Great job. I was in MU very early (under $10), but also left way too early (around $12).
I did buy some ONNN (chip stock) today (June 11)@ 9.05. Nice EPS estimated growth with .80 average EPS estimate for '14 and .97 for 2015.
Sold TZA again @ 15.21.. Was in at 14.86. Two profits in two days. Will lay low awhile on the shorts. Looking at PSEC around 10.27. Missed the 'big' move.
Bought some FSC today @ 9.40.......had sold my position yesterday @ 9.48. TZA doing well. Got out of it yesterday and then back in at a lower price.
Looking at ONNN.........a semiconductor stock.
Forecasts say loss this year of about $25 million. How's that going to work? Only a few mil of cash on hand. Doesn't add up.
Kel............a former holder
TZA....in Monday @ 14.68........sold today @ 15.04..........just got back in @ 14.86. Market closes in 15 minutes.
Much cash on hand, about 86%.
Not a bad buy at this price. Yield of almost 10% and paid monthly. Some risk that it will likely decline if the market falls, although probably to a lesser extent due to call writing program.
Have held / traded EXG and others in this "family" many times......EXG, ETY, EOS, EOI, ETJ, ETW, ETV.
My ex girlfriend has held 2000 ETW for 6 years. Paid about 17.25 for it and it's now around 12.80~. But, she has collected about $ 8.55 per share in distributions, much of which has been ROC (return of capital), which helped her greatly, as she still has a pile of loss carryovers from a $60,000 one day loss in 2010.
Matched the low from 2012's 3rd quarter. The high for the following 1/4 was $1.60. Just got the annual report today.
The range of 1/4ly lows to the following 1/4's high was from .19 - $1.20.
So are you going to wait and collect the OK dividend for 2 years? Those that have forward vision will have sold in anticipation of the changing situation long before that 2 years is up. The div is fine, but how much good does it do you in the long run if the stock declines by a like amount?
Not short, just an interested X holder of this. Not trying to say it's a scam or anything. Just an evolving situation that won't be as good in the future as it is right now. Holders must look ahead and sell before the situation deteriorates, as the price will be down by then.
Just my opinion.........Kel
Have now fully hedged my long positions (were only about 18%) with this purchase. Am actually net short now about 5%. Still have a cash position of 75%.
J-man.........I'd be careful with the oil / natgas producers. The 3 you mentioned are all near 52 week highs. Oil is also up at $104.18 right now, up $1.52 today. Everything looks rosy there. That's what scares me. Many buy recommendations in the oil patch. Time to sell or at least be very careful. I've traded numerous times, out right now. Just my thoughts on that.
I agree with your DXD position if you like to short the DJIA. I prefer SPXS, SPXU, or SDS (2 X short) to get the diversification the S&P 500 provides. Or TZA to short the Russell 3 X.
That's where a move similar to IDIX's would put AVNR. Looks like Merck is willing to pay up when it really wants something. Did they really have to pay that much to get IDIX? WOW!!!!
Kel.......an AVNR holder
Frigator............No real long term numbers for this strategy. I quit working late last year. That's when I decided to trade more and expose myself less to the general market forces. Part of the need for the large cash position is to have "settled funds" in my account so I can do aggressive trading. Somewhat forces me to have a large cash position which in effect counterbalances the trading.
Some of my trading is also for "entertainment purposes" I guess, as you noted. When I use the Short ETFs I usually keep the trades short term (whether gain or loss). If one can hit a down trend (intraday) with a 3 X short ETF like TZA, or SPXS.........well, it can make for a very enjoyable day when most others are "giving back" to Mr. Market.
Year to date the DJIA is up 2.1%
S&P 500 is up 5.4%
I am up about 4%. Am currently at 82% cash position. Always have cash in the 50 - 70% general area. My general goal is to match or beat the averages through good trading and not have my IRA portfolio over exposed if we do have a market crash or general decline.
So far this year I've traded stocks of all types from income (BDCs) all the way down to absolute speculations in small biotechs. Have also traded ETF's (mostly 3 X long and short) on the S&P 500, Russell, Silver, Gold, and the Oil index.
Has been fun investing and bantering with everyone on this board. Looking forward to the rest of the year.
Sarge......Thanks for your comments and wisdom. Always appreciated. Have been here since Nuedexta launch. Have had many shares and not so many at different times. Good core position now, not huge.
As of this coming Monday. How about an update from RGDX? What about the possible incoming grant from NCI? These guys are sooooooooo secretive. How are sales doing? They should have a good idea by now how the 1/4 is shaping up.
Sold at 9.8355. Decent one day gain with the market at all time highs on the DJIA and S&P 500. Now at 81% cash. I should be vacationing with Phil...(:^)
J-man........thanks for your concern about my cash position. I tend not to hold onto quarterly payers. There's just too many opportunities to trade around the dividend. I might sell the divvy run and sell pre X-date or buy if / when it falls after the X date.
I am now holding PSEC, FSC, and MCC, all 10% + yielders in my IRA account. I did hold MCC for the div because it was depressed and didn't really have a decent div run.
My regular account has many div payers, some that are quarterly......ABT, JNS, VZ, LOW, PF, and monthly payers FEI, NML, and CEN. Don't trade much there.
As of now I don't need to make any IRA withdrawals. I just started Social Security and also get a monthly pension. So I have 2 purposes with my IRA.....grow it gradually (+ have some fun doing it) and MOST important.......not get hit with a big loss of 20% or more. In fact, I'd be very unhappy if I lost even 10% of its value from where its at right now.
Closed today with a 77% cash position there. Doesn't bother me at all.