October 20, 2010
October 18, 2010
October 11, 2010
CMO announces dividend of 0.26 per share, but drops below my 10% threashold
CMO's dividend has dropped below my 10% threshold for holding dividend stocks. I'll be looking for a profitable exit point for this stock as my holding is currently at loss. 9.45% is OK, but we try to do better!
AGNC has proven much more profitable mortgage stock to either trade or hold for it's nearly 20% dividend.
You can see the decline in the dividend below or see previous post.
AGNC has proven much more profitable mortgage stock to either trade or hold for it's nearly 20% dividend.
You can see the decline in the dividend below or see previous post.
Long CPLP at $8.20
Couldn't get in as intended at below $8 as identified in the previous post. As the CPLP trading range between dividend payments greater than the dividend amount, this may end up being a medium term trade rather than an income buy and hold position.
The dividend is expected to be $0.225 again, so if it goes above $8.45, I will sell to take the profit rather than hold for the dividend.
As of 10/10, my sell trigger was $8.47, so trading this stock technically has already turned out more profitable than holding for the dividend.
The dividend is expected to be $0.225 again, so if it goes above $8.45, I will sell to take the profit rather than hold for the dividend.
As of 10/10, my sell trigger was $8.47, so trading this stock technically has already turned out more profitable than holding for the dividend.
October 3, 2010
Closed EMC short trade 2% profit in 2 days
This was a short term swing trade taking advantage of a clearly oversold EMC. In the graph, I showed the channel that EMC has been trading between for the last few months.
The recent rally took EMC both out of this channel, above both 8 and 17 EMAs, through the upper Bollinger Band, and to RSI of 93. There was almost no way that EMC was going to break out further from this combination of oversold indicators.
However, I need to work on my fear of giving back profits, as I should have trusted this to come down much further before selling. The quick profit I did take kind of came almost too easily, so I decided to just take it an run. I'm just so nervous about the market action in general right now.
The recent rally took EMC both out of this channel, above both 8 and 17 EMAs, through the upper Bollinger Band, and to RSI of 93. There was almost no way that EMC was going to break out further from this combination of oversold indicators.
However, I need to work on my fear of giving back profits, as I should have trusted this to come down much further before selling. The quick profit I did take kind of came almost too easily, so I decided to just take it an run. I'm just so nervous about the market action in general right now.
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