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Great Northern Iron Ore Properties Message Board

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  • lizahuang54321 lizahuang54321 Dec 30, 2010 2:59 PM Flag

    Ignorant investors

    He is 100% correct. Over the next 4 and a bit years, the unit price of this trust is GUARANTEED to drop by about $140. Which is way more than the distributions it will pay out during that time. The only unknown is how it gets from here to the ~$8 price where it will end up in ~4 years. Either it will go down gradually or more likely in huge drops. And the longer until the drop comes, the bigger it will be. Anyone holding when the drop comes will be big losers.

    You are the one who is not rational enough. This is the surest thing to a guaranteed loser that there has ever been in the stock market.

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    • "This is the surest thing to a guaranteed loser that there has ever been in the stock market."

      Wow, you don't know what you are talking about. While there is a high probability, it is nowhere close to the surest thing.

      Double inverse ETFs go to zero over a long enough time frame, just one example of a surer thing.

      If the payouts on GNI were fixed, you'd be right. They are not. While I think it is a fantastic short play as you do, it contains more risk than you are aware. Sure, it isn't much risk, but there is some.

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