Whoops - you shorted at $25. Nice work again.
Thank you very much for the compliment. It is appreciated. Not sure that I am much smarter than everyone else, but I have some good friends at my local Mensa Society.
The article says "it's been getting squeezed down closer and closer to a breakdown below our $43 price floor." Why do they list $43 as a price floor on the stock? How reliable is an article like this?
As I am still working and investing, this market may be good for me with the lower prices. All of my IRA proceeds can be reinvested, so that will make for a good entry level over the next few months.
Not sure why the REITs continue to fall, but they price levels for some of these stocks are incredibly low. Some great buy and hold stocks for the next couple of years.
I have a limit order on ETP at $41.50. If there is another crash like this morning, then it will hit. If not, then I will just wait for the right prices. My preferreds held up like a rock today and that is about 50% of my portfolio now.
I had sold out of my TLP position when it hit 40, but am back in this morning. The T Rowe Price website did crash, but TD Ameritrade was up and running.
Not sure who was selling this morning, but those investors clearly made a mistake and sold at the low. No reason to sell solid companies that are growing earnings.
Thanks David. There are a number of great MLPs out there now. I appreciate your response. Like the fact that they are increasing dividends.
It is right in the press release. 542 months in a row.
Do you think the SEC has 10 agents on this case now? Or maybe they have 20 agents assigned?
Investors are here to discuss ideas on REITs and other income producing stocks. I like most of the discussion here that revolves around investments.
You certainly made an excellent purchase at that price. Wished I could have bought at the same price. I will be looking to purchase shares on any dips in price.