Please explain. I am at a loss. The fundamentals are good. Also, it's a safe trust in that it only ends if the land it owns is ever depeleted of iron/ore-- so no real worry there. It's been around forever, so what is causing this stock to fall?
Simple, this stock is falling because the SHORTS are in full control! However, MSB will certainly go up once the weak hands sell and help cover the shorts! It's either that or some unexpected positive news. That's how the market works, all the time.
And with the price falling, those who might normally give support to a small pullback, are all in fear. I like MSB, and would like to have some in my portfolio, but I don't want to buy at $35, and then take a $10 per share loss.
With the knife still falling, it is very hard to see buying. Of course, the timid money may give it a real run, when the price does turn for a while.
<<Maybe it has something to do with living in Wisconsin. I'm NE of Sturgeon Bay. Where are you?>>
Georgia. But MSB was the very first individual security I bought, back in 1992: 300 units at $1.75. Got a whopping $0.10 distribution that whole year, the same 6% it's delivered almost every year since. I'm sure, if there had been Yahoo message boards back then, that folks would have been bashing the low yield, overpriced units, but the last 20 years have been pretty good. I've traded other units in and out over 2-5 year windows, but I've always held on to those first ones. They remind me that time will heal short-term losses, as long as you've got a structurally sound organization.
I looked back on the board and see your Jan 10/11 post where you reached the same conclusion on seasonality. Maybe it has something to do with living in Wisconsin. I'm NE of Sturgeon Bay. Where are you?
<<I looked at the MSB prices for the past ten years and have repeatedly tried to refute the ignorant notion that keeps cropping up here that the routine shipping fluctuations are mirrored in a seasonal price movement. But it appears to be a hopeless cause.>>
It is. Once people get an idea fixed in their head, there's no way to get it out. No help to explain that history shows only 50% probability of decline Jan-Apr. No help to explain that, if there were a predictable 20% decline in unit price every winter, some hedge fund would short December or buy April until the difference went away. I suppose there's a whole set of people who think shares of BestBuy become worthless every night when they close the doors.
I only hope this isn't a down winter, or we'll be saddled with pundits riding high horses of confirmation bias for the next year.
This trust is down because the export of iron ore is stopped. The winter weather at the Soo lock has closed the lock for 4 to 6 weeks.
Around 1 March the lock will reopen and the trust will bounce back.
This is normal for MSB.