(F and MF are great long-term holds, but due to risk management I can not own all three right now. I will be taking a slight loss on F, and a loss on the MF position.)
Monday, May 23, 2011
fyi... F, MF and BGCP
At the currently level BGCP is trading, it has a 8.7% dividend yield. (The yield is predicated on market activity, and I do not expect the yield to go below 7% with lower volume.) Also, technically, it is very oversold.
IMO, conditions are too enticing to pass up. I am going to re-adjust my portfolio tomorrow. I will sell my positions in Ford and MF, and use those funds to purchase BGCP.
(F and MF are great long-term holds, but due to risk management I can not own all three right now. I will be taking a slight loss on F, and a loss on the MF position.)
(F and MF are great long-term holds, but due to risk management I can not own all three right now. I will be taking a slight loss on F, and a loss on the MF position.)
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