Sorry. I didn't mean to be obtuse. I think you now know what I was getting at: all securities are not treated equal, and the difference between a 1099 report and a K-1 can cause you a lot of extra accounting at tax time. Many traders only see the CQP (and not the MLP) and think its the same as XOM (and that's a INC.). If you trade in and out... well go to any MLP board for the end of March and look at the K-1 questions. And K-1's aren't even due until April 15th! It can be a mess.
Thanks. I understand the MLP structure, although this one is very complicated. I thought your previous post was implying that because investors traded CQP like a stock, instead of like a partnership, there was some inefficiency in the current stock price. I apparently misread your post.
My message April 13, 2009. The samething will happen in the next 90 days. Buy low then sell high.This time it went to $8.00+. It will back off to $4 or $5 then in 60 days back up for the dividen. CHECK HISTORICAL PRICES. You can pick up lunch money this way. Over and over again. This stock is going nowhere...
Re: Nice Rally 13-Apr-09 08:13 pm It want hold. Someone will pumps this stock up to around $7.00 a share then there is a sell off down to $3.50 or $4.00. Then samething over again with a couple hundred thousand shares.Look at the Historical Prices and you can see the up and down ride.
I am not quite as confident we will see the 4 or 5 level. I hope to buy back in around 5.60. I agree that we should then get another chance to ride it back up ahead of the dividend payment. The last ride up was sure fun.
It started trading ex today. The record date is Friday, not today. The shorts almost always try to push high yield stocks down on the ex date. If they are successful, stops will kick in and the stock could go a lot lower, like CQP today. I like to buy these types of stocks when it looks as though the decline has leveled out, but I haven't done enough research on this company yet.