Ok, you were right, I will have no problem selling at $9.80, but the way that is going is not the typical way any of us would plan. In after hours trading, twice, I have sold shares for $9.80. The problem is that I have a lot of shares to sell, and these are selling in 100 and 150 shares lots, per day. I will have to modify the order to seel no less than 500 shares. Not sure if the broker will sllow that though. I'm getting ..45 per share, but commisions are eating at that.
I am 57, and I have a few years to go for my first retirement, The ROTH account is the only account I manage myself, and it is doing better than my other IRA 457 plan, way better. I closed my non-Roth TD account when I saw how complicated it made my tax forms at the end of the year.
I have a standing order in for $9.80 on 7000 shares and 100 of it got sold at 5:23. This is why some JA told me I was full of it when I told you all about a price I got on NCV a few weeks ago. When after hours sales go through, they don't show up in my data on the prices for the day in my TD account. However, I got the email, and logged in and there was a 100 shares sold at $9.80 So, does this mean we are headed to $10, maybe, but I will leave it at $9.80 and watch it carefully. Even if I get $9.80, it won't send me crying all the way to the bank. The close was $9.74
I have been investing the way I do for a number of years. The years prior were all years that I lost more than I made. I was working on my dads PC one day and he had his stock account open. I asked him how he was making so much money in the market, and he showed me what he had and told me what he was doing. Since that time, I have a better understanding about what makes these stocks tick, and one factor that comes into play more than many other is greed. Greed is what fuels PHK to levels it is, and I have many good times with PHK. A little more than a year ago, I pulled out of PHK and moved on to NCV, and NCZ, and a few others. What i do isn't for everybody, lots of people want to set it and forget it. The highest return for me has always been to follow the rules I made, and that is to sell for capital if it exceeds 3 months of dividends. There have been very few times that I could not buy it back within three months at a lower price, and most often it is within a week or two. I'm sitting on 2.7 times my dividend now, and as I said above, I have way to long to wait for the next dividend cycle, so it will get sold soon. The interest rates scare everybody, and any hint of the interest rates going up causes these stocks to take a nose dive. The only emotion that comes close to greed, is the fear of losing it. And they both influence the market in a big way.
So I now have 7000 NCV @ $9.35, and the $9.60 is making me itch to sell. The problem is that it might hit $10 this time, the market is that unpredictable. I put it in a GTC, Limit plus extended hours for $9.90, and if it gets there before I get the urge to take the money and run, that will be good.
So there will be no special payments made this year, the numbers don't support it.. However, nothing supports anything that is happening in the market., so it is all one big guess, although I do my home work, so it is and educated guess. If anyone is planning to work dividends for capital alone, they will be shorting themselves of some easy money. The name of my game is take the capital if it is triple the dividend. That gives me three months to get it back before I start going backwards. One other factor to take into consideration is the TTWFD Time To Wait For Dividend, in my current situation, I will have to wait January XD date, then a few weeks more. That;'s a lot of wasted time waiting for .09, so I will sell at .25 or higher, and on or before Friday. The only way I won't is if the market keeps pressing upward across the board. I may grab my nuts and squeeze, and hold it until next week. That will be because I will have two strong urges, one to sell for Capital now, and the other to gamble on even more Capital next week. Dividends are out of the picture right now, they come in to play later. Did this all make sense to anyone but me?
That might be obvious if it wasn't for how far it dropped, and how quickly is came back up, all within two days. I was thinking it was a large market price order.. The sudden drop scared some into selling at market to get out quick. Once the dust cleared and there was no sign of trouble, it started coming back up. If it were the XDiv, then why is it climbing so high within a few days of Xdiv, instead of a few day before?. I was waiting to get back in, and that was my break. I sold out at $9.55 a while back, but it kept going higher so I could not get back in. I got back in at $9.35 with a limit order I put in two days earlier. 7000 @ $9.35 , not bad if I decide not to wait for the dividend.
Anyone have any ideas what caused the drop in NCV the other day? I was happy to be able to buy it back at a good price, but I saw no reason for it to drop so fast.