Investors....come in please!

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Originally Posted By: Pablo
I'm picking up some FCG at these levels.

Some other bargains as well.


Not a bad move in my opinion.

I was busy scaling out of my shorts today. Sold off most of my FAZ and EEV as S&P hit resistance at 820. I love FAZ. 78% in one week. Greatest invention EVER.
 
Originally Posted By: salesrep
The next 3-6 months is buying time.


Now that time frame is almost right. But it's still a 70s type market and might be for a few more years.

"THE" big low is still out there. :)

Be back later this year, maybe.

GL
 
Actually, I've learned over the last year that the combination of huge volatility and leveraged investments can be a very very good friend. Love this trading environment though I hate the situation for the economy.
 
Yep. I've got multiple stop losses to scale out of my shorts between 760 down to 745. I'm also scaling out of GLD because the downside risk is looking unappetizing.
 
I pulled the trigger. In and OUT. See the day trader thread.
This one came in today as well:
Code:
04/30/2009 DIVIDEND RECEIVED

PFO FLAHERTY & CRUMRINE PFD INCOME OPPORTUN

Cash Amount: $525.00
 
still buying and selling PFO, eh? Just holding long enough to get the div?

They took a good beating sometime back, though everyone else did also... May be a good deal, Ill have to look at them again, and PFD.
 
still buying and selling PFO, eh? Just holding long enough to get the div?

They took a good beating sometime back, though everyone else did also... May be a good deal, Ill have to look at them again, and PFD.
 
I bought too, somewhere around $3, but I didnt pay enough attention to what I had there previously... which took a good slide from $7 or so, IIRC.

I may be breaking even... again, as March was a bit scary. but I havent watched PFO close enough over the last year or so.

Perhaps stupidly, Ive ignored some of the good yielders that I have had a while, in the interest of chasing other new deals...
 
I was avoiding most everything when the [censored] was flying. But when PFO put the div on a short lease, and the stock plummented, I went in.

For # of shares I'm currently holding do the math, $525 is my monthly dividend. It's been pretty good to me, so I haven't been trading in and out.
 
Originally Posted By: cmhj
Originally Posted By: salesrep
The next 3-6 months is buying time.


Now that time frame is almost right. But it's still a 70s type market and might be for a few more years.

"THE" big low is still out there. :)

Be back later this year, maybe.

GL


I'm with you on that.
 
I hear you.

Any lower gold I'm soon a buyer.

JHZR2 - Another one I backed the truck up on was HSA under 0.75. These things take guts, but when they pay you monthly....what are you gonna do?
LOL.gif
 
I actually held the precursor to HSA for a while, and pulled in some dividends from it... but got too scared, and dropped it fortunately. HSA is at what? 20%? Likely worth buying on dips now...
 
Yeah I held 100 shares of the precursor as well, when it did the nosedive. It was such a small amount of dollars, I wasn't losing any siesta time over it. Then went in and started bouncing on the bottom, I said to myself, maybe worth the risk, so I bought 16,000 shares over time. My contribution as a greedy, bond holding out kinda [censored] that I am.

But didn't Old Mope originally recommend it???
 
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