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Re: None

Tuesday, 05/24/2016 12:10:53 PM

Tuesday, May 24, 2016 12:10:53 PM

Post# of 235
Just took a cursory look at your Surge Energy. There's some good things, some not strikingly positive. Of course the "F" designation---for those unfamiliar with non-domestic issues---establishes it as domiciled out of this country. On the obvious surface is the "pink" designation which most experienced investors will and maybe even should---avoid. However, this is not your typical domestic pink sheet stock, not at all. And it's labeled pink because of the "F" and has nothing to do with the OTC market as we know it in America.

It's rising at the moment, presumably due to going ex shortly. And while the payout is just under a half-penny, the yield is not unmentionable being as you can buy a piece of stock for $1.86.

The big "however" for me lies in trading volume. I've got some picks that don't provide income for me; and some that hand me both cash incentives as well as capital appreciation. SDLP, for example--- I sold a bunch at $6 right after locking the most recent distribution in. I started repurchasing today at $4.74. And I'm using some of the distribution $$ to finance things, cannibalizing. At the same time, though, SDLP's trading volume exceeds 1.2 million units which is well past my financial capability. One can always buy or sell SDLP without worry.

Now, in the case of Surge, there's not enough volume for some traders. Any time I find volume beneath my desired position depth, I run the other way. This won't always make sense, I'll agree, but as a rule of thumb I think it serves me well enough.

Now, T---you're a resident expert here (professional), so I hope you'll accept my invitation to voice your ideas. And I appreciate your divulging some picks. I'll definitely look at each.



Volume:
Day Range:
Bid:
Ask:
Last Trade Time:
Total Trades:
  • 1D
  • 1M
  • 3M
  • 6M
  • 1Y
  • 5Y
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