I think I would be nervous about stocks that haven't been going up in the present rally. The big question becomes, when the rally stops and stocks start going down, will the stocks that didn't go up start going down, or will they stay where they are? Too tough a question for me to answer, but my guess is they will go down. I would put the laggard in that camp. Stocks that have gone up will go down too. But that's OK. They usually have to give back about 1/2 of the gain before they start going up again. My funds are going up and making me feel smart. That's of course until they start going down and make me feel foolish. When that happens, I will pat myself on the back for being smart enough to have a significant nuke fund.
Plute. Short interest on NFI was up by 1/2 million shares last month to 8.9 million shares. It's got to be a bad situation to be short a stock, pay a $1.40 dividend, short an extra 1/2 million shares in an attempt to drive it down, but still have it go up from where it was a month ago when you started additional shorting. The dividend pain is eventually going to be too much for Shorty. Maybe this December when NFI declares the $3.50 special on top of the 4 - $1.60 quarterlies. You could see a signficant squeeze. If you sell at $45 and the squeeze starts at $46, you will feel bad. Remember those famous 4 letters, Plute. G-E-N-Z.
Tough market to understand. Unemployment claims down, leading indicators down, yet the market goes up. I don't know what is strongest right now. Hope for good earnings and a good economy or hope for less rate increases. The two conflict. Another thing to keep in mind, although this feels like a bull market, we're still 500 points below the high of a few months ago when we approached 11,000. I guess it's called a trading range.
Griz. Speaking of Marilyn, Elton John's "Candle In The Wind" is one of my favorite songs of all time. I downloaded it from WalMart after getting a new computer that could handle music downloads. Think I'll listen to it now.
Have a good evening, all. Think we'll have a little venom on the board tonight? I guess it depends on whether or not Ponty decides to drink.
Lib-The shorts don't mean anything,are you still betting on your MOASS? I loss confidence in HHILL today when he posted on NFI MB he bot FRO.I'm with W.C. I think tankers are tanking.I'm not as deep in the NFI quicksand as you as now I even have a profit from my $38 base.Soon as market turns down ABT will bust $50.Saw a figure today in county I live median household retirement income is only $59K/yr and I bet in your area it is much less.So with my recurring retirement income >$130K/yr,no debt,free medical & prescription drugs I'm not concerned about the flatness of ABT.Unlike Persh & Phy I seen the world and feel traveling living in hotels,touring museums,sightseeing etc is boring,I like our home on the Potomac.Cheers
Plute, It isn't, "I seen the world," but I have seen the world, and that isn't true. You may have been to many places but you haven't seen the world. I bet you haven't been to Shamokin PA, Hoboken NJ, Kathmandu, Timbuctu, and Kalamazoo. And, you probably haven't been to a whole lot more foreign countries than Persh and I. Phy