bertcoin
Long

NAT - Nordic American Tanker

NYSE:NAT   NORDIC AMERICAN TANKERS LIMITE
nat
86 2 6
nat
5 months ago
Long term trade - in my IRA. Will dollar cost average in over the next few weeks as we see what plays out.

Good support line for NAT             to reverse (2nd tag and testing). RSI and MACD cross looking similar to previous reversals. Dividend near the magic 10% point and insider buying. Need volume to come up - maybe Friday's NFP will be the catalyst.

If going straight up, may pause as passing through various moving averages . Will be hard to break through the down trend from recent highs around $14.50 to $15 if you don't want to think really long term.

If breaks below 9.94, will dollar cost average in to historic low around $7.
5 months ago
Comment: Bought first lot 9/1/16 at $10.18.
Buying 2nd lot (same size) on the S&P dip/reversal today just before close. $10.57
5 months ago
Comment: Issued shares today as expected. Debased 12% and dropped price after hours about 6%. 5% of the new issuance is held for insiders. I picked up a little more after hours at $10.09.

snapshot


Would like to see the consolidation pattern continue. Since they already dropped the dividend earlier this year hopefully will stick with $.25/share.
4 months ago
Comment: Broke down from the channel. Some bullish divergence on the RSI/MACD vs. the breakdown so while I am optimistic that this is the low, I have to plan as originally for dollar cost averaging into this green area as well as the historic low.

Again - this is a long term dividend play. The new lower dividend started at 7% and is already back up at 10.81% where retirees like it. At the historic low, it would be a 14% dividend.

snapshot
4 months ago
Comment:
snapshot


With the S&P and Oil possibly on cyclical down legs and the market coiling for the election in general, I'm not confident in holding support here. With insider buying, a funded larger fleet and holding the dividend at 26 cents this quarter, I should be more confident. Not happy the 10% haircut turned into a 20% drop in price. I'm continuing to plan for averaging in around 8 (13% div) and 7 (14% div). I'll be all in if it gets to $7.
VirtualFax
5 months ago
Thanks, bert, for the heads up! I expect the sale to continue into tomorrow
Reply
VirtualFax
4 months ago
If the channel line holds at close, she might have bottomed today. Went long with a small position at $8.79

snapshot
Reply
Ideas Scripts Chart
United States
United Kingdom
India
España
Italia
Brasil
Россия
Türkiye
日本
한국
Home Stock Screener Economic Calendar How It Works Chart Features House Rules Moderators For the WEB Widgets Stock Charting Library Priority Support Feature Request Blog & News FAQ Help & Wiki Twitter
Private Messages Chat Ideas Published Followers Following Priority Support Public Profile Profile Settings Account and Billing Sign Out