Don't listen to this board's gurus anymore, buy MORL it holds RAS and 24 other mREIT's while yielding almost 20% annually
The X-date has been clarified, its March 11th while the record date is 3-13; so you have till march 10 if you want to particpate in the dividend
March 11th is the historic divi date so March 9th should be the X-date, accounting for some of the excessive downward pressure for last Friday
Only one based on the Brazilian economy. MORL has ranked the highest yielding ETN for the past year. Its taking a hit because people are concerned with the /fed raising rates but that's foolish, the pps already reflects the Feds intentions to raise rates and in reality higher rates will also help REITS interest spreads (profitability)
I'm just sitting tight waiting for the June OPEC meeting when the members led by Saudi Arabia vote to reduce production to bring down oil inventory to push up oil prices. In fact I bought some more July 10 calls just today just to participate a little more
Good reference from an article posted today on Bloomberg by Grant Smith and Anthony Dipaola confirming that the Saudi's grand plan not to support prices to force rig shutdowns, announced at the last OPEC meeting is working quite well
Michael Scialla of Stifel Nicolaus & Co stated: "EOG is viewed as the premier company in shale development, and if they're not going to grow, it is very important to the market, The argument that this slowdown is going to take a while to have an impact on supply is completely wrong"
The largest shale oil producer in the US EOG Resources forecasts that the crude market will rebound quickly and labelled the current downturn as a "short cycle" .
tomorrows earnings will be a turning point, if LINE held or improved its margins you'll see a huge upswing. Like I said before, its always interesting when a company reports a week early, that's usually a good sign
Sentiment: Strong Buy
I'm surprised no one has brought up the explosion that occurred this morning at a large refinery owned by EXXON in Southern California?
I agree with you, just before the November OPEC announcement last Fall not to cut production LINE was trading in the upper teens
LINE is still over its 50 day moving average, a positive sign and earnings are coming out 2-19-15, 5 trading days away and a week earlier than last year, I'm expecting good numbers
Sentiment: Strong Buy
three things shorts covering, anticipation of year end '14 financials coming out on February `19th and former investors who took a tax loss in December thar are now coming back
Looks like we're approaching the numbers that LINE was trading at just after the November OPEC announcement,
Yes I did about ten years back I had sold some call options on Microsoft just before the end of the year, then at year end MSFT went up close to 10 points because money managers were "Window Dressing" i,e,. portfolio managers buy quality stock to spruce up their year end balance sheets