Hopping back into the market soon
It looks like prices are coming down again, which of course always gets me excited. Disney is looking especially attractive to me right now, and even better, I own a very small amount of it which is going to be great for cost averaging. The timing's alright too, a nice time between now and when they declare their dividends for the year. (Disney is a once a year dividend payer, usually in late December.)
Who would have thought that the little oil price bubble we were having would pop just as I was buying options on it? Harvest Energy is now trading under $5, which makes the likelihood of my option expiring worthless very high. If I sold it now I'm down about 98% after the fees. Lesson learned, this kind of leverage is not for me. However, there may be some motivation for me to be on the selling side of options, that gets you some guaranteed income, and you sort of take the role of the house side of the casino that way.
You know, on the plus side, Harvest's yield is approaching that magic 13% number I was talking about before. It's a shame I'm so heavily weighted in pipelines right now.
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