Thanks, this morning Fidelity still showed the CFP shares, now those are gone and only CLM shares show up this afternoon.
You need to adapt your trading style, I have a bias for being long and that is what works best for me, however there are many that just trade on a short bias. I still trade from a long bias, but if the price is dropping, I look for a good entry point and then put a limit order in to sell at .32/share, this covers both the equivalent of what the quarterly dividend pays out (if your is just sitting there for 3 months), I take the equivalent of the quarterly dividends and rinse and repeat. I still hold some core Microsoft that I don't trade, and usually I keep now about $300K for buying lots in 1K increments as well as doing trading on other positions. It has taken me a while to adapt my trading style to reality, but no longer sticking my money into a position long term and then watching the value of those dollars go up and down, when they go down I would be thinking "man oh man, I should have sold and taken a profit, why was I so hesitant to sell when I knew better?" I am average about $1K to the upside everyday, but I don't short equities, just look for a good sell off and step in, I dont wait for the dollar runs anymore, taking the equivalent of the quarterly dividends means my money is parked about 80% of the time for less than 4-6 hours, about 10% of the time its parked a whole day, the other 10% of the time, its parked for 2 days now. Trading is about making profits, there is no guarantee that you park dollars for a long time that you will make any profit at all. I do have some other positions that generate monthly dividends, for June, and I am waiting on one last dividend to be paid, will put me for monthly dividends and share price appreciations on those at $17633.43 for the month of June 2015. My goal is to generate $35K per month on monthly dividends, I'll be over half way there by COB today.
I never said it wouldnt go back up, I should have clarified the $43 that I posted, should have posted that it would go under $44/share, which it already has this morning.
I am just trading for the amount of dividends at this point, think the selling off aint quite done yet and we will probably see a dip to $43 briefly, but it will be briefly today.
I am limited to how many shares that I can buy, not limited in cash but limiting my number of share to no more that 10K per any monthly dividend position, I can only buy another another 2010 shares, then my buying on ORC is done, will have hit my limit and stay leveraged in my holdings.
Will continue to buy these monthly dividends when they have a sell off, a dollar sell off or more, I stepped in and made 143% on my entry point, much greater than hanging around for the next month to get a dividend payout, just have to keep some powder dry to take advantage of opportunities when they present themselves.
I call that trading to make the equivalent of the quarterly dividend, imagine that, making on a profit on down day that you are celebrating - OH MY - OHHHHHHH MYYYYYYYYYYYYYYYY!
Hey doush - Microsoft's average quarterly profit margin from the beginning of 2009 till now is 26.66%, Apple's average quarterly profit margin for the same period has been 22.56% - Citigroup staff must be smoking something because profit margins don't lie, Microsoft makes a greater profit on their cost of doing business than Apple does, but I forgot, you dont know how to look at the actual number and are so willing to take stock on whatever flashy headline that is printed - OH MY!!
You are absolutely correct and spot on. The Confederate flag was part of a symbol that the slave transporter brought into the the Americas. Seems when the warring African tribes in Africa would capture other African tribes and march them down to the coat to sell them into slavery, the African Chiefs had hankies that were decorated in the shape of a confederate flag and would present these as gifts to the ship captains when the African Chiefs sold his captives. Over the years, this gift evolved into the shape of what it is today. The symbols, with the meaning lost over the years, actually represented a financial business plan that the African Chiefs were beginning to use for forecasting future revenue growth and profits by exporting product from Africa. Additionally over the years, the African Chiefs became very smart, give the ship captains that have the fastest ships in the supply chain preferential treatment in getting the best and largest quantities of slaves to market the fastest and strategically plan battles so attacks would only have to happen in a "just in time" fashion. By the late 1850s, the African Chiefs became very concerned about losing market share with their products, so they began to export their warring theology. Their most successful export of their theology was quickly adopted as the swastika became popular and seemed to resonate a cord with the German people and Adolph Hitler. The #$%$ dictator style of government, along with the Confederacy, actually started in Africa, I've also heard that the African Chiefs also had their fingers into creating the #$%$, so as to continue to punish those captured and sold into slavery for generation upon generation.
If you read the prospectus on PHK, all 93 pages plus Appendix A and B, you will know exactly how this fund does what it does.
Have you ever asked yourself why Microsoft is not including Blackberry in its "Microsoft software will run everywhere" paradyme under Nadella?
I used to be pretty good with Technical Analysis years ago but abandoned it when I came to the realization, you don't drive a car forward going 90 miles per hour by only looking in the rear view mirror, now I am concentrating on the dynamic of time to indicate how price moves. As far as patterns, those are up to how you want to interpret them. Abandoned Technical Analysis in 2005, but it doesn't that I have forgotten anything. If you look at the chart from a measured move perspective, $49.16 being the last highest high and $40.29 being the last lowest low, on a one year look see at Microsoft, when it does break to the upside, appears to be an $8.87 movement upwards. On the one year chart Microsoft is in what appears to be a flag, pennant, or wedge formation (however you want to interpret it) the appearance to me say those are bullish indications of a breakout to the upside. Appears, that to me, if Microsoft breaks out to the upside (like if it broke out at the current price level), I would be looking for a move up to around $54.50/share or there abouts. Where ever Microsoft breaks out from, would still look for a move of about $8.87 to the upside. A word of caution though, expecting a breakout to the upside could be false and it could always head south. You can do well with Technical Analysis but it is not 100% correct.
and Carl Icahn at some point will dump his Apple stock too, lets hope you think just as kindly of him when you see your core position nose dive.
That's my plan on trading Microsoft going forward, pull the trigger when the equivalent of the .31/share can be made. Staying long term to catch the dollar moves just means losing the opportunity to make more profits than waiting for the big moves. Surprising how quickly profits build. Microsoft is for all intent a trading stock, took me a while to finally change my trading approach.