With all the hype of indexes new high, smart money are selling and going into the sideline. So, i can only say that this are driven by late comers that are retail investor. Caution should be use that we are riding this wave trying to squeeze every possible gain but also ready to unload at the moments turn, or something does not look right.
Still 100% in and riding this wave. Took a coin flip and decided to not sell before the announcement - lucky coin flip. Since the Fed and other nations banks are pumping in the liquidity, we should go higher, at least through the dividend. Staying the course ......
RD hit its first target and now moving to $71 (second target) for the x-date. I have a good feeling we will get there because the Institutional selling seem to have stop, so it will be mostly dividend buyers from no on. My opinion only.
intuition, not the college kind, tells me no. still believe this interval will snag a lot in the net. A little compare with Exxon short term tells me this is on soft sand. If I am taking history into account, thinking more about general markets in May and a lot less about this dividend run. If you remember only 80 days ago people were burned alive on the dividend run. Take a couple more market selloffs and it won't matter what they report anyway. Will hope for the fortune of investors here but I don't have the good feeling.
Sold 1/3 of trading position (stock that was put to me via puts that I had sold previously) at 68.45 this morning - only a small gain on those. Was going to replace by selling additional 67.5 puts but, as direction was down, decided to wait. May sell some tomorrow depending...not sure how earnings will be and what market reaction will be...
Still short May 67.5 and 70 puts...positive on them but will not cover until premium is more normal (too high currently...that is why I plan to sell more).
Will hold thru dividend. first let me apologise. Last post I said earnings were coming out on the 26th. Actually earnings are coming out on May 2nd, which Good luck! is also x-dividend date! I believe earnings will beat estimates. Revenues may be down however. If RD has a good earnings report, it will mitigate the x-dividend. If not good, then it will probably take a nasty dive! A risk you have to determine whether you want to take! I am going to take the risk!
cashed all yesterday. not particularly impressed with prospects for push. reason. the 72 to 63 ski slope downward during dividend period last round. now we expect it to reverse jets. the results will aka Exx/Chevron with a 1% down or a ho-hum at best on positive. Ray, will go with the possible slide at the April/May turn as we have seen before. Not pretty. I would not mind getting the dividend but it was expensive last round and due to get more expensive this. Glad gold and services saved the day because reliance could not be placed here for any quick t/a.
Tempting to sell here. Earnings coming out tomorrow. I believe they wil beat estimates. The question is will people sell on the news. hard to say. I will hold on thru the dividend. It is on track with my prediction a couple weeks ago. I said it would probably rise to 72. Still believe that at this time! Good luck!