Yeah, I think I can. Some support here, better support at 440, then in the 3's. Look out below. But fundamentally speaking, is CMG a for-profit company or a social statement? They are punishing their customers by boycotting pig farmers and conveniently attempting to upsell to barbacoa because they can't or won't run their supply chain. They paint themselves as heros, but I'd never invest in this [responsibly raised] pig. Maybe they really just want to go vegan. I'd like to go on, but it's dinner time and I'm off to Qdoba.
Agree with this thesis. GBX, RAIL down too, though not hammered like TRIN. Ironically, TRIN's railcar backlog increased and that business was very profitable for them. This is a "...baby out with the bathwater" reaction. I'd expect the sector to snap back Monday, maybe with, maybe without TRIN.
And everyone knows Cramer is like the Internet: He can't say anything that isn't true...
Methinks wise shorts will consider covering today as the market blips down, but I'm not Cramer, so I could be wrong.
Watched the meteoric rise after getting the heartfelt emails from JH whom I thought I unsubscribed from years ago. Watched the price plummet last week then rebound dramatically after JH spammed me (and likely a million others) again with a repeat of the MGN "story." I used to fall for such folly, and I have to admit it still tweaks my curiosity, but it always ended badly for me, so I am content to sit back and watch this one. If your only "research" is reading emails from JH, I suggest you cut your losses or do some due diligence of your own so you know why you're holding MGN.
Just looked at the 10 day forecast for Michigan. We're going into the 40's next week. That's when we all turn off our furnaces and quit using electricity. The local utilities throw a couple cans of Stabil in the natgas storage caverns and it sits until we turn our furnaces back on about the middle of next January. Sure y'all do the same though you folks in International Falls MN might be a week or so behind. So there's all year long to fill up those caverns and salt mines, and if anyone gets excited because there isn't enough pressure to get gas out of storage, remember you can just call Warren Buffet and have him send you some on the choo choo train.
(since this is Yahoo, I feel compelled to mention that this is pure sarcasm, our country is really low on natgas after a brutal winter, this summer sees a lot of new gas electric plants come on line and we do have a few air conditioners in MI)
Well played RT3...
The BOIL one-year chart does look like a nice symmetrical inverse head and shoulders though, so at least the near-term direction looks up, even if it won't be quadrupling anytime soon.
Yeah, I'm sure it happens. Is it an excuse for every bad decision, unanticipated turn of events or plain old bad luck? Not hardly,
but when you're just a greedy, ill-educated small-time speculator, it is certainly handy to have a big old monster to blame for your investing mistakes.
Why do you invest in an MLP? Yield, yield, yield. Right now BWP yields 3.10%. I would expect a quality MLP to yield roughly double that. That would be a competitive rate of return. BWP could yield 6.2% today, but the stock would have to split the hard way (drop to $6.32). Don't like my thesis? Tell me what the divvy is going up to when and why. Oh, and please, save yourself the embarrassment of regurgitating the takeover fantasy.
Not funny at all. Just a little logic and common sense. Sad for longs who got blindsided today and a little sad for everyone who bought on the way down based on price without doing any rational analysis. I like MLPs, and have done well with them, but if you're in it for income, you need to diversify, and I like to do that with closed end funds and ETFs.
Good advice. I used to do that: Buy on the first day of the drop then go out to the Yahoo boards and try to pump the stock. That was back when I was on the "Buy Low, Sell Lower" plan.
Yeah, frenzy buying in the 12's maybe.
So if you've followed it forever, or for at least a day, you'll notice distributions are down 80%, but the price is only down 40%.
I guess this would have to be the big questions with MMLP. Judging by price action, it apparently doesn't concern investors. Can someone explain why?
Rollback on cutlery in aisle 4. Go catch a deal on falling knives
How many times did the CEO say "that's a great question Melissa" during his interview? Or put another way, how many questions did Melissa ask him? Quite patronizing and quite annoying... someone needs to coach this guy. Otherwise, good luck longs.
Just caught a Tempur exec on CNBC bragging about the recommendations customers make. C'mon, you think people who pay $4K or more for a mattress are going to admit their purchase wasn't wonderful? I just did some serious mattress shopping, and I believe you can get a superior mattress for less than half. That said,. there is value in name recognition, and if that's your goal, enjoy your pricey mattress, but they should come with a bumper sticker or key fob since the product gets covered up with bedding.
Not sure, but I can tell you that paying $2 over intrinsic value is NOT a good buy price. Morningstar computes and lists the value of the underlying assets in EFTs including AGQ: http://etfs.morningstar.com/quote?t=agq
As of a few minutes ago, there was a two buck premium. Sometimes it flips over to a discount. Discounted or even would seem to make a better entry point. I think silver sees $26 before $36, but that's just my opinion, and I'm not writing this from my private island if you catch my drift...
That would be the same Cramer that said "buy gold" a couple days ago?
BooYah baby! Want to improve your investing performance? Ignore Cramer, his commentary and his recommendations. You can't use him as a contrarian indicator, nor can you trust his opinions. Learn to make and trust your own decisions.