Too many problems to list.....
Garbage gets super imposed over this as I'm typing.
News not showing under portfolios.
News not listed fro some stocks.
and MUCH MORE!!!!!!!!!!!!!
NSL, JFR, JRO, JSD, and JQC all cut their monthlies about 5-7% each. Second round of cuts since June. Similar problems as BDCs are having. Replacing paid off loans with new ones of equal interest rates.
CC CEFs (Buy - write) also declared quarterlies.....JSN, JLA, JPZ, and JPG.........no cuts in this group.
Kel...........not currently holding any of the Nuveens
J-man........nice buy on the DXD. My strategy with the TCPC would be different than yours. I'd probably sell Wed. or Thursday if it rises into the X-div date. Let the next guy have the div and the drop that most likely follows.
I can hold monthly payers like FEI, FSC,and ARCP. The x-div drops aren't so drastic. The 1/4ly payers, well I just end up trading them and generally try to avoid holding on the x-div date.
I'm not a deer hunter. Sounds like the kill was pretty weak this year though. I know some that hunt up near Tipler, not far from the UP border. Were you in that area?
Lightened up on my shorts ETFs....Bought TZA on Friday @ 18.10, out today @ 18.87. Profited from most of the down action from late on Friday and today.
Funny listening to CNBC just a few minutes ago. Now some pundits saying sellers locking in gains, that gee, the markets are up 20% this year and stocks could actually stumble.
From the latest 1/4 ly earnings report...........
*Submission of Lymphoseek sNDA....
*EMA feedback on marketing authorization application inEurope...
*Initiation of NAV5001 Phase III trial in Parkinson's Disease....
*Additional disclosures regarding the advance of our Manocept platform....
**********Plenty to be disclosed yet as the 1/4 ends in 29 days. Good news is always welcome.
Question for Wayne, Tulsa, and All.............How much of your current account (s) value would you be willing to give up in a selloff? If the market went down 3% would you then lighten up? Or do some selling at 5%, hoping that it wouldn't drop 10% or more.
All of us probably have a pretty good year already in the books, so to speak. The S&P 500 has gone a year now without violating its 200 day moving average. Do you all think the market will keep going up like all the pundits on CNBC keep saying? The day will come when some hard decisions have to be made by all of us. This years gains are FANTASTIC, but they could partially disappear if there was a race to lock in gains before the end of the year by mutual (and hedge) funds if it looked at all like those gains were threatened. Good judgement to all of us.
Now at 62% cash with another 25% longs. But my 13% short ETFs (TZA and SPXU) are both 3 X short ETFs. If you multiply that 13% shorts X 3 to give them full effect, I'm actually short the market right now about 14%.
None of these positions are excessively large and all are under control. Wonder if that late session selloff from Friday will carry over to Monday. Comments about this weekend's retail sales may drive the market. Of course as we all know.....good is bad and bad is good nowdays.
Spent a good part of the afternoon skimming through Barron's NYSE and NASDAQ stock tables. A few observations...........
Many stocks with PE Ratios in the 15 - 20 range that have growth well below 10% annually. I'd never pay 17 X for a stock with 6% EPS growth. Many out there though like PG, JNJ, GIS, and other so called "blue chips."
Many oil (exploration and production) stocks with lower estimates for next year. Seems like most people are expecting oil to drop somewhat below the $90 level, not sure how far, but just the psychology of it would send even the best of them lower.. Big oils like XOM, etc. look better.
Might be some cheap life insurance stocks out there. Saw several of those around 10 - 12 X pe ratios with higher eps numbers for '14. Have some research to do on GNW.
Utilities are almost laughable. Not much growth in EPS and yields as low as I've ever seen. Wasn't too many years ago that utes had yields in the 6-7% area (same goes for most property REITS).
I'm age 61, I'll struggle through. I really feel sorry for my Grandchildren. This country is being destroyed from within.
What is that, about 14 weeks. I think the tide has finally turned. This past week....................................
Open.....1.48,..........high.....1.72,...........low.....1.48,........close....1.62...+ 16 cents.........................................
Opened on Monday @ 1.48 and never went lower. Something to build on. PATIENCE!!!!!!!!
I'm still watching FSC, haven't bought any yet. Looking for a price below 9.50. I'm 56% in cash right now and added some TZA today. Maybe next week will be the week the market finally stumbles.
What's their mission? Consume all your $$? I used to play around with this CEF about 8 years ago, sometime prior to the crash and their reverse split.
Look at KOG, MHR, NOG, and SD......all midsized drillers. All down 2 - 4% today (Wednesday). HK managed a gain. Looks like the sellers have thrown in the towel. Might not move much higher right away, but I think the serious sellers are finished.
Just thought of this stock, not sure why. Looked back and found one of my posts from 9-4-09. Looks like it was in the low 20s at that time. dkwilk was posting a lot back then.
Have to congratulate anyone who held on this long, reaped the gains, and collected many dividends.
Hope you all have a wonderful Thanksgiving. Something a little extra to be thankful for in my family. My 67 year old sister just became a grandmother for the first time on Tuesday. Baby boy and Mother are all doing well. Father needs some sleep. Take care all.