Depends, I think there is some resuscitation value in this , Im in for 10k shares and will hold till Kingdom come.
Only reason being, the guy is probably beyond the Pale but his company does have assets especially Oil blocks and they are worth something to someone. He has an unfinished port still worth something.
So though this might never hit pinnacle level prices, it may hold some value in 2-3 years if not dismantled.
Ahem reading issues! It says in the headline - Oil Blocks. Blocks of oil.
When countries open up their reserves to private oil companies they usually section them off in blocks, the hope for the oil companies buying them is that there's enough oil in there to make up for the purchase.
This will certainly go down some more - the investment banks will release more and more in the hope to make money.
I think it will settle at around 15 or so and then eventually rise.
In 2 yrs this stock will be around 75 or so.
Just to be clear - AMZN didnt make a single c profit for almost a decade since it opened but look at it now. I know apples to oranges - just sayin.
My post on the exit of an infamous villain has been deleted. Im sure he complained and got it removed so that his new company doesnt review this board's messages and read what a tool he was.
Eike Batista's Oil company OGX has filed for bankruptcy, Pimco bond fund has a large position in it, that fund is going to tank big time. This will surely have an effect on other bonds including FNMIX.
Im not sure what your reason is to wait until December to get in, after all distributions will be based on FIFO so if you dollar costed you should still get a nice chunk in Dec.
This year I think the distribution will be high, we've made a lot of money lots of appreciation of value.
The fund price hopefully will come down immediately after the distribution and we can pile on more.