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:)
BDC and energy are both oversold. The news stories in the evening are a 180 from this morning. One story had a check off list to recession :) which is more than a bit premature. I traded EVD buying back a dollar lower and doubling the position. I also bought some GARS at $14.20 and sold MAIN. The one thing that you can count on in the morning is what ever you think is going to happen usually does not. I will be at the fitness center until 11am and have some lowball bids. If you think you are invested well the best thing to do is absolutely nothing.
Those that want free Capital for ever can always find a reason not to raise interest rates. Not sure if the Fed controls the market it the market controls the Fed. But the Feds job is to control the money supply for the benefit of the economy not the market. My position is the Fed should take care of our economy and let the market adjust to it.
I did notice that GARS was the only BDC on my watchlist that is negative today. I nibbled at $14.20. There no way of knowing where the market will turn next. I started EVD back a dollar lower.
The potential for market movement in limitless. It's obvious to me the upside is greater than the downside but very unsure of timing of events.
Excuse me ,but does the money buying back shares offset the special Dividend math in any way?
Jade, Any thoughts on why GARS is still dropping? I have a bid out on it. Sold MAIN, ETV and closed out most energy Covered Calls for 40-50% of Max gain. If this little rally will last until Friday I will reload the ETV and Calls.
When my 2 year old a Grandson spends the day with me doing " man stuff" in the yard. I,m wiped out for a few days after:) Good luck.