It's all figured out for us on the brokerage tax statement and with turbo tax, easy peezy.
Professionals buying stock and writing covered calls makes good money (and sense) if your sector is up with big demand or if you have a well diversified list of stocks. ETY for example holds many different types of stocks and writes covered calls. It is doing much better than GGN. In fact the entire Eaton Vance line of CLF's writing covered calls is doing okay. When Energy and PM returns to favor then GGN will also.
Investors like the tax advantages on this particular yield.
You'll have to wait a whole month, oooooo. The ex-d of these monthly payers isn't a real trade. Just buy and hold whenever you see these type dips, don't fret over ex-d.
I voted [submit], essentially yes, with my ##K shares. While I understand the fear of dilution, the vote authorizes the directors to sell shares to raise capital, not that they will (they are shareholders too). A [submit] (yes) vote gives authority to the board to raise more capital via equity, and not to paralyze them. This authority actually will give [us] better loan rates and terms to borrow money to fund investments. Equity dilution is a last resort, but lenders like to see it available as a back up. Want to generate more great income? Then think about voting [submit] yes.
Maybe an opportunity to try catching a falling knife. Seems like a big problem even if the lawsuit has no merit. These 'eco-friendly' developments start with a faulty idea and try to market themselves to 'eco-nuts'. So best outcome is MCC avoids a 300 million dollar loss by lawsuit and ends up with land, worth how much we don't know.
The word 'sustainability' has the ring of environmentalism. Most oil investors dislike the word's connotation. Isn't it time we use another word. 'Longevity' maybe?
Yes. That was my first panic reaction. It took a minute to realize they don't need to dilute the stock anymore. It's a good thing, load up, it is screaming BUY.
Sentiment: Strong Buy
Hedgies pulled nat gas down so they could get a great futures price before the ice age returns; time is running out as the trade has to reverse BEFORE the cold settles in for a long winter. October pop anyone?
I sold both on July 1st and never looked back, until today. What a difference 2 months make. I can't say I fared any better where I took my money, okay maybe a little better if you count divy, but I never thought the 2 would fall this hard. It's interesting that the market index does okay but 40% of stocks suck wind.
It seems to be all about the dollar. Compare the dollar index to PGH and OIH.
June '13 Dollar 84.50 PGH 5.22 OIH 42.97
Sept '13 Dollar 79.00 PGH 6.48 OIH 50.75
Sept '14 Dollar 84.50 PGH 5.85 OIH 52.06
Here we can see a high Dollar with a low PGH and OIH; then a low Dollar with a high PGH and OIH; but then a high Dollar with a low PGH but OIH does not go down. The disconnect points to the Dollar as a factor.
And we all thought it was about oil. (Of course, by 'we all' this phrase must exempt the post movement, all knowing, ostentatious, self important poster who we all are anxiously waiting to know from when to buy PGH.)
; ^ Q
Sometimes a stock like this gets very over-sold for disconnected unreal reasons. The strong money buys down there. Then the cycle reverses and it gets very over-bought, the weak money buys and the smart money sells there. Those of us in the middle just get taken for a ride and post notes on this board to vent.
Good technical support at 20.75 (the 200 day moving average) PPS took a nice bounce after testing a 20.50 interday low, finished today at 20.93 a good sign for short term longs stay on board for the next leg up into the winter season