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People's United Financial Inc. Message Board

skinz4q 198 posts  |  Last Activity: 15 hours ago Member since: Dec 25, 2005
  • Reply to

    shorts in control boys

    by zgoldansky Oct 30, 2014 8:10 AM
    skinz4q skinz4q Nov 6, 2014 1:15 PM Flag

    Realistically, shorts are never in control of anything. There's only so much the shorts can depress a stock on their own. Longs can hold on forever. The opposite is true for the shorts. If big money comes in to bid up the price, the shorts can get clobbered. It always happens when they least expect it.

  • I would have expected MMP to be strong the day BEFORE the ex-dist date instead of the date OF the ex-dist. I've used the dividend-capture strategy many times, and this would have been an ideal situation to use it again. If I had been thinking clearly, I'd have bought a few thousand more yesterday on the weakness just to grab the distribution today. The money's just sitting there doing nothing. Oh, well.

  • Just heard that the Saudis cut the price of oil to the U.S. while increasing the price to Asian customers. They're clearly targeting the U.S. producers, knowing that they're barred from exporting. If our domestic production is reduced by cheaper Saudi oil, the need for the infrastructure to move our oil is also reduced. Like all things in this business, nothing is forever. Anyone want to buy my Tesla?

  • Reply to

    Welcome

    by rpfla Nov 3, 2014 1:50 PM
    skinz4q skinz4q Nov 3, 2014 5:57 PM Flag

    Wow! I'm in shock! I suspected that unitholders of MMP were a much more sophisticated lot, but this was totally unexpected. Most message boards are nothing more than forums for bashing and political propagandizing. The longs bashing the shorts and shorts bashing the longs, the conservatives bashing the progressives would be the norm on most boards, but an "official" welcome is like a breath of fresh air. I've actually sold stocks because of the nasty attitudes and lack of basic intelligence of the majority of the posters. I figure that if my fellow shareholders are of such low caliber, I don't want to own that stock. I guess MLP owners are different. Many thanks for the welcome. This message board gave me the confidence to get in, and I now own 8000 units.

  • Reply to

    Great Earnings

    by lawwman719 Oct 31, 2014 8:52 AM
    skinz4q skinz4q Nov 3, 2014 12:43 PM Flag

    Thinly traded....yes. Always remember to use limit orders only! Never, never, NEVER enter a market order under any circumstances, unless you don't mind getting royally screwed. I use that rule with everything. It's MY money, so I'll set the price. (That's how I bought MMP at $67 recently.)

  • Reply to

    split

    by gqgerb Oct 30, 2014 4:13 PM
    skinz4q skinz4q Nov 3, 2014 11:31 AM Flag

    I like the big bid/ask spreads like MMP. I only use limit orders, so I get to call the shots. I NEVER, NEVER use market orders. I buy (or sell) at MY price, or I don't buy at all.

  • Reply to

    split

    by gqgerb Oct 30, 2014 4:13 PM
    skinz4q skinz4q Nov 1, 2014 3:48 PM Flag

    When all is said and done, you have exactly what you had before the split. Double the number of units each paying half the distribution. Nothing has changed. Nothing! EPD was a solid investment before the split, and it's still a solid investment today. People on the MMP message board are lobbying for a split just because EPD split. I own very substantial amounts of both MMP (8000) and EPD (6000), and splits mean absolutely nothing to me.

  • Reply to

    split

    by gqgerb Oct 30, 2014 4:13 PM
    skinz4q skinz4q Nov 1, 2014 3:33 PM Flag

    You're right! There were several calls for a split, and I repeatedly argued that splits are generally useless. The distribution has remained exactly the same except for the split adjustment. EPD continues to perform exactly in line with forecasts, and I don't see that changing. It's a very predictable business with set-price contracts. As long as crude and products flow, they make money. My only concern is that there has been a tremendous proliferation of MLPs, and the group has been attracting more and more investor interest. I came late to the party, but I'm confident that MLPs will continue to thrive as long as domestic oil production continues to increase at the present pace. If a sudden drop in energy usage/demand creates a surplus in midstream capacity, the whole group will likely collapse with a sickening thud. The U.S. energy boom seems to have a long way to go as long as the economy stays reasonably robust. The housing boom of the last decade should have taught everyone that overbuilding eventually leads to disaster. Overbuiding of midstream capacity would be equally disastrous. I keep being reminded of the broadband debacle we now know as ENRON!

  • Reply to

    Up, up and away, shorts

    by cyoung8404 Oct 31, 2014 9:49 AM
    skinz4q skinz4q Oct 31, 2014 10:30 AM Flag

    OPK is crawling higher in very orderly fashion. It has held firm at $8 many times, and it looks like it might finally be ready to establish a definite trend upwards. It's only a matter of time before the huge concentration of shares in very strong hands takes its toll on the shorts. It won't take much to create a very tight supply. Dr. Frost has been extremely adept at accumulating a gigantic position without causing a run-up that would cost him a lot of money. He refuses to overpay, and that's why he'll make a ton of money on this. Other investors should take a lesson from his careful, determined, disciplined approach to investing. He might have started a short squeeze, but that would have been counter-productive to his strategy.

  • Reply to

    Wut Zup?

    by skinz4q Sep 6, 2014 10:39 AM
    skinz4q skinz4q Oct 31, 2014 10:09 AM Flag

    It looks as if this piece of dead money is beginning to come to life. It's about time!

  • Reply to

    Great Earnings

    by lawwman719 Oct 31, 2014 8:52 AM
    skinz4q skinz4q Oct 31, 2014 10:02 AM Flag

    Blowout earnings, but the reaction has been more muted than I expected. IMHO, this is a chance to buy at a bargain. Anything under $82 will result in all smiles by New Year. Last chance to jump onboard for a ride to $90 and beyond.

  • Reply to

    split zone

    by soupbone15 Sep 8, 2014 10:44 AM
    skinz4q skinz4q Oct 28, 2014 10:20 AM Flag

    How do we vote out a bunch of West Africans who happen to be unfortunate enough to live there? Guns kill over a hundred times as many people each and every day in the U.S. as Ebola will kill in a hundred years. Flu kills over 3000 people every year in the U.S. Better to vote OUT those who want to eliminate health care for 30-million people.

  • Reply to

    People not eating this unhealthy garbage anymore

    by garroty Oct 24, 2014 10:04 AM
    skinz4q skinz4q Oct 27, 2014 6:58 PM Flag

    Careful laboratory analysis shows that McDonald's food is made out of unknown molecular structures that are impossible to analyze with instruments designed by humans. Therefore, it has to be assumed that it is of extraterrestrial origin. In other words, it's space poop.

  • Reply to

    Dist. HIGHER

    by racehorse9 Oct 22, 2014 3:13 PM
    skinz4q skinz4q Oct 27, 2014 2:58 PM Flag

    Click on Press Releases. It's 2 up from Message Boards. You'll find all the info right there on Wed October 22. Look for the headline "Magellan Midstream Increases Quarterly Cash Distribution to...."

    "Give a man a fish, and he'll eat for a day. Teach a man how to fish, and he'll eat for a lifetime." Have you ever heard that saying? I'm trying to teach you how to fish. In other words, I'm trying to show you how to find the information for so you can find it for yourself in the future. We're trying to enlighten you to make you a better investor.

  • skinz4q by skinz4q Oct 26, 2014 4:07 PM Flag

    A look at the 1-year chart shows that OPK had only a brief foray below $8 in early February. Since then, the closing price has held firmly above $8. I can only find 3 occasions when it broke $8 intraday, but it always managed to close above that level. A decisive break below $8 would be a very bad sign technically, but it looks more as if an eventual breakout above $10 would clear the way for substantially higher prices. Given the huge tightly held amount of shares in the hands of a few individuals and the large outstanding short position, it seems to me that OPK could be in store some very big rewards for the patient longs.

  • Reply to

    PRICE DROP

    by cda4shore Oct 14, 2014 10:33 AM
    skinz4q skinz4q Oct 26, 2014 3:46 PM Flag

    "...in a few months..." turned out to be wrong. It took more like a few days or, in some cases, a few hours. Margin calls probably went flying out to the shorts on the way up, too.

  • Reply to

    MLP cash flows

    by Luke Oct 25, 2014 11:30 PM
    skinz4q skinz4q Oct 26, 2014 3:31 PM Flag

    Fantastic question!!! I wish I knew the answer, but I never really thought about it.

  • skinz4q by skinz4q Oct 26, 2014 3:28 PM Flag

    I've been trying to figure out how to get Yahoo to correct the EPD chart. They show 2 splits, on Aug 21 and again on Aug 22, which makes the long term charts useless. Does anyone know how to contact Yahoo to try to get them to correct their mistake? Thanks.

  • Reply to

    Can we pass 50 cents boys???????

    by zgoldansky Oct 24, 2014 8:04 AM
    skinz4q skinz4q Oct 25, 2014 9:49 AM Flag

    Did you get your answer on 10/25?

  • Reply to

    Dist. HIGHER

    by racehorse9 Oct 22, 2014 3:13 PM
    skinz4q skinz4q Oct 24, 2014 5:14 PM Flag

    The dividend (in this case it's called a distribution) is the money the company (partnership) distributes to shareholders (unitholders) quarterly (every 3 months) out of money earned from operations. That's about as simple an explanation I can think of offhand. If you need further elucidation, ask your mommy.

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