I was just making a joke nyx man...He was on cnbc & talking about the biz & I thought he came across very well...The shorts had a point at 90 100 on this stock but now they don't...I think the tide has changed & costs are under control...When we get above the old high of 31.93 then it's on to previous support in Sept 08 which will be resistance at 35 or so...Sure we could track with the mkt on down days but overall we go higher and I do expect that the div will be raised within one year...I may consider writing calls at 35 on part of my stock and only in between earnings...glta
Don't look for a div increase for a while. The current payout is well above what their earnings justify. They will keep the current div as they expect their earning to increasae to a point where the current div payout will be justified. Inorder to increase div earnings would probably need to exceed $3.00 share.
Writing 35 calls is probably a good conservative idea. For myself I probably am to bullish but I am buying calls. I dont see much resistance between 31.90 and $40s. Stock tanked straight down from over $44 to $24 in 2 weeks Sept 08. If we can stay solidly above 31-32 then i think its clear sky to 40s.
If we can get above 40 and the news remains positive the chart looks like another clear shot at 60
Wishfull thinking on my part nyx...10% revision up and we do have 3.00 per share...fwiw I think we got the volume today in a down mkt...Would love to see go over the 5.5 mil down volume bar set on march 15th...It's kicking in hard nyx this is what I was looking for...The vloume should pick up in the last 30 min hard...Good luck to ya...