Sold Dust at a loss....with interest rates staying where they are, and the rest of the world going to negative rates, I am looking at NUGT now...missed the boat, like always...would love to get it under $50, but I don't know...maybe I just nibble here, and buy more if it goes down...also looking to buy TVIX again in the 7's...thoughts?
STAGG is at it again with his total return theory re; SFL....to me, its all about at what price you buy it,
and how long you keep it....his figures would not look too good if you bought SFL at 25-30 a share way back when.
NYMT does not look that bad under $4.00....all depends what they do with the divy...I only hold 2000 shs, so I am not that concerned....I have a ton of NRZ, and some NLY.
Have a nice weekend all....
Stagg, I hate to say it, but every one of the stocks mentioned above is significantly under water the last two years...only NRZ is showing any life lately, and PSEC somewhat, although only if you bought it in the 5-6's....personally, the only one I own now is NRZ...I would not own any of the others in this environment....
I kind of agree with Mark on this STAGG....SDRL? SFL has been a loser these past 12 months and more, dare I mention AWLCF, NMM, MORL and NYMT?? Of the high yield stocks I have owned, only NLY has kept me in the green, and then only slightly because I bought it under $10...NRZ is coming back, but has been horrible these past 12 months...BDCL has not done great either....losing principal while getting high yield, costs you in the end...Mark has a point, and you should listen to him on this....by the way, he was not alone on LINE and PER if I recall previous posters here.
Yep...more loses for me today...NYMT...very little shares as compared to NRZ....hope I don't get killed with NRZ tomorrow.....
Should have listened to you!....
Nice insider buys on BAC...also, they have considerably less distressed oil loan exposure than JPM. Very undervalued here...glad to see NYMT and NRZ finally getting some respect...NLY holding up, as is GLOP....should have sold all BAC and bought PSEC when it was like $5.80...its now over $7.00!...go figure.
Buy some, if you don't have any shares....its better than playing the lottery...and if they have something that actually works...can you imagine waking up to find this at $2.00????
I have 50,000 shs...oh baby!!!
Very nice profits on each in a very short time....I like both of these, but I must trade more to make up for huge losses in BAC......oil will not stay at this level for long....back into the 20's IMO.
agree with the market going back down....China banks are heavily over extended...even the govt. must be scared of such exposure....looking to buy TVIX in anticipation.
Bought some DUST...$4.97....lucked out...I don't like to bet against you, Mark, but I think the flight to gold is over....at least until something really bad happens in the world or the economy, which is very possible....
What do I know....I own BAC, so that tells you how smart I am. Just an aside, I would be very concerned for anyone like STAGG, holding on to SFL....I do not trust Fredricksen, and his empire is crumbling....
Smart move Kee....I would recommend you sell CPLP as well before you end up in the red there....no time to invest in weak sisters....the giants are having problems...the small guys have even bigger problems.
Good info and insight....I do not own SFL for that reason. Beware of Rich guys like Fredriksen who will do anything to keep their empire afloat....his empire is drowning in red ink, and that will not change any time soon....be careful out there....SFL like everything else in this industry is swimming in dangerous waters.
Good trade on SFL....I have been looking at trading it myself, but I need more than .50 moves, and lately the moves are more like .75 which is more favorable for trading.
Looking to buy some at $5.70ish...big drop yesterday...big question is will EEP guarantee the divvy or not?
the more I read about it the more confused I get....anyone own this? Opinions?
Good for you...I can't sell yet...still too much under water in stocks like NRZ, NYMT, and my big loser, BAC....
Keeping GLOP, KNOP, ENLK, which I bought today, and looking to buy DCM or OKE on weakness...staying away from MLP's with significant debt.
Better off financially than ETE, KMI, and many others in this space with much higher debt ratios. I don't care if they ever increase the payout....18% on my money is fine with me.