Of course another penny drop tomorrow would be closer to $8 but I don't the the catalyst for a big drop unless the sector falls with a big market disruption. That said I would welcome $8.
Pacman does write good convincing articles but apparently he does not convince himself. i bought some MDLY today and might sell it tomorrow:)
WTI ? Who knows? I trade it up, trade it down and sideways but i don't hold short ETF over weekends.
I got you were subtracting your Dividends.I agree RDC is much better than a CD even if there is a Divy cut, that i doubt happens. But if it does i might add a few shares.
Excuse being a U.S. Resident I can not understand how you have a Basis of near zero. In the US this could only happen with ROC Distributions from a partnership.
Investors move Capital to where they can get the best return. European Bonds have a negative rate !they can do better in the U.S.
Let's not forget the $20 WTI expert opinions. But anything can happen if the humon emotions of oil futures traders lead then to a new low. Personally I,m looking for places to add and not buying or selling Call,s because I don't know what the timing of recovery will be.
Dreams and silly MB posts will not move PPS but it will move up as the oil market improves. Shorty lowers the price temporily and gives me a a better point to add. Those happy souls who check the portfolio ever year or two come out much better than those who fawn over it every day and end up selling on the bottom. I have don't it myself more than once:). I would love to add more shares at $10 or $12 or $13. Whether up or down the intimate winner will have the steady hand.
Why do you care how people invest there money? If there is money in a short bet on Uncle Carl and GS to short there own positions if it makes a buck. Shorting is no more gambling than trading stock long. There are some gamblers on both ends that lose there money . Investors don't make money in the stock market, Capital moves between players, some win and some lose. Those who become afraid and make rash moves lose, I have had my share of loses on rash moves.
Anything is a buy at the right price. Utilities are not cheap at present and have been sensitive to interest rates. We know Capital has been pulled from the market 9 of the last ten weeks as stock prices have risen . I will stay in to an extent ( 82% cash) but will move to limit risk because I do not wish to have to go back to work. I might consider adding some BDC at current valuations but nothing else.
Could it be Jimcooper is not being objective?:) When he was pumping KCAP all was positive and smiley faces even after it crashed and burned:) Read and enjoy and if you wish to trade on his recommendations, knock yourself out! Its a free country, no one has "THE ANSWER" , except for Jimcooper of course :)
European companies can refinance there debt with negative rate loans. This should benefit Euro indexes and of interest to me SLB and RIG.
That was a typo it should be " I don't see the market taking off like a rocket the rest of the year" but I,m surprised we are where we are now. With SPY selling you share on 12/31 at $222 would be a gain of 5.11% from Friday's close in a 8 month period that is a historically poor market. For the record I have regretted the majority of Call I have sold and will not sell any Oil call.
A SPY December 31 Call for a $214 strike has a current Bid of $8. Selling a SPY141231C214 at $8 would either sell the shares for $222 or give you a extra $8 premium. If the market swoons in the meantime you can buy back lower and packet the difference. I just do see the market taking off like a rocket the rest of the year.