Hey jerkoff, I just threw that out as a comment. If you can read, then read it again and note I was not advocating a stock split, only making a comment about the stock. I've owned MMP since late 2001 and have a cost basis in my individual investment account and IRA of less than $13 a share and am sitting on over 8000 shares between two accounts of MMP. It's been a core holding for years and I've never sold any of it. So get off your high horse and learn read. As for "should of bought oil"..well, I made a hell of a lot off my KMP as well which I've also owned since 2003 (now KMI) and have a sizeable postion in that as well. I don't need someone like you to explain stock splits to me, I think I probably have a better understanding of stock splits and investment. So get off the name calling and your know it all attitude.
MMP had a 2-1 stock split declared Sept 12, 2012, the stock officially split on Oct 15, 2012. At the time of the declared split, the stock was at $88 a share and split at $44 and change. Didnt' take long for the stock to rocket up above 50 after the stock split. The 52 week high for the stock is at $90 a share and it's been hovering around $80+ for some time. Been wondering whether another split might be in the works in the near future fi the stock continues to climb nearer that $90 range.
Thanks bitty...you took the words right out of my mouth! These people really are illiterate morons.
Sentiment: Strong Buy
I agree; I'm siting on over 1000 shares of MO with a cost basis of $26.14. I'd like to add the position since the divy is now above 4% with today's decline. But I think I'll just hold on, collect the dividend which for me with my cost basis is above 7.9%. Hard to give that up.
I agree with you. I sold all my position on USO at 16.75 and eked out a profit, albeit not what I had envisioned. So I also will wait and watch this fall further. It's down 1% today as I write this. I do believe there is a lot of manipulation of the oil markets. US oil production in the shale market is off over 50% now. I live in Boulder County Colorado and if you drive I-25 in Weld County going north to Wyoming or south to Denver, the oil wells on either sides of the highway and not pumping. And there are thousands of wells on either side of I-25 from the Wyoming line to just north of Denver.
Not sure or not; can't find anything on the website or Google. Historically, it's almost always been on the 8th through the 10th.
A BIG amen to that!!!! Seriously, do any of these people work who sit and write all this B.S. on Obama and the govt every day???
Excuse me but what the h..ll does this have to do with MO??? Why don't you take your diatribe elsewhere rather than a stock message board.
On a pertinent topic..anyone have any idea why MO is down so much today?
I loaded up on USO in late January with a cost basis of $16.70. This is like taking candy from a baby. Made a lot of money off this ETF back in 2006 and this time is going to be even better. If it goes below my cost basis, I'm a buyer.
I agree with you. I got back into USO at $16.55 a when it was down near it's all time low then, and am am sitting on a $16.75 cost basis of 1000 shares. I have another buy in for $16 so I'm hoping it does retest that low. This is like picking free money off a tree; low oil price is not going to last forever. It will come back and when it does, it will be with a vengenace and I'll cash in.