minnyfan you might look up the meanings of "long" and "short". Simply because a comment is negative does not mean its not valid. Every stock in the land has negatives pointing the out is in the investors best interest. Stocks with oversize Dividends not covered by current earnings can be a problem. Also there are some BSers telling out rite lies . Most on this MB are Long they wish to buy low. When/if the Dividend is cut there will be a new group on the MB like a swarm of locust, many will be 'Short". My goal is to buy some shares in nines and sell before the Dividend cut announcement. What is your plan? Phil
Greatbarf, Options are a wonderful thing, BIG IF you don't treat them lightly because you think they don't cost much. I personally don't trade more Options than I would shares of stock, except for KMP which I would not be afraid to double or triple down on. But there is a lot to learn and I would not have attempted them without a excellent teacher, DocReits. I argued and fought what Doc taught but he won me over and open my eyes to opportunity. Phil
Those out of work who used up there unemployment benefits turned to Disability benefits. When someone manages to qualify for Disability there is little turning back to real employment. Some work for cash moving yards but the career track is closed. Many who lost jobs in there fifties, there prime earning years, are now wards of the state with little opportunity for economic redemption.
The "long and strong" PSEC holders are the newbies. The Long and nimble are making the bucks . Shorty will also eat well at the Dividend cut. I was in FSC last year , took a big loss bought Call and sold Puts on the bottom to recover. MinnyfN and others must learn you can't talk a stock price up or down. One strategy does not fit all.
William people that want to work and get ahead get the tools to take them where they want to go. Many are too comfortable and lazy to get out of there "free living" comfort zone. They prefer to loaf and whine about those who work harder and have more and become Dim voters always voting for the free lunch.
Norris please don't say "you can not make a fortune buying stock to capture the Dustribution or Dividend", you will hurt my business:) Phil
The low Premium might reflect high risk. How will LINE react to interest rates rising? Earnings? SEC,Hedgeeye poop? Other than regular trades(LINE not regular) I only employ Call and Put on big pullbacks. You could probably employ equal amounts of buying and selling Call and Puts and have more than one window for gain in the next 18 months .
Cirodrick This is the story of my one transaction with Bank of America. My daughter asked me to consign a auto loan fresh out of college. The loan was with BOA and they decided a needed a credit card, I called and told them I did not want it. A year or so later a auto payment my daughter made was credited to the credit card account that I had not used or wanted and the auto loan was showing overdue. I started getting collection calls and letters. To me it looked like a simple mistake that could be easily corrected but not with Bank of America. Talking to the Customer Disservice Dept was a waste of time, the lady said it was my fault. I went to a bank branch and talked to a Personal Banker who made phone calls to other people trying to get it straitened out. He said it be corrected shortly. Not so , more collection calls after three trips to the personal banker I was put on the phone to someone high up who had the authority to make a simple correction that I could have handled at Truliant FCU in a simple phone call. I demanded BOA write me a letter of apology which I have in my trophy case :) That one transaction was I needed . Phil
Someone wanted to put on a show selling 6k shares for a price drop, or perhaps he's not toooo bright. He could have sold for more in regular hours with a VWAP order and the order would have not shown on the book.
From my reading of the SEC filing it's all or nothing. There will not be a merger without KMP being a part of it.
Merrill offered from memory $1400 and hundreds of free trades for my two accounts. Then I thought about having to deal with Bank of America and stayed with Fidelity. When there is a problem with BOA no matter how small it's a bear to get corrected, they are too big and there employees at the personal banker level have no authority .
Wisej I know for a " solid undisputed proven fact" Rousthouse sold the $9.17 shares :) My PSEC game plan is to buy some $9.20 shares from Rousty next time he goes bonkers :)
I cant believe this market up on Friday B4 a long weekend. Sitting on a new all time IRA high with 88% cash. I plan to sit back a bit and not chase, I do like to buy a regular trading stock coming off the bottom looking at its RSI. Those that covet bragging right to the extreme best price are laughable. In many instances only a very few shares trade at the price extremes. Phil
mr.geek , I don't think the stock market issues guarantees of time value. To invest in the market one must assume risk . A Annuity or CD would offer you less risk for less yield. The Free Lunch is no longer on the menu. Said the Geek "This isn't rocket science; there's nothing more complicated than an exponential in the whole thing. It's just basic finance" :)