Cut Dividends, Broken Spin-off promises
You didn't need to short AAPL at 126.35. You could have just written me a check. I would have made sure to take your money without going through a broker. Remember, you moron, you just shorted AAPL going into earnings with a new device on sale world-wide. Thank God for you people who have money to burn. I love it.
I pretty much new something was up when Kain took steps to differentiate MTGE from AGNC. AGNC went to monthly divi. MTGE stayed the same. 2 Quarterly reports ago it was clear to me that revenue was not going to support the .65 dividend and the outlook was bleak because of the potential for higher short term rates. Now, the MTGE preferred pays a higher dividend than the common stock does.
I don't know why Kain doesn't try to sell MTGE to another firm. Maybe he has tried to do so. Anyway, several months ago I bought the Mar 20, 2015, $22.50 puts. So I am out of here effective today. I still hold the MTGE cumulative preferred stock. They can't screw with that unless the company sinks.
Lower Crude Prices, Lower Divi, California injection wells shut down, I just cashed my put spreads, short calls, and stock. The rest of you guys can enjoy the sleigh ride down. Good Luck! Oil is going further down. At 40 or under, maybe I'll get back in. See ya!
Hillary, you know that you can have more than one email account with one device. I can't believe no one challenged her on that. "Convenience" is a lie and an excuse.
I just really reject the logic of how this merger was executed. Execute a merger and have your stock go down by 18%? The only consolation that I have is the fact that Kelcy's stock has gone down too. I really think that they could have executed this merger in a way that didn't penalize their shareholders who have stuck by this company during a period when there were no distribution increases. Shareholders are receiving pennies in distribution increases while their capital investment sheds 18%. I just have a feeling that this company is a guppy trying to swallow a whale.
Just Sold Apr 60-65 Call spreads to partially counteract Kelcy's lousy capital planning. This stock is a falling knife since announcing the Regency merger. I am holding on but selling the #$%$ out of calls and call spreads. Will start selling shares if this anchor doesn't start to float.