It,s funny when i mentioned selling at 33 the last time , i was almost laughed off the board, but basically ignored. Now that we could clearly breach 33 , you all sell for pennies or 50%, not sure.
The posts here are so complex only the genuises here figure it out.
My add says .. something fishy on this board,,, maybe it's because of the fish.
I'll stay long with my current stop loss.
i,ll do the gambling with miners, those really move..
It depends on what you are selling. If it is options then it makes sense to sell before the ex date since you cannot capture the dividend. However if anyone owning stocks sold then it appears from today's action that this was a mistake.
There were 10,000 open call contracts today at the 33 strike for March expiry. Given the resistance at 33 I believe these were purchased OTM for speculation. As we test above 33 these contracts are sold for profit and this has the effect of causing shares to be sold by market makers.
I will try to keep this simple. What is going on is called STOCK TRADING. When one investor sells another buys what was sold. Is one right and one wrong? Maybe but not necessarily. Each investor does what they think is in the best interest. Investors have different its very possable for all to be right in their own individual investment plan. My plan is a easy profit with less risk, because my career days are over and my earned income is no longer there. You young guys and gals in the middle of good careers can stand to take more risk.
Phil, i'm 45 , and i retired from p. skiing ten years ago. So my investments are my income. I understand trading. My last call at 33 was correct.
My point was , is a dividend runnup always the best way to go ? Is that $1.25 drop always necessary? If all of us where to have 125% return in 9 days on this stock once a month, how long would the party last? Free market(lol) , every does what they want..just saying looks to me something is fishy and second why do people think history always repeats.
I have two positions, one, a long term holding for income which I only add to, never sell. Two, a trading position in options taking advantage of the divy run. Selling 50% of that; simply a question of locking in gains. Selling 50% leaves me mostly playing with house money. Always my preferred position to be in.
lol, hold forever,funny, like literally? Not really interested in taking stocks down under with me.
forever in my books is five years. II have exited twice out of agnc . but holding for now.
OK, never was an overstatement. Should have said "Have never sold, I hold for income, and plan to continue to hold for income, as long as the business model and company fundamentals and performance support their ability to continue to pay a strong dividend." Thank you for correcting me.