Seeking Alpha

Firehawk734

Firehawk734
Send Message
View as an RSS Feed
View Firehawk734's Comments BY TICKER:
Latest  |  Highest rated
  • I Would Avoid Pioneer High Income Trust At The Present Time [View article]
    while i hate the divy cut, must give credit to the author for being timely on the warning
    Feb 5, 2015. 10:12 PM | 3 Likes Like |Link to Comment
  • GGN: Now Could Be A Good Time To Pick This High Yielder Up [View article]
    Because it went to hell when gold sold off. I'd take slow and steadily, as long as it heads north.
    Jan 9, 2015. 06:55 PM | Likes Like |Link to Comment
  • GGN: Now Could Be A Good Time To Pick This High Yielder Up [View article]
    First, I'm glad to see I'm not the only one trapped and that others are willing to admit it. Sort of a therapy session. I'm holding on, and I wish everyone else the same luck.

    Hi Reuben,

    I will add my pic eventually, and change my name. Your article was a good one, I'm just annoyed with the fund. Pardon my annoyance LOL.

    I would look forward to reading additional articles you write on this and other CEFs.

    I bought funds not just to reinvest the dividends, but for the income. I like having my money earn something and then paying down my personal debts with that income.

    I wish I had more faith in this management. Hopefully when gold/oil come back, this one will go back to the moon. The last time it was at 11ish or so, I was almost broke even with dividends included. But since then I haven't even wanted to look at my spreadsheet lol. But what a shame that I had to hold on for 4 years and I'm still down.
    Jan 9, 2015. 06:53 AM | 5 Likes Like |Link to Comment
  • GGN: Now Could Be A Good Time To Pick This High Yielder Up [View article]
    Hi Reuben, frankly I found your article annoying, even though I appreciate someone is still covering this fund. No offense.

    But, I have an average of 16/share, and I've been holding since it was paying 14 cents, then was cut to 12, then was cut to 9, and now is currently at 7 cents. I can appreciate that it still has a high percentage dividend after yet another cut relative to share price at 7 cents, but for those who held on, the capital loss has more than offset 4 years of dividends, and I don't like losing money. So, before any cut I was earning 10.5%, and now I'm earning 5%, which isn't exactly thrilling. I hate it when people mention the 'still attractive dividend' after a cut, because it's only attractive to new investors, not ones who are still holding at a much higher price with capital losses.

    My aggravation with this fund is that they state they make their money from volatility in trading options. There's been nothing but heavy volatility in this sector, and yet the fund share price has been more than cut in half over the past few years.

    Not trying to get on your case, I'm just highly annoyed with the performance of this fund. I understand the underlying assets it owns, however, with the volatility that these types of assets have seen, this fund should be making plenty of money, and apparently they aren't.

    But like I said, glad someone else is paying attention to it other than George and me.
    Jan 7, 2015. 06:10 PM | 19 Likes Like |Link to Comment
  • About Linn's Big Dividend Cut [View article]
    I paid $1.85 this morning for regular unleaded and that was in a busy commerce area. Near my house it's usually 10 cents cheaper! As a consumer I love it, as an investor, I hate it LOL.
    Jan 4, 2015. 12:23 PM | 7 Likes Like |Link to Comment
  • About Linn's Big Dividend Cut [View article]
    Anyone else remember a couple years ago when LINE was being criticized for hedging AT ALL? What a smart thing they did hedging what they could.
    Jan 4, 2015. 12:21 PM | 7 Likes Like |Link to Comment
  • Is Linn Energy's Distribution Cut The Result Of Bad Deals In 2014? [View article]
    IFFFFFFFFFFFFFFFFFFFFF...

    How many times have I sat with investor friends talking about if i would have bought Tesla at 25, or Netflix at 9, both were sitting on my watch list when they skyrocketed.

    IF ONLY!!!!!!!!!!!!! LOL

    No instead, I bought LNCO and now I have a 4.5% distribution and a 60% capital loss. If I wouldn't have bought it, I wouldn't have lost the money. Captain Obvious!

    With that said despite this sector wide collapse (and not LINE specifically) I am not upset with LINE. I believe they are run well and will be back. I guess I'm glad they cut the distribution and now it's over with, and they can get back to growing it with the increase in oil prices and their business.

    But, it's going to be painful for some years staring at that paper loss. And I really don't like being trapped like this. Sure I could take the loss, but I think I can stomach the paper loss more than the actual loss LOL.
    Jan 4, 2015. 12:16 PM | 4 Likes Like |Link to Comment
  • Linn Energy Shows Wisdom With Updated 2015 Guidance [View article]
    I really like those tables. Thanks for putting them together. I'll trust they are accurate or close.

    So, if oil goes streaming back to 100 and the distribution coverage is 2x or higher, do you suppose they'll double the current dividend, or at least hike it 80-90%?

    I'm in at a much higher price, so now I'm getting around 4-5% dividend instead of 10% and it would go a long way for me to see them quickly raise their dividend up over the next year or two or three, getting back to where we were recently.

    But yes, I'd like to see them do it with a stable balance sheet, to keep those naysayers like Barrons from having any ammo to write about and cause more short attacks.
    Jan 2, 2015. 11:34 PM | 1 Like Like |Link to Comment
  • Why A Dividend Cut Should Not Scare Linn Energy Shareholders [View article]
    Yes it is frustrating. I wish we could just get all the selling out of the way and deal with it. Been in this boat before and it just sucks.
    Dec 15, 2014. 10:14 AM | 8 Likes Like |Link to Comment
  • Linn Energy Suffers Another Blow [View article]
    While I agree the entire sector is getting hammered, it doesn't make me feel any better having to hope and pray that this particular company doesn't start slashing dividends and/or failing.
    Dec 14, 2014. 02:20 PM | 1 Like Like |Link to Comment
  • Linn Energy Suffers Another Blow [View article]
    Pretty sure LOL.

    No, I'm changing directions. At least if I invest in the real economy I have some kind of control over what I'm investing in. I have no control in the stock market.

    I'm not trying to beat up Linn Energy here. I thought they were a great company and still do. I am hoping/praying they get through this unscathed.

    I'm just tired of the entire market. I had some stocks that were up, sold those. I had some stocks that were down a little, sold those. Just hanging on to the ones I'm at a huge loss on, and hoping/praying they come back LOL.
    Dec 14, 2014. 02:18 PM | 2 Likes Like |Link to Comment
  • Linn Energy Suffers Another Blow [View article]
    I'm long LNCO and I'm down about 18 bucks, and have essentially written this thing to 0, so I'm holding until the end.

    But I'll say this, I just don't know what the definition of 'invest' is anymore. I mean seriously. The stock market isn't about investing. It's about trading. And I'm no trader. So I have consciously made the decision to stop investing in the market and do something in the real economy where there aren't such drastic swings and I have some kind of control. I'm just tired of it. This isn't my first rollercoaster stock either. In the past 3 years I've been in 3, one of which went out of business (luckily i cut my losses when they were relatively small).

    It is just discouraging. I don't think oil is going to stay down for long, and I do think this is a lot of short term hoopla, but just the very nature of sectors collapsing so drastically drives me away. It makes me think everything is manipulated and unfair, and I can't compete with it. If the energy sector can tank in a matter of 2 weeks like this, then any sector can.

    If LNCO ever gets back to 30 or near that, I'm taking my money back out and running. I would rather pass my money through an investment and get my cash back rather than own a stock or debt and take 7-10 years to break even while my capital is at risk. Just tired of it.

    Frustrated with all of it.
    Dec 14, 2014. 01:11 PM | 23 Likes Like |Link to Comment
  • Maybe You Shouldn't Pay Off Your Mortgage [View article]
    Pardon me, just under 10 years :) (118 payments).

    4.5% 30-year.

    Not adjusted for inflation :)
    Sep 2, 2014. 10:47 AM | Likes Like |Link to Comment
  • Maybe You Shouldn't Pay Off Your Mortgage [View article]
    The bank takes very little risk. The only risk is that the home price devalues, and the FED (run by banks) make sure that won't happen for long, or very frequently.

    So, after what, 8 or 9 years, the bank has already been paid all the purchase price back on a 30-year loan, and they can take your house which they can sell likely for a higher price than YOU paid for it.

    Yeah, I don't feel bad for banks, and I don't think they take as much risk as people think they do when it comes to giving someone a mortgage. It's not an unsecured loan.
    Sep 2, 2014. 10:42 AM | 3 Likes Like |Link to Comment
  • Maybe You Shouldn't Pay Off Your Mortgage [View article]
    I think for people that don't have a problem in their mind carrying debt, it probably makes sense to borrow the moon right now if you can. I'm sure you'd be wealthier in the end assuming at some point rates will go much higher and inflation as well...so you'll have paid a little money for a lot of stuff down the line.

    I just don't tolerate debt well.
    Sep 2, 2014. 10:40 AM | 2 Likes Like |Link to Comment
COMMENTS STATS
146 Comments
344 Likes