They just announced they are raising the pay out 10%. and net asset value is over $33 a share so we should see a bump up here.
I hope your right. I need to make some money. I think this market is overvalued and I shorted the S&P and will need to cover. I guess I was a little early. Hopefully BABA will make up for some of it.
I keep thinking this market is overvalued and shorted the S&P OUCH! but it just keeps going.. I want a correction so I can add to things like UTG at bargain prices.
Did anybody buy this in 2009 around $10 bucks? I'm just curious as to what the dividend was back then. Who ever bought it on that pull back is doing very very well. If we have another like that I plan on loading the boat even though I already have quite a bit of my portfolio in this now.
Well I hope so I bought this much higher on a rec from a investment letter and I'm down about $3 bucks.
I would like to know that to because I get a email everyday about this $4 stock that will make you rich but it has dropped everyday since I started getting it weeks ago. I tried to sell some puts to take a position but I couldn't find any worth it. I have read some other opinions and they think Moors numbers are pie in the sky. has anybody had any luck with his ideas?
That was and is a concern of mine and is what stopped me from buying this. Only time will tell.
It might be long term. I'm getting where I hate to touch anything at this point. I got hammered for well over 6 figures in the last month. I'm trying to keep a large cash position for the coming correction and I'm tired of catching these falling anvils...lol good luck though.
Looks interesting. Hell if you could catch a couple of dividends it would pay for the stock...lol
I got out about $23 and put it NOV thinking it was near a low and just took a 10% haircut on that today and got out. I'm not riding things for more than a 10% loss if they hit 10% down I'm out. I'm thinking the whole market is about correct. I have traded SPXU a couple of times in the last two months and I'm 1 for 1 on it. I'm thinking about buying it again and have a order to sell some puts on it if the market pops up again.. We are due for a correction. All the analyst say the markets going higher yada yada yada...
I'm not sure how they figure 55% of the float is short when there are only 8 million short and 37 million in the float.
At this rate the stock will be trading at what they used to be paying for the dividend. I lost a small fortune on this but glad I took the hit when I did. I will be looking to buy back in at $4.00 but with oil possibly going to $30 or less and with all their debt I'm not even sure about that. Scary times ahead with the market also on the verge of a big correction don't think it couldn't hit $4 or even less.