Schi, come over to the SFL board....lots of great posters, no BS...I have been following that board for years now...best board on YAHOO.....they will appreciate your high div. recs as most of us are older and interested in high div. plays....Gambler.
High Div...19% and 13% respectively....admittedly, if the price of oil has not bottomed, these will get hit, but
I am more concerned about these holding the dividend....Mark/STAGG/DH, et, al....any thoughts? Anyone own either of these?
I agree, DH....DOW is going below 16,000...probably today, as the rally looks like its fizzling out....how far down into the !5,000's is anyone's guess....getting killed in BAC/JPM when the market goes down....these should do fine once the Fed increases rates and earnings come out.
I am really happy with the strength of SFL in this market.....very pleased as well with the comeback of NMM and to a lessor extent, UAN...I almost gave up and sold NMM...thank goodness I didn't....anyone else have opinions (neg or positive) on NMM and UAN?
I like AXU, and TGD in the gold space, but its difficult to buy these with the Fed looming, and more weakness to come in Gold/Silver....one of these may go bankrupt...or, may be bought out...who knows.....these are a real #$%$ shoot...tempting though, at bargain prices.
Thanks, Sarge...I like BAC and JPM more than WFC only because I see more upside....I have no tech at all, since I shun owning stocks without a divvy....but, FB sure looks good under $90 for the long term...like forever, if you are so inclined. Taking another look at VALE....I like AA too, but I must buy in at the absolute low since the divvy is lousy....that should come after the Fed's ill advised rate increase.
Hey Sarge...is it time to buy FB?....under $90 now....Opinion?
I am out of oils/NG, etc, except for OXY, and sitting on 40% cash....largest position is BAC....bought back some ADXS as the 13-14 price was too low to resist...now have a good size position in it once again....report coming on 9/17 on Phase 11 trial....VALE looks interesting at so low a price...so does gold, but I am waiting for the Fed to get there rate increases out of the way before buying.....almost jumped on FCX, but didn't....next day Ichan buys a ton and it goes over $10! Oh well...so much for market timing...LOL.
Mark...what do u think about WMC? I still have some shares left...looking at the yield, and I am thinking about maybe buying more...what is your take on this, given the possibility of a rise in interest rates.
These guys have done a great job..but....the price of oil will stay at these prices, or lower after the driving season is over, and there is nothing PGH can do about that. It will lose money regardless of hedges, production increases, etc....they are a nice little company caught in a bear trap of an industry....I would not touch it above $1.00....this is going to last until the Saudi's decide it won't
Lots of good things happening with BAC, even if the Fed does not increase rates. Big fines are over, they will pass the next Bank smell test, or CEO will be gone...earnings will be good, divvy will be increased, share buyback resumed....18-20 a share in the near future....IMHO.
I don't like the DOW's action today...once it came back from down 1083, it failed to hold the rebound...this could get much worse before it gets better...looks like NMM has reached bottom...hopefully. my largest position by far is BAC...bought more this AM. along with more SFL. The Fed cannot even be thinking about a rate hike now...can they??? China market is a disaster, and the govt. has egg on their faces for not being able to stem the tide of decline. How long will the Saudi's endure the pain of low oil prices? They need to service their debt and various expansion programs over there....this must be hurting them as well. I read somewhere that the Saudi's need $100. to stay out of the red....what a mess...and at my age no less....did not need this......GL to all.....
Only if you're on Heroin or have like 200 shares...for those of us with substantial positions, its damn painful.....lets hope we will be rewarded with another big ride up!!!!
I too, fear more pain, STAGG....Sept/Oct may not be kind to us. Oil has even further to drop once driving season is over, Iran oil comes on line....everyone is pumping like crazy. I just keep buying BAC, and SFL....waiting for the dust to settle before I step in any further. Any possibility that SFL could get hurt with charter cancellations ala NMM today? Not my area of expertise, so I am throwing it out there.
What else is new. I am sitting here contemplating my navel, as I look for answers to mounting losses in what's left of my portfolio. I have no answers.
Bought more SFL and BAC today...I soon will need to file one of those forms that hedge funds fill out when you own more than 5% of a company's stock....don't ya just love shipping? GLOP, KNOP, and now NMM....nice.
Back to my navel.....its much more rewarding than watching my stocks going down.
DB stands for duche bags.....they know nothing...next week they will come out with a strong sell, so they don't look stupid...then what will you do????
DB is on of the worst run banks in the world.....forget them.
I will not sell because I am too stubborn and do not like to take losses....if this doesn't go bankrupt, we should all be ok once oil rebounds....when that will happen is anyone's guess.