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Talking stocks, trading, and investing in general - Page 10

post #136 of 4946
Quote:
Originally Posted by Reevolving View Post
Sure it is, b/c if it goes to .07c, you just lost half your money (again)
Amateur mistake.
At least use your XPRT loss to offset other cap gains for 2011.

Nah, it is small timer trading (and in a roth IRA so no capital gains)...Paying the commission on the trade leaves me with a few dollars which literally isn't worth it. Might as well hold on and see if something happens.
post #137 of 4946
Quote:
Originally Posted by otc View Post
Nah, it is small timer trading (and in a roth IRA so no capital gains)...Paying the commission on the trade leaves me with a few dollars which literally isn't worth it. Might as well hold on and see if something happens.


I don't like the sound of this:

"The Company does not believe there will be any value remaining for the common stockholders after taking into account the expected net sale values of these transactions in the aggregate, and the use of the proceeds to fund payments to the Company's lenders and unsecured creditors."
post #138 of 4946
had some dividends from my blue chip holdings sitting in my account so decided to load up on XPRT and see if anything happens over 2011. Penny stocks represent like <2% of my portfolio but they tend to be the most fun and offer the best stories.
post #139 of 4946
Sprint is talking about a merger with T-Mobile and there is no SkinnyGoomba around?
post #140 of 4946
lol, interesting. Hope you own it. I do not. This explains what they were doing with all of that cash lying around What do you gangsters think of NLY, which is Annaly capital managment. BAC and WFC are treating me well today.
post #141 of 4946
Quote:
Originally Posted by SkinnyGoomba View Post
What do you gangsters think of NLY, which is Annaly capital managment.

I have owned AGNC which is pretty similar for about a year which has done quite well. NLY pays a slightly lower dividend but is larger and a little more diversified so less at risk of collapsing if their strategy dries up.
post #142 of 4946
My worry is that they will be squeezed as the interest rates rise.
post #143 of 4946
Quote:
Originally Posted by SkinnyGoomba View Post
My worry is that they will be squeezed as the interest rates rise.

It looks like the consensus ratings on both AGNC and NLY are both pretty strong buy. At one point I considered adding some NLY but ended up taking a broad REIT fund instead.

What I am trying to figure out...is what are these guys going to look like when they go bad? When interest rates rise, they won't be able to hold up their dividend so will the price crash and the yield stay high or will the price drop a few dollars but the yield fall to 4-5%?
post #144 of 4946
I'm with you on that on, I've tended to steer clear of them so far simply because of fears like that. One of my friends has been on a similar company (CIM) for a couple years, infact at this point the dividend has returned him enough that he's already been paid out his original investment.
post #145 of 4946
Wow BAC surprised me yesterday....now crank up that dividend dammit!!
post #146 of 4946
Quote:
Originally Posted by otc View Post
Lost it big on XPRT...

Was hoping for some different news before the details of the strategic alternatives came out (I am in the industry and couldn't accept their valuation...didn't expect the end result to be the company being broken into pieces).

At this point it isn't worth selling and I am gonna hold on just in case.

They're up to $0.33 today.
post #147 of 4946
Quote:
Originally Posted by SkinnyGoomba View Post
Wow BAC surprised me yesterday....now crank up that dividend dammit!!

Did you read the piece in the Journal about Moynihan asking the Fed to approve a "moderate" dividend increase for the second half of this year?

They expect an answer in a few weeks.
post #148 of 4946
Quote:
Originally Posted by Slopho View Post
Did you read the piece in the Journal about Moynihan asking the Fed to approve a "moderate" dividend increase for the second half of this year?

They expect an answer in a few weeks.

Yep, looking forward to the answer. I think alot of people are interested in seeing banks start cranking up the dividends.
post #149 of 4946
Quote:
Originally Posted by SkinnyGoomba View Post
lol, interesting.

Hope you own it. I do not. This explains what they were doing with all of that cash lying around

What do you gangsters think of NLY, which is Annaly capital managment.

BAC and WFC are treating me well today.


I have some money in NLY right now. I look at is as a short term place to park extra cash. As you're mentioned, interest rates will hurt it, along with all other REITs, but NLY has done pretty well in the past year, and I don't see interest rates going crazy any time too soon.

I also considered CIM, but chose against it since it's more volatile.

What else are you currently looking at, Skinny?
post #150 of 4946
Same reason I decided against CIM. One of my friends loves it, but he has a much higher risk tolerance than myself. I have a low risk tolerance when it comes to business models that have the ability to blow up when the tide changes, which CIM strikes me as.

I'm haunting the oil producers, but waiting for the prices to fall a bit. I've owned XOM and CVX since dec 2009 and they've done well for me, I bought them again during BP's mess. I paired down on them when they hit the recent high prices, I'm holding about half of what I held. I might return to them if these prices stablize. Probably RDS.A and COP instead of CVX/XOM since they pay out higher dividends.

I own basically just Grandma stocks, but venture out once in a while. How about yourself?
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