Today was a fair day to take money off the table. Sold all the ARCC in my & my wife's accounts. There will probably be a better time to buy back in after the indigestion of the ACAS buy settles out. Made about 10% depending on the account. Also sold the TAC stock today made 34% on it. Wanted to wait longer for the price to go higher but decided to sell & scurry away with profit. I can stew over regrets but cant eat them.
Last week bought back into CHK again for a short (for me) time frame. Have a feeling that Staples & CHK will be a short term buy & hold (under 3 months).
Also if over the weekend you are making burnt offerings to your favorite stock god for good bump in stock prices to sell at - mention higher prices for MCC, NMFC, & WFM. Thanks for your help.
BigBear, everything that Tulsa said and a little more. Had looked at SNY when it was $41. Looked okay but not a bad case of love. Set my buy target at around $38 (closer to 52 week low), figure to sell around $58-$60. Maybe a little more. Liked what SNY was doing in their pipeline and also liked the company they are trying to acquire. Yes there is a little hoo-haw over the selling price but they will get over themselves/or not and SNY will rise back up eventually. Will buy more if it dips below $36.
This is a new pattern for me. Normally I buy only great stocks for the wife and usually I get the 2nd choice stocks for me. Thought I would change the math a little and buy one or two champion racehorses (excellent stocks) for myself and then buy one for the wife. I followed the former pattern because if I lost money, it would be in my account and not in hers ergo would not have to explain the loss of her hard-earned money - marriage trick #77 for a long marriage. 37 years and counting.
Definitely think there are deals to be had ahead in repos and cars coming back off leases. Financing of cars has been running on fumes for awhile. Had thought about putting some money in GM stock in January 2016 until I saw the problems bubbling under the surface. Cars coming back after leases worth less than what was anticipated, more cars being repoed, loans going out to 6 & 7 years. Just seemed to be an industry that will see some some rough times ahead. Cars too expensive for consumers, consumers buying more car than needed, etc.
Will wait to see how the industry shakes out and the stock falls before buying into cyclical consumer chaos (car industry or any other retail business dependent on consumers).
Bear, it depends on a lot of things out of the hands of the user (us).
One - Yahoo is for sale and one of the supposidily best assets is Yahoo.Finance. So Yahoo wants to spruce it up for sale. Yahoo Finance has been looking a little old but it did not need to be FaceBooked like has been done. Just update the website with more whitespace. I fear the update especially to the Boards (now "Conversations") is more for the younger crowd who are not investing in stocks anyhow.
Two - The potential buyer will probably want to install a paywall on Yahoo Finance to help recoup their money paid for Yahoo. Just my opinion not a fact that can be verified.
Three - "Conversations" are not posting the same items at the board we are on now. There are far more posts recent and earlier posts on this bulletin board.
Truthfully, the new format is not that bad, just not as intuitive as before. Also many things, I have heavily used, have gotten re-labeled or somehow misplaced. That will get sorted out eventually. The one thing you should do is research the things you use most on Yahoo Finance and see if they are still accessable. I emailed Yahoo about the "Industry Sector-Browser List" which was missing and they brought it back.
You should email Yahoo now about any problems since they are somewhat receptive. Up until now have found Yahoo very unhelpful on correcting changes. Am sure that they will return to this mode soon.
Agree Ockiote, it pays to be cautious. Have a bunch of money left over since liquidating some positions. But am in no particular rush (my normal SOP is to reinvest pretty quickly) to reinvest in market except in what I perceive as screaming bargains or as close as I can come to screaming bargains.
ARCC this am announced that they had acquired all of ACAS's assets except for their Mortgage part of the business. The big just got bigger and another wounded/damaged BDC gets picked off. Interesting that ARCC also picked off Allied some years back.
Got lined up my buys and sells for tomorrow. Thinking of buying some new and existing stock. Will see how my fantasies come true in the pre-market and the rest of the day.
On a different note, noticed that I am becoming more like Keltus in one way - geeeez I am stocked up on Bio-pharm/drug stocks. Must be their time in the loo. Currently have ABBV, CRY, ENDP, SNY, and TEVA. Thinking about LXRX (danced with them before when they were between $8 & $10), ABT at $36 - $37, & CYTR (prospective rocket stock).
Got stocked up on ute and infrastructure stock. These include GLFOX, VEA, DNP, & GUT. Also looking at AES if it comes down to $9. At between $9 & $10 their divie looks sweet and is not bumping against their 52 week high.
Have gotten out of all BDC's except MAIN & PNNT. PNNT is the weekly plaything - buy a little and sell a little each week or two. Have taken the pledge to swear off BDC's for now. I may play with ARCC later this year after they assimilate ACAS.
Double, double toil and trouble; Fire burn, and cauldron bubble.... enough erudition (or tub thumping) for the night. Good night and Sleep well.
Cryolife (CRY) had a very good quarter that was reported yesterday evening. Sold the CRY stock this am for a 13.6% profit (1.64/share profit). Am sure that it will probably go up further but am thinking will fall back in about a week. Already kicked in my next low-ball order. Only held CRY for 7 weeks.
Interesting missive from G-S. I am a skeptic as to their motives for airing that comment. Am in OCKiote's boat. G-S has either sold the market short, has liquidated their positions, reinvested funds in other countries or a combo of all three. G-S confirms my opinion that I need to already be well on the way to the exits not trying to make up my mind what to do.
I am of the belief that a slowdown/recession is coming just not sure of the timing. That is why I have been selling all the slow ponies that I have currently and sending burnt offerings to Bael to encourage the remaining laggard stocks to go up in price also so I can sell. Must have a strong belief in the coming downturn. Am currently up to 30% cash in both accounts (usually am 95%+ invested).
Just bought some ENDP stock as my new rocket stock. It looked good on all the DD and seems to have potential to make some decent money. Sadly no divie which was over rode by its fundies and potential future.
Keltus - you might be interested since this is a pharmaceutical.
Sold MCC today that rotten good-for-nothing stock. Still have to unload the NMFC & the GARS. NMFC will get flushed after the dividend on 7/1/16. Still have about 15% cash left in both accounts. Will save that until the next Grexit or other suitable Wagnerian tragedy.
Bear, know I am not Slick but think you could do far worse than buying some Schwab. I look at Schwab as a longer term hold not a trading bauble. Think it is in attractive territory (close to 52 week low) and Schwab is more than a brokerage house. Would not touch any bank stocks with a 10 foot pole but would consider buying more Schwab when in the mid 23's even though it is demi-bank.
On to very good news MCC & NMFC are now just pungent/repugnant reminders of the past. Sold them yesterday & was happy, nay ecstatic, to get rid of them. Left with PNNT & MAIN in the BDC department. I can live with them. MAIN as the long hold and PNNT as the occasional toy.
This AM sold the remaining HTGC for a tidy 11.5% profit since I doubled down in January. That gets me down to 5 BDC's. Note to Kote: Am still waiting for the positive effects of burnt offerings to take effect for GARS, MCC & NMFC. Would love to break even & sell them. Had enough of their under performance. Still holding PNNT which is in the black.
On the buy side, bought a little more Staples on the slight decline this am. Am also looking at BioPharm like SNY and ABT. Sanofi looks like a safer bet; they are only buying one company at this time. Abbot looking a little more iffy since it is attempting to buy two companies. Am thinking Abbot will experience a lot of indigestion with assimilating two companies at once. Will see. ABBV seems to be slightly psychotic but is continuing in the right direction.
Phil, thanks for the recommendation will look into it. ""Nothing is ever as good as it seems or as bad." - agree completely. If someone pouts over rain falling - I see it as watering the garden and saving me time.
Wisej - I think all of us have different schemes to make stock trading work for ourselves. I plow through reams of numbers and to contrast Slick uses TA to divine up his ideas. Plowing through mountains of numbers is mind-numbing at best, but could never get the hang of TA. If Slick can figure it out and make money at it then I am in awe of him. TA has always seemed confusing at best to me. Plowing through numbers is boring but it nets the results I am looking for. So we all win but we win by taking different paths that end up at the same place - hopefully making money.
Yield, TAC is a Canadian electric utility that has a huge amount of renewable energy assets in solar, wind and hydro. Their yield is around 3-4 cents a quarter in USD with no dividend reinvestment.
I liked that their energy portfolio was heavily invested in renewables, their stock price tanked, they had some assets in the states, and would be a fair recession play along with Starbucks; if you believe that Canada and the states are headed for a recession. In the last recession, no one dialed back their electricity use or quit drinking lattes. So I figured that I could not lose. Just wait around for the prices of both to go up while collecting a dividend.
With a huge sunk investment in equipment, lines, etc it was highly unlikely that they would go out of business. At the worst they would get bought out and since I bought very near the bottom would be either made whole or do rather well.