There was another case where you predicted $.50 and the dist came in at$.75-call that a 50% off. You have bashed BPT since you've been on this post-portraying yourself as an investor rather than as the trader you are. Now traders and shorts are a necessary part of the market. My issue is that you misrepresent the positions and motivation behind your post.
You're starting to sound like Obama-we don't agree with you-ergo we must be stupid and you bash your readers! You do your math which I assume is accurate- but the assumptions you make are suspicious at times and mostly go to justify your short positions. Several distributions ago, i seem to remember you off by some 50%. Isn't your long position really options?
And with every return of principal, your cost basis drops, so that whatever you get when you sell that's over your cost basis is profit.
DTM is a short trader at least technically-he plays the short side and he's normally fairly correct-except when he goes off with his questionable math and tries to scare the pants off us longs.He goes very quiet when BPT goes up. Have put in limit sell order at 70 to limit a bit of short shares available. Think the Oct dist will come in closer to $.75.
Don't know why they bother with the divy. Canadians hold 15% off the top. Why can't they find a way to psy in the states?
Pooch has been a voice of reason from the long side since before you learned to spell EVEP.
Understand your concern-feels like somebodies checking your prostate. oversupply shouldn't affect pipelines, should boost terminals and loaders. Dollar strength not helping and it's all Obama's fault.
Nice to see you've finally crawled out from under your short rock and have recovered your sanity enough after your last short squeeze to publish your terror inducing comments based on your delusional calculations.
U bot a leveraged ETF. 3X gain and 3X loss plus the futures are a couple of months leading. You need to hedge your shares-do mine by covered calls, reducing cost per share to managinle per share price.
Hopefully not as PVA really is not meaningful for this trust and has lead to a number of erroneous conclusions. See Hedgeye, et al. The trust Will not benefit from new wells. Read the trust documents and you'll see why.
What,s funny is this guy was turned loose with some cash and he's trying to give us advice and he doesn't even know what he's talking about.