BUM
Thinks s/he gets paid by the post
I unloaded my EXM Friday at the close. Why did I sell it, dunno. I don't remember why I bought it. Definitely hormonal. Not gonna do that anymore... and this time I mean it.
Uh oh. I hate to admit it, but I was watching Cramer tonight and someone called in and asked about EGLE. He admitted that he made a mistake by not recommending the stock and now says the stock has further to run.
Signal to sell?
Curious brewer? DSX has given me a good %age in cash and runup. Do you think there are other cash-flow plays that can beat 10%? If they keep the money coming, I really don't care about the price increasing.
In the meantime, the junk bond market has been selling off, so there are more plausible high yielding opportunities. The equity market has also thrown retail banks and mortgage financiers out the window.
Throw us a few bones when you move in this direction.
To make it real simple, KRE is a retail bank etf that would be ideal for this sort of thing. Other than that, just look at the top 10 mortgage lenders and pick ones that are more-or less pure plays.
Hey, for once we both timed it right. I read Fidelity's summary before I saw your post and ended up at $24.58/share.Blew out my EGLE shares at $24.50 and let the options go, too. Too much to resist today. I'm pretty sure I can say that this has been profitable enough that I won't have buyer's remorse, even though I think I can still claim the title of "king of selling too (%&!&$# early."
I think I'll pass on that one. In fact my next question is why I'm still holding Diana Shipping, up "only" 3% today and 42% in the three months since purchase.Of course, the moment they knock the share price down with another secondary offering, yours truly will be panting and drooling to buy stock and/or call options.
I think I'll pass on that one. In fact my next question is why I'm still holding Diana Shipping, up "only" 3% today and 42% in the three months since purchase.
I agree with your logic. Having said that, I just found the answer to be personally irresistibly compelling at $25.45/share...Having said that, I will be seriously thinking about dumping my DSX shares if the stock gets over 26. Can always re-load (likely with call options) when they do the next secondary.
This industry will overbuild, no question. I have enjoyed the ride upward, but I do not want to be holding the bag when supply eventually overwhelms demand.
Still holding Intel, SUP, and Tate & Lyle. Who's next?
On selling EGLE ...Way to go guys! What a run! I was all set to post a snippy retort reminding you Brewer that you were going to sell when s o m e d a y EGLE should hit $25. Well here it is and you pulled the trigger. I was busy all day and just now saw the day's activity.
I'll sell off what I have left this week, if not tomorrow
What do we do for an encore? Just relax and be happy?...nah.
Think about KRE. Retail banks are the cheapest they have been in years (maybe a decade?). KRE is a retail bank ETF. That way you would avoid single name risk and still take advantage of the sector. You could pick out individual names as well, but the whole sector is so cheap that I think the ETF is not a bad way to go.
Also looking at junk bonds, but in no rush. Currently junk derivatives have blown out wider than the cash bonds, so either the derivatives are over-reacting, or the bonds will be selling off soon. Not so sure which is which, and since their will be LBOs that blow up in spectacular fashion some time in the next few years, there will be plenty of opportunities to buy junk on the cheap, I suspect.
Well, I'm impressed. That is one sucky bunch of beaten-down banks, an ETF not even its mother could love. And paying almost a 5% dividend on a 0.35% expense ratio, too! How many utilities or other sector ETFs can make that claim?Think about KRE. Retail banks are the cheapest they have been in years (maybe a decade?). KRE is a retail bank ETF. That way you would avoid single name risk and still take advantage of the sector. You could pick out individual names as well, but the whole sector is so cheap that I think the ETF is not a bad way to go.
AFN needs pumping up, not that I have any interest in it.
And paying almost a 5% dividend on a 0.35% expense ratio, too!
Brewer's done a very good job of finding my weak spot-- a basket of undervalued stocks...Anyway, I like the looks of this ETF. I've reviewed a lot of smaller banks in the last six months, so about half of these companies are familiar to me and most seem like pretty good buys.
All of my DSX profits were short-term, and how, but they were generated by liquidating a Nortel position.Just blasted out 2/3 of my DSX at 25.95. Hanging onto the last 500 shares until 8/16, since that is where they go LT.
All of my DSX profits were short-term, and how, but they were generated by liquidating a Nortel position.
I'm still smiling.