Until recently I don't recall BPT ever trading 500,000 units in any day. The average has not been 150,000. I have no idea how to do it, but if anyone can.. I would be interested in seeing the average in 2000, and in in 2004. The average has been going up recently because of recent, heavier volume than normal FOR BPT. If there is a way to check historical volume, it would show a dramatic increase.. I'm sure of it.. or I wouldn't say so... don't like being wrong.
Don't you remember that BPT has just recently been put on the NYSE, and now all the big boys are able to buy and sell. That is (in my opinion) why the volume is up in the last couple (few) months.
Anything is possible. But there is a genuine interest by investors looking down the road. Yield is becoming more important in light of expected diminishing market returns. Balancing out portfolios which are heavily tilted towards growth and cap gains requires a blend of these sort of instruments. Most don't have any. The "why now" when the pps is so high? That is the issue you should consider. Is this the initial wave of non-oil-savey boomers to find BPT?
FWIW, CITI's pump didn't alter my investment decision. And I encourage long term holders to take their gain if they don't need the tax burden the units create. The 15% CG rate isn't going to last forever. CITI just provided a window of volitility for those who want cash instead of future yield.
As I said, I didn't recall... math was kind enough to remind me.
Don't know where you would get pump and dump... I've been holding and it's what I've been recommending.. haven't been going back and forth.. as some others here have.
MC633...: While there certainly have been some fairly big swings in intraday unit price lately, current price volatility isn't near setting any records from a percentage change standpoint, nor is the daily tranding volume close to the record of 1.17M units set on 13-Apr-05.
MC633...: Here's the data regarding trading volume you were interested in seeing:
report is due out at 10:30 this morning for crude. I think it will go down as we have stockpiles, and no middleast oil problems (yet at least) in the middle east. I sold bpt at 90 and would like to see 84 or below to hop back in. I missed it yesterday, and might again today. Might set a limit order, when I go out today, but thats risky as it could go lower.