NAT - Nordic American Tanker

146 2
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.
评论: 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
评论: 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.

Would like to see the consolidation pattern continue. Since they already dropped the dividend earlier this year hopefully will stick with $.25/share.
评论: 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.


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.
评论: Here it is at 7.01 with high volume. Dividend was decreased earlier so is now about 11%. Final purchase here.
If the channel line holds at close, she might have bottomed today. Went long with a small position at $8.79

Thanks, bert, for the heads up! I expect the sale to continue into tomorrow
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