Listen and listen good......You are okay at $100 price. Just hold onto your shares here and collect fat dividends four times a year. Your $100 cost basis will be reduced by 8-9% every year by the high dividends here. A bank CD will pay you 1%. So, a year from now, $100 cost will be $92 cost, since reimbursed $8 dividend. Two years from now your $100 cost will be $84.64; three years from now your $100 cost will be $77.86 @ 8% dividend. In a lousy CD, $100 in a year will be $101; in two years $102.01. So, calm down and relax; you are still okay bunko.....!!!!!
When things go nuts with inflation or a #$%$ Muslim war in the middle east, you will clean up!!!
I'm asking myself the same thing. I bought into BPT at 90. I totally feel like selling and buying, say, AMZN with it's 3100 p/e ratio. I'm restraining myself from making that trade. Because if I'm almost selling BPT today and buying AMZN, it means this is the 52 week high for AMZN, and the 52 week low for BPT. That's just the way it is.
Plus we're 3 weeks away from the dividend. That has to be a catalyst to launch this stock higher.
Just keep your $90 BPT and enjoy the nice dividends. Either the dividends or inflation will make $90 price insignificant over time; be patient and don't get worried, sit back and relax since the world will end in about 2 hours EST anyway.
Sentiment: Strong Sell
It looks as if the tax loss sellng has caused some urgent margin calls on certain BPT shareholders who, once again, BORROWED TOO MUCH! Sad , but a stupendous buying opportunity for the wise.
Sentiment: Strong Buy