I am with you....his company is a mystery....I understand low interest rates hurt insurance companies and banks....I have a large position in BAC, so believe me, I know. But unless everything we read on their financials is a hoax, this stock is a screaming buy....forget earnings.....break up the company, sell off assets, and you get at least 10.00 a share.....I just don't get it.
If they are smart and anxious to work.....alas, many are not. Many are just plain lazy and are more than willing to simply live on the dole, and sell crack on the side for cash. Easier and more lucrative than working.
You hit the nail on the head, PP...I have a small position because I am one of those believers that this is too good to be true.....a person suddenly remembering how to play the piano, or mice learning to play chess...it has every earmark of a totally scam....but, if it somehow does work, it goes to $20 in a day.....so I keep 1000 shares as a lotto ticket.
Yet they mention INO and GALE who do not appear to have anywhere near the potential of ADXS...my fear is that ADXS is too late to the party by not signing a deal with BH....dumb strategic mistake IMO.
Still very long, but.....just say'n.
Good info, Mark....just goes to show you that investing is more complex than ever....I am nibbling on High dividend/distribution players....bought DHT, AMZA and AMLP today...small positions in each, but great income investments in oil and gas MLP's.
Still lots of cash on the sideline waiting to see what happens with interest rates in July...
Glad to hear you are making money, Sarge.....bought some DHT, AMZA and AMLP today....Oil and especially NG should do well going forward...I like the yields on these too.
My Munis are doing great as well, DH...I almost sold some in anticipation of a rate hike. Now, I just decided to stop worrying about it....when it happens, if it happens, I will deal with it....
STAGG is the man when it comes to SFL....still, I would put in open orders under $15.00...it is much more appealing in the mid $14's....that's my opinion anyway.
Just keep on doing what you are doing STAGG....it has worked out well for you....Mark has been very wrong on NYMT...I should have bought a ton of it in the low 4's, but was scared away....looks over sold now though. I am waiting for the word on interest rates this June/July before getting rid of some BAC and getting back into BDCL and CELF....don't like JF, so I stay away from the companies he controls.....there will be blood in the street s when SDRL goes bankrupt...I see that happening in the next year or two when the deep water rig market totally dies.
Hope I'm wrong.....what do you think about UAN? Time to buy yet?
Good retort, Mark...I also read about tons of outflows from stock funds, yet if these figures were even half true, the DOW would be at 15,000 by now...something does not compute here. IMO, the DOW and the S&P are controlled by traders and quants with huge money
moving markets at will via options....that's what moves the markets....not whether or not people like us move money in or out of mutual funds.
Excellent analysis, DH...one of your best!!!
Palestone, don't worry about OPEC....the cartel has no power....the Saudi's control the price of oil, and they are concerned about market share, not the price. They are, and will remain in a price war with Russia to retain market share, so don't look for the price of oil to cause any problems, at least in the near future....$100 oil is not happening in our life time.
I meant the TUT's shorting...shorting against long positions or naked shorting.....it no longer works...they realize they were getting killed after the share price hit $8.00, and shorting of any kind has been met with strong buying ever since....this is a very good sign. It resembles the march to $30. we had a year ago.
There is strength behind the bid here....any downturn is met by a stronger push upward. Shorting no longer works now....they cannot keep the bid down anymore....let the money ride, do not sell.