t_c16...thank you and interestingly enough, just after your post....but the truth of it all is that I do have a long time horizon (20 years or so puts me in the upper 50s) but I have been investing for a long time and have been aggressive the whole way while building positions in some more dividend giving companies. I am at a point where I also have cash at hand...as the market has gone to all time highs, I have taken some money out of the game.....some....and it is literally just sitting there. It will continue to sit b/c I am way to conservative to put that money into play....ive been burned to many times!!!! So, with that said....I have some things to do.....wish me luck pls....
So what you're saying is that the only risk is loss of 'potential' profits? That is awesome. I have cash sitting in accounts that I would for sure use this strategy with. Hmmmm, I gotta look into this for sure. Thanks, B
I am assuming the cost basis on this option is $560. If the SP goes to 37 you double your money plus dividends? If it doesn't make it to 37 you are committed to buying the stock for.....$37/sh...so the losses would be the difference of 37 and the SP, but you would still get the dividend to ease some pain? How do you lose big on options...assuming if the stock goes down and you happen to hold calls at the expiration? I need to read a book...lol. I completely understand if you don't feel like explaining. GL all, B
Thank you for your response. In a way you brought up something else that I have been toying with, and that is buying some SCTY. I am very trigger shy on doing that b/c I was looking at it in the upper 40s...actually had a limit order to buy some numerous times and it never filled (on 2 occasions it was by cents). Do you own both? Either way for me, if I do buy SCTY I would just own both. I have no intention of selling my shares any time soon but I do need to learn a bit more about this industry b/c I bought thinking that I knew it more than what I do. Unfortunately for me I realized it after my quick buy. Hoping to hear more from you and others about the company and sector in general. Thanks again, B
Well, .767 was the actual amount and with the prediction of .78 cents a share, a winner is crowned. It was a tight race but in the end, only 1 can win. LOL, enjoy your weekend and don't go spending this years dividend check all in one place....or do...heck, it's free!!!! B
nkinnear....great call!!! .767 is pretty darn close....any closer and people may question how you knew lol. Either way, I how you contribute more in the future as you clearly have a good feel for the company. Thanks in advance, B
mid summer....that would be nice!!! I personally think it is gonna be a slow grind higher which stinks b/c they don't pay a divvy. The good news is that they were able to sell there Russian assets before the bottom fell out. Even if they sold at the same price today, people would assume it was fire sale prices whereas selling last year is just great timing and a more focused company. 20s are coming....30s too....I just don't think it is going to be this year. Perhaps in 2016...for now though, buy and hold...perhaps even hope for another swing down to test the low which I don't see happening either. GL to all, B
kirk- I do wish that I new more about options. I have read up on them in years past but just never felt comfortable enough to enter into trading/buying them, not even sure what the correct terminology is. I appreciate the strategies you've outlined, perhaps I will try them out as an exercise on paper. Though I don't even know how I would know if I made a profit or not. Life is an education. Thanks, B
Scasie36- I am curious as to why you are feeling so optimistic about the stock performance considering the fact that the analysts expect the stock (and this is very general) to go from losing 2 dollars this year to losing 3 dollars next year. I'll be honest, I just bought but I think I may have been a bit hasty in that buy....the more I look, the more I think I should look to get out. Thoughts or info that I may not yet have? I'm a taker of any and would appreciate the help. B
data- I'm gonna say it like this... You made a very leading post which made POT seem like it was at fault, whether you think so or not. You used info that painted this picture of negativity regarding POT and you either didn't know (which is weak if you're heavily invested) or chose to leave out the info that POT just raised their divvy the quarter before by 9%. As a long who is heavily invested, I find it interesting that you would expect (or at least you implied as much) the company to raise dividends a quarter after they had just raised it 9%. Oh, and what I gave you was fact....those which made your original post look foolish, and why did I do that? Because to the normal, educated person who may be uninformed but reading on this board....your post would paint a half-truth at best. Forgive me for being on the POT board as a LONG and provide facts that you didn't. Enjoy your weekend, B
Abbaman- Your posts are the only reason I come to this board. I am glad I finally was in a position to comfortably add the number of shares needed to fill my position. I got them over a week ago at 32/sh which I am happy with. To be quite honest, I didn't realize that I had the shares until I went in last night to set another limit up....and to my surprise....anyway, now it's just a matter of trading around the position in hopes to strengthen it. Hoping for opportunities at some point but not expecting anything compelling any time soon. But who knows with the market....Have a great weekend, B
This is just to easy to rebuttal. Laughable really. But here goes anyway....POT just raised their dividend by nearly 9% 2 months ago (.12/sh on 1.40)....do some fact checking the next time you type. MOS raises its divvy for the first time in 3 years and the longs over there get giddy I guess. If having a divvy raised gets you giddy, perhaps you should buy some POT. It's pretty normal for us longs here. As for the share buyback, POT recently finished its 2B buyback. Please data analyst dude....live up to your name and read some data before you sit behind that keyboard and type a bunch of inaccuracies.
I am pretty happy to finally say that I have a full position in POT with respect to my modest portfolio. I really like the idea of investing in a company that helps feed the World and I do like the dividend that the company rewards to investors. Hope the stock continues to reward share holders for years to come....and then I hope the stock is flat for years, but dividends that are being reinvested accumulate, then the stock rips higher!!!! LOL, ok, it's ok with me if the stock does well along the way. GL all, b
I could be wrong about this b/c I am going off of memory but I think the dividend does get paid in April so we will all know soon enough....that's if they repeat history and my brain is working properly. Enjoy your holiday weekend.
The funny thing here is that the most blatent error went unnoticed. I wish we were 18B in debt!!! As for name calling, bigot??? How so? It is an educated conversation where both sides of the argument were being discussed. I'm no bigot. The question you may want to answer is why are you, if you are so secure in your opinions, so quick to drop an intelligent conversation in favor of elementary name calling? I think the President has done some good things while in office. I like the fact that he has pushed an agenda, whether I fully agree with it not. I like that someone is using there office to make things happen. I do however think that there will be some severe consequences if this government doesn't show some fiscal responsibility soon. Sadly, fiscal responsibily isn't a word voters want to hear!
That's because I was on a tablet and didn't feel like going through the process. I make the assumption that the people on here are somewhat educated.
are you serious. ..this is common sense. The debt is at 18B. ..it is what it is. ..but I will tell you what it never was. ..36B!
Horse, I am not a professional but I have a good amount of experience in investing for myself. I personally find it very difficult to sell at the extremes. . For instance, I should sell AKAM on Monday as well as WLT. In one I have massive gains and in the other I have the same in losses. Anyway, my recommendation is that you sell and start with a clean slate elsewhere. You will feel better a few weeks from now. ..but learn from this. I would recommend the following in order of my own interest NYMT, GE, FNFG, and SCTY. I own GEand FNFG for the record. I have been looking at the other 2 for a long time and will have a position in both at some point provided I get the right price. Best of luck to you with your difficult choices. ..remember, if you have time. ..just keep learning and keep some cash for the big opportunities the market gives you. ..aka energy in the next few months. B