I stupidly did not trade out of my shares at $30, and am no sitting on a 13-14 paper loss which will only hurt if it gets worse, and ADXS is not what it appears to be....I will take my chances that it's the real deal.....shorts are having a field day....no volume is a good sign.
No, I sold it before the big dump down to under $9...I agree, it looks like good value, but I am shell shocked and still not sure if the decline in the price of oil/NG is over....it will be a long year or two for CHK and others, and could get very dangerous when the hedges expire....my only oil/gas exposure is outlined in my post to Sarge above.
I'm with you Sarge...coal is a loser.....now and for the future.
Bought KNOP back at $16.00 today....got lucky....12% divvy sucked me right back...also bought more SFL in the low $16's...still losing my shirt this past week, but its looking better....PGH is a big loser for me, but BP and OXY looking good....still underwater a little on MRO as well...
I sure hope oil stabilizes here....but it probably will go to the low $40's before its over....staying away from MLP's except for small position in SHLX...don't even like Marks ETE anymore...no more gold for me either......GL, Sarge!!
Don't let them get under your skin...just put them on ignore...we longs need your valuable posts and insights.
Sentiment: Strong Buy
Hope you're right Mark...bought some under $60...I don't have as much as you all do, so GL.
Meanwhile, another lousy day for the market...I am looking at 16,400 before this ends...I hope.
In the meantime, they are playing my favorite song...."Catch a falling knife and put it in your pocket...."
DUST is in the green two days in a row....one of my few stocks in the green...I need to be careful with it as it can turn on a dime at any time...I am looking for $40, then I will get out. Too risky to hold with Gold already down so much.
Watching DUST every day....when gold breaks $1000, I will sell it, and start looking at NUGT...the reverse of DUST!
Still have PGH...small position...no biggie either way. Staying away from gold, and Oil MLP's, as I see no bottom in either area. This market scares the heck out of me...The only certainty I see is a strong dollar, and it will get stronger as rates rise. The DOW could take an even bigger hair cut like 10-15% and it wouldn't surprise me....times like this I wish I was in all cash.....
A combination of production growth, positive cash flow and exploration success positions Timmins Gold to continue to deliver shareholder value....yep...but without shareholder appreciation......price of stock is selling like the company is made of toilet paper...
Interesting post re KNOP.....this could be an indictment of all oil/gas MLP's if this statement is accurate;
As best I can tell there is nothing specifically wrong with KNOP. Rather, KNOP is tarred by its association with all things oil & gas. The one fundamental challenge for KNOP going forward is ironically its stock price. With a stock yielding greater than 10%, issuing shares to finance drop downs is prohibitively expensive. At today's $2.04 annual distribution rate and $18.80 closing price, the yield is 10.85%. And think about it, if in future years KNOP is able to increase the distribution 5%/year, that cost of capital gets worse via compounding. The MLP-type model only works well when the stock market cooperates and prices the stock richly. Unfortunately if company cannot cost effectively issue equity to finance drop downs, there isn't much room for debt on its balance sheet
It hit $31.34 today....pays 8.4%....I bought this at $24 just to park some money.....death is a great business!!
Will BP reduce its Divy?? I say, no....too many retirees in England own it in their retirement accounts....BP is not CHK...starting to like CHK in the single digits, but will buy FRO instead, ALA, STAGG's rec.
I understand your feelings, Mark...we all know that DH can be annoying and condescending...I know I can be irritating to some as well with my constant vacillation on buys and sells, and my pumping of stocks like BAC and ADXS...but we all need to be tolerant of each other and just consider the value of the posts, and not the poster or his idiosyncrasies
or personality...we have a great board going here IMO....I don't see anyone lying, pumping just to pump, or providing false information about what stocks/industries we like and why we like them....we are all different and yes, we can rub each other the wrong way...I know I am annoying....my wife tells me that all the time...but my heart is in the right place, and I do not post to hear myself talk...I try and post good investment ideas, with valid reasons for what I do....its up to all of us to
post our thoughts and ideas without malice...and, lets not have such
thin skin either.....lets act like grownups. And Keebon, stop calling me Gobbler!! LOL!
Yes...I actually have an IPhone....I put them in the same category as the rest of the modern tech world...yes...AAPL is much different that social media/search engine stocks...but my view is the same...how many more cell phones can be sold in the world?? Enough already with AAPL...the time to buy it was years ago, when the big money was made.....not now, IMO.
I agree 100%, Mark...seriously....what do you buy here? I tried gold...that didn't work...thank goodness for DUST, which I still have. I cannot convince myself to buy tech, especially what I call,
the Face Book Generation Type Tech...APPL, FB, TWTR, GOOGLE...this has cost me a ton of potential profit over the years, but I am too old and too obstinate to buy companies that are tied to the Cell Phone and Facebook...I hate the entire concept of Facebook....however, outside of us old farts, the rest of the world keeps constantly connected to them....I still cannot buy that type of stock with serious money. mREITS? NRZ and WMC have done very well, among others, but do you buy them in the face of the Fed hell bent on raising interest rates? I like to buy quality in areas of the market that have been beaten down...so, now I am catching the falling knife in oil....I don't like MLP's in this environment, Mark...but the price of oil will rise again, and I see value in BP, STO, MRO, OXY, PGH, and others of that ilk....and I collect nice divys while I wait...that's my plan for now, anyway...in the meantime, BAC is my largest holding, along with JPM, STON, NRZ, WMC, NYMT, UAN, API, SFL, ( and some others which I can't remember right now) which pay nice dividends....of course these will probably get hit when interest rates rise...so, I ask again WHAT DO WE BUY NOW??????
I sure as hell don't know the answer.....
Is he too depressed to post?
MLP's taking it on the chin....of course so are my recent buys...SHLX, OXY, STO, BP, MRO and PGH...also, ETE, which I know I should have stayed away from....probably still has more downside. I always was good a catching falling knives....thank goodness for BAC, JPM, STON and SFL.