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They are selling the UK operations. Paying down debt, doing  buy backs. This will probably close 1Q21. However they will have to cut the dividend 30-40%. 

If they do a 40% cut that would bring the yield down to around 3.5% if they do 30% around 4%.  The current yield is simply unsustainable after the UK sale.

I am going to sell out of PPL as I used this as a pure yield play. They were growing their dividend every year. 

Now they will become leaner and meaner. And they can grow their dividend again with a renewed focus on strictly their domestic regulated utility business. 

The company is fairly valued right here. With some downside to 25-26 range easily. And we all know once they announce a dividend cut the stock price will drop.

Bank your trade today boys.

I am selling out of her now. I will reevaluate next year. I rather own some other traditional utilities with better balance sheets for the same yield (post anticipated dividend cut).
Thank you.  Sold the balance for a 16% gain in 3 weeks.  Great call on your part.

 
Third quarter earnings are going to be the suck for many of these companies.  At some point these chickens will come home to roost.  I look out my window and the Subway Sandwich shop is empty.  The Homewood suites out the other window has 12 cars, I'm sure some of those are employees.
Damn it if somehow my reply got whacked. Don’t feel like typing it all out but you’re preaching to the choir. I’m only down 1% today so not a big deal. I’m still thinking long term just happened to be having a great year. That said I agree with you that Q3 isn’t going to be much better and think about someone like Disney. They could lose out on $5-8B in profits. That’s not chump change. Even if things start to get closer to normal, that’s a lot of money on the balance sheet that can’t go to building new parks or funding more movies, etc. There’s a rotation but it’s not just Dow dogs, it’s going to companies who’ve truly been financially hurt.

It’ll be interesting from here. I don’t want to panic sell and miss the companies who probably will do the best in Q3 and Q4.

 
20% would be $13.09 for me. Trying to decide if I don't just knock $.2 off and get out a little shy. It's been a good run.
Quite a month for it but especially the last week. Trying to decide where I want to exit as well, with the swings I’m not sure a trailing stop loss would do anything other than stop me out midday as soon as I put it on.

 
RLFTF

Sold the half I didn't buy today for .53

I was getting nervous that there has been some resistance above .53 all morning, and I didn't want it to trend down in the afternoon and miss my chance.  

Overall, I lowered my cost basis, which was already below 0, and added 700 shares.

I didn't want to be holding overnight with a full stake in it in case the Chinese announce their fake vaccine tonight.

 
RLFTF

Sold the half I didn't buy today for .53

I was getting nervous that there has been some resistance above .53 all morning, and I didn't want it to trend down in the afternoon and miss my chance.  

Overall, I lowered my cost basis, which was already below 0, and added 700 shares.

I didn't want to be holding overnight with a full stake in it in case the Chinese announce their fake vaccine tonight.
:lmao:

I guess I just needed to sell so it could break that resistance.  

 
Precious Metals are giving up the ghost today. SLV down over 10%. Really tempting to buy on the dip, but not sure if this is just the start of a bigger correction. I think I'll hedge in a bit.

 
Precious Metals are giving up the ghost today. SLV down over 10%. Really tempting to buy on the dip, but not sure if this is just the start of a bigger correction. I think I'll hedge in a bit.
Has the macro landscape driving PMs changed? I don't think it has. That said, I am already bloated on silver/gold/btc so I am hesitant to throw more in at this point.

 
So most Vax/Therapeutic companies are WAY down today on Russia news.  If this Russia news is as much an overreaction to nothing as it seems, it seems like those may offer a good trading opportunity, no?

MRNA -3%

NVAX -14.46%

 
So most Vax/Therapeutic companies are WAY down today on Russia news.  If this Russia news is as much an overreaction to nothing as it seems, it seems like those may offer a good trading opportunity, no?

MRNA -3%

NVAX -14.46%
If I bought a while ago I’d be fine but I have no clue who will “win” and at this point I think there are way more losers than winners and it’d be throwing darts so I’m not willing to risk it.

 
Out of PPL with a 10% gain and into EXC. Hitting the dividend date is an added bonus. 
Thanks  @Todem 
Same.  Out of PPL.  Never got a dividend but didn't really need to with about a 20% gain after buying in the 24s.   I'll try some of this EXC thing for a while.  

Speaking of dividends, I had bought more XOM recently.  It has since gone up a bit.  Tomorrow is the ex-dividend date.  From what some have mentioned and from what I have read, if I were to sell tomorrow I would still receive the dividend correct?  Just making sure.  

 
Same.  Out of PPL.  Never got a dividend but didn't really need to with about a 20% gain after buying in the 24s.   I'll try some of this EXC thing for a while.  

Speaking of dividends, I had bought more XOM recently.  It has since gone up a bit.  Tomorrow is the ex-dividend date.  From what some have mentioned and from what I have read, if I were to sell tomorrow I would still receive the dividend correct?  Just making sure.  
Yes. 

The ex-dividend date is the date that the company has designated as the first day of trading in which the shares trade without the right to the dividend. If you sell your shares on or after this date, you will still receive the dividend.

 

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