i agree that usually buying into an equity after about a week after a SO is a good play and even more so as it applies to BDC's.
you could be more pleasant with your post though.
komic, huh? you quote, "It's a shame there aren't more people like me"? That is simply hilarious. Yeah, i wish the whole world was just like you. Too funny. We would probably all be broke then.
thanks for the laugh of the day. Seriously.
you are correct in that is a common mistake. it's referred to as trying to catch a falling knife.
over the course of years, if one "theme" seems to prevail, it's that falling cheap stocks keep getting cheaper while rising stocks keep going up. if nothing else, that is certainly true in the short run
IMO, as ETP falls (plunges), i am simply hanging on as i do believe the crash to PPS is due primarily to the affiliation to oil. my thought is that the financial metris should help PPS recover and that oil has soon to hit bottom. unfortunately, that thinking has caused me to continue to see capital decline.
well, no one ever said it'd be easy (other than the ignorant).
theoretically, but the bottom is impossible to know unless you held something like JRCC where they simply went bankrupt. or the likes of GM. an old saying is a cheap stock can ALWAYS get cheaper.
Personally, i try to limit my losses and draw the line at -15% PPS. i won't sign up for any Titanics.
I've some room before i lose 15% my ETP investment but, may not wait on that. The distributions help keep me patient but you gotta consider opportunity costs as well. the DJI was up 0.78% today while ETP continues to flounder and closed down 2.70%. that's a delta of 3.48% which is huge.
i know a lot of individual investors like see posts that allign with their paradygms but math is math and you simply can't hide your head in the sand.
ETP shareprice is plunging in an up market - anyway you choose to look at it.
oh, your excused. lol.
huge loss to PPS while market rebounds from last Friday. simply put, this position turning into a POS. no support in sight. all industries even remotely related to oil are getting clobbered. again. all of them. Mr Market simply hates the complete oil sector. ETP hurting even more.
earnings announcements seem to have little sustaining effect on PPS. yield is relatively unattractive and insufficient to draw income seeking investors and not enough to keep current shareholders patient. 44% of outstanding shares are held by institutional buyers and they are selling it off. rapidly.
your patience must be better than mine. i won't wait until May for earnings. they matter little to shareprice anyway...
this position is turning into a POS.
correct that Mass Media Law is a huge variable but, i am not sure at all that our shares are protected. you would think that as a component of the Nasdaq that they would have to comply with SEC regs but those mean little to Russians. They are unpredictable and unscrupulous. My concern is a spin on nationalization. What if CTCM decides that in order to comply they initiate a secondary offering and the Russian govt is assigned those shares. no one knows how this will play out and it could be bad for shareholders left holding the bag. Russia is capable of nearly anything.
i understand the MLP premise but ETP can indeed elect to service their debt, pay down principle and distribute 90% of remaining profits to shareholders. correct?
doesn't take an expert to see that CLF is doomed. will be a wonder if they survive at all. perplexing to me why anyone would possibly buy into, or hold, mining stocks esp CLF. an iron ore manufacturer just closed a 5-man satellite office in Ironwood, MI and ceased their studies there. they blamed the EPA but later disclosures last week indicated that was just the ole blame game and that there simply is no money, nor profits, to be made in mining iron ore. was too bad as MI needs those direct, and indirect, jobs that would have been created.
i got out of CLF at 20.91 PPS and am simply amazed at their death spiral since. had i held, i not only would have seen dividends dry up but would have suffered a 72.5% capital loss. staggering.
anyone buying in, or continuing to hold, is just nuts. this is not even a short term speculative play and only Shorts can possibly make out.
Sentiment: Strong Sell
i hear ya. aggravating. while i keep copious records on an investment spreadsheet, as well as the excellent records provided by Ameritrade, i track not just P&L but performance against DJI (my benchmark). emotionally, i make money but the DJI outperforms me, it tempers feelings of satisfaction. i lose money but DJI loss at a higher percentage than me, i get some satisfaction. i also track all positions i have closed in last 6 years and feel good if current equities outperform closed positions. a roller coaster at times.
ETP was a great position up until Nov 26. since then it has lost 17% to PPS. horrible....
nonetheless, i will continue to hold and ride this out.
i remain on the bullish side. not much tho as there is going to be big volatility for the reasons i stated previously. interesting article today on the future of Putin. Russia simply cannot stand up to the West economically and thier Putin led antics have caused them suffering and grief. That can't, and won't, be tolerated for too much longer. If Putin is deposed, this stock takes off. If Putin acquiesces to West and backs off, this stock does well. oil begins to recover, this stock does well. Ruble rebounds or dollar weakens, this stock does well. Ukraine cools off, it helps. to me, looks like the bottom is in but, just when you think all bad news is priced in... Pow.
YOU shoulda sold. lol. This position has been an absolute POS for the last 2 weeks losing 13% to PPS. Mayhaps you would be crying were you to hold any semblance of significance.
It's ALL about "what have you done for me LATELY?"
i don't believe China, and esp Russia, are doing much laughing these days. Russia in particular, has a horrible problem with substance abuse/alcohol. one of the world's worst. Vodka decimates their populace (in addition to Putin and his anti capitalist fever, Ukraine, new Mass Media Law, recession, dropping value of ruble, etc.).
as for pot, i don't indulge but accept that it is here to stay. may as well benefit from it like Colorado taxpayers and all that goes with a growing industry. better the taxpayers than the cartels - despite the rhetoric.
you gotta catch up with the times.
FLY has another SO, results will be as they were the last time as existing shareholders suffer with dilution. there would be another selloff and long recovery period. an SO may benefit the company with increased revenues but that does not mean it benefits shareholders. that link does not necessarily exist and earnings drop before revenue generates profits. increase in distributions to cover new shares has an adverse impact as well. That doesn't offer much opportunity to grow PPS.
while not advocating a buyback program, (altho that helps shareholders and reduces millions to distributions) i am dead set against an SO. i begin to think an SO is likely, like other investors, i opt out.
oops, i forgot to add... A great CC Thursday. CTCM had a good year and good Q4. how extremely unfortunate that those results are tempered by the new Mass Media Law scheduled to take effect Jan 2016.
CTCM very shareholder friendly but, once they comply with the Law, shareholders will be hurt. this smacks of nationalizing like we've seen in S. Amer. Always a bad idea. As Putin's Russia continues to commit economic suicide, they hurt shareholders, companies, their economy and their citizens all in the interests of controlling, and censoring, their mass media. this is straight out of the Stalin era. Russia, and its people, are doomed to the fate of third world countries except that their outlook is worse who don't have to spend Trillions on their military. so glad i don't "live" there. hopeless conditions as long as Putin, and that controlling and imperialist mindset persist.
rather difficult for investment capitalists to prosper in a Communist lockdown environment. can't they learn from China?
why is it that whenever a stock gets pounded, someone posts about a buyout, sell, tender offer? never fails.
CTCM got pummeled primarily due to strong U.S. dollar getting stronger while the Ruble continues to erode. Russian stocks all got hit Friday and underperformed in a down market. Typically, that is when you want to buy - when a good company gets hurt due to conditions outside their control. Were my Russian holdings not already disproportionately high, i would be loading up here. As the dust settles in the Ukraine and other socioeconomic issues get the ink, and once the hot dollar cools off, we should see a nice kick here. If we were fortunate enough to see crude begin to stabilize and rebound a bit, we should see very nice returns on capital. A lot of "ifs" but i am thinking the worst is in.
Better days ahead.
Sentiment: Strong Buy
Yield = distributions/PPS. k? rather elementary.
How's your WY position working out? Over 2x volume on 3-6 and down 3.22%. Expect more of the same until U.S. dollar weakens which won't be anytime soon. then expect a beatdown when Fed raises rates this year as all REIT's, utilities and the like will get hammered.
How's that passive-agressive thing working out for you? Maybe senility at work? Bitter?
Sentiment: Strong Sell
relax knuckles. read the post. it said "poor PPS performance since a good ER". and why would you advise someone to sell a position you hold unless you are Shorting?
get a grip
had i held, like you, i'd have been down 5.85%. since your post on 3-1, WY down 6.2%. still laughing? i am.
Sentiment: Strong Sell