I watched them on Consuelo Mack, I guess you can be real smug while being interviewed even if you made the wrong bets for the year? It is irritating watching the super rich with F'n smile on their face. I wish those two would stop making circuit appearances like they are celebrities and get back to work instead of just telling us how HARD and DAY AND NIGHT all sorts of hours they are.
I see these guys on CNN waaaay tooo much.
Why am I paying over a +40% premium for an underpeformer?
We should be punishing her, I guess we can forgive for one year but I suspect another crappy year and she is going to tank back to near her NAV.
I put orders in to re buy at 17. Just for grins. I suspect I will adjust it as the activity suggests. Was HOPING there would be a follow up of selling today but that appears to be a non event. Might need to just hold my nose and buy. I could reverse, right now, for a tidy "gain"..... We still have almost 3 weeks though. One sure thing is that I want to be back in next month. I will refrain from selling any until the end of December too.
Had to go up to downtown LA Tuesday, leaving about 10AM. Threw in a Day order to sell 1K shares @18.45 on PTY. Worked out............now I need to figure where to buy them back.....................
I'm figuring that by selling enough of the shares bought this tank in order to extract enough on my capital to get the invested amount equal to $ 5 a share retained effectively results in a "purchase price" that kicks out a reasonable yeild. Differs from my usual play of selling enough to get the actual investment to sub zero. Never have been able to figure the yeild on less than nothing cost basis. Oh well, I'll take it. More free beer for me. P.S. I already put in re buy orders for the suspected price dreop after x day. Seems like our friends are focusing on pty right now. We shall see. I have important things to tend to this afternoon though. Partner asked me to pick some abalone. I pick, she cooks. Sounds like a good deal to me.
That's a pretty nice basis on that PTY. I'm showing a total gain in excess of the value of the shares I own there, so I guess I'm OK, too.
Agree it's acting a bit toppy right now; if it moves up a bit in the AM, I might well lop off 1K shares......Dave
I'm planning on exiting SOME of the last pty buy soon. Question is when. Way I'm looking at it is to hang onto a larger portion than the capital gains will pay for. Call it an investment beings I do have new funds to put to work. You think a real cost of $5 a share is good enough Dave???? Just ruminating. My little infrastructure play has paid off quite well. Looking for more dividend increases there about 2nd quarter. Never did get a definite answer on the suitability of that in an ira. Seems that it is a function of exactly how much income it produces in relationship to your total passive income. Too complicated for an old retired fart like me.
Well, we have all been been awaiting that drop in market price down to NAV or less for going-on thirty-six months. A real ordeal if one is holding one's breath.
In the great "What's The New Dividend" string which ran here in late 2008, with fifty-something responses, there was a consensus of a drop in the dividend.
We are still waiting.
The shorts here believe that makes it ever-more inevetible. The longs here use the same history and say "ain't gonna happen".
Ultimately, that's what makes a market. Personally, I think as long as Bill is running the fund, the BOD will not drop the dividend................Dave