It's at $80.35 right now, down $1.02. If it falls below $80 this afternoon, I'll hold out longer and see if I can get some around $78 or $79 and dollar cost average from there. Don't think many stocks will advance early this week with the Donald and Hillary show on tonight.
Spirit (SAVE) is up about 2.6% on heavy volume. The other carriers are down today. Barron's still can move a stock, even in a crummy down session like today.
Jack Willoughby, Barron's Senior Editor, wrote an article in the 9/26/16 edition which proposes that the SAVE share price could be on the verge of taking off. Supposedly 2017 could be a big year for SAVE with cost saving measures and increased efficiencies favorably impacting. Per the AMTD website, the stock is rated favorably by Standard & Poor's, TheStreet (honest Jim Cramer's outfit) and Credit Suisse. Like all of the airlines, Spirit has a roller coaster. Probably too risky for an old guy like me.
Yes sir. No long term holding with them. Just some fairly quick in and out trades. That approach worked well for me a couple of years ago.
thewisejman, look at a one year chart of DIS. It hasn't been good as a "long term" hold. Also, support broke down and it failed to break through $100 last July. What do you think?
Hi Phil. I've got a couple of cousins who live In Fredericksburg, Virginia. One of them called me tonight and mentioned that she has to go to a wedding being held in Charlotte, NC this coming Saturday. It was semi-humorous as she really doesn't want to go, due to the unrest the city is experiencing at this time. However, it's her husband's brother who is getting married and she must go. Question: How widespread is the "demonstration" in Charlotte? Hopefully they are able to contain the demonstrators.
Still have not bought anymore FTR. I'm going to add when it gets into the 3.90's.
Good advice Phl. I blew it by holding out for more pull back and never even picked any up. Missed today's nice advance. Darn!
Janet knows that she is not Trump's favorite economist. Therefore, for purposes of job security, it behooves her to try and prop up the markets in hopes of helping honest Hillary Obama.
Stock analysts can be real bozos!
9/16/16 Nasty Citi Research says to sell with a $3 target.
9/12/16 Deutsche Bank says to buy with a $6 target.
Since I own some F-T-R, I'm rooting for Deutsche Bank in this case.
(For some goofy reason YAHMOO killed two posts when I type the company symbol in a normal way. That is why I typed F-T-R.)
Hello Phil (aka the North Carolina-Virginia land baron) Regarding GILD, I stood on the sidelines like a bozo again today and did not buy any of it yet. I know that every analyst and his brother says to buy it. However, I don't want any nasty September or October surprise with it pulling back a lot more. I tend to get cold feet it GILD, when seeing that it was over $100 in April. How low is low with it? Who knows! On a different note, I managed to lose $110 today.....hard to believe. Thank you FTR and F.........ha, ha. Any additional thoughts from you concerning GILD or any other stock would be appreciated. I've guess I've got way too much plickin' cash. Thanks in ad vance.
Hi Phil. I hear you in relation to not being overloaded with handsome dividend stocks in a rising interest rate environment. Janet and her team will eventually do what a lot of "experts" are saying they should have done last June. You are the one who got me interested in GILD. Eventually I plan to own maybe 600 shares maximum. I would dare not take the risks that I did just three or four years ago. I'm getting too old to take big risks. If I remember correctly, at one point I had about $90,000 invested in AGNC. That was nuts, even though it worked out well. At this time I have plenty of cash, probably way too much. I have to be more cautious than investors like you or thewisejman, if for no other reason than I am not as good at wheeling and dealing with securities as you are. Take care and thanks.
Hello thewisejman. I would never invest heavily in FTR. Only have 2,000 shares. However, I am now willing to hold it longer, since it was slaughtered last Friday. As I mentioned previously, a little more dollar cost averaging with it post ex-div is okay by me. I still intend to buy GILD. However, I think it's going lower. Therefore, I am waiting longer. I know you think that I am trying to pick a bottom. DIS short interest, per AMTD, as of August 31 is 2.39% with a beta of 1.2. I sold my DIS shares on 8/5/15 for $111.04 and haven't looked back. Honest Jim Cramer used to pump it ad nauseam. DIS charts are pretty ugly short, medium and long term right now. I forgot to mention that once I'm out of FTR this time around, I will probably stay out. Last time around I sold it on 6/20/16 for $5.17. I still have 1,000 shares of F and am willing to hold it long term. I appreciate your advice and input. Have a good Sunday.
With the autumn games now finally under way, along with some charts screaming "Sell", I will not add to my FTR holding until well past ex-dividend for sure. FTR is really going to tank some more. FSC should continue to decline well into the 5's. Janet's team will continue muddy the waters and the bozos running for president will create more uncertainty, as Cramer does his dog & pony show on CNBC.. SRS and SKF made a lot of folks a lot of money a few years back. Are they a fool's play now? Time will tell.