BPT is at 30% of my portfolio now! Had two hundred at cost basis 70 and bought 600 yesterday at 67.60. watched steady selling pressure today. If she approches 64 i will double down, but tempted to buy more at these levels. Is this what margin is for? Just kidding.
NEVER have one stock, bond or other item be more than 10% of your portfolio. . .except perhaps government bonds, etc. . .I stick to 5%. . .just for disasters like BPT - going from 73 to 65 in two days!!!
Look at a ten day chart. Tell me this stock is not oversold. Tell me that energy will be getting real cheap thats why every country in the world is scrambling to lock theirs in. Tell me what will happen to this stocks PPS if the next dividend comes in at 1.80? This is a unique opportunity no cliche. Ill buy this stock till im 100% if it goes that low but it wont. People will figure it out. This stock might go lower but in a year it will be cruising and paying dividends all the way. And yes when the dealers got a 5 showing and you have 11 you doubledown. IMHO