Looks like I was wrong this time. I sold early and my Alcoa AA trade is getting crushed!
Ya win some ya lose some!!! At least I didn't lose anything on NAT. Nice work longs. I'll be looking for an entry point at some time. GLTA!!
Weekly Options suggest resistance at 10.50 next week, but the monthly shows support at 10. We may see this waffle between low 10s high 9s. Look at June monthlies. 14 is the target. Strange
I make more money on the run up into the dividend than the divi would pay me. Get it? I then sell my shares and wait for the eventual drop and buy back at a cheaper price and sell again when it runs up to the divi. Rinse and repeat. I've owned this stock off and on for years and it follows a clear pattern. I will buy back when the price drops. Meanwhile, I have my cash to make some trades before I buy back into NAT.
Ok. How's this? I bought 45k shares of AA today at 9.99. I will be selling them into momentum with a plan to sell around 11.50-12. I will sell covered calls until then.
I will look to buy shares of NAT in the 13-13.50 range if not lower. I will tell you the day I buy. How's that? As soon as I buy I'll let you know. Even better, I'll tell you I'm buying before I hit the send button.
Hey all. I sold all on Monday at 15.35-15.75. I'm out. I could be making a mistake, but we'll see. I'm looking to reenter after earnings and in the 13s or lower. I may be wrong, but it's a risk I'm willing to take!
I'll be watching!! Good luck!
Well That's more then most of us thought. They must have locked in some better rates and not withheld as much cash this time. It will be interesting to hear the quarterly report. Let's hope this causes a run in the stock.
Thanks mdn38559 for pulling that press release. Based on my crude calculations and the intertanko rates, I've got an average of $31,455 for the quarter. Using the archived article as a reference and with Herb holding cash back for buys, I'll still say the divi will be 28-32.
I'm looking at high 20's. January started strong then we dropped into the 30's in late Jan early Feb. 20's in late Feb and into March. We are slowing creeping back into the high 20s territory. Based on the rates and our low expenses, I'm predicting a divi in the low 30s high 20s. Maybe 28-32. I don't have my historical charts with me that correlate the rates and the payouts. Does anyone have that handy and can see if I'm close?
Thanks in advance.
I also like how we quickly went from the 9 range to this 13-14 holding range. Hopefully we see a pop over the next month into the divi.