IMO if they cancell the spin offs PSEC will rise but it might dip for a moment. But I might sell before the CC if I did not wish to take a chance.
Bought back half of RDSB at $50 in PM to replaces what I sold for $58 last month. Also closed out all covered Calls Monday and plan to sell them again perhaps Friday if the rally holds and I think it will. They have to use a rally to scare those loaded with short positions to soak a few more bucks, some will get screwed both directions.
Jimcooper, If they don't declare a special Divy you can start another legal sounding rant. They have to have excess taxable income that they can't hide some way or another. I suggest you lawyer up and get the legal briefs on the ready. By the way it's OK to be wrong on something but it looks bad when someone will not accept reality.
EDV yields 1.6% while you wait and September is historically the worst market month in the year. I plan to perhaps close SBJ before the Next Fed announcement. There are no more short ETF in my future but I think it's best to only be in stock you like and have cash to buy a bit on pullbacks. Also if you stay in the market May through September increase your cash to at least 50% and be patient. Patience is the tough part because this market cannot be timed or figured out, you have to be ready to take advantage like Slick was this trip.
I would not want to take a big slug of UWTI to bed let alone a weekend outing. Something happens in the world and oil can open up through the roof. The spring is coiled pretty tight. Good luck.
I would not be surprised if the S&P finished the year up 3-5%. Historically September is the worst market month of the year so more BS ahead.
I like CVX and XOM but think oil service companies will have the bigger pop when Capax is increased. I like OIH when holds some RIG.
I paid twenty bucks for some once in Atlanta.
Stock valuations are a matter of opinion that swing with emotions. There is nothing hard and fast only swirling emotions. I have my lowball bids in but a low ball bid can be sucked in and keep going down. Getting too heavy short is more dangerous than being long in my opinion anyway. If the market drop to 2008 levels or below the losers were the ones that jumped ship out of fear.
I bet PSEC has the "sharpest pencils" in the business. I take there every word with a Grain of salt:)
Will let the RIG 2017 Call ride. I bet there not one sole in RIG for that 15 cent Dividend. I hope it tanks to 5 bucks!
Pa you seem to hyper ventilate with every post. Only the over extended ,highly Margined and poorly invested have anything to fear.
I enjoy observing nimrods with inflated egos who think they can talk a stock up or down on a message board.
When ever I think I ready for anything, some new and unforeseen happens. I thought the rally would last until Friday, and there no telling what the hell will happen. Today was a break even. I always thought in a time of market stress the big houses would lay a plan from day to day according to where the money was bet in order to suck in the max bucks. When volume dies they lead the market in a new direction. Very certain I wrong about the market being manipulated:)