Today I've been a buyer, adding 1450 units and vying for more.
I am so convinced this is an anomaly! There's no factual evidence in the public arena to justify the drop in valuation over the past few days. Earnings info is to be revealed in a few days and if I'm right, it will not be great but it should demonstrate some strength due to recent alliances and deals wrought.
Just days ago we were positioned at above $19.50. Is that where we belong? Hard to say and I, personally don't go there. At the same time I figure even $19.00 should be reasonable when we lift ourselves out of this temporary abyss. That's about $1.50 above the current trading price. Add in the 39 cents and we're presently trading at about $2 beneath the true market price. Those 1450 units represent a profit potential to me at a gain of $2+/unit.
The potential risk here is that units will not immediately rise from here. That means I must face paying margin interest or settle for near-term eradication of associated debt through the sale of new units and hope the 39 cent distribution acts as a partial equalizer. All in all, I'm not feeling especially vulnerable. Bottom line---I can always liquidate enough units, even at a loss, yet come out not much the worse for my embarking on this adventure.
I'm definitely not suggesting others do as I'm doing. As far as I'm concerned, this is playtime for me. I'm hoping to make a couple of grand flexing a bit of brain on an otherwise not especially exciting day. Make no mistake, though, I can easily enough unwind this margin obligation and will soon do so even if it means I get whacked for a couple of thousands of dollars.
