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BP Prudhoe Bay Royalty Trust Message Board

  • rockytopbva rockytopbva Nov 12, 2012 1:46 PM Flag

    No signs of a bottom

    I have been eying this stock for months. If you do a full date range chart you will see this stock spent much of its time below $20. It is a clear falling knife type stock... Could possibly return to $20 with much losses to the shareholders.

    Sentiment: Hold

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    • I actually bought this stock. My first... at less than 10. Made a killing .... but got out way too early. I owned quite a bit. Sold at 30.00. After years of divis. Bought again at 50 and sold at 70 for a quickie. I think it's possible to get back there. With the Messiah running things at break speed. It's more probable than possible. He's a walkin' tragedy. I sold 90% of my portfolio on nov 7th at 9:31. THANK GOD!
      This was the easiest trade of my career. haha (easier than finding a homeless crack head in Detroit)
      America is finished as a great country. And as investor, it's well down on the list as a good bet.

      There's no rule that says I have to love or invest in my country. A country ... is like a friend. They can turn n you.

      Will take a closer look at BPT at the first of the year. The bleeding will be horrific.

    • " If you do a full date range chart you will see this stock spent much of its time below $20."

      Sure and so did oil.
      If oil prices go back below $20 and stay there, then so might BPT.
      Otherwise your observation is worthless.

    • With a dividend yield of 12.5% I don't see a falling knife. I don't care how much you tax it, this is a pretty awesome return.

 
BPT
44.24+1.10(+2.55%)Aug 28 4:02 PMEDT