Hi Phil. IMO also, Barron's certainly does not have the credibility it once did. Alan Abelson must be turning over in his grave. The Barron's article to which you are referring certainly does leave one with the impression that utilities are an investment opportunity right now. Just for the heck of it, I checked the Standard & Poor's ratings on the utilities that the article mentions. The results were: Two "sell" ratings, two "strong sell" ratings and three "hold" ratings. There were no "buy" ratings. S&P obviously does not agree with Barron's. (It's not even safe anymore to buy one of them a few sessions before the ex-div date and hold for a "dividend run-up".)
Fed numbers are bogus. Computation of the unemployment rate is probably the biggest joke of all. When a person exhausts her/her weeks of unemployment compensation, he/she becomes a "discouraged worker" and no longer counts as unemployed. Government math = BS
Thanks jridley17. Actually, I've been discussing airline stocks with a couple of other posters on this board for a few days now. On an on-topic basis, I started another position of FSC by purchasing 2,000 shares this morning at $6.94. (FYI, the name isn't Corky.)
I'll entitle it, "How To Waste Your Time Trading". Bought 2k shares of FSC on 5/22/15 @ $6.94. Instead of grabbing more shares this morning when it traded down to $6.88, I held off and sold the 2k shares this afternoon @ $6.96. I made a whole $20 after commission. I think I'll stay away from FSC for now.
Hi Phil. I bailed out @ $7.07 near the close. Also had an $.11 gain. Nothing to get excited about, but it's better than nothing.
Apparently the CEO of AAL went on CNBC today and stated that he's going to cut fares in order to better compete with the low-cost carriers.
Hi Phil. It's been a fairly long time since I have posted on the YAHMOO message board for stocks. Hope all is going well for you and yours. I have now gone to the sidelines 100% in cash, except for 200k my wife has in a 401(k) with Rite Aid. We're both retired now, but she left the money in the 401(k), as it draws about 2.8% interest in a stable value fund right now. I'm not sure what to do at this point. The $$ on the sidelines obviously isn't making us anything. Frankly, I don't trust these markets right now. Take care.
Phil, I got the 3k shares late in the session at 6.96. If FSC pulls back into the low 6.80's on Monday, I'll grab another 2k or 3k shares. Now I wish that I had not gone 100% cash recently. I went to the sidelines prematurely. Should have waited.
Thank you for your input, frigator. I really missed out on a golden opportunity. I wish I had bought DAL last summer. I got cold feet and didn't do so. I'll do some "due diligence" regarding AAL. Thanks again.
There are a lot of houses recommending Delta Air Lines at this time. Even S&P rates it as a 5-star strong buy. At a $47 share price, DAL is up about 56% from its 52-week low. Much of the stock's very positive performance relates directly to what the market price for petro is. Any thoughts from posters are welcome.
Hi Phil. I checked the prices on AGNC and WMC today and then thought about how well we did with AGNC back in 2012. Playing and timing share purchases with the secondary offerings was a great way to make $$. Remember Doc Reits? If I remember correctly, he quit posting a couple of years ago and developed his own website. My recollection is that initially he let just investors have access to his site for free, but then decided to charge a subscription fee. I don't even remember the name for his site. Do you post there or still have access to it?
I posted a summary on JetBlu. It has evaporated! Darn! Anyways, JBLU is the stock. There are a lot of houses/rating services giving it a "buy" or "strong buy" rating right now. Good one year chart and numbers, but the stock has a high short interest of 14.93%. Comments welcome. ( I got enthusiastic about it and bought 500 shares in the pre-market this morning.)
Pretty light volume with FPL. Good luck to you. My JBLU took a hit today, as did the FSC. I held back on doing any dollar cost averaging today.
You're right, thewisejman. Making a measly $20 is better than taking a nasty hit. As far as GLAD is concerned, the daily volume concerns me. Wouldn't it be more vulnerable to some nasty folks attempting to manipulate the share value? (Now I have to decide what to do with my JBLU disappointment......ha, ha.) Have a good evening.