Friday, April 28, 2017 3:45:02 PM
This tells me that those who continue to hold are unwilling to let go.
The result:
1. Units must rise as the market maker has no choice but to procure units.
2. Holders are thinking distribution terms to soon be announced. And I suspect they're expecting justification.
This is a time ripe for making big mistakes. After CVRR's dismal payout as per this weeks' quarterly report, what could explain people expecting the tooth fairy to reward us with a massive distribution? Is it that we've gotten a payout over each of the last three Q's?
I have no answers. But I am more concerned with my personal investment program than bits and pieces of income production. As I've sated numerous times over the months, I'm in this expecting the big payoff to start happening in Fall of this year. Any distribution forthcoming in a couple of weeks is nothing more than gravy in my mind.
But this can certainly be an ideal time in which to add to portfolio positions. If you, as do I, believe that units will be rising to $12 and above---THIS YEAR--- then today's price presents a wonderful opportunity.
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