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Brookfield Infrastructure Partners L.P. Message Board

  • yelyacs yelyacs Jan 9, 2013 2:01 PM Flag

    nosebleed, again

    price stretched pretty far above 50 day MA and oversold on daily chart, like the last time BIP hit 37

    at least not totlally oversold on weekly chart and, since BIP in long term uptrend, at least price is in middle of a 2 SD linear regression channel

    I am sorely tempted to sell and wait for lower prices (VIX at multiyear low, prospect of brinksmanship in congress over debt ceiling in Feb has me feeling volatility will return) if it were not for the tax rules governing selling mlp's- I still have no idea how to easily calculate the cost basis of mlp's, beyond acknowledging that the distributions lower cost basis (to some extent, anyway, and that is where I foudn conflicting info) and sales are taxable even in an IRA, given the complete tax pass-through nature of MLP's like BIP

    guess I'll have to settle for trying to get a reasonable fill between the ridiculously wide bid/ask spread of the june 40's , I'll settle for the equivalent of an extra distribution or two a year (or selling at 40 if called awa-, there are other higher yielding plays I like right now like PSEC and, next pullback, QRE)

41.07-0.82(-1.96%)Nov 25 4:02 PMEST