Recent

% | $
Quotes you view appear here for quick access.

People's United Financial Inc. Message Board

skinz4q 220 posts  |  Last Activity: Aug 3, 2015 6:49 PM Member since: Dec 25, 2005
  • Reply to

    Unbelievable

    by dlw2244 Aug 3, 2015 4:16 PM
    skinz4q skinz4q Aug 3, 2015 6:49 PM Flag

    It's too late to sell, and too soon to buy. I've been saying that here for several months, and it's still true. The market is recognizing the reality of alternative energy as a real threat to the future of oil. Obama's initiative today was not the first, and it won't be the last, time we hear about it. You can deny the science all you want, but that won't change the facts. Good luck, and kiss goodbye to your money.

    BTW, I'm long MMP and EPD. Two of the biggest mistakes of my life.

  • Reply to

    Easy Come, Easy Go

    by skinz4q Jul 31, 2015 1:52 PM
    skinz4q skinz4q Aug 3, 2015 2:38 PM Flag

    Looks like a new low ($26.91) is in the cards. It's still too late to sell and too soon to buy.
    Alternative energy is becoming a fact of life, like it or not.

  • Reply to

    Dr. Frost

    by chuck_2_2000 Aug 1, 2015 7:53 PM
    skinz4q skinz4q Aug 2, 2015 7:18 AM Flag

    Frost seems to have stopped buying.

  • Reply to

    Easy Come, Easy Go

    by skinz4q Jul 31, 2015 1:52 PM
    skinz4q skinz4q Jul 31, 2015 3:35 PM Flag

    I've been DRIPing my distributions..... not a particularly smart move on my part. The developed world is moving away from fossil fuels for electric generation as wind, solar, geothermal, tidal and other "green" sources of energy gain favor. Europe is way ahead of us, but we're likely to follow their lead. I just got back from Scandinavia where wind turbines are almost as common as trees. Fifteen years ago there were none. The waters off Copenhagen are now covered with spinning wind turbines for as far as you can see. The sales tax on cars is 200% -- UNLESS you buy a "green" car like a Prius or a Leaf which has almost no sales tax. Do the math. Would you buy a Leaf for $30,000 or a similar size gasoline car for $100,000? (Those are real numbers.) It's scary.

  • EPD's disappointing quarter is taking a toll on MMP.

  • Is this another buying opportunity, or a last chance to bail out? The spike up at the close on Wednesday turned out to be a big sucker punch.

  • Reply to

    what am I not seeing?

    by kenwood031888 Jul 21, 2015 1:53 PM
    skinz4q skinz4q Jul 31, 2015 1:44 PM Flag

    I understand the planes, ships, trucks, etc., but electric power plants fired with fossil fuels will eventually go the way of the dinosaurs. Solar, wind, tidal. geothermal, etc. is getting a lot cheaper and will always be a lot cleaner. Wind turbines may be ugly, true. They may be proliferating in part due to tax incentives, but that's exactly what the tax incentives are intended for. They may be on standby much of the time, but they are often used to pick up the slack. Look out over the harbor in Copenhagen, and you'll see them for miles. Denmark has mandated that all electric power will be "green" within very few years. Large part of the country are already solely on wind generation. It won't all happen overnight, but it's coming sooner than you think. Take a trip to Europe and see for yourself. We're way behind the Europeans, but we're playing catchup. Not too many years ago, you never heard any mention of fuel economy in truck and car commercials. Now, that's what they all stress. I moved from a vehicle that got about 13 mpg to one that gets about 28 average and 36 highway. I'll never go back to a gas guzzler, and I'm not alone. You're right; we'll always need fossil fuels, but the demand is certain to decline ever faster as the technology improves and gets cheaper. Air pollution used to be a fact of life in many areas; now it's rare. By the way.... how's the temperature in WA these days?

  • Reply to

    Distributable cash flow

    by dossolasr Jul 30, 2015 11:44 AM
    skinz4q skinz4q Jul 31, 2015 11:06 AM Flag

    Motley Fool continues to be wrong on EPD. I foolishly started buying at $59 on their recommendation, and I regret it. I wish I never heard of Motley Fool or EPD. At the present rate, I probably won't live long enough to ever get back to even.

  • Reply to

    Yahoo chart for epd....

    by plat46 Jul 30, 2015 6:32 PM
    skinz4q skinz4q Jul 31, 2015 10:56 AM Flag

    Go to the NASDAQ or some other source for accurate information. Yahoo refuses to correct their (obvious) error, and they don't care.

    The correct 52-week low was $26.91.

  • Reply to

    up--AND HIGHER

    by lrskurtz Jul 28, 2015 1:38 PM
    skinz4q skinz4q Jul 31, 2015 9:42 AM Flag

    Good call. It's Friday, and AMGN is currently over $180.

  • Reply to

    Greed!

    by hedgecutter10 Jul 28, 2015 2:54 PM
    skinz4q skinz4q Jul 30, 2015 6:53 PM Flag

    You'll probably get a chance to buy it back, and you should. AMGN has been lagging the rest of the group and still has plenty of room to run.

  • The idiots at Yahoo got the split info right, for a change. They still show TWO splits of EPD last August 21st and 22nd, and they continue to refuse to correct the mistake.

  • Reply to

    EPD remains the

    by rpfla Jul 28, 2015 1:11 PM
    skinz4q skinz4q Jul 29, 2015 5:52 PM Flag

    EPD reports tomorrow morning. This one is critical. A beat could keep the ball rolling. A miss will probably cause a break to new lows. Whatever happens, I still think EPD is a (cautious) "buy" below $30. I'm sooooooo tired of seeing red! Meanwhile, MMP is enjoying a nice bounce. Let's hope it's not a dead cat doing the bouncing. It's a good sign when MMP and EPD go up in unison.

  • Reply to

    Prepare for Panic Buying

    by polygeo200 Jul 23, 2015 11:18 PM
    skinz4q skinz4q Jul 29, 2015 11:44 AM Flag

    You're being overly polite calling Cramer an "idiot." I can think of some much more descriptive terms, but the censor bot won't allow them. Whatever the reason for the horrendous sell-off in the MLPs, Cramer was recommending buying them MUCH higher. He then went silent as they plunged. That's typical Cramer.

  • Reply to

    up--AND HIGHER

    by lrskurtz Jul 28, 2015 1:38 PM
    skinz4q skinz4q Jul 29, 2015 11:24 AM Flag

    I meant to say that AMGN was (AND STILL IS) cheap relative..... I expect to see over $200 within the next 12 months. If a few of the promising new products in the pipeline turn into blockbusters, $300 is certainly not beyond possibility in a few years.

  • Reply to

    up--AND HIGHER

    by lrskurtz Jul 28, 2015 1:38 PM
    skinz4q skinz4q Jul 28, 2015 3:17 PM Flag

    Traded as low as $158 yesterday morning and now over $174 (new ALL-TIME high). AMGN was cheap relative to many other biotechs.

  • Reply to

    what am I not seeing?

    by kenwood031888 Jul 21, 2015 1:53 PM
    skinz4q skinz4q Jul 28, 2015 3:10 PM Flag

    Alternative energy is a lot more than just hot air. Go to Europe where wind turbines are as common as fleas on a wild rabbit. When I first started going there in 2000, there were none. Now there are tens of thousands of them. In Turkey, solar panels are required by law on any rooftop that gets sunlight. Parking lots have shade structures for cars that double as supports for thousands of solar panels. The Europeans are decades ahead of the U.S. in switching to alternative energy sources. That said, you're right about oil being an essential commodity for many more years. It's still the cheapest source of energy for most of the U.S. and can't be replaced for many purposes. Oil isn't going away anytime soon, but eventually........

  • Reply to

    EPD remains the

    by rpfla Jul 28, 2015 1:11 PM
    skinz4q skinz4q Jul 28, 2015 2:35 PM Flag

    The whole group was extremely oversold and overdue for a rally. I just hope it continues for longer than a few days and doesn't fizzle as it has in the recent past. Fundamentally, nothing has changed. If this signals a change in investor sentiment, there's a lot of room for the group to have a really nice run. I won't feel comfortable until EPD gets over $36 and MMP gets over $80.

  • skinz4q skinz4q Jul 27, 2015 7:58 PM Flag

    There are a FEW brokers that participate in the 5% discount DRIP, but mine is not one of them. I had to move my units over to Wells Fargo. I'll move them back to my regular brokerage if and when I sell, because Wells Fargo charges a horrendous, outrageous, obscene commission.

    I was under the false impression that buying "low" and participating in the DRIP would be a profitable move, but so far I'm down by about $75,000. That's even after a strong day today, but as the saying goes EVERY DOG HAS ITS DAY. I sure don't feel as if I've made out like a bandit.

  • Reply to

    Prepare for Panic Buying

    by polygeo200 Jul 23, 2015 11:18 PM
    skinz4q skinz4q Jul 24, 2015 10:53 AM Flag

    You're being rational. Unfortunately, the market is irrational. I fully agree that EPD, along with the rest of the group, appears to be way oversold. I suspect that we will not see anything reminiscent of "panic buying" to come in. Instead, I expect to see the selling gradually slow. If EPD and the rest of the group can form a sideways base for a few months, other rational investors will gradually see value and start buying. That would be far preferable to "panic buying" that is unlikely to be sustainable for very long. I'd be a buyer here, but very slowly and cautiously. I'd commit no more than 10% of my available funds at any one time and be prepared to pay up once the price stabilizes. When the present trend reverses, there will be plenty of time to jump aboard.

    That's my take.

PBCT
16.305+0.075(+0.46%)Aug 4 3:59 PMEDT