I'm so very glad we made it through Monday w/o a big MLP sell-off like last Friday. I now sense forward momentum coming for EPD, ETP and PAA and especially for CQP who just announced. My exit strategy is to throw my chips in a day or two before Ex and put the MLPs behind me, and hopefully I can recover half of what I lost.
I think everybody's exit strategy is about the same, exit 1 or 2 days before XDIV , I still think these MLPS can be played successfully in a normal environment. This election is causing a different market reaction then most. One thing I would do different in the future is not take a position untill about 10 days before XDIV or maybe not even until the Div has been declared. Smaller upside potential, but much less downside potential. I,m still learning and open to any advice.
Past performance didn't show the PPS breakdown that we had, this close to EX.The game isn't over yet but I'm hoping to at least BE before EX date.I'll stick with AGNC and I'm looking for an entry price for long term calls on TOL, the chart is on a steady uptrend.
Same here jim, for me it's just about seeing how much my losses can be mitigated before exiting the positions now. Then on towards finding a way to earn some of the lost money back before end of year if possible.