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  • stan91724 stan91724 • Apr 7, 2010 11:30 AM Flag

    Duncan on CNBC right now...

    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

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    • nyx_man nyx_man • Apr 7, 2010 1:37 PM Flag

      Stan One yor you.

      Agree with much of what you said except

      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

      good luck

 
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