The running of the bulls! (Stock market trading thread)

willow_girl · #**361** 08/15/12, 10:53 PM

Clove, I just took a look at your new one ... that is an eye-popping dividend, alright!

I'm putting it on my watch list. Thanks!

**clovis** · #**362** 08/16/12, 07:50 AM

Quote:

Originally Posted by willow_girl

Clove, I just took a look at your new one ... that is an eye-popping dividend, alright!

I'm putting it on my watch list. Thanks!

Willow,

Just remember that it is a royalty trust. This stock is set to expire in 2021, or when a set amount of the oil is pumped out and sold. They've already pumped and sold 9% of the 100%. When that reaches 100%, or in the year 2021, that stock is worth $0. Yep, that is right...zero, nada, zilch.

willow_girl · #**363** 08/19/12, 09:37 PM

Yikes!

I don't know much about those trusts, that's for sure.

I was telling DH about your WHZ, and he had me look at SDR, which he owns ...although it is off 8% since he bought in April, so I can't say I'd recommend it!

**clovis** · #**364** 08/19/12, 10:32 PM

I'm just chasing yield with WHZ, to be quite honest.

As a side note: Of course, I think all energy is going to be hot. There is growing world demand, and, really, if you study it, all the easy oil has been found, pumped out, and is on a declining path. I remember years ago, a college professor of mine was talking about the oil sands in Canada, and he predicted that even if there was a cheap way to refine it, it would never be worth pulling out of the ground. They've been mining it now for many years, and I read as long as oil is over $50 a barrel, the oil sands are profitable. WHZ is not an oil sand stock, but you see what I mean, right?

Until the Chevy Volt is sold by the millions, I strongly suspect that oil is going to be high, and only get higher.

So, in a nutshell, my long term strategy is to buy oil and energy stocks.

I'm hoping to see some growth with WHZ, gather some dividends, and dump the stock sometime down the road. Let's hope it works out for me!!!

Michael W. Smith · #**365** 08/29/12, 01:36 PM

Quote:

Originally Posted by clovis

I'm just chasing yield with WHZ, to be quite honest.

I think energy is going to be hot. / I strongly suspect that oil is going to be high, and only get higher.
I'm hoping to see some growth with WHZ, gather some dividends, and dump the stock sometime down the road.

Sounds good to me. Oil is used in so many things (other than gas) until oil is in short supply (or so expensive) other things to use won't be investigated.

However, I was doing some reading on it, and according to the information I viewed, WHZ was formed December 2011 and went public 03/23/12. "As of June 30, WHZ has produced 68% of the allowed production. In WHZ's most recent dividend announcement, the Trust states that WHZ will terminate on or about August 2015."

While a 18.60% dividend yield is great, I"m afraid you may be playing with fire. I would stick with real oil stocks - BP, CVX, MRO, MPC, XOM. While the dividend is alot less, you will own shares in a huge company and their share price will almost never, certainly go to $0.

Of course, what do I know? My "guarantee" on Sunoco hasn't come to yield yet. I'm still waiting on them to be bought out and merged and grab my $50.00 a share and run. Supposed to happen in the 3rd quarter - we are nearing the end of the 3rd quarter and no news at all.

**clovis** · #**366** 08/29/12, 05:01 PM

MWS-

Are you sure that you're not thinking about WHX?

WHX is another royalty trust set up by Whiting, and it does expire in 2015.

WHZ, on the other hand, which is also a royalty trust by Whiting, has about 9 years left in it.

Michael W. Smith · #**367** 09/05/12, 08:34 AM

Yes Clovis, you are correct. I'm getting WHX mixed up with WHZ - forget about my past post!!

Good news! Right after I mentioned about not hearing about Sunoco's upcoming merger, they let news out that the paperwork is being sent out to approve the merger. I got two packets in the mail yesterday.

One is to vote on the merger. So I voted and got it in the mail.

The other packet is how you want your shares to be treated after the merger is complete. Do I want $50.00 / share, do I want $25.00 / share plus .5245 of ETP, or do I want to turn each share of SUN stock into 1.049 shares of ETP?

Hmmmm. Yesterday SUN closed at $47.74. I can get my $50.00 cash and be gone. OR

I can get $25.00 cash plus .5245 shares of ETP. ETP closed yesterday at $43.37 making the .5245 shares worth a little over $21.70. $25.00 & $21.70 is $46.70. OR

I can turn each share of SUN into 1.049 shares of ETP. (ETP has a nice yield of 8.40%!)

**clovis** · #**368** 09/05/12, 09:37 AM

So, what are you going to do?

The yield of ETP is attractive at 8.4%. Would you buy ETP on the open market, at today's prices?

Michael W. Smith · #**369** 09/05/12, 10:23 AM

At this point - I'm not sure.

If I take the cash, I come out with around a $150.00 profit.
If I take the $25.00 plus .5245 shares of ETP for each share of SUN, I would get half of my investment back plus get $118.00 in dividends a year.
If I take the 1.049 for each share for each share of SUN, I would get $236.60 in dividends a year.

ETP seems to a solid company, and you certainly can't sneeze at a yield of 8.40%.

I'll probably skip taking all cash, and get some shares of ETP.

**clovis** · #**370** 09/05/12, 03:09 PM

That is a nice play. Congrats!!!

I'm still puzzled as to why the market hasn't filled the gap. You would have thought that the leveraged options traders, or even investors like us on the forum, would have run SUN to the back door of $50.

Is ETP a MLP?

**clovis** · #**371** 09/11/12, 09:37 PM

Anyone still trading?

I was hoping to pick up a few shares of KO today. Tomorrow is the ex-date. I'm not crazy about the less than 3% dividend, but it seems to be a more safe stock.

FWIW, I had a broker recently pushing KO really hard. He is hot on the stock, but I think I'll ease into it on pull backs if possible.

frogmammy · #**372** 09/11/12, 10:22 PM

I'm still in...making a few $$$ every now and then. STILL holding on to NTRI, but that's not bad, it has a nice dividend.

Mon

Marshloft · #**373** 09/11/12, 10:26 PM

Just trying to get back where I was before I was interupted.
The bosses son came in and ask if he could do a trade on some penny stocks.
He gauranteed I get payed back if a loss.
Well,, the firs day he actually made 100.00. That got hime excited, so, he did
it again the next day,, lost 500.00.
The last 2 weeks I've recouped 200. of his losses, still have 200.00 to go just to get back where I was.
Today I watched 2 of my stocks ever so slowly go down.
I think I'm so discouraged,, I just walked away from my computer and didn't even want to see.
GH

willow_girl · #**374** 09/11/12, 10:51 PM

I'm getting my butt kicked right now, too, Marshy!

I'm not expecting any drastic improvements until after the election.

**clovis** · #**375** 09/12/12, 08:06 AM

Nice to see that you are all still around. I was feeling a bit lonely for a while, LOL.

FWIW, I see that Scottrade has free trading for new accounts for the first 70 days. No minimum balance, etc. If you are a heavy trader, that could be a lucrative deal.

willow_girl · #**376** 09/15/12, 11:20 AM

Sometimes I look back to see how stocks I held previously are doing at present. Usually this elicits weeping and gnashing of teeth. Today was no exception ...

Back at the end of June, I bought 300 shares of LNDC and sold them the following day for a profit of about $100.

Sounds good, right? Unless you consider the stock has gone up $2.39 a share since then ...

frogmammy · #**377** 09/15/12, 12:20 PM

Same thing here...IRBT, RGR, WGO.... Sniff....

Mon

Halfway · #**378** 09/15/12, 05:36 PM

QE#....so let's get extra heavy on the banks!!!!!

OIL is going to further explode as well. The leverage is cheap!

Bubble Ben wants to keep his job and he has been promised this, so now we goose this economy further towards the cliff and dream of unicorns and rainbows, weeeeeeee

Ok, so banks and oil.

Michael W. Smith · #**379** 09/19/12, 03:50 PM

Quote:

Originally Posted by willow_girl

Sometimes I look back to see how stocks I held previously are doing at present. Usually this elicits weeping and gnashing of teeth. Today was no exception ...

Well, with hindsight alot of people would do things differently!!!!!! Kind of like the just recently departed soul that hasn't left earth yet and is looking at their body in their now mangled up car. "I knew I should have waited to pass the car in front of me. I just thought "something" was coming around the curve that I couldn't quite see."

I don't know. I just don't get Sunoco either. I went ahead and filled out my paperwork to get all ETP stock - I just can't get past that 8.4% yield!! Today SUN closed at $46.85. I would think you guys could still get in - the "vote" isn't until I think October 4th.

On the plus side, I'm happy to report that my IRA and 401(k) are doing better. (For a while, they just seemed to be sitting there.)

Halfway · #**380** 09/26/12, 08:46 AM

JEF
WFC
BAC
.......at these levels.

COP
CVX
PSX
XOM on the dips.

Dividends of above 3% in the meantime.