Trade: Ensco PLC (ESV)
Notes:
Stock Ratings: 1 = buy at current stock prices, 2 = buy on a 5-10% dip in stock price, 3 = sell on a 5-10% increase in stock price, 4 = sell at current stock prices to raise cash. Ratings are based upon 12-18 month outlook on stock direction and not necessarily related to moves I make due to financial positioning.
Stock Ratings: 1 = buy at current stock prices, 2 = buy on a 5-10% dip in stock price, 3 = sell on a 5-10% increase in stock price, 4 = sell at current stock prices to raise cash. Ratings are based upon 12-18 month outlook on stock direction and not necessarily related to moves I make due to financial positioning.
Today I bought more shares of Ensco at $45.43. The stock has continued to drop due to falling oil prices and lack of favor with deep water drillers as a whole. The stock now yields over 6.5%, but I will admit I bought more too soon, especially since the stock dropped to almost $44.50 during the day. I don't expect to make any further shares without first raising cash as well as the stock getting closer to a 7%+ yield.
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