So you are going to sell knowing that you are selling below book and that the stock will run up a point or three or four all the way to exdiv.
You must have an outstanding alternate play in mind if selling agnc this low price is your best source of capital.
Do you think more announcements in the next week? A good CEO knows how to create a momentum push.
I worked for a company about this size in the 90's. My division had 60 people 45 of them chemists, only we did analytical chemistry projects and R&D support for drug companies. Three chemists could handle a million dollar production project in one year. The division made 750K per month when the less lucrative development projects were added in. , but they were necessary to get the production projects. Then top management replaced the guy who built our division, "to make us more efficient". the new policies were so draconian they lost all their top talent, which was their goal to cut labor cost, and then the monthly average fell to 350k and it took them years to recover. Pennystupid and pound foolish. I hope NetSol bends over backwards to keep top talent, it will make us money.
The participating analysts are working on it too with downgrades and tepid ambiguous media blurbs.
I think I will leverage up just before next week's presentation.
I packed my wifes IRA with ALKS when it dipped to 31.07 on the 20th. with june 31calls to match the long shares.
Notice the pattern now. Big spike up in the morning[every other day] with sustained all day drawdown. I never have the guts to trade it away on those morning spikes with the chance that it keeps going up like in april.
Nice sustained beatdown this afternoon.
I might sell some lower strike calls and leverage up to higher strikes.
This is a notion that is gaining usefulness in my scheme of things.
I sold in april at 68.and rotated to ALKS. At 62.xx I will consider getting back in if nothing else shows potential.
Ok, thanks. I just put my son's profits from trading NTI into this stock at 10.47, then of course they do a raid on it. I always hold through raids if the "news" is not bad enough to warrant the selling. It is amazing how many legs down the algo guys can push before the market runs out of sellers.
Hi, where can I find supporting information on a Saudi prospect? I am a skeptic right now but I like the information given by Zacks six months ago on the growth potential.
And thanks for hanging tough.
Hoto, [I placed this response here so it would appear at the top and not get lost in the minutiae below]
Just from your post below on the initial $3k purchase, this was a cheap lesson as they go.
A month ago I counseled the long holders to sell at 6.80, as that was a generous reprieve from where it is headed. Yet others did their best to confuse you claiming that this paid a good and sustainable dividend.(r.c et al) Your best chance now is to sell in the 5's because as the months go by this equity gets more attention as to the termination paradigm. That means there will be fewer and fewer people fooled by the lure and your chances of there being enough of a stampede into the stock becomes a diminishing asset. So you bought in July, that means you received the four payments for 2.232.
Now your basis is 8.77 Selling at 5.20, if it ever hits there again, will be a loss of 3.57 per share or a gross loss of [$3000/11 = 270] shares x 3.57 = about a thousand depending on penny particulars.
To make this back you need a 50% gainer.
You take the slow road and get that in three years, or gamble the fast road.
A good purchase right now is UAN. they just completed a plant turn around, a major holder did a non dilution offering so the price is as low as it will go. It is in a growth sector of agricultural and it pays a dividend in the 8- 10% region. Trading in the low 24's with a target of high 20's by august.
There are other good candidates out there. The highest dividends right now come from the refiners, but that situation is relatively volatile. and you do not have enough volume to trade in and out profitably unless you have a good online broker with low fees.
There are some good REITs to rotate into, NCT and NRZ will be paying in the 8% area and great potential for capital gains. They are in fast growth mode right now.
Stay out of large cap pharmaceutical. They have had an unjustifiable run thus no longer safe, and they will break your heart by this time next year.
It is amusing, and nearly conspiratorial that Reits have to obey different sentiments. Much more prone to fear and rumor than other sectors but tempered by high distribution of profits. I think there is a smokey room in which "they" get together and decide what the story will be this quarter to cause a big swing. No matter WHAT happens a negative case can be made, algorithm headfakes ensue and yet again retail holders with tender nerves get shaken out of their wealth, or buy a rocket because the sky is the limit.
Oh, yeah... I guess that paradigm is not special to reits.
That would represent a morning swoon on an average day.
Though I would never buy this stock, I think the revenue birds will carry it green by the close.
I must have come to the right place. As an eight year old I observed that my uncles and cousins never got ill, but our family was always sick. Then I observed that their houses were not so pristine and antiseptic as ours. They were also expected to work in the dirt, and in our house that was something that those other people do. Then my thought was "Maybe dirt keeps us on fire and resistant to infection". That is when I wanted to be a farmer. Man, it puts really good food on the table too.[drool]
I kept it to myself because I knew such thinking was heresy and subject to ridicule in the royal court.
Seven years later my parents became organic farmers. All I had to do was think it, and it made its way in.
It looks like they have a hometown boy going to the big leagues. 9070 and or 5461
Investor business daily keeps iterating their wet blanket headlines. They must be representing an investor who needs the price tempered for a while.
Have not been here for a while. I have made money both ways on crm but this time I did not have a sense on market sentiment so I stayed away.
The report is not visible yet, but afterhours it is diving.