"ps// and why don't they issue a press release to explain this situation and correct the down-draft?"
Let's hope that happens sometime before the market opens tomorrow. However this stock always seems to rebound quickly, tomorrow should be a great day for anyone that bought today. JMO
If you look at the charts, this stock never stays down after a big drop more than a few days. We'll be back above $17.50 by October 1st. There's nothing wrong with the company, just another over reaction by a few that didn't understand a PR.
Sentiment: Strong Buy
I'm new at trading stocks with cash distributions so let me make sure I got this right. ALL shareholders, not just BENEFICIAL shareholders owning 5% or more will receive $0.15761 per unit on October 14th if they are a shareholder of record on October 4th. Is that correct? The statement "cash distribution to the holders of its units of beneficial interest" made me a little unsure.
I'm holding 9,200 shares at $16.70. I can't believe we are sitting this low. My goal is to sell @ $17.95, now I'm just wondering how long it will take to get there. Today's PPS better be the bottom. What are your thoughts?
That must have been a fat finger mistake, the charts here say the low was $15.75. There is no way it dropped another dollar and went back up in seconds or something crazy like that. JMO
I see they changed it. The chart still shows a bottom of $15.75. If it really made it to $14.75 it didn't trade much there.
I thought we wound be back up to $18 already, so yes that is disappointing, but for a day the market dropped so much we are fortunate ROYT held up well for the day. The PPS could have dropped even further. I bought at $16.70 so I'm not so happy about the currant PPS, but I still have every intention to sell this for $17.70 and make a $1 per share. We will see better days, just not a soon as I had expected.
Every time I think the PPS is headed back over $16 it drops back down. I'm in at $16.70 so I'm not too happy with this trade at the moment, however I think we'll be in the $17 to $18 range before the end of this year. I'll pick up a dividend for October, November and December while I wait to sell this stock at $17.70!
One year ago they declared a $0.13939 USD distribution and the stock was at $18.22. Today they declared a $0.14756 USD distribution. We'll see $18 again, It's time for the institutional sellers to get back on board.
I'm not even trading this stock, but people like you should be ashamed of themselves. You should never celebrate the fact that someone may be losing their money or even having a very bad day. You obviously aren't a Christian and you should know that if you don't except Christ you will wake up in hell one day. Good luck and enjoy the money for now, but it wont keep you out of hell!
Romans 6:23 For the wages of sin is death, but the gift of God is eternal life in Christ Jesus our Lord.
It looks like we found the bottom finally. I think the run to $17 will start as soon as people feel confident this is the bottom and tax selling is over.