I have read much discussion about volume falling off but it is August after all. I checked the Volume on SPY after I bought some Puts. The volume is about one third of the August 2013 and 2012 volume. That is a little scary :( Phil
Nimrod ! how much of any Dividend are you going to have left after paying taxes? You might be brilliant but you emit the odor of a BS artist. Question for you, What would happen if /when the FED raise interest rates ? IMO that will be the time to buy.
norris Ot i guess. I thought the post was about Argentina. Whenever i read a speech given by the Commissar of Argentina they sound so familiar. Perhaps she and Commissar Obama have the same speechwriter or perhaps a "separated at birth" sort of thing :) Phil
I bought 25 SPY April 29 Puts with a $200 strike for 0.35 cents or $900.00. So i will sell Friday , very early if no SP500 downturn for a large percentage loss. But max risk is $900 to control 2500 shares of SPY for 2 days. well easy come easy go :) Phil
Mr.phil prediction service says prepare for a downward blip Friday then steady upward next week until Slick Big One hits, whenever that is. I do like to read John Mauldin but pass on all the know-it-all stock Genius except of course for Slick:)
Rich and the other insiders loaded there wagon in the $70 ish range. I don't see how taking the same company and changing the structure makes it somehow more valuable.
I see stock trading as something to keep the mind sharp and at the same time earn more than buy and hold. I enjoy trading and have a goal to make at least double the Distribution. Bragging about the big trade or big portfolio or big house is laughable.
Inhirst, KM said this was going to happen not long ago but the timing of the announcement caught me without any shares:( Your choice of taking the fast buck would have been mine. I love the company but buying in now does not seem like a good idea. Too many bad things can happen at this point. But this is a very interesting merger that will get the IRS off there butts and will lead into clarifying some murky MLP tax guidance .
A pile of cash is not a bad thing in a toppy market with interest rates to rise. Might short some ETF Thursday because Friday should be a downer going into Labor Day weekend. Good to hear from you a n good luck. Phil
Inhirst I was wondering about you especially when thinking of Kinder Morgan. I have nothing to offer on the subject and try not to engage or become a victim of merger hoop-la :) Doyou have some shares? Phil
If Wednesday and Thursday are positive I plan to go 100% cash in anticipation of a sell off Friday before Labor Day. In the old days a sell off before a three day weekend ended with a big up day Tuesday. Of ourse these aren't the old days :) I think wisejman may well look like a genius .
Fear !!!! The Merger high is wearing off !! Cold turkey, what it worth anyway? Possible bad earnings or FED raises interest rates. And purplespidy says traders or traitors :) Phil
I would have sold day 1 after the announcement for $98 ish. #$%$ can happen like merger called off. FED raises interest rates or bad earnings. Also i have $10 if i need it :)
Greatbarf he has a point. The MLP funds will allocate the KMP money into the rest of the mix. But I doubt any earthshaking movements unless it's a MLP that takes KMP,s place. Phil
Slick and myself are waiting on the $nines. With interest rates rising sooner or later and possible Dividend cut and there is always the "big one" to worry about.