Got stopped out of STON when they were trashed by Seeking Alpha.....got GLOPPED and KNOPPED before...will not buy either until the dust settles....looks like KNOP has settled down nicely...I am in over 50% cash now, with the rest in BAC, SFL, and NRZ and to a lessor extent, AI, JPM, OXY, AEG and UAN.....this market wants to go down, and that could be a runaway train, IMO....waiting for the Fed to s#$T or get off the pot, and the second shoe to fall with China devaluing their currency again.....DEFLATION is an ugly word....the only safe place for significant deflation is to be cash...not even gold will save you....the safest place to be is the US Dollar right now.
APPL, FB, techs taking a beating.....GLTA.
Bought more today....this is a steal under 6.00.....no matter how bad this company is run, someone will recognize the BV, and assets selling well below what they are worth and scoop them up....higher interest rates coming in the US should benefit their portfolio.
More red ink....even BAC and JPM are getting hit, even though its obvious to anyone with a brain that both these banks will be much better off with higher interest rates....this tells me that selling is indiscriminate....those selling want out of the market, not out of particular stocks. If I only had the guts to hold onto TVIX or SDS....I am never on the right side of that trade....oh well....the next two weeks will surely be an adventure....have a great holiday all....
I'm with you STAGG....China will devalue again, and the EU will continue with their stimulus, leaving only the US in tightening mode....an even stronger dollar is upon us, even without the Fed increasing rates....they should not even consider it until Dec, but I think they have already waited too long, and will increase in Sept....when this happens, stocks go down and we lose money. Its not the amount of increase, probably .25 basis points. I would rather they go .50 and get it over with....but its the perception of tightening that will hurt the most....it will signal that the free money party is over....this wild ride is not over....buy more BAC and JPM....big banks love higher interest rates! HEDJ is also a good one....it goes up when the dollar rises and the EURO falls....pretty good bets going forward IMO.
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.