I should have done as follows, bought from 1 brokerage and short sold from another.
Immediately because of the resulting dividend , the fall in price I could have bought and made a profit from the short sale.
Then wait patiently with the other brokerage until the stock came out of the doldrums and sold normally.
SDRL and ESV both have experienced a severe fall of their respective prices post Ex Div date this time around.
The last ex Div was in June and the stocks fell around 2$ but SDRL immediately recovered to cross pre ex div date price within a week.
This time it seems to have fallen off a cliff.
Nothing in the news, earning appear consistent, no major shift in strategy, newer rigs, compared to ESV and RIG, so what gives?
ESV too? That seems odd.
For a 1000$ div i am now down around 3k. :(
I liquidated today. RIP.
The fund was tanking, he probably didn't have time , hospitals and what not.
I saw some appreciation but in the end I'm down a small bit.Ill make it up on other funds.
Sentiment: Strong Sell
Looks like Corinthian College and ESI shares are pulling this fund down. He didnt hedge the bets correctly.
Rite aid is yielding 64% ROI and JAKK and FLEX around 27% and 32%respectively. The earlier mentioned stock s are down 50+% each.
Urghh, hence we're barely breaking even.
Nothing to worry about. According to the SA Report he bought 300k of JAKK for 6.72 , the price is still hovering around 8.76 so we're still sitting pretty.
Had never heard of Bruce Fund, I just did some cursory research, I like it, I will watch for a few more months before perhaps diving in.
It's pretty expensive though.
Still holding 500$
Seriously? The company's fundamentals are solid , the dividends are consistent even increasing, and the analysts show "surprise" in their articles ?
Seriously they should be held for fraud if they continue like this, now no articles will come out, the stock will return to 55 or so and then another silly article, it will plummet.
It's fluctuations are actually repetitive and with almost pinpoint precision.
You get in at 54/55 and then within 3 weeks it goes upto 60/61 you sell.
LOL ive been milking this baby for the past 11 months..look at the charts if you dont believe me.
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.