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spinrbait

spinrbait
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AT, BAC, BBT, BP, COP, CVX, DIA, DUK, ED, EIX, EXC, FE, GE, JPM, KMI, KMP, KO, MMLP, PEP, POT, PPL, RDS.A, RDS.B, SO, T, TGT, TOT, WEC, WFC, WIN, WMT, XOM
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  • BP +2.2% premarket despite Libyan writeoff, less profit via trading arm [View news story]
    did they say anything about the commitment to the dividend?
    Jul 28, 2015. 11:26 AM | Likes Like |Link to Comment
  • BP profit falls on oil price slump, spill charge [View news story]
    the oil companies are up, including bp in the pre market. bp around 2%
    Jul 28, 2015. 07:39 AM | 2 Likes Like |Link to Comment
  • National Oilwell Varco: Q2 Earnings Could Be Hideous [View article]
    sbl and hal beat estimates. i'm guessing nov will too.
    Jul 26, 2015. 08:35 AM | 3 Likes Like |Link to Comment
  • ConocoPhillips Q2 Earnings Preview [View article]
    saudi arabia has massive spending programs just to keep their population from uprising. they have cut into their reserves, and last week issued bonds for the first time in i think 20 years. further, even though they have raised production levels, the amount they have sold on the market has not gone up. the saudi economy is using all of the increases in production they can produce. further, they are fighting in yemen, and that is not cheap.

    i do think they would like to cut. but if u.s. rigs are going to rush in and simply fill the gap, there would be no use in doing so.
    Jul 26, 2015. 08:28 AM | 1 Like Like |Link to Comment
  • ConocoPhillips: This 5% Yielder Is On Sale, And Here's Why You Should Care [View article]
    honeycomb888,
    My cost basis in cop was 70.00. i have whittled it down to 67.16. And my basis should have been 60. (like i said, i was a chicken).Tthis is after commissions. but scottrade only charges 7.00 a trade. heck, thats almost free.
    The reason i keep buying back into energy is the same reason i bought it in the first place. I had duke energy since 2008. i finally had my shares called away in nov, of last year. I did make a great deal of money on the shares. But that just meant a lot of cap gains tax. So duke would have to drop substantially for me to even buy back the same number of shares i had.
    However, at the time, energy companies had already had dramatic falls. The dividends were already much better than duk's. (i live off dividends, so can't drip). I actually felt fortunate, that i was able to get these energy stocks so cheap.

    i also felt that the other sectors in the market were at all time highs, while energy was at multi year lows. So, imo, other sectors had very limited upside potential, but enormous downside risk. However, since energy had already fallen 20% or more, it had limited downside risk, and greater upside potential.
    As the last 8 months have played out, i was wrong, i guess. But as i look back, i think my logic was sound and rational. i would do it again. Further, i continue investing in energy, because my rational in nov 14. is even more true today. There have been more stocks that have fallen. In fact, duk energy is probably 20% off its highs now. and southern co. has a 5% dividend. CAT is way down from just this past week. Sometimes it seems like we are in a market correction. But this time, the correction is taking stocks down 10% or more, one sector at a time. So its just not as apparent. I don't know if corrections have ever happened that way or not.
    As long as these companies, don't cut their dividends, everything will be fine for me. but i wish the saudi's would cut production. :). or at least start covering their shorts.
    Jul 25, 2015. 09:32 AM | 2 Likes Like |Link to Comment
  • ConocoPhillips Q2 Earnings Preview [View article]
    you are right about selling calls. i am doing the same thing. also, cop has had some really decent call premiums lately. but this can also be dangerous. if oil goes up abruptly, cop will go well past the strike price and may not come back down.
    so there is risk to this. but i cannot just sit there and watch it fall. i have to be proactive and try to cut my dca.
    Jul 25, 2015. 08:48 AM | Likes Like |Link to Comment
  • ConocoPhillips Q2 Earnings Preview [View article]
    i read a small article this week that said russia, or someone else, was meeting with saudi arabia either on the 24th, or the 31st. and they expected the saudi's to cut production. i only saw this once, and cannot remember where. but has anyone else see this?
    Jul 25, 2015. 08:45 AM | Likes Like |Link to Comment
  • Kinder Morgan: Why Not Take Advantage Of The Sell-Off And Buy This 5%+ Yielding Dividend Powerhouse? [View article]
    i agree, but yellen is bound and determined to raise at least 25 basis points the year, come hell or high water.
    but i think people get too wound up in her raising short term rates. the thing to keep your eye on is the 10 year treasury. it doesn't really care what the fed does. it market forces call for a rate rise, they will rise. which they already have been to some extent.
    Jul 22, 2015. 08:58 AM | Likes Like |Link to Comment
  • Kinder Morgan: Why Not Take Advantage Of The Sell-Off And Buy This 5%+ Yielding Dividend Powerhouse? [View article]
    what if it is in an ira?
    Jul 22, 2015. 08:55 AM | Likes Like |Link to Comment
  • Kinder Morgan: Why Not Take Advantage Of The Sell-Off And Buy This 5%+ Yielding Dividend Powerhouse? [View article]
    Rds.b. 6.5%
    Cop 5.2%
    Bp 6.2%
    Paa 6.9%
    So 5.2%
    Jul 20, 2015. 07:43 PM | 1 Like Like |Link to Comment
  • ConocoPhillips: This 5% Yielder Is On Sale, And Here's Why You Should Care [View article]
    d. gregory is right.
    my only difference is i am selling weekly calls. i try to go out 2 or 3 stops. mainly i want .22 a share. that rounds out to .20 after commissions. then you are knocking off .20 a share a week. it also gives you some breathing room if the stock bounces up. another thing, cop has been volital lately. if you have time, you can usually sell it every day, and buy it back cheaper. i have been knocking off .10-.20 a day doing this. had i been bolder, i could have knocked off several dollars a share off my price. but i was a chicken. for example, just yesterday, (friday 17th.) if you sold at the open, you could have bought it back about .70 a share cheaper in the first 5 minutes. thats a big deal when trying to lower your dca. do that 2 or 3 times, and you are in a whole new ball game.
    and if you mess, up, don't fret it too much. oil keeps steadily going lower, you will get your chance to buy it back cheaper in a day or two at most.
    the last thing to do is just sit there and watch as it drifts steadily lower.
    but i know how you feel. its tough right now. no doubt about it.

    another thing you can do, in a non tax deferred account, is to sell it. take the tax loss. just immediately by another energy company. for example bp, cvx, rds, xom. then you can keep up with the industry, and cop hopefully, while you wait. you have to stay out of cop for 31 days. then you can sell what you bought after you sold the cop, and buy the cop back if you want to.
    i did this with cvx. i bought cop after selling cvx. i can buy the cvx back now, but i am going to wait until after the cop ex date, or either the day before the cop ex date. the perfect scenario, would be to get the cop dividend, then sell it, take the cop tax loss, (since both cop, and cvx have come down). then buy the same number of cvx shares back, or possibly a few more, and get the cvx dividend. there really isn't a whole lot to lose doing this.
    Jul 18, 2015. 11:21 AM | 1 Like Like |Link to Comment
  • ConocoPhillips: This 5% Yielder Is On Sale, And Here's Why You Should Care [View article]
    my mom is in the dementia section of an assisted living. but is not nursing home. hers is 5,300 a month. if she didn't have long term care, i don't know what we would have done.
    Jul 17, 2015. 08:46 AM | 1 Like Like |Link to Comment
  • Kinder Morgan Did Not Disappoint [View article]
    are you saying kmi could go down 10%? and what would that be in dollars?
    thanks
    Jul 16, 2015. 09:09 AM | 1 Like Like |Link to Comment
  • Is AT&T The Best Covered Call Stock? [View article]
    but that is a risk if you buy T and don't sell calls. so at least if T goes down, if you sold calls on it, your cost basis would be 33.75 instead of 34.

    there is a big risk in selling covered calls however. using T as an example. if you bought T at 34.00 and it goes to 33.00, then you sell 33.50 strike calls. if the stock goes to 35.00 you only get 33.5. and may not even get your original 34.00 back.
    this happens more than you would think. its risky, yet very tempting to sell covered calls on a stock that you are in the red.
    Jul 13, 2015. 08:21 AM | 1 Like Like |Link to Comment
  • Is AT&T The Best Covered Call Stock? [View article]
    this is more or less what i do. but i rarely buy a stock outright anymore. i sell weekly puts on stocks i wouldn't mind holding. but i am more than happy just to collect the premiums. if i get assigned, i sell covered calls.
    one caveat. the vix has been so low for so many years, that with the recent spike in volatility, its a new paradigm. some of these strategies need to be considered in a different light.
    Jul 12, 2015. 11:11 AM | 3 Likes Like |Link to Comment
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