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Post by xray on Oct 4, 2021 15:52:52 GMT
richardsok, I should have added that the current extensive dividend "rate" currently being paid out should not be in any danger [going forward ... like it was in the 3rd QTR announcement] and thus the market price will have to go up to bring the dividend down rate from the current levels [investors should be buying in the 4th Qtr and 1st Qtr driving the "previous" dividend down]....
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Post by Deleted on Oct 4, 2021 16:52:54 GMT
Sold remaining FEMKX (Fidelity Emerging Market). I have been discussing EM in other threads.
I still have big position in American Funds New World (NEWFX) and a smallish but decent position in Wastech Emerging market. That I will keep. Also 50% of my American Funds New Perspective is non US. So basically moved to risk off mode in EM.
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Post by richardsok on Oct 4, 2021 18:00:59 GMT
richardsok , I should have added that the current extensive dividend "rate" currently being paid out should not be in any danger [going forward ... like it was in the 3rd QTR announcement] and thus the market price will have to go up to bring the dividend down rate from the current levels [investors should be buying in the 4th Qtr and 1st Qtr driving the "previous" dividend down].... Not to challenge you, X, but how do you know that? We know that CAPL is bringing on new revenue sources into play, so we can have some confidence in sufficient income to support future distributions. BUT SRLP earnings have been all over the place. Granted its earnings are projected positive this upcoming quarter and the next, but what has changed to imply there won't be more losses thereafter? I have only searched a couple of news sites this morning, but have seen no news of any sort of game-changer.
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Post by bb2 on Oct 4, 2021 18:37:40 GMT
Sold FB from an IRA. Keeping the taxable stuff. It's not just the news coverage and the shrill FB hating (I don't use it), but the numbers just haven't been that great the last couple quarters.
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Post by cactusjack on Oct 4, 2021 19:24:18 GMT
Sold small portions of THQ, SCHG, HDEF for nice profit. All have been outrunning the market on the downside and the charts look weak to me.
Fortunately, my overweight energy stocks are looking good (COP, ENB, ERF, XLE).
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Post by richardsok on Oct 4, 2021 20:18:27 GMT
Today's market was weak right out of the chute. Added (again!) to PSQ (bearish hedge) in the morning and CAPL later in the afternoon.
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Post by xray on Oct 4, 2021 21:00:16 GMT
richardsok, Your: Not to challenge you, X, but how do you know that? We know that CAPL is bringing on new revenue sources into play, so we can have some confidence in sufficient income to support future distributions. BUT SRLP earnings have been all over the place. Granted its earnings are projected positive this upcoming quarter and the next, but what has changed to imply there won't be more losses thereafter? I have only searched a couple of news sites this morning, but have seen no news of any sort of game-changer. ---------- What I know is only what I see and observe on our computers. They should have expected losses in the 2nd and 3rd Qtr's [2022] based computer evaluations [that you won't find on the internet news sites]. Some of us will probably lighten up on shares [CapGain] in the 1st Qtr of 2022 if they don't "reduce" their dividend, and insiders are not selling their shares, and our analysis data remains positive. We will continue to "HOLD" what we have.... Computers are good and fast but are "projections" and not for everyone. I can only give you what I currently see.... Here is another one you might like [not currently holding any shares but remains on my Watch list and it is reaching a new MktPrc high]: PR Newswire Suburban Propane Partners, L.P. Declares Increase in Annualized Distribution Rate to $1.30 per Common Unit July 22, 2021 WHIPPANY, N.J., July 22, 2021 /PRNewswire/ -- Suburban Propane Partners, L.P. (NYSE:SPH), today announced that its Board of Supervisors declared an increase in the Partnership's quarterly distribution from $0.30 to $0.325 per Common Unit for the three months ended June 26, 2021. This quarterly distribution rate equates to an annualized rate of $1.30 per Common Unit, and represents an increase of $0.10 per Common Unit compared to the annualized rate from the previous quarter. The increased quarterly distribution is payable on August 10, 2021 to Common Unitholders of record as of August 3, 2021.In announcing the increase in the quarterly distribution rate, President and Chief Executive Officer, Michael A. Stivala, said, "We are very pleased to announce this increase in our annualized distribution rate to $1.30 per Common Unit – representing 8.3% growth over the previous annualized distribution rate. Over the course of the past twelve months, we have remained focused on managing the business through the COVID-19 pandemic, executing on our customer base growth and retention initiatives, accelerating our debt reduction efforts, investing in renewable energy solutions and opportunistically refinancing our debt to reduce interest expense and extend maturities. As we continue to strengthen the balance sheet and execute on our strategic growth plans, we remain committed to delivering sustainable, profitable growth for our valued unitholders." Nominees are hereby notified that there is a withholding requirement at the highest applicable effective tax rates for foreign partners from the cash distribution under Section 1446 of the Internal Revenue Code. About Suburban Propane Partners, L.P. Suburban Propane Partners, L.P. ("Suburban Propane") is a publicly traded master limited partnership listed on the New York Stock Exchange. Headquartered in Whippany, New Jersey, Suburban Propane has been in the customer service business since 1928 and is a nationwide distributor of propane, renewable propane, fuel oil and related products and services, as well as a marketer of natural gas and electricity and an investor in low carbon fuel alternatives, servicing the energy needs of approximately 1 million residential, commercial, governmental, industrial and agricultural customers through approximately 700 locations across 41 states. Suburban Propane is supported by three core pillars: (1) Suburban Commitment – showcasing the Suburban Propane's 90+ year legacy, and ongoing commitment to the highest standards for dependability, flexibility, and reliability that underscores Suburban Propane's commitment to excellence in customer service; (2) SuburbanCares – highlighting continued dedication to giving back to local communities across the Suburban Propane's national footprint and (3) Go Green with Suburban Propane - promoting the clean burning and versatile nature of propane and renewable propane as a bridge to a green energy future and developing the next generation of renewable energy. For additional information on Suburban Propane, please visit www.suburbanpropane.com. ---------- Live Long and Prosper....
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Post by chang on Oct 4, 2021 21:44:32 GMT
Today's market was weak right out of the chute. Added (again!) to PSQ (bearish hedge) in the morning and CAPL later in the afternoon. I am a recent seller, but the “bad news” lately seems transitory to me. This smells like a dip. Not buying here, but waiting before the next sell.
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Post by richardsok on Oct 4, 2021 23:17:45 GMT
Response noted, X. TY.
Already hold 2% position in SPH.
----------
Hope you are right, chang. Alas, I see nothing transitory about inflation, and technicals, energy aside, remain bearish. Worth watching, yes?
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Post by chang on Oct 4, 2021 23:31:39 GMT
Orders in to add to DODIX and RPHIX. Funds from previous equity sales. Note on Fido AIP: orders placed just now (7:30 PM EST) were accepted for tomorrow. AIP usually requires a longer window (officially "two days" but that's never really been the case) but lately it has been more malleable. OT to richardsok : yep, I hear you on inflation, that's not transitory at all. I don't know what to do about that except just own equity, which I already do. I've lost all interest in PMs; maybe they're dead as an investment (other than day-trading). I don't like energy: imvho it's just a gamble on the price of oil, which is unpredictable. And as you know I'm not really a believer in "technicals", but that's another discussion.
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Post by chang on Oct 5, 2021 3:49:00 GMT
Moving some US/T ( VUSFX) into HY ( VWEAX) to increase income. The "why" (such as it is) is here.
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Post by rhythmmethod on Oct 5, 2021 15:00:30 GMT
Today's market was weak right out of the chute. Added (again!) to PSQ (bearish hedge) in the morning and CAPL later in the afternoon. Hi, richardsok, I admire your short positions on days such as yesterday. Today is another story and who knows what tomorrow and beyond brings. I’ve come to the conclusion, for myself only, that playing short positions is beyond my skill set with timing entrance and exit. If I may ask, how has unit worked in total for you. Even peace of mind is worthwhile… TIA.
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Post by richardsok on Oct 5, 2021 15:57:42 GMT
Alas, rhythm, there's nothing to admire here. I have been watching PSQ slip steadily all morning, eroding good paper gains I've been accumulating since I got my first bearish signals mid Sept. Clearly yesterday's small addition to PSQ was a mistake. Nevertheless bearish trends still remain solid and if the market tires this afternoon I may buy another small block. Am still way ahead of the game, though -- for the moment.
Today's good news is continued strength in energy, where I'm over-allocated. Bought a block of BGR shortly after the opening today. OPEC+ didn't come to the rescue yesterday; decided to continue original plan releasing 400,000 more barrels of oil per month. That's despite calls from the White House to bring more crude on to the market. Daily US crude production is 6% lower than last year. Stockpiles of crude (except the Strategic Petroleum Reserve0 are off by 15%. China & India both seem energy supply constrained. All bullish, IMO. I even read some US utes must switch back to coal(!) but the US has been cutting coal capacity for years. Prices are way up there, too.
After a long absence from Pimco (except for some PDO) I may buy an opening position in PHK today before the close. Seems to me a decent value now. Not great; but OK, maybe. Have lots of cash. I know a lot of our friends are rooting for past patterns to repeat and get another brief market dip and then rally. I'm not against them; trying only to remain agnostic and not be lured by recency bias -- or any other kind.
My gut tells me if we were going to have a market crash we'd have had it by now. But never trust my gut.
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Post by cactusjack on Oct 5, 2021 17:38:16 GMT
Sold about 3/4 of my RGT today for nice profit. It went up well since initial Feb purchase, but the chart is falling off and the fund is pretty thinly traded making selling a bit difficult. Dividend is once per year and not going x until Dec.
I am being a bit cautious though still pretty heavy in energy and financials which seem to be doing OK for the present.
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Post by uncleharley on Oct 5, 2021 18:28:03 GMT
Added a few sgares of UTG to my IRA. Just reinvesting dividends.
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Post by rhythmmethod on Oct 5, 2021 23:42:33 GMT
My gut tells me if we were going to have a market crash we'd have had it by now. But never trust my gut. I can't trust my gut either. It keeps telling me to have another beer and piece of pizza!
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Post by steadyeddy on Oct 6, 2021 13:21:53 GMT
Started buying long bonds - BLV and TLT - more of them. I think they offer better opportunity than equities at the moment.
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Post by xray on Oct 6, 2021 13:22:07 GMT
richardsok, Just for SPH "HOLDERS"Business Wire Hess Midstream LP Announces Upsizing and Pricing of Secondary Public Offering of Class A SharesTue, October 5, 2021, 8:58 PM HESM +1.72%HOUSTON, October 06, 2021--(BUSINESS WIRE)--Hess Midstream LP (NYSE: HESM) ("HESM") today announced the upsizing and pricing of an underwritten public offering of an aggregate 7,500,000 Class A shares representing limited partner interests in HESM by a subsidiary of Hess Corporation and an affiliate of Global Infrastructure Partners (the "Selling Shareholders"), at a public offering price of $26.00 per Class A share. The offering was upsized from the previously announced 6,000,000 Class A shares. The Selling Shareholders have granted the underwriters a 30-day option to purchase up to 1,125,000 additional Class A shares at the public offering price less underwriting discounts and commissions.The gross proceeds from the sale of Class A shares by the Selling Shareholders are expected to be approximately $195,000,000. HESM will not receive any proceeds from the sale of Class A shares in the offering. The offering is expected to close on October 8, 2021, subject to customary closing conditions. J.P. Morgan Securities LLC and Citigroup Global Markets Inc. are acting as joint bookrunning managers of the offering. The offering of these securities is being made only by means of the prospectus supplement and accompanying base prospectus as filed with the Securities and Exchange Commission (the "SEC"). Copies of the prospectus supplement and accompanying base prospectus relating to the offering may be obtained free of charge on the SEC’s website at www.sec.gov under HESM’s name or from the underwriters of the offering as follows: J.P. Morgan Securities LLC c/o Broadridge Financial Solutions, 1155 Long Island Avenue Edgewood, New York 11717 Telephone: 1-866-803-9204 Email: prospectus-eg_fi@jpmchase.com Citigroup Global Markets Inc. c/o Broadridge Financial Solutions 1155 Long Island Avenue Edgewood, New York 11717 Telephone: 800-831-9146 The Class A shares are being offered and will be sold pursuant to an effective shelf registration statement that was previously filed with the SEC. This press release shall not constitute an offer to sell or a solicitation of an offer to buy the securities described above, nor shall there be any sale of these securities in any state or jurisdiction in which such an offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction. The offering is being made only by means of a prospectus and related prospectus supplement meeting the requirements of Section 10 of the Securities Act of 1933, as amended. About Hess Midstream LP HESM is a fee-based, growth-oriented midstream company that owns, operates, develops and acquires a diverse set of midstream assets to provide services to Hess Corporation and third-party customers. HESM owns oil, gas and produced water handling assets that are primarily located in the Bakken and Three Forks Shale plays in the Williston Basin area of North Dakota. Live Long and Prosper....
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Post by Capital on Oct 6, 2021 13:53:24 GMT
Sold my FMAT and bought FSTA
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Post by richardsok on Oct 6, 2021 16:56:42 GMT
Another of those "WHAT the ....?" mornings. Nat gas spikes hard in Europe and UK, yet almost all energy stocks slip (?!?) perhaps by Putin's remarks to meet supply demands. But at what price? Uncle Vlad's not known for kindly philanthropic gestures.
Used Suburban Propane (SPH) sympathy dip to add more shares. Reliable & well covered distribution history.
Cannot dismiss Iran/Israel or Taiwan/China possibilities from my tail-risk thinking. And nevermind chatter about minting Trillion-Dollar Coins. Coming to believe some level of semi-permanent bearish hedging is practically obligatory. Holding PSQ. ---------
Update: I now see an article where the Dept of Energy is chattering about possibly releasing oil from the Strategic Reserve as well as banning oil exports to increase domestic supply & lower energy prices. Can exports just be "banned"? Dunno, but the mere threat appears enough to hit oil production equities.
Oil recovering late in the day.
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Post by cactusjack on Oct 6, 2021 19:08:21 GMT
Added a bit to GOF and UTF During the early market dip. Charts looked promising and I wanted to replace some income lost during recent sales.
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Post by richardsok on Oct 7, 2021 14:17:40 GMT
At the open: Trimmed 1/3 off PSQ: first sell signal. BOUGHT new positions in GPM and ETO.
-------------------
A REQUEST: As far back as my M* days, we've understood that posters would not mention the actual size of their portfolios in dollar amounts. Nor would anyone post, "I just bought 5000sh of AAPL" or some such.
I'm sure most here agree it's a matter of courtesy not to flaunt wealth. Moreover, references to big positions are sure turn-offs or discouragers for those posters with modest fortunes.
Though no one has done so intentionally, I think, I have lately noticed two or three "dollar amount mentions" or actual size of certain holdings or buys. I hope we can be vigilant in our discretion.
(Sorry to post this on B-S-W, but didn't think it merited an entire new thread.)
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Post by chang on Oct 7, 2021 18:52:47 GMT
Sold all MKC stock. It's had a nice run since 2014, but it just looks awful now. I guess nobody's buying salt and pepper anymore.
Order in to sell entire MITEX (Matthews Asia Innovators/Technology) position, on what should be a nicely up day. Part of a larger equity reduction exercise applied across the board. In the case of MITEX, it overlaps with other Asian and EM funds, so it does not serve uniquely to provide exposure. I also want to ring the register on this one and bank a decent profit. I should have followed rhythmmaster out earlier.
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Post by uncleharley on Oct 7, 2021 19:51:07 GMT
I reopened my position in SILJ near the close. I might be masochistic.
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Post by cactusjack on Oct 7, 2021 20:24:51 GMT
Sold a chunk of COP for a pretty nice gain (8% in 10 days). Thanks Richardsok. Doing a bit of consolidating due to current political climate and late year house cleaning.
Bought a small entry position in ETO. It holds quite a bit of tech (of which I am currently low) and pays a nice dividend.
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Post by chang on Oct 7, 2021 22:52:52 GMT
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Post by chang on Oct 8, 2021 0:49:20 GMT
Order in to add to DODIX on Friday, using proceeds from today's sales. DODIX NAV has been falling, but it is a minor blip in the bigger picture, and I want to start generating a little more income. I regard this stolid fund as being steady and reliable — never going to lead the category, but probably never lag too much, either. Hopefully beats the index by more than its ER.
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Post by richardsok on Oct 8, 2021 4:10:10 GMT
Put in an at-the-open buy order for ETO and VALE in the IRA. Believe both may be oversold.
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Post by cactusjack on Oct 8, 2021 21:18:46 GMT
Made a small add to HTGC. Chart looks promising, financials have been pretty strong lately, and the the dividend appears well supported as they have been kicking out supplementals all year.
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Post by chang on Oct 8, 2021 22:43:43 GMT
Sold all DSEEX (discussion here) in my IRA, will replace on Monday with FXAIX. [Strangely enough, first time in my life I will own an S&P500 index fund.] Bought more DODIX - now full up.
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