Hellow STAGG and MAX....Max, thanks for reminding me about this board. I have gon the other way, with interest rates (short Term) on the rise, banks will be in favor, and mREITS will not...I sold WMC and AGNC...I still have NLY and ARR as I consider them stronger than the others...bought back BAC and more AMNB to take advantage of
the market viewing banks in much better light than mREITS when the Short term rates rise.
Current Positions; (by Yield)
HIX 10.1%...this is just to park money for future use.
STON 9.5%...again, for parking money.
OZM 33%...a large non recurrent divy this year....I reduced my position by one half after the special divy.
I have numerous biotechs which are trading vehicles for me, and I have made a ton on them this year...here is
best of breed if you are interested; INO, ONCS, IDRA, AGEN,
I still like ARR, but I will put a stop loss in, as I have a ton of it that I bought at a few pennies under $4.00...I think of all of them, their divy is stable, along with NLY.....I take your warning seriously, Mark, and will look to protect what I
have already made....I don't like losses.
WMC took it on the chin...now below where I bought it, which does not make me happy...I can stand to own it
for the Divy as long as it stays above $16....SDRL may be getting closer to a buy....under 33 it will be a nibble...under 30, a buy.
Almost at 5 year low.....nice divvy, lots of cash flow....I don't understand its low price...can anyone here
shed any light on this? I think its a buy....5.8% divvy? Looks good to me.
Mark, as always, thanks for the insight...I think 3% on rates is a ceiling....they should pull back when hitting that ceiling...if not, that would signal danger as to higher interest rates....mREITS look very healthy to me, divys have stopped dropping, and portfolios have been re arranged, reducing leverage, and rolling over their purchases....I think we still have a good year ahead for ARR, AGNC and NLY.....I think the S&P 500 is getting ahead of itself, and I will be looking to buy some TZA again as downside insurance......
Why issue shares so much lower than what they are trading for?
It seems like the company is telling the market that the real value of INO is $2.90 a share...please explain this to me?
Long 12000 shs.....
Nice post, Mark...I kind of agree with you except for mREITS....I do not like MTGE, but I love ARR, NLY and AGNC...I also bought some of Stagg's WMC at lower prices.....fed will not raise rates for at least 12 months...there is a lot of divys to be collected before then....I love PSEC..its my largest holding...that an ARR that I bought a $4.00.
Like I said as well, not worried about LINE...its almost back to where it was before the news....TZA and TVIX are looking like buys here....this market is way overbought IMHO.
I also own and trade; INO, ONCS, RNN, NBS, IDRA, DVAX, SNTA...I also love AGEN, but can't get the price I want....anyone else own or trade any of these?
Maybe we can share info/thoughts on this board...O/T of course.
Earning .20 a quarter and paying out .40 a quarter in divys, is not the answer to long term success, IMHO...
Not my cup of tea, although it is holding up much better than SDRL in down markets....If am missing something here, please enlighten me....
I own LINE, and I am not worried...I won it under $30, and I like their future with the Berry Acquisition...they may not be as well run as others, but with asset sales, they will have more mondy available to take advantage of the Berry assets....I am not worried.
Sold all BAC, sold half my OZM...nice gains on both....NLY has turned the corner...latest earnings attest to that...
Take the 11% divy, and possible price appreciation.....interest rates will not be raised for at least a year...I like
ARR, AGNC, and NLY....also have a little WMC in defference to STAGG!!
I have traded VXX, but you need to be nimble with it....I trade USLV...I like PM's....also TZA is a good ETF to own during a correction...but, its volatile, so be careful....stay away from weak sisters...they really crash during a correction....I have seen it before...SFL, SDRL, CLMT, UAN, they get killed when the market goes down....thats the best protection...start trimming, and hold cash, HIX, STON, NRZ, ARR, AGNC, and the like...thats what I am doing.
Its a steal here...CLMT...another high div. head fake...you buy for the divvy and the price goes down...what good is that? CLMT SDRL fans?
Lots of angry stockholders in these two stocks...very passionate while taking the pipe...don't get angry, get even I say. Lots of good guarantee divvy's out there...just look for companies that earn more than they pay out...pretty simple, actually.
O/T....making a fortune with biotechs this week...lNO, ONCS, RNN...wow.....
Bob/Sarge...good comments, Mark.....I love PSEC, it is one of my core holdings...when It goes down with the market, I add...I own OZM, but would not add here, as it is on the high side, IMHO.
Stay away from SDRL.....very weak, and will get weaker in a down market....buy under $30...not before.
I have one comment on SDRL...stay away from it....think about what happens to this stock when the market corrects again....its down $8....imagine where the price will be when the DOW
goes down 300 points or more??...Buy under $30...it will get there when there is a significant
For anyone who follows biotechs...INO is smok'n today...up 10%!
IDRA not bad either...I have owned both since they were under 1.00....I trade in and out aaround a core position.
I need some excitement...just watching my dividends come in each month is not very exciting.
NO....made about .05 cents on it, plus divys....HIX is just a place to park cash.....WMC is a better place at the moment....I like GGN on any pull back.....love gold/silver....FCX is in trouble...I would look to SCCO for a copper play....Indonesia seems to have an in for FCX and will bleed their profits from their Gasburg mine...be careful MAX......I like aluminum....bought CSTM and WGPLF....no divy though....Merle Whitmer recs CSTM, says it can go much higher....she is the best stock picker on the Barrons Roundtable....