1. A ton of overhead selling pressure. No pop has ever lasted more than a few days going back 10 years.
2. OCAT is NOW shortable by EVERYONE, not just market makers and brokers.
OCAT has to do a JV or else. As I said 3 years ago, only big pharma can validate OCAT by investing in it.
The idiot bashers here are not short; it is not possible for 99% of retail investors to short a penny stock. Market Makers and brokers, however, short this stock routinely (both naked, and not).
The bashers here are #$%$ they are on the sidelines, having watched the pps and company news for the right time to get in, either for a trade, or for a longer term investment. Based on ACTCs history, that was the smart move to avoid losing 50-99% of one's money in ACTC/OCAT.
The risk was always that they would find themselves on the sidelines when good news came. Hopefully OCAT has the sense to release really good news before or just after Thursday. If not, the longs will have to contend with a whole new ballgame short term: Retail investors now will be able to short OCAT. That's a real danger that management needs to address by releasing good news in addition to the uplist.
I disagree. I sold LMLP because of the lack of liquidity. UBS will not keep this new issue around if there is next-to-zero interest. They have "called" other new issues for same reasons. In the case of LMLP, IMO the reason for zero interest is that it should have never been a monthly payout, rather it should pay quarterly, BECAUSE, on one month there is effectively zero payout, the next month is very small, then a large month. That scares new investors who are unaware of the reasons why (which we know, since many of us are in MORL and CEFL). When the market crashes, LMLP won't do as bad because there isn't much selling pressure, AND the market makers WILL manipulate the pps up once the damage is done. But that is no reason to hold when you could be in CEFL or MORL or the others that have zero chance of being called due to lack of interest.
1. Ex-div is not until end of Feb; this is the "normal" down period for PHT,,,,,a week of so after the current payout. The run-up to ex-div normally occurs a week before, but the pps is so depressed that it WILL happen sooner this cycle.
2. The low is $13.90, and at $13.75 you lock in a safe 10% div. No reason the deep pockets and even the market makers can't or won't manipulate the pps down to the 10% level. When it gets there,,,I will sell my SPY and buy all-in, for the 10%, and the ride back up to $15-$16 area.
I'm already long and averaging down, but not more buys until the 10% level for me.
I hold MORL in Vanguard, Scottrade, and Schwab.....
Typically, Scottrade deposits the divi one day after the other two brokers (e.g. Jan 23rd this time around). Scottrade is reliable and consistent, just usually a day behind. This month it worked out,,,,Jan 23rd allowed a lower buy in pps than the day before (for those inclined NOT to wait for the best possible price, like today?).
Yes, as if it were magic....every month, especially the big divi month,,,,this happens:
We watch as the pps drops dramatically just after x-div date, we look at the pps and think, wow, if I only had the payment "now", I would buy in at a great price, and lock in a 25-30% dividend,,,,,,
Then, again, magically, like today, the pps goes up a day or two BEFORE the payments are delivered to us. I have 19K in payments,,,,,they will be available tomorrow,,,,,and wouldn't you know it,,,,,TODAY, the market makers are manipulating the prices up..(normally, they would have begun the manipulation yesterday but it's a crazy market just now). This is how the market makers manage their inventory of shares.
I think the "bottom" won't come from BBEP, but from oil. I look for a saucer bottom, nothing else matters and these one-day spikes in oil are a bear/value trap for traders.
Then decide if shorting is the way to recoup some or all of your losses. BBEP is now viewed as worst-of-breed in the sector. Whether you believe it or not, the market sees BBEP as easily manipulated with constant shorting shares available, and with the worst MLP performance last two months,,,,,the market rarely let's these weak companies recover, when the sector does. BBEP will NEVER see $20 even with $150 oil IMO.
Karen is always nearby. How's the BBEP pain going today? Oh, I see you're down another 3%. Gotta love the short play
Bump for the novices looking to get their hands severed here. Catching a falling knife can be deadly.
All that should matter to you: Can the market makers short BBEP to $1
the obvious answer is yes
begs the question, what becomes of your investment in BBEP if that happens
The Saudis have every intention to make you "fundamental" facts useless amid the medium-term panic bridgejumping.
The BBEP defenders dissed me. Now let's see who was right all along.
That's funny: I think a bunch of folks are getting "Margin" calls from their brokers!
Averaging down is a suckers game. Averaging up is the thing to do.....once the bottom is in. I'll tell you when the bottom is in.