they both slammed Cometstorm and me when we sold. Both were rude and crude. Wonder why they are so silent now?
i seldom, if ever, wish ill will on other traders or investors. however, both those 2 were over the top and deserve their fate.
Don't think so. I just wonder what took so long to downgrade? No catalyst out there to reclaim lost territory. GNRC peaked after Hurricane Sandy and i sold shortly after at 55.55 PPS. While that principle has made me money and dividends elsewhere, i dodged a 34% capital loss.
GNRC is not shareholder friendly and will not ever release another special dividend to shareholders. They also have shown zero interest in establishing a normal common dividend. There was no incentive to hold after the share price peaked. I sold off and so did a host of others, including institutional buyers.
Kohler has a beautiful line of standby generators and has taken market share and that has cut into earnings as well.
Short of a natural unforeseen catastrophe, what is the incentive? IMO, none.
Sentiment: Strong Sell
it is tough to make a buck in the markets lately. the DJI is down 3.2% from its record high of 18312 on May 19 close. with the Greek fiasco and Portugal, Spain, Italy and now Puerto Rico in trouble, that shakes the economic community. the impending Fed move adds consternation and concern to the markets as well.
i have 15 open positions and am relatively diversified. i am also sitting on about a 35% cash position and will hold to that until Q3 this year. i am willing to miss distributions and dividends in order to reduce exposure to a volatile market.
within my 15 positions, 2 are BDC's - MAIN and ARCC. all things considered, they are doing very well in holding their share price while producing good yields. i also hold USB and GS which also help absorb market dips.
IMO, BDC's and banks are the place to be. energy stocks (esp oil related) are out of favor for good reasons tech is risky and produces small yields, industrials are dangerous in that they appear topped out and transportation will continue to be spotty at best. i agree that most income stocks such as utilities, REITs, and most MLP's are in harms way come Fed hikes. what is important for investors and traders is that financials and BDC's can preserve earnings as they are able to adjust their lending rates proportionately.
while my portfolio, just as the DJI (my benchmark) has taken a hit, i have nicely over performed the markets in general thanks to holdings in BDC's and banks. i also hold CME as a related position.
to your question, Time to buy BDC's? Yes. if we buy anything, BDC's and banks are the safest bet. the primary reason i don't buy more now is that i believe even that market segment will also take some sell off until we are out of the woods again. even within a bull market such as we've enjoyed over the last several years there will be dips, pullbacks, and corrections. overall, stocks still remain the place to be and BDC's appear are a good bet.
by the time you see an upswing you will have lived through several downswings. an old adage... "Cheap stocks can always get cheaper".
i got out at 5.17$ and avoid a capital loss of 40.4%. there is no catalyst in sight and IMO, MIFI slips further. the only time i wait is when i am realizing distributions and you will never see that here.
Sentiment: Strong Sell
Wrong. You incur a loss if you hold and stock drops as you have less capital. I think what you mean is that you have no realized losses until you sell.
my timing was fortuitous in that i sold off 40% of my equity holdings in anticipation of those Greeks sucking everyone down with them. remained focused on banks (which got hit) BDC's with ETP being the sole partnership investment. no REIT's anymore and no utilities in expectation of further market slip with Feds due to raise their rates.
i would buy back into ETP but will observe until i see the market begin to reset. that won't be until Feds move and Greece plays out while keeping a close eye on Portugal, Spain, N. Ireland, and Italy. may miss the bottom but i try to limit losses and reap what benefits there are upswings. ah, the life of a trader with a 60% investor mentality.
I see that Doc posts that message on other BDC boards as well as MAIN's. Desperate action.
BDC's will be impacted by Greece worries and will also hit the bank sector. IMO. I think there will be down volume on both sectors while we see what the fallout will be. in the meantime there will be more selling than buying generated from fear. nothing new there....
i didn't give you a thumbs down but your investment in ETP under Roth will be after you've paid income tax and then deferred when you take. Roth is a good place for EPT.
yeah, goldengate sounds frightened. dividend is safe and should be referred to as a distribution.
simply hang on or buy with recent beat down.
After experiencing some weakness going back nearly a Q, MAIN PPS is reversing that trend. Last 1 month has MAIN up 6.23% while DJI is down 1.19%. That's a great inverse relationship and indicative of a trend reversal. This week closed with MAIN up nicely and due to heavier than usual volume. This week's action was consistent.
What is more encouraging is that these gains were apparently not a result of oil prices.
Also, what tickles my fancy is apparently that good ole pumper Mr. BDC RC5717 has prematurely given up the ship and is now polluting the CMGC board. Not having to see all his posturing and false bravado makes holding MAIN even more enjoyable. lol.
I've not seen anything that can be attributed to this run. No new upgrades. Anyone have an idea or news?