I'd bought in a year or so back around 17.90 and all of it in all accounts recently at 21.10 great trade but the premium was way to high and it was multiple years of dividends in gains sitting there waiting to be claimed.
I'll get back in if it gets back to a discount again.
I got some rounding out my amount of capital allocated to various BDCs so I'm happy for now. I have a few trades to do over the next couple of weeks and I'm hoping all the BDCs are low still when those are over so I can load up until next earnings season.
FSC has done really well for me over the last couple of years. However most of my buying was on the sharp drops a while back. I'll add a bit here and there on lesser plumets but only once the current position has paid me enough since the last purchase such that my relative cost basis (purchase price minus dividends) warrents that its alright to buy again.
Its alright to buy right now BUT you really have to use protective puts. Its a big cut to you profits but the chances of a major correction wiping out all your profits are just too high right now.
I've even trimmed all my bond funds as I was up so much on those that I couldn't just let them ride anymore... I mean really, bond funds up 12% in less than a year? Thats just ridiculous.
My observation is when you sell its always too early and if you buy its always too early.
The only factor that matters is did I make money.
I've been selling most everything and going long short when I get back in.
My profits for april are stunning but I'm now in the 60%+ cash range so my profit taking is pretty much done.
My entire list of mining related stocks is up HUGE right now. JOY is the laggard at only +1.28% and CLF is leading at +8.25%
Haven't found a good reason for it but I'll take the profits regardless.
I pulled out some good trades (AAPL and VALE) for a nice profit for the week.
I'm mostly in cash now (like between 50 and 75% depending on account).
If the wild swings keep happening I'll keep playing them although now I'll do so with less capital each time and make sure I have better downside protection.
Big jobs numbers miss and a large sell off. Precious metals are even up as a result.
I've been in long short mode for the last month and I must say I'm VERY glad for it right now.
CAT requires infrastructure spending on a global scale... the rest of the globe is on unstable ground so its taking a beating.
IMO at 75 its a decent entry point but 65 is a possibility still.
CAT has been good to me in the past but I got out at 87.5 (while still up a bit) because its been better to me at 75 and my best friend at 65.
They also have mini option contracts... minis are for 10 share lots instead of the normal 100.
Gives you a mathod of collecting some profits along the way without crushing your position.
What made you get into AAPL? I've trading options on it for a couple of weeks to very good efffect but I'm curious what gets others to buy it.
I buy under 32.50 and sell calls against it... a lot... over years. Its one volitile stock and you can make or lose a lot on it depending on when you buy. 33 and under good... 34 and over bad.
Look at the distributions for the last few years. If you can get it at least a $1 lower than current its a go IMO.
I have a limit to get more at that level.