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  • Update: Despite A Turnaround, Response Genetics Faces Nasdaq Delisting [View article]
    Christopher:

    I do own RGDX, but fortunately in this biotech, I have a very small investment. I did not take the bait to add on good news, because I did expect it to fall further amidst the potential of an RS and huge dilution at cheap prices. The market has been broadcasting that sentiment.

    The track record for reverse splits is to fall even more after the split. For example, if a 10 for 1 increases the share price to $3, the price will likely fall to $2 very quickly. For those who hold on, that near bottom sometime after the RS will be the time to buy and not before.

    Question: Isn't CYTX in much the same boat with Nasdaq?
    Dec 26, 2014. 03:42 PM | Likes Like |Link to Comment
  • Don't Worry About Missing The Bottom [View article]
    I bought KMI at an average of $38.49 and also added some KMR at $95.383 (equal to KMI at $38.385), My objective was to double my original KMR at a much cheaper cost basis. That leaves me with average unit cost for all shares at $23.84.

    I would like to buy some more KMI now that is it beginning to break out over $40. But somehow I think that sometime over next 12 months KMI will likely trade between $35 and $38.50- due to oil price declines to a bottom for oil prices or something else like an overall market correction that takes everything down. But if not, I have enough KMI shares now.
    Dec 26, 2014. 03:26 PM | Likes Like |Link to Comment
  • Is It Better To Invest All At Once In A Lump Sum, Or Little By Little Over Time (By Dollar Cost Averaging)? [View article]
    Chris:

    I knew you were going to say that. And I knew I would disagree.

    I think it depends on the market. Right now the market is overvalued at least by 2-3% and a market correction is anticipated. This market is also very volatile.

    So today you put a lump sum in a broad market index at the current high value. Then the market corrects one or more times down 10% and it takes 2 years to recover to today's value.

    In my IRA's, I just converted energy funds to cash. I plan to open minimum balances in biotech, tech, and healthcare funds- high returns but also volatile. Then I will dollar cost average in over about 12-18 months by automatic purchases twice per month. When I see drops in share price, I will add more.

    I think this is better protection from big losses.
    Dec 25, 2014. 11:27 AM | 2 Likes Like |Link to Comment
  • Collapsing Oil Price Leads To Excessive Sell-Off In Prosafe SE [View article]
    PRSEY has fallen over 50% since I bought it.

    No recovery any time soon.

    First, oil prices must recover.
    Second, drillers must recover with higher day rates.
    Lastly, PRSEY will recover.
    Dec 25, 2014. 11:13 AM | Likes Like |Link to Comment
  • Remember Folks, Lower Oil Prices Lead To Higher Oil Prices [View article]
    I have heard that in the time period of late Feb./Mar. to early April, many refineries will go off line which will increase the inventory of oil supply and cause prices to dip to a range of $35-$45, averaging $40.

    Seems to me that waiting for lower lows and/or more clarity could be a wise move.
    Dec 25, 2014. 10:57 AM | 1 Like Like |Link to Comment
  • An Outlook For African Oil Investment [View article]
    I own a small position in TAIPF in Kenya.

    But I would not put any new money there until the oil price recovers.
    Dec 25, 2014. 10:47 AM | Likes Like |Link to Comment
  • How To Identify The Bottom Of The Oil Market [View article]
    And on the other hand:

    It is said that in the time period of late Feb./Mar. to early April, many refineries will be off line and supply inventories will increase even more leading to a price decline to about $40 (range of $35-$45).

    I think it may be too soon to be calling a bottom in oil prices.
    Dec 25, 2014. 10:42 AM | 10 Likes Like |Link to Comment
  • Seadrill Risks Highlighted By Goldman Sachs [View article]
    Anthony:

    I have heard GS is buying SDRL. Did GS disclose their position as buyer or how much they own?

    This would not be the first time of analyst downgrade so they can buy cheap shares.
    Dec 24, 2014. 05:16 PM | Likes Like |Link to Comment
  • Brad Thomas Positions For 2015: Attractive Opportunities Present Themselves In REITs [View article]
    Brad:

    Thanks for article and Merry Christmas.

    My issue is that I am seeking higher yield than the safest you mentioned. I hold WMC, MORL, ORC, NYMT, AGNC, and MITT, which is more names than I have held in past; although I am not big in any one.

    I have not yet decided if I should sell all before Fed increases rates or just ride it out as I expect Fed increases to be gradual.
    Dec 24, 2014. 12:56 PM | 1 Like Like |Link to Comment
  • Top 10 BDC Issues For 2015: Part 2 [View article]
    Buzz:

    TICC is the only BDC I own right now. As my original purchase in Oct. 2008 was at $2.93, I recently doubled at $7.60 which still gives me a yield of 22% with average unit cost of $5.27.
    Dec 24, 2014. 12:41 PM | Likes Like |Link to Comment
  • Prospect Capital And The Cat And Mouse Game [View article]
    William:

    I did sell PSEC in August at a small loss under 1% because I expected the share price to fall.

    I have considered buying again under $8, but not more. At $8, the yield is 12.5%.

    But your article will make me reconsider.

    Thanks.
    Dec 24, 2014. 10:37 AM | 1 Like Like |Link to Comment
  • When Will Seadrill Ltd. Reinstate Its Dividend? [View article]
    Mark_A:

    I and I am sure others, disagree with you.

    SDRL "committed" to paying the current dividend through 2015 and for "the foreseeable future.". Their statement was less than a "promise", but certainly more than a "projection". If SDRL had any reason for doubt, they certainly misled shareholders for purposes of maintaining positive interest in their stock.

    For this reason, I believe class action lawsuits against SDRL are valid. The success of a class action requires certification by a judge and a settlement agreement, not legal proof as they never go to trial. Although settlements are big for the lawyers and small for shareholders, whatever shareholders receive is bigger than the dividend.

    As for when will SDRL pay a dividend again, waiting for 3 years or more, might as well be never.

    If the SDRL share price gets cheap enough where I see a near bottom, I will double down and wait for an increase to my breakeven, where I will likely sell and never look back. As Casey says that may take 3 years.
    Dec 24, 2014. 09:47 AM | 9 Likes Like |Link to Comment
  • Kinder Morgan Inc.: The Exxon Of Pipelines [View article]
    Adventureworldwide:

    Every article I have read about Mexico's plans for foreign investment includes some comment about expanding pipelines throughout all of Mexico.

    KM's backlog list mentions that Mexico expansion is not included in the backlog.

    Right now, I am not certain if KM is only interested in pipelines that cross the border or are actually interested in the interior of Mexico. If KM wishes to participate, it could be huge.

    One major factor in Mexico is security. Many foreign oil companies like the offshore but not the land based operations due to the risk of the Mexican gangs.
    Dec 23, 2014. 08:23 PM | 6 Likes Like |Link to Comment
  • Statoil: U.S. Shale Overview And Company Update [View article]
    I have owned STO for years and most of that time it has disappointed. At my cost, my yield is 3.92%- better than the bank but nothing to write home about.

    This does not consider that STO may cut their dividend due to lower oil prices.
    Dec 23, 2014. 12:16 PM | 2 Likes Like |Link to Comment
  • My Predictions For 2015 - Part I [View article]
    The government is very bad at distinguishing the deserving needy from the fraudsters. That goes for all Federal programs, as well as most state programs. The Democrat fix is to not end the fraud, but to increase spending so there is enough money for the deserving and the fraudsters.
    Dec 23, 2014. 11:09 AM | 8 Likes Like |Link to Comment
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