ago. Now we are almost at 30 and these guys are buying and lending to what appears to be some pretty good businesses and increasing their payouts with lots more earnings to cover. So I am thinking that the next drop will be to 27 and not much more. Earnings will be positive and that there is always that increase in dividend announcement right around the corner. So if you bought at 29 two days ago you may want to pick up a few more shares at 27 if we are so lucky. Then I think the next stop will be your 33. Just looking at a non technical pattern is all. So far its working for me.