Also paying today was QR Energy, which was traded recently with a November call. QRE went ex-D on July 26 with a 11.1% dividend yield, and $.35 extrinsic premium (enough to make the trade worthwhile if immediately called). Hopefully the October 26 dividend will be paid, or the call will be rolled forward to Feb. 2013, depending on future price action. The chart is a typical Wyckoff selloff and Trading Range, enhancing the dividend.
So far this year, despite a lousy 2nd Quarter market, and a rare loser - SVU - the small model IRA is on a 8.6% annualized pace, about even with the S&P 500, without the unhedged risk. BTW - this pure proxy account for DITM is making new all-time highs while the markets are not.
The Ned Davis Research chart, which I wrote about in my Examiner.com column:
shows that since 1900, all markets tend to rise into Oct. 1, with the overall trend, and the incumbent-losing trend continuing up until year end - only with the incumbent (Obama) losing, does the market tank precipitously in mid-October, never to rise for the balance of the year.
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