Still no news, yet on June 13 is was labled "Trade of the day" at Investor Place due to spike in Oil prices. Here is the recommendation:
"Today’s trade is in NuStar Energy L.P. (NS), a large-cap energy master limited partnership (MLP) that is in a strong uptrend thanks to the spike in oil prices and a general trend in capital flows towards dividend payers (NS has a hefty 7.3% yield). Here is my recommendation to take advantage of NuStar’s strength using call options.
Buy the NS Sep 65 Calls at 85 cents or lower (NS’s stock price closed Thursday at $60.25). After entry, take profits if the stock price hits $63.20 or the option price hits $1.60. Exit if the stock price closes below $59.60 or the option price closes below 60 cents. Note: This is a relatively thinly-traded option chain, so you may need to be patient to get established at my recommended entry. Avoid buying a large number of contracts at once to prevent wild price swings; instead, enter your orders in smaller lots of five or 10 contracts"
Stocks don't always follow logic.
Obviously, I did when the trend was continuing downward week after week with no news on horizon and some insider selling occurred. You have to stop the bleeding eventually.
The post was supposed to be a fun answer to madmax. Haven't you over years of investing had a stock that goes wrong for you?
How come only you and I think this?
Where the HELL IS EVERYONE ELSE????
Because after losing $1,000s on this piece of #$%$, I sold out last year. I missed the run-up and just bought back in 2 weeks ago...... I'm down $700 already!
Sentiment: Strong Sell
They have a very clean loss history for this type of hazardous business because of good Mgt. I sold all my holding at a nice profit and I'm right back in @ $70.5 as I start to rebuild my old position.
Your yield was 7.6%. Right now it's lower. You can't hold a stock based on yield at original purchase. If you are lucky enough to have a nice capital gain, you actual yield is lower and you might want to allocate some of your gains into a stock paying a higher yield. However EEP may increase it's dividend so it's your call.
Couldn't agree more and if ETE does not buy this Company someone like EPD will. This Company has alot of Nat Gas processing plants and thousand of miles of gathering and transmission pipelines. It's a jewel as a stand alone investment and a real potential acquistion by one of the big boys.
I can;t understand why anyone could say he's do a good job ANYWHERE! The rest of the World laughs at us...I meanit, I travel a lot and they think hes arrogant, weak, and STUPID
Got it and added to the list. I plan on reviewing the different good dividend stocks we've all talked about over the years here as individual investments but as stated I want a majority of good funds so I don't spend all day every day reviewing performance. THANK YOU!
$tagg, I guess we both gave away our ages. I pegged you at a very smart 35 to 45 year old. I've watched your picks an rotation in and out of certain dividend payers and have always been very impressed.
GABUX looks like a good fund to put in the pool. I know utilities are going to take a slapping if interest rates rise but I can't argue with the long term. Thank you!
I've been following your excellent posts (Stagg, Keebon, marklibera, etc) for years now and have maintained an account containing the usual cast of suspects SFL, PSEC, MEMP, EPD, SDRL, TGP, NGLS, NYCB, etc.)
I'm about to receive a fairly large rollover of and IRA because I'm retiring. I don't need the money now, but I will later because I'm helping 2 families that are down on their luck. I don't have time to manage this new account and I don't want to put it all in separate Stocks. I was thinking about low cost Mutual Funds such as Vanguard and I wanted exposure in North American Energy, Healthcare, and maybe Biomeds or Pharma Cos.
Do you folks have any exposure in this area and if so could you make some suggestions? I'm asking because as regular investing Folk, you guys really have you "stuff" together and I was hoping you could point me in the right direction.
Any suggestions would really be appreciated.
You don't tell the whole story. Tuscany withheld information or flat out lied and they are being sued as we speak. All his other picks (If you had followed them) including Tuscany would have you up over 150% in past 15 months. Not a bad record.
You are angry because he's made a second warning on HK. He was right the first time, time will tell on this latest call.
Next time tell the whole story, don't just pick one bad call from a well respected author.