I still think the stock will now trade at $19 or lower per share
I hope you bought it for a trade and not to hold long term. ARP is in a bear market. Just look at the charts.
I own MLP that are still trading above their 50dma. Those are great ones to own. Not this piece of garbage.
obvious "opinionsarlike33" has no idea about how good the K1 over the 1099 is for tax consequences and especially if the MLP is in a living trust.....in non ira accounts
Your predication is coming true.
Money dies in this stock.
I see new all time lows coming for this turd.
I will never buy anything Cohen is involved with.
Sentiment: Strong Sell
The stock is a dog and should be avoided. There are so many great stocks reaching new highs and this piece of #$%$ almost hitting new lows.
And this is what bothers on me on the general markets as Bernanke and his F'N wrecking crew has made sure that the markets will not drop thereby destroying every short seller. And that is why when the market starts down there won't be a short left to cover to support the market. Nothing but air all the way down.
I think clmt will go lower and certainly if the bubble market breaks hard. But if you feel you don't want to wait, buy 1/3 of your position today.
Another way to prevent the stock from getting away from you is to place a STOP ORDER ABOVE THE MARKET at some technical point and let the market take you in. At least this way you are investing with the trend. No one knows how far this stock could drop but it does look like $25 for 1st objective as others have said.
The Fed cannot and will not taper. They will continue to print even more money as the stock market starts to falter. The Fed will destroy the dollar just to keep the ponzi game going a little longer.
What are you? The poster child for CLMT?
There was no rush to buy this stock. It doesn't go ex until sometime in early Nov, last of October