I would not want to be short this stock when they receive FDA approval possibly 12/9.Thit drop will turn into a pop.
PPS is dropping because housing stocks dropped on bad earnings yesterday.Pulte was down 10 % on lower earnings,this stock trades with the housing stocks.
Doc's got his own blog going ,Xion and a few others are regulars there.When the reits went to hell,there was no way to trade the divi runs anymore;no money to be made consistently.We're currently trading a few MLPS and some monthly dividend payers.Why stay here with the turkeys when you can soar with the eagles?(and make money )
Well you got your PPS back and that's even without the earnings and distribution run up.With luck we should see 92+ on the run,the wind is at our back. GLTA
I agree pps should be much higher.I bailed after earnings and won't come back till I see a resumption of divi runs.I made a lot of $ playing with MTGE and AGNC,but they are out of favor with Mr market.My 2K loss when I bailed is peanuts compared to yours.You can't fight the tape,logic be damned.I tried a small position in IVR for the divi run but it ran down instead of up even though the divi wasn't reduced and earnings were good.
The MLPS seem to be returning to normal runs.I'm loaded up on KMP;gotta go where the money is.
Rising interest rates should have no impact on earnings for this quarter,but the market is pricing it in as if it will.Also they can and are raising capital by increasing the distribution,basically printing their own money.I guess the selling is being done by HFT computers because no rational person would be selling now.That's what happens when you let computers make decisions.
I bought on the drop yesterday thinking that this stock would go up on the feds announcement.Eventually it will when Mr market figures out that an improving economy is actually good for building materials.More people will be buying real estate to lock in the lower rates when they know that if they don't act soon ,they will have to pay more down the road.It will light a fire under buyers who need motivation to purchase.
It sure doesn't make any sense.The only certainty is that Mr Market is irrational.I'm just hoping for some upward movement before ex so I can bail with a profit.
I don't see much of a dividend run up,even if it stays at 90c. Look at Mitt,dropping 2 days before ex .The market just hates REITS since BB opened his trap.
On Kinder Morgans website they have filed 7 different 8-k forms between 4/16 and 6/3.I can't access all of the reports but the ones I can look like notifications of Presentations that KM has given.They just SPOED a few months ago in February,it's not likely they will do another soon(Ihope)They have to notify the SEC of everything they do.
This upcoming Quarter earnings from copano will be included in KM's distribution,current PPS doesn't reflect that.
Well I made a lot of $ selling calls when it hit 92,so if I lose it all because it doesn't rebound on the next distibution,I'm just back to break even .I've been buying september calls since it hit 87..
What I don't get is why EDP and the others are just down a little,and KMP is down a lot more.
Just wait till earnings come out,the September calls I bought today will double or triple in value.It was a flash crash,every time I checked it was a dollar lower.I bought what I could,prices were changing so fast.Now back up we go!
Now NTI pps is finally going somewhere.My options don't seem to be keeping up with the PPS though. I didn't expect them to be in the red when PPS is almost a dollar higher than when I bought them;even september calls.Hopefully calls will have a gain by Friday when I have to sell them.
Dividend hungry CVRR SPO refugees are maybe buying NTI .
If it follows CVRR, tommorrow won't be too late to buy more;a steady uptrend to dividend.I might add more shares and calls,I wanted to be sure before I bet the farm. Xion will be happy with his100K in NTI calls.
It shows up when you mouse over the user name.Click on the ^ symbol after the x and the flag,it's there;been using it a lot today.
Thanks!The link that you emailed me worked.I will be participating in several monthly trades.We have to move on when the old reliable ones fall apart(AGNC &line) I'm not a big player so I have to pick maybe 3 to play.Hopefully I will have a nice check to send to your fav, charity by years end. ...
Smart move,as others have advised,use a management co.The tenants shouldn't know you personally,I tried to handle rentals hands on ,it didn't work well;they think you are rich and can afford,whatever they ask for in improvements.A trusted on site super is a must for those late night emergencies.Owning rental real estate can be as stressful as having money in the market,it's just a different form of stress(dealing with people as opposed to a computer screen) We all wish you well; go NTI !
You buying the Line drop?The last time this happened they filed a rebuttal with the SEC against the shortsellers and it recovered pps.