I don't like stops because I have had my pocket picked in the past. If I want to capture the profit, I sell calls or just trim the position, or maybe just sell the position. It depends on the situation.
In December 2007, you know housing was out of sight and getting stupid. We had bids on getting our kitchen remodeled and one of the firms that came over was the owner. He had laid off 11 guys and only had 1 cabinet maker left. He said business was terrible and was going to give me the best bid to keep the cashflow going.
We had a lot of TGT and I sold it in early 2008 and then bought it back in early 2009 at 40% discount to what I sold it for. That's what I meant an opportunity like 2008-2009. I think the bull will have good days and bad days in 2013, but will continue to run.
APL, BAC, BP, CST, VLO, HTA, WSR, ETP are some of my long term positions that have the best upside in my opinion. I also have others that are long term holds. .
Curls, I wouldn't use stop losses. Remember the AP tweet several weeks ago that caused HFT's to drop the prices. They scooped up a ton of stock cheap because of stop losses. People lost their stock at a cheap price.
Sell Leap Calls or Buy Puts if you're really concerned. I sell calls and on dips buy'em back cheap.
It's best to stick with companies that are not problems for your core holdings.
It's always good to take some profit, but you need to put it back to work. I don't buy the market, but continue to rotate into opportunities. The big thing is don't lose money.
You could consider this market to be an opportunity like 2008-2009. They don't come around that often and you need to take advantage.
I've been invested since 84 and know about losing money. I limit that that now and won't buy overpriced stocks.
It would be nice to see the market settle down at some time instead of chasing yield. Until that ends, the market won't stop. Just my opinion. It's only been 5 months of really rocking since the budget battle.
Juicy Oil Bargains - Part 3: Which Is Best Among The Best? [View article]
Oil companies carried a bit more risk, but offer great opportunities to buy low. I would be surprised if there is anything to price fixing. Major companies price fixing, hard to believe.
I will be looking to add to BP and RDSB when they bottom.
Oil is cheap now, but gasoline isn't. What's with that?
Highfields Capital Is Wrong Because This Digital Cloud REIT Ain't Going Nowhere But Up [View article]
Pretty high percentage of shares are short. Hard to believe they could find that many shares to borrow. Someone was leaning hard on DLR today. I picked up 100 shares at the end of the day.
Picking An All-Star REIT Team To Defend Against Interest Rate Risk [View article]
Thanks Brad.
Highfields Capital Is Wrong Because This Digital Cloud REIT Ain't Going Nowhere But Up [View article]
Bought on a whim the other day and since DLR didn't immediately respond, I 'll wait and see where it ends up.
Strategies For Dealing With A Possible Market Meltdown [View article]
Bear Pep Talk: Timing Not Required [View article]
Everybody has different experience and methods.
Bear Pep Talk: Timing Not Required [View article]
In December 2007, you know housing was out of sight and getting stupid. We had bids on getting our kitchen remodeled and one of the firms that came over was the owner. He had laid off 11 guys and only had 1 cabinet maker left. He said business was terrible and was going to give me the best bid to keep the cashflow going.
We had a lot of TGT and I sold it in early 2008 and then bought it back in early 2009 at 40% discount to what I sold it for. That's what I meant an opportunity like 2008-2009. I think the bull will have good days and bad days in 2013, but will continue to run.
APL, BAC, BP, CST, VLO, HTA, WSR, ETP are some of my long term positions that have the best upside in my opinion. I also have others that are long term holds. .
Bear Pep Talk: Timing Not Required [View article]
Sell Leap Calls or Buy Puts if you're really concerned. I sell calls and on dips buy'em back cheap.
It's best to stick with companies that are not problems for your core holdings.
Bear Pep Talk: Timing Not Required [View article]
The big thing is don't lose money.
You could consider this market to be an opportunity like 2008-2009. They don't come around that often and you need to take advantage.
I've been invested since 84 and know about losing money. I limit that that now and won't buy overpriced stocks.
It would be nice to see the market settle down at some time instead of chasing yield. Until that ends, the market won't stop. Just my opinion. It's only been 5 months of really rocking since the budget battle.
Juicy Oil Bargains - Part 3: Which Is Best Among The Best? [View article]
I will be looking to add to BP and RDSB when they bottom.
Oil is cheap now, but gasoline isn't. What's with that?
The Case For Owning Digital Realty Trust: When Hedge Funds Don't Know What They Are Talking About [View article]
Juicy Oil Bargains - Part 3: Which Is Best Among The Best? [View article]
Hold BP, COP, RDS.B. Sold STO because of the yearly div.
Ray
Energy Transfer Partners: The Pieces Are Falling Into Place [View article]
If the price went to 85, I think the distribution would have to move up to drive that. I'd probably sell too.
Thanks,
Ray
Energy Transfer Partners: The Pieces Are Falling Into Place [View article]
From Morningstar.
Fair Value: 63.00
Consider Buying: 44.10
Consider Selling: 85.05
Morningstar analyst thinks ETP has finally returned to the distribution growth trajectory and will be a catalyst to the price.
Between your articles and Morningstar I might add more ETP at some point.
Thanks,
Ray
Optimizing Triple Net Lease REIT Investment: Time To Sell Realty Income [View article]
Highfields Capital Is Wrong Because This Digital Cloud REIT Ain't Going Nowhere But Up [View article]
Dividend Growth Investors - Prepare For The Correction [View article]
That says a lot about why you need to put it away while you are earning it. Many don't think about savings until they need it.
While my parents were blue collar and didn't make a lot, my mom kept track of every penny in a ledger and bought CD's and savings bonds.
I just consider myself lucky to have saved when I could.
Ray