keltus, shorting the Russell index has been (by far) my most frustrating exercise thus far in 2014. It is trading so unbelievably bullish! For example, look at today? Notice the one index that is up today (and up quite a bit!)? Why, who would have guessed it, it is Russell for the win! This is literally the first time in history that markets are pulling back except for the one that should be pulling back the most. I don't get it at all. The only short I hold right now is RWM, as I am hedging also. Yet, this is proving to be the worst hedge to own. I'd be better off shorting anything else but the most risky small cap index that (until now) gets pummeled when global news is bad and is incredibly bullish when times are golden. Dang, I hate you Russell index and whoever is continuing to pour millions into it no matter how overvalued it is or how bad the news is.
I for one am glad you did not keep your mouth shut on MRCC and FSFR. :-)
What do you think about ARCC? I have a buy order in around $17, hoping it will hit. Already own shares but would like to average down my cost basis a tad.
Facebook, Google, etc. may have done better than Ensco the past 12 months, but who is to say they will do better over the next 12? Just me, but I'd rather stick to beaten down out of favor stocks that manage their finances well and pay out a healthy dividend than go with mo-mo juiced up tech stocks that are the flavor of the month and are riding a speculative bubble right now as markets are topping. If news gets bad enough to send Ensco down to $40, I don't think Facebook, Tesla, or Twitter will do any better and likely a lot worse as the hot money runs for cover.
I say this as just a small fish investor, but I think LINE and LNCO have good value in the upstream MLP space at today's prices. I've been buying LNCO for my IRA, and it has a darn good distribution that at worst will be kept at $2.90. While no one can see the future, I think Linn management will figure out the best way to bring future value to the Berry acquisition and potential sale of some of their other property.
Both LINE & LNCO plummeted to start the day on big volume, then were bought strongly into the close. Today might be the end of the bear raid coinciding with the Cramer clown show. Maybe another dollar of downside, but I feel good buying LNCO today.
The problem stems from when all the indices are up.....KMI is still down 1%, ha ha. I say this as someone who is long KMI and getting longer with my GTC orders hitting one by one. I think my next buy triggers around $30.40. At this rate it will hit by Monday.
Well, even if no deal happens, at least you got sucked into a reasonably priced stock that yields a lot and has good growth prospects.
Why would you do that? Unless you really need the money and have no alternative, selling stocks that happen to be out of favor (for now) and at depressed prices is a sure way to lose money. Better to hold, collect the nice dividends, and wait for better days down the road where you can get a lot more money for selling your shares.
There is absolutely a bubble in tech right now, but I will not try shorting the nasdaq (PSQ) again anytime soon. Call me an idiot, but I decided to try once again to short the Russell 2000 by buying RWM. Bouthgt some around $16.20 today at market open. My theory is that if the markets decide now is the time to consolidate/correct, the Russell small cap index should fall more than 20 or 30% extra compared to other indices. This is due to it running up much quicker and stronger than the mid or large cap indices which is normal behavior in a bull market. Along with the nasdaq, russell is in nose bleed territory IMO. Doesn't mean it can't run up another 30% before correcting, so yet again my stop on RWM is tight. Right now I'm up 1% and hoping my stop does not hit. :-)
Just speculation on my part, but it would not surprise me in the least if this was not just another bear raid leading up to (yet another) bearish publication by hedgeye (courtesy of barrons) that is heavy on hyperbole and short on facts regarding Linn Energy's future profitability. I've been buying some LNCO below $30 for my IRA and will double up if it gets down to $26 or so, but that is just me. I think distribution of $2.9 is locked into both LINE/LNCO for the rest of 2014 with a decent likelihood of an increase in 2015. But expect continued volatility thanks to the hedgeyes of the world.
The issue of income inequality will not be going away anytime soon. Sad fact of capitalism is the wealth over the course of time filters into the hands of fewer and fewer people. Government tries to step in and do more and more for the increasing amount of people who can no longer afford to take care of themselves which leads to more dependence which leads to more government, etc. History shows this trend never ends well. Seems like at some point there are always catalysts which lead to a reset of sorts. Debt jubilees, defaults, crashes, whatever it takes to reset the system.
thewisejman, what did you think about MRCC earnings? I glanced through it and did not see anything to alarm me, though I'm certainly no expert in dissecting those reports. Kept the dividend at $0.34 which is good. Earnings of $0.32 seemed to be on the high end of expectations?
I find it frustrating that HCP continues to act weaker than HCN, even though everything I read shows HCP to be the stronger REIT. Especially when you look at the debt.
Why would you think there is even the possibility of a restatement? That seems out in left field to me, as I've read nothing to even hint at that.
probably a prudent measure. Even with the consistent 2 billion of QE day after day, market is wavering here at the highs. Interest rates jacking back upwards. Not much good news at all coming out of China. Up till now, government has been bailing out every failing private investment trust and the like right before the dam breaks. Somehow I wonder if this time will be any different.
Sorry, what I meant to ask is if HRZN focuses on tech to funnel investment dollars into like HTGC. Being lazy, did not click over to see its profile until today. Full name, Horizon Technology Fincance Corporation. Hah, kind of answers my question right there.