I can picture gasman hanging around a bar wearing a little leather biker cap and chaps:) Next week, the week before Labor Day is historically volatile, but last week might have taken some sting out of it. Ialso heard something about the Saudi invading Yemen influencing the rise in crude futures. Might be short term pop or the start of a long or short term trend. Whatever will go with the flow if I can figure out what the flow is.
I have a little SJB and EVD but will but buy any more unless the Trend sets a negative course. I sold some today and now have 62% cash. There nothing that could happen next week that would surprise me.
Next week is the week before Labor Day and can be very volatile. Of course last week could have taken some of the sting out of it. Not unsual for next Friday to be terribly and the Tuesday after Labor Day be nice and smooth. Must wait and see what the MM has planned for us. I wanted to sell some Calls today but there was little interest. Of course next week could be a nice smooth up week. Up, down or sideways ? I,m good!
My father was a farmer and he produced various adult beverages from farm crops, corn, barley, hops ect. Whenever some would come by the house they were always offered a tasty adult beverage. When my Father was not at home I carried on the tradition from the time I was four years old. On many occasions preachers,neighbors ,strangers and the Sheriff would stop by and not one ever refused a refreshment.
I took profit on 3/4 of OIH, half of RDSB and BIDZ and all the BDCL. Will probably be heavy profit taking on PSEC near the close but it looks like the road might be golden to over $8 perhaps $8.50. Many negatives were swept away.
I,m rethinking Dividend reinvestment. I have tried for the past year and in general have gotten poor pricing on share reinvestment, particurally with oil stocks.
"the Janet " recently said Commercial Real Estate is in a bubble. I was reluctant to jump in this week and plan to wait a bit as September is historically the worst market of the year.
I,m trying to trade less and find "good" stocks that can be held long term. The last 12 months has been a year of pain. There are very few BDC/REIT that I would rate a good long term holding stock. I,m currently using a BDC ETF and ETN , BIZDand BDCL and looking at a Commercial REIT ETF RWR. When a better BDC stock goes on sale I use for a short trade. I do think major oil stocks and some MLP Midstreams are a good holds as well as some index funds like SPY ,VTI and VT. Also some old Blue Chips as with everything are good at the right price.
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.