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  • only_one_cannoli only_one_cannoli Nov 17, 2012 1:58 PM Flag

    This week was a test

     

    More selling ahead I hope as I'd like to add more calls. I've been inspired by Xion's all-in approach and had planned to chuck the 5% rule this time but missed buying at the bottom ... hooray for us if this stock hits BV or better by jan.

    I'd like to think the buy back is done - that maybe Mr. Kain's presentation @ BofA on Tuesday followed by the heavy volume buying end of the week was intended as a one-two punch by mgmt to turn pps around. If so, mgmt might have spent its 500m and we re-visit the 28s or 29s before the big move up. Probably wishful thinking on my part. Maybe more selling ahead between ex div and end of year and another buying opp then, I hope.

    Doc, fwiw, I thought the MLPs were a worthwhile trade, that the market just picked the wrong time to take a big dump.
    Best o' luck all

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