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Strategies & Market Trends : 50% Gains Investing

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To: Spekulatius who wrote (100791)5/11/2011 4:11:28 PM
From: E_K_SRead Replies (1) of 118717
 
Re: MHR & their preferreds.

Hope they have enough left over to make their dividend payments on their preferred issues as I bought more of the MHRpD 8% preferred today. I am betting that they will. Been peeling off shares from my profitable commodity stocks and parking the money in this preferred. I also have the MHR and GMXR May options that expire next week. Hope to receive some more cash that I can use to buy the GMXRp and MHRpD.

What is interesting is that the MHRpC 10.25% is very near it's all time high at $25.85 (all time high was $25.95). The MHRpD 8% goes ex-dividend tomorrow at $0.33/share. They pay monthly which is a good feature for me as I am using this like a Money Fund.

EKS
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