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Crosstex Energy, L.P. Message Board

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  • ross.john51 ross.john51 Jan 12, 2010 2:11 PM Flag

    Pulling out for the short term

    I bought in at $6.81 and was conflicted overselling when the stock went into the $10's on the bid, but I realized I would just end up in paying 50% in taxes on the gain, so I bet that between now and November when I can sell and only realize cap gains taxes, the stock may well be at $15. I am betting on 2 good quarters of earnings reports in the first half of 2010 and a good 4Q report in 2011 plus the reinstatement of dividends at perhaps $1 per share.

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