I urge you to join the discussions from other old timers who are into dividend payers on the SFL board...they buy a lot of drillers and tanker stocks, oil MLP's, but STAGG, MARK,
Sarge and I are into mREITS and other divvy payers like NCV...good info, daily chatter...no garbage, which is rare on these boards....hope to see you there.
But...it will continue to go down as long as POG goes down....under $1.00 one must look to buy...GG under $20...never would have believed it.
I bought BABA back, now that I feel more comfortable with it, and the IPO hype is over...I am also looking to buy FB back once the bleeding is over...I want to catch the bottom again...bought before and sold at $80...lucky...I hope to get lucky again. I sold YHOO too soon...and now its too high to get back in.
I am really worried about this market...it wouldn't take much to bring it down another 5-6%.....bought 10,000 TVIX at 2.85....for some insurance.
I just don't get it...why do good high divy plays get hammered and momo tech stocks go up when the fed or interest rates are even casually mentioned??
Death spiral....own these stocks at your pearl.....silver and gold are going lower, and there is nothing anyone can do about it....I never thought I would see PAAS this low....or SLW for that matter...and, the charts say they are going lower....
Mark....just no reason for companies to contract more rigs with the world swimming in oil...I don't care about SDRL raising their dividend...its a smoke screen to me....that stock will be weak for another year at least, and I don't trust the rich guy who owns it....he manipulates all his companies to suit his needs, not the shareholders. That said, I am looking at BTE...Canadian producers should not be hurt as much because of the loonie declining vs. the dollar rising...what do you think?
Market is only down -60 last I looked, and my high yielders are down like the DOW just lost 300 points!
Its a traders market....the little guy is at their mercy.....
Sold all AWLCF and FCX....only oil/gas/shipping exposure is KNOP and SFL...oil is going down, and the industries that support it will not fare well either now, or in the future....too much supply, too little demand.
Bought CVRR...15% yield....value play.
Yes...but...there are lots of businesses and the consumers who will benefit significantly from lower commodity prices of which oil and NG are, which lead to lower energy prices. Auto makers, Airlines, utilities, manufacturers, steel mills, mining, housing, and the consumer....lower oil and NG prices are good for everybody except those in the business of extracting and moving it....those industries I would stay away from until the supply and demand curve becomes significantly more appealing than it is now.....
I would not buy anything that is related to this industry right now....price of oil is going down and there is nothing to keep it from doing so. I have KNOP and SFL...that's it, and I would not be buying anything here...Just my opinion. Be Careful.....
Mark/STAGG...I too am wary of this market, but I believe the threat of higher interest rates is just that...a threat that will come to nothing. The Govt. cannot afford higher interest payments on the debt it has created, and they know that even a whiff of an interest rate increase will tank the market...and most of my high divvy investments as well, I might add...I just hope my efforts at diversification will help if it comes to that..... I am also starting to like gold and silver miners and may look to buy AUY, GG, SLV...maybe even AXU...waiting for Nov. for a clearer picture of where this crazy market is headed.....lets see if the Saudi's open up the oil valves more, or remain
at status quo...that will determine if oil stays around $80-85 or goes under $80.
I am glad to see all of you getting some money back on Oil/Gas/Drilling stocks and MLP's...I am still not convinced that oil is at its low...I see it under $80, and I see nothing that will move it upward in the future.
The laws of supply and demand are against it, and until that changes, price of oil and NG for that matter, will be depressed. Some relief coming if winter is really cold, but that's it.
I too have reduced losses significantly by timely buys...here is a summary of what I have bought during the latest down turn...I tried to become more diversified and so far, so good.
FCX, NUE, GSK, KNOP, KKR, BAC, SFL, and BRG.
My high yield income account remains intact, and I have added to some of these at lower prices these past
3 weeks...AWLCF, MORL, CEFL, WMC, ARR, PSEC, NCV, NRZ, NLY, AGNC, STON.
I also have INO as spec on the Ebola crisis....
IF any of you guys see something you don't like here, please let me know your thoughts.
I do not think the price of oil or NG are going up any time soon, except maybe a spike for the summer, so I am not looking at buying any MLP's drillers, GLING, shippers, etc... until their prices go lower. I also do not think
the correction is finished, but I am enjoying the bump up like the rest of us...still have 20% cash, and I am taking a serious look at gold/silver miners...AUY, PAAS, GG, and maybe some AXU....they have regressed faster than the metals.
Thanks for listening....
I owned it at .40....sold it at .52...that's how smart I am....Still have INO, but sold half today along with some
PSEC, NRZ ...just too top heavy in those two...only have them in my income account now...put some of Stagg's AWLCF in there as well...bought at $13.80....later...going to Texas.
I am all green as well, and finally made some well timed buys ...but....Mark is right...best not to sit back thinking the worst is over....it may not be. Taking profits is not a bad idea either...I hate stops, but tight stops on these big run ups can help, along with the ever unpopular reverse ETF's, SDS and TZA...also keeping some cash on hand.
I will be in San Antonio next week, so I will not catch up with the board until I return on Mon the 27th.....may the dancing in the streets continue...a little longer, anyway.
Stay Thirsty, my friends....RB Gambler...