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There is not that much difference between PRGN and SBLK. Very similar companies so I have a tendency to compare the two. I think SBLK is now a slightly better value right now but PRGN has probably the best guaranteed charter coverage % in drybulk for 2011. Both are good value stocks whose conservative strategy will allow them to survive and pay a nice divi.
I think I just missed the boat (a bit). I dont see it going below $3.60 anymore. They are locking in good proftis for the next 2 and 1/2 years.Im gonna start loading up for anything under $3.75 (if I can).
I used to be a big fan of SBLK moreso than PRGN. The thing about the two is the daily volume. SBLK doesn't have much volume, and doesn't seem to move as much on a single day. I got bored watching SBLK's ticker when I held it. I did make a large bulk of my profits back in April on it though.
I think this is the Natural Gas play going forward. I am holding UNG and CHK, but will start trading and building in FCG. This also eliminates the Contango issues.
FCG is very lightly traded.
I know it is, but since I mostly just plan to wait and hold I really want something that is not going to get killed by the Contango. I think this is it as it's comprised of the Natural Gas companies instead of the commodity. I plan to buy now, add on dips and be super strong in this by January.
Wow I hope you dont dump PRGN.I added another 5000 shares for a total of 10,000. This is getting scary.
What was that crazy #### you bought a few weeks back that blew up in your face? Then someone else jumped in at like 9 cents a share and rode it to 13+ cents.
I like CNB the best right now. No way does the government let that bank fail and you can have it at 58 cents a share today
Thanks for killing the run. Would be $3.75 now.
That's an Alabama bank. They finally ousted long time boss and Auburn trustee Bobby Lowder. I've heard some ominous rumors about them so I hope you're right.
When every other Shipper is down 2-5% and PRGN is up a percent with the market down 2.5%, I am going to sell everytime. I know I will be in this stock strong by earnings and I will consistently move in and out to better my price before taking my final stand. Today should have been a great day for PRGN with their announcement, but the overall market doomed them.Thanks for killing the run. Would be $3.75 now.
Bargains. Really?I guess where some people see the so-called "green shoots" in the economy as a positive...the "green" I see sprouting up are noxious weeds.These days, be careful of what the whores and shills of wall street have to sell.I have 3 on-going trades made a few days ago.DDG at $61.97...now at $63.50PUI at $13.86...now at $13.86SBB: at $50.30...now at $50.85.Taking positions today in
IA, DBB and DBC via puts (Oct and Dec).Reviewing Pro and Powershare etfs. The following are now on Daily Sell Signals
XR, PEF, PBD, PMNA, DBB, DBC, PAGG,PSAU, PSTL, PDP, PPA, PUW, PJB, PHB, PXI, PXE, PRN, PBS, PXJ, PMR.MANY MANY OTHERS CLOSE TO ROLLING OVER.SPY and QQQQ are range bound...right now bias is to the downside...on a daily chart. DOW is a SELL.Summer time is often traded in a range. So I'm not very comfortable being on the short side.Most likely going to be closing up "shop" in an hour or so. Then it is golf for about 10 straight days.
I almost bought when you first mentioned this. Held off. Almost bought in again when you had a gain in it. Held off.Well I just bought now at .58 so viva CNB
I've been playing this one off and on as well, including the October 21's. Which of the DBC ones did you get in on?
As you said, I think we are range bound, it's the summer doldrums. To me that means buy on a day where we pull back sharply and sell a few days later for a small gain.Most of the china stocks I've been following all are starting to look attractive after pulling back or going sideways for the last month.Bargains. Really?I guess where some people see the so-called "green shoots" in the economy as a positive...the "green" I see sprouting up are noxious weeds.These days, be careful of what the whores and shills of wall street have to sell.I have 3 on-going trades made a few days ago.DDG at $61.97...now at $63.50PUI at $13.86...now at $13.86SBB: at $50.30...now at $50.85.Taking positions today in
am i reading that right??? .38 per share dividend???
dont you dare buy this stock.
dont you dare buy this stock.
If it makes you feel any better, I sold PRGN to buy it, so that one should go through the roof.
you just screwed me double. I am not in PRGN and now it will cost me more. I own CNB and now it will drop like a rock.Thanks Otis. Great guy you are.Otis said:springroll said:dont you dare buy this stock.Otis said:
Don't want to ruin your mojo but why so skittish? $170 profit on a 50k+ investment? Seems a bit risky to chase a few pennies when this stock could skyrocket.
WOO WOO!Otis said:springroll said:dont you dare buy this stock.Otis said:If it makes you feel any better, I sold PRGN to buy it, so that one should go through the roof.
No, always focus on the yield. $ 0.4062 p/share but Annual Dividend Yield of 16.20%springroll said:
i thought I read that the yield went up to 17.9% of the June 22 stock price of 9.09.I do now see where it says 16.2 somewhere else. Wonder why the difference.
I will be back in for sure...maybe even today. I love PRGN and see this at $4.75+ by early August. But when every other Dry Shipper is down today (most 3%), but PRGN was up 1% on a market that is down 2.5%, then I am going to lock in a little gain (while mostly preserving my money for a better spot to enter in). Typically the Shippers plunge by twice the NASDAQ fall and that was what I was fearing here mostly. If there are going to be 3.60 and below shares available, I want to make sure I have them.Don't want to ruin your mojo but why so skittish? $170 profit on a 50k+ investment? Seems a bit risky to chase a few pennies when this stock could skyrocket.
SPNG - I lost like 1-2 cents a share, not a huge deal, then Harris jumped in and mad elike 50% in an hour. Unreal!
That's the one. Didn't think you got out before that thing drove off the cliff that day.
CHK too. Those were some ill-timed calls on my part. I ate $15k losses on my CHK options. One of the dumber things I've done in recent history. Glad I got out when I did, could have been worse...
It's holding up very well vs the market today, obviously because people are trying to lock in the dividend, how much of a decrease do you think happens when it gets dumped the following week? Half the dividend rate?
