To all you BSers. I made the mistake of buying on her first dip several months back at 27. I did pick up more at 10 and am only .50 away from my April 15 being called at a profit. It's in my IRA so not concerned LT or ST. Will hold my 27 shares for future use.
Went the other direction and sold April 15 calls. Been buying on the way down. Called out a profit.
If not still holding.
I gave myself a 3yr window. Oil tanker stocks are climbing up due to oversupply. Somebody has to store the oil they keep pumping.
SDRL has one major option considering it does supply a majority of drilling EQ in the world. And oil is one thing that will never stop pumping.
Been with NYCB since it was NYB. Divy has always been $1. Nice place to place some dead money to earn extra cash. Sell off re investments and roll over into other stocks when needed. Buy 15 or below.
Got your attention? I hold PSEC. I see many post complaining about divy cut. FYI I also hold SDRL which eliminated her divy. I hate dead money but SDRL is strong, like PSEC, and will come back. In the mean time play the options to cover the missing divy.
Jut came across a 10yr chart for oil. We are following an exact cycle as before. Looking at a recovery. Slow but steady. Yes miss the dividend and yes suffering a loss if i sell now however.... Sdrl is only a part of my portfolio. 3yrs from full retirement. Hope divy kicks back in by then.
I have held NYCB since it was NYB. You are correct. They are not a bank to sell out or a bank to increase dividend. Safe play for LT.
I have been going over the board reading messages about SDRL not reinstating the dividend for a good year at least. All I can say is that this is the same board that promised the dividend would stay the same through 2015.
I checked out the 5yr chart on FSC. Divy started at .10, droped briefly to .05 on 12/11/13 and settled at todays .08. RSI today is at a favorable 27. If you already own FSI, as I do, just re invest and ride it out. Like many others on this board I was burned by the drop in oil. At least FSI is still paying a divy. More than a MM.
Not my quarter is it. Picked up SDRL back in Sept after Board said it would continue divy. Lost half of investment already. Now PSEC. I have held and will continue to hold PSEC re investing what divy they pay. In my IRA and still have several years to go. As for SDRL...