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Calumet Specialty Products Partners LP Message Board

  • jaime9_2000 jaime9_2000 Mar 8, 2013 4:06 PM Flag

    Late dump?

    CLMT was up solidly for most of the day, but it dumped about $.50 with a couple minutes left before the close. A late trade got us back to 39.58. A story was released this p.m. that the price of Canadian heavy oil jumped. Could that explain the late volatility?

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    • it's called daytraders. Didn't you get the note? The code was "the advertiseing campain" is about to start. What seems like spam is code for the daytraders. The bottom clearly formed at 38, but they got spooked with the late day article. Daytraders will be in and out of a position again and again making 2-5%/ week. Oh well whats a passive investeor to do. ~just be above the 10 day is all I ask. CLMT is a 43$ stock with the dividend on top of that. PT 45$, unless the Montana expansion comes, unless the speciality chemical side takes a big upturn, unless they get oil to the refineries better than the cost of rail, so many unlesses. lmao

    • Sometimes, this board. I tried to respond earlier and thought I had posted only to see it didn't, again. Frustrating. Does this board time out? Anyway and quickly, it could be anything, but it is possible someone did a same day substitution to cash in on their March calls. Sell all the shares in one lot and exercise the calls at the same time. It wasn't that long ago that March 35s would have been fairly cheap.

25.36-0.08(-0.31%)Mar 27 4:00 PMEDT