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Knock on wood. I do think that we

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PennyWorld Member Level  Tuesday, 03/19/13 04:48:33 PM
Re: midastouch017 post# 149
Post # of 181 
Knock on wood. I do think that we may be going into a lull here for the next couple of months until we get closer to the next earnings report. Could be more pull-back opportunities to scale in (average down). Unless they issue some smashing positive PR in the meantime.

What bothered me was the SEC took $120 of my $480 March 14 dividend. I called my broker (Trade Station) and they tell me that since it is an international stock (not based in the USA) that I must pay a fee to the SEC. The PR stated that it was a 'withholding' thing, but I'm being told that I will not receive tax credit with the IRS. Rather it is some sort of SEC fee (comes out to 25% of the dividend). I think it smells neo-crooked to me, although I'm sure it's legal.

I'm not pumping here, but another penny stock I'm averaging down on is CVO. Had a small PB today and most important there has been some very heavy recent insider buying at around $2.30/shr. I don't like the debt but they look like they are getting a handle on that now. From a TA standpoint (technical analysis - charts, etc) CVO has been having a strong PB from the beginning of the new year. For me this is not a swing trade play, rather an intermediate one (1-6 months) or longer. MGIC has always been a tried, tested and reliable for me over the years (buy low, sell high). One of these days I suspect that there will be a buy-out attempt by some big gun cloud s/w company which would put a fire under the MGIC PPS. Only time will tell.

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