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View Poll Results: Action | |||
Call |
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30 | 63.83% |
Re-raise to 300 |
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14 | 29.79% |
Push |
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3 | 6.38% |
Voters: 47. You may not vote on this poll |
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#1
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[ QUOTE ]
Ouch! You can't be too happy about those puts right now! [/ QUOTE ] Understatement of the Day! I am long on most of my securities so my day was about a wash instead of a sizable increase. I had this brainstorm (AKA: Brainfart) that the extended GM talks would either breakdown or at the very least keep GM from going up, no such luck, my position tanked. I took my losses and went on looking for the next best thing. One thing I did do correctly was find CRBL on a stock screener run I made this weekend and picked some up yesterday, that softened the blow on my puts substantially. Ran another screener tonight and up popped ETM, I may pick up some but I hate radio stations, wouldn't even consider it without the high dividends. LOL Jimbo PS: In case anyone cares I am still long in MSFT CBRL NAT BAC and CAT. Sold my AUY and TTWO last week. |
#2
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Jim- a dividend is a lousy reason to buy a stock. I don't know ETM but popped into yahoo payout rate: 608% - seems sustainable. If you're stuck on using a stock tracker to make your decisions, at least filter for companies w high return on equity rather than high dividends ( you're just creating more taxes for yourself, instead of letting all of the companies earnings compound tax free)
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#3
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Thanks for the response meditate89 but dividends payed as a return on capital are taxed the same as long term gains so I dont see that as a downside. I rarely make my decisions soley by uisng a stock screener but have made a very large return so far this decade on the ones I chose to purchase. 100 times better than using a broker. Primarily I seek long term appreciation with the added benefit of dividrnds.
Jimbo |
#4
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I think the Fed cuts rates, the Fed is behind the curve by alot IMO. One rate cut doesn't matter that much, a series of cuts do though.
The statement: Inflation risk contained, downside risks to economic growth have increased, economic growth slowing but we don't see a recession on the horizon or some such. |
#5
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They should have held rates steady. This sub-prime thing is blown way out of proportion.
There is still plenty of credit to go around for those who actually deserve it. In the mean time, I will keep using 0% credit cards loans to my advantage though! [img]/images/graemlins/grin.gif[/img] |
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