tdeck
5 months ago
Whats up brother, well your EPD has been a shining star well done was so tempted to jump in for Doug but just need not steady great income as it give you, I need some Peace Out focus to get Doug where he needs (wants and I promised) to be by years end, but man you really picked a sweety in EPD give credit where credit is due.
Hope Doug sent you the links about a month ago about your area of expertise midstream upstream they said a few months ago was severely undervalued.
Send me a text I cannot find your number on the phone want to have a chat and I am paying $13 a month to PM until I know the yo's are gone but I am here until pluck my nerves, LOL.
One thing a heads not so much an investment more a flip (only because I don't do the investing longterm in the drilling game) but borr had a hit lately because Saudi Arabia cancelled a few rigs and that was a gut punch but they had finally started paying divies it hit $9 I think a good number to shoot for for a flip is anywhere between $7.50-8.00 opened up just above 6 on news at 4AM but I think decent % flip I am gonna try to grab some $5.50-6.00 on open sell the news dip, we shall see. u just a swing to make the Augie dog some steak money LOL hope the Augie dog is doing good been thinking about him.
Will be seeing you more than likely January just a couple day stop am heading out to have a look at Montana for a home, but may make it August as I am supposed to go to Boeing classic with Doug and between idiots that are in the airports and on planes now and the Boeing planes as of late (where would one start) if I go I am gonna take a sleeper car and stop various places along the way, we will speak and see when and if is good time with the misses hope she is doing well I send my best. I probably will go in August it's like but even taking the sleeper car on Amtrack I still have to go to Seattle blah, but he's my buddy and asked more than a few times so I am gonna bite the bullet most likely make a month long trip out of it and deal with the crazies in Seattle for a week then the rest wherever just to stretch my legs for a minute as I am almost done mommys house.
Okay sorry EPD guys i started talking about it but had to speak to him on something else my apologies, and BTW as I told Gary damn good turn of events here, he always knew, sometimes us younger know it alls need to listen to the old dogs, makes us look in the mirror and check our young arses LOL
Congrats to all, futures so bright you gotta wear shade.
peace out.
OldAIMGuy
7 months ago
Hi Pete, Re: EPD Price and Upgrade.......................
Those are just above my next targeted harvest price. I'll take some $$ off the table at $30.77 for future rainy day purchases.
I now have about 16% more shares in EPD than when I started and slightly more cash held in reserve as well. Without dividends, the holding is up 19%. I've had 5 Buys and 4 Sells of incremental amounts over the holding period. The best accumulation price was $13.48 while the best distribution price was $29.38 so far.
Through those small, opportunistic trades, I've been able to take a stock that's only gone up 3.8% and managed to increase the return to 19%. Collecting EPD's generous distributions has also helped in the total return.
Best wishes,
OAG Tom
OldAIMGuy
1 year ago
Hi CM, Re: GTC Limit orders both buy and sell sides...........................
Thank you for your thoughts. I guess it has a lot to do with one's methods of inventory management and control. For me, I think I've had as many nice surprises as bad ones - maybe more. Limit orders have an unstated "or better" feature, so if there are surprises at the open, they can be a better price than your original limit.
I'm not a person that sells all or buys all at once. Generally my buys are for ~12% additions to share inventory while sales are for ~10% of inventory. This limits the size of the "mistake" that might be made by leaving an outstanding order for 60 to 90 days.
Best wishes,
OAG
pete807
1 year ago
Even GTC orders expire in 60 days.
I use use GTC for protection against borrowing, and place the price at what I consider out of reach, or if sold would be such a big win. Knowing the size of the float and the number of institutions in it makes a surprise in this stock VERY unlikely for traders that do it for a living.
IMHO good traders know how to take profit, hence our LIFO discussion on making money between quarterly distributions to increase the yield. Having a plan is very important, no? Whether it is a used car or the casino.
I was told by a large company head of Human Resources; "The worst addiction to cure is gambling"
I use a big brokerage firm but do all my own trades. The Schwab head of my region called me and we had a great discussion. I remember after congratulating me he said "I have a lot of people who don't know how to take profit".
My guess is they don't follow the markets or trade daily. Of course surprise becomes likely.
I agree with OldAIMGuy's signature line:
"Buy from the scared, sell to the greedy".
I respect your opinion but our's works well too. The key is HAVE a plan, and be disciplined.
No checkmate here, just a stalemate.
-pete
chessmaster315
1 year ago
GTC limit orders, IMHO are risky, in several possible senarios:
1. A black swan. If something really went south such as oh, just a guess, a crushing lawsuit. Then you would pick up "cheap" shares, that may not be that cheap after all. A dividend cut for EPD would be a black swan, since they have raised the dividend, about 24 years. So investors would not be happy with a dividend haircut.
2. The exact opposite, such as a M and A. What if, oh, I dont know, someone offers to buy all the shares at $50, and the price shoots up very very quickly..except you miss out because you sell yours with a GTC limit order, based on you "not knowing" about the M and A. Its almost like limiting your upside with a covered call.
3. What if you forget about your GTC order? That is not impossible, and a GTC order of $28 may be obsolete in several years, or even sooner.
4. In addition to the above, EPD "making the dividend aristocrat list" could be very very good for current shareholders, spiking the price, and you may, again, miss out on some of the gains.
For reasons above, I dont use GTC orders.
I noticed, when I went to carmax to sell my car, they make a written offer...its good for about 7 days. Why? Because market conditions change and next month the car may well be worth more or less than today.