I bought ETP when Cramer said he sold it for his Charitable Trust back in Sept. 2012. Of course, now Cramer bought back into ETP - I will probable be holding on to it still when he sells if for a loss.
Not all stocks/MLPs are like ETP. ETE distribution is set to buy the shares at market price.
I will let you what happens but I have not seen the cash in my account before when doing ETP DRIP.
I just got screwed from TD Ameritrade. For the past two years ETP has been reinvesting but today it should up as cash not as an reinvestment. So now, I have the cash and not the shares (this sucks!).
I own both at the moment but plan on taking my original cost in ETP out and keeping just the profits. This past down turn in the market is what I was waiting for to start a long position in ETE. I think ETE is much better.
Long: ETE & ETP
I am guessing it will be when the ETE unit holders get their distributions (which is tomorrow 11/19). I could be wrong though.
How you can get the discount drip price? Through a brokerage account. I know TD Ameritrade does this (you can either call or setup it up yourself). I am sure you can call any brokerage account .
Do you get automatically if you reinvest the distribution? Yes.
I did not add more at $24.75...I will try for $23.50 - this market looks shaky (I did not figure that out either - seems after DIS reported that is when things started to go south) this is a long-term hold not a trade (like ETP is a long term hold).
I finally bought some ETE yesterday. I have been waiting for ever to buy ETE on a nice pullback. On the charts it looks like ETE has bounced several times off the $25 base. Now I own ETE (not a full position - if it drops below $24.75 I will add more) and ETP.
CYIO has not done a 10Q or 10K filing in about two years with the SEC. I do not ever see any PR's coming out of CYIO until they start filing again (which I bet will be never due to cost of filing).