CEO to be on Cramer tonight. I am long 1000 at 26.78. I will probably hold it until Monday very early or may sell it out in the after-hours. I am hoping for a move over 27.00. This is just for a trade and not a buy and hold.
Thanks Davis. I hope to see you in October for lunch, etc. I will be coming in for about 5 days as my younger daughter is giving birth[ It's a boy. Her first child, a girl, was born on 11/11/11.
I think it was about 20 Tuesday's in a row that the Dow was up.
For the last 3 weeks I have been selling out pfrd shares. They really have got hit. I gave up a good 6 % of my gains on what I sold. I am still holding some pfrds, including RAS pfrd -A. Any pfrd not yielding at least 6.25 % has been sold. I did hedge off with TBT and RYJUX. I am still short-term trading and having fun. Good luck to everyone. I am waiting to buy MAIN after they announce the next offer and it may be available in the 25-26 area by that time.
I bought on 5/9 at 8.54. I am looking for a 50-60 % gain over the next 2-3 years. I bought it as a hedge against my bond and pfrd positions in my IRAs. . I also buy TBT but I use that only as a trading vehicle as it has large moves and I only trade it in my trading accounts on a very short-term basis.
Main Street Capital MAIN. It is my opinion they will be doing an offering in late June. It has been very profitable to buy after the offering is announced, for the last few years. The stock in the 28-28.50 area or better would be a really good price. The company pays a monthly divy of 15.5 cents and the current yield is about 6.35 %. My intention is to buy on the offering on a nice drop at whatever price under 29.25 and to then sell out with a 2.00-2.50 point per share profit in about 4-6 weeks after the announcement, as I have done more than a few times. The stock is about 29.35 today. It is a business development corporation stock.
Going back about 25 years, when the Dow is 1900-2000 points above or below its 200 day moving average, that is a sign that the overvalued or undervalued situation is going to correct or rally.
At this point the Dow is about 15, 354 and the 200 day moving average is about 13.900. So the Dow is about 1,634 points over the 200 day moving average. It is possible in a couple of weeks the Dow will enter the extreme overbought area, and at that time I will buy a downward ETF . As I said, this indicator has been 100 % accurate for 25 years. That does not mean it will work again, but the odds are that it will be a good time to act.
I am basing my numbers on a Friday close and that is where the official stats will be relevant. Remember that the 200 day moving average and the Dow changes everyday so you need to keep up with the current average to get a true signal.
When It was clear Obama was taking over part of the Cramer show, I sold out in after-hours at 8.95. That was a bad break. Cramer re-arranged his show and cut out 20 minutes and NAT never was mentioned. I made a few bucks on the trade. Bad luck on this one.
Downside over-reaction. I bought today at 14.21 and expect this stock to trade over 15 again in the near-term. At about 11 times earnings the stock has fully discounted the poor earnings. Management is making changes to insure a good earnings comeback in 2015.
Most of us knew this was coming, but we did not know the timing. For those who are under-invested in RAS you may find this will produce a good buying opportunity.