We have a stealth correction going on all across the market. The Dow is holding up but the general market is collapsing. With 30 stocks in the DOW and buying futures the pigmen can keep the Dow up while almost everything falls.
And that exactly what it did. It ran hard so that it it is extremely overbought technically. Took profits.
I'll wait to rebuy at the 50DMA
You have internet. Do your own research.
But I will post a chart if Yahoo will let me.
There are a lot more stocks that do better than DLNG.
HINT: REIT'S are big right now with lots of capital gains and above average divvy's.
Why do" investors" buy stocks where there is no divvy growth as in DLNG?
I try an buy stocks whose divvy's are growing at no less than 8% a year. To me DLNG is a stock for trading but the technical indicators are not right for buying right now.
What were you saying?
I posted a while back that DLNG was not ready for prime time.
Maybe when we get close to ex date will the lemons pile in and run the stock up.
Better to buy a stock that is going up rather than down or marking time.
I just bought a great stock last week that pays 6.9% and pays it monthly. It is breaking out and will probably run hard since Moe Munchkin at the FED cannot ever raise interest rates for the foreseeable future.
Forget what the herd says as far as P/E ratios. They will be wrong as the P/E get larger and the DOW crosses 20,000
What would u say if I told u the Dow will catapult up to 20,000 by years end?
Buy a DOW etf and hang on because that's going to be a hell of a ride.
Now do u know why I think the DOW is going on to 20,000?
look to Europe for a hint and BREXIT.
BTW, Dow ETF's were up today and DLNG was down over 4.7% and down another dime after hours.
The last 10 min volume was very large on the downside compared to normal.
I'd be careful adding here. No divvy for 2 more months. Why buy a stock that is dropping while the general market appears to be heading for a high new???????? WELL???
Dropped 23 cents in 10 minutes. That isn't good. More sellers than buyers.
I took the fund that I was going to buy DLNG with and bought a Nasdaq ETF Much better chance of making money.
And this is EXACTLY why I wait until there is a FIRM MACD crossover.
DLNG failed that crossover and is not ready for prime time. Maybe when we approach the ex div date the lemons will pour into DLNG giving investors an out. I suspect DNLG is heading back down.
Which is why I posted that MACD needs to go positive and it is just meandering around 0. If that goes positive then I will have more confidence it will move up.
Then again as every month Moe Munchkin at the Federal Reserve needs to open up her pie hole on whether she should raise the interest a lousy 1/4 point. Just goes to show just how bad the whole word's economy is.
Technical indicators look like DLNG is ready to move up. I made that prediction in an earlier post this morning.
MACD needs to go positive and I will buy. I also think the DOW is getting ready for a move to $20,000.
I get to keep all the premium because at this juncture DLNG appears to be ready to take off to the upside. All those PUTS the investors bought from me are pretty much worthless.