I found the conference call very encouraging. Management is playing a very conservative game, with lots of "dry powder" to take advantage of good domestic and international opportunities, once prices are compelling.
Recent price may be a good entry point.
i see you how you've made your money, you were lucky to buy KFN at the bottom and the stock has rocketed since...
buy and hold.. hasn't worked for CIM.. quite the contrary, most people buying and holding this dog have LOST money.
I didn't make money with KFN by trading, bought and held $1.57/share avg. Wish I had bought at .85. KFN peaks in the March april time frame. Typically it falls back $1.20 to $1.50 below a new high. Trades there with 40-50 cent swings and starts climbing again in the fall. Avg estimate now is 12.43. I don't expect to get that, 11.75 would be nice. Their dividend is increasing quarterly (the reinstatement of the dividend was the catalyst).
Same thing that is expected here...
I am always a buy and hold. Sometimes it costs me, others not. As was said, patterns do break.
so, would you mind telling us more about the patterns in KFN?
why do you think KFN worked for you while the other ones didn't
could it be because KFN seems to be increasing in value while being volatile at the same time?
CIM had a pattern too.. i was doing pretty well trading it until the bottom fell out.. luckily i sold and rescued some of my profits.
patterns can break down at anytime.. and wins can turn to losses in a matter of days.
What work yesterday, may not work today or tomorrow, and that is a fact.
WOW !! ,, 500 percent ?? ,, anybody who bought anything in March of 2009 has doubled or tripled.... you sound like you're getting ready to pump a stock picker rag..... they're ALL telling me what great pickers they are, and using the March 2009 model at their starting point,, man o man their are some real winners here