Replies to post #303 on Dividends , The Wheel --Cash secured Puts and Cove

[leftovers]

Looks Like Warren was right! He called for 50% drop in stocks. Problem is I don't think he anticipated the government would shut down the ability to make money on top of that.

We could see another 50% drop from here and land the dow at 10,000 or lower.

Kinda like what happens to penny stocks a loss of 90%!

I think at this point even the Saudis and Russians are deer in the headlights!

[leftovers]

DCP Midstream to cut 2020 capex by 75%, slashes dividend

DCP Midstream (NYSE:DCP) cuts its 2020 growth capital program by 75% to $150M, down from its previous guidance midpoint of $600M, and chops its quarterly distribution in half to $0.39/unit from $0.78/unit, in response to "extraordinary and volatile market conditions."

One by One down they go.... DCP Still a pretty good dividend for a new bee longer term holders been wiped out!