fishin season
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GM Tom
Nice over sell off more than .445 this morning... Very normal for ex day as those that trade for the coupon are free to leave.
Good op for appreciation... added 500 @16.11, after missing the $16.01 bottom. No worries...
EPD PT upped to $28 by RCB capital
GLTA!
-pete
Today's finish was the imbalance to the sell side late in the session... an alert posted 10 minutes before close... Many with short term gains better than .445 will lock them in ahead of the mandatory drop Thursday which is ex dividend day. (distribution is .445) Tomorrow will then be a Johnny come lately day for both buyers and sellers with opposite ideas/plans, and time frame ideas. Institutions hold about 637 million units, and actively trade it.
I am 50/ 50 short - long term holder of EPD. The core hold has doubled this year, but that leaves a nice truanch of tradable green units. EPD will likely benefit from the well managed Q and expected largest rise ever in GDP expected Friday morning, before open.
.
I will hold or even add more units on the drop if it exceeds the .445, as expected... (from the capture the coupon crowd selling). I believe the unit price will recover quickly having watched the trends for years.
GLTA!
-pete
Right you are... Here in the north in a tiny town of 3K people 30 miles from me, a private citizen had a piece of property and shop/business on the outskirts. He decided to have a Trump Rally.... 10,000 people showed up! Gov tried to say it was illegal but he said nope, private property, peaceful protest, lol. Police from 5 towns came and joined the fun... We support our men and women in Blue too.
Additional momentum will arrive in 3 weeks...
Incredible video from our President @realDonaldTrump! pic.twitter.com/r8XmTC0fxX
— Kayleigh McEnany (@kayleighmcenany) October 3, 2020
NP
Emmy Lou great on the harmonies,
Rosanne was the mother of 4 of his daughters, ... 3 from his second marriage 1979-1992, She also raise one daughter from a previous, Hannah.
https://ecelebritymirror.com/celebrity-babies/daughters-of-rodney-crowell-ex-wife-rosanne-cash/
Big fan of "Ain't living long like this" from good old Rodney Crowell many years ago... Wrote the last verse in jail....
He tells that lyric story before this live one. The second link is a great live jam on it at Austin City Limits
Was busy away from the market but got 200 EP @ 14.95 before it turned yesterday. Those immediately leap frogged the tradable into the core closet. I am ready for another similar event.
-pete
But if a digital clock displays a number.....It too, but in the age of obsolescence I guess they don't, so even a clock maker would add it to the never mind pile.
The history of clock making has evolved away from art and beauty to greater time keeping precision for the fast pace digital world. Sadly
Time too is the key to investing success... but far from the atomically precise degree, lol.
RECL will take it's own time.
Thanks for your logical takes and input here. As you know I am a big fan of logic.
-pete
Avita will remain a safe long term investment IMHO, but remember the market does not like to be predictable so expect the unexpected and don't belove any stock.
Even a broken clock is right twice a day.
Buy from the scared and sell to the greedy.
-pete
Typo he recognized.... E P D
You are right, my mistake.
I was attempting humor with a friend, however, IMHO, since you brought it up I will respectfully disagree with your assessment of that call, since no one could predict this years headwind, take a step back and see the bigger picture, which for me is 25 years of following and holding a core, but now playing the channel.
When EPD returns to a more normal channel you will be surprised? ...and could have profited from it I suspect. My guess is Late 2020, Q1 2021. JMO
I believe EPD is worth more than $29.
So do some WS analysts.
-pete
Not trading advice.... Do your own research and don't buy or sell from anyone else's opinions. (My friend Trueheart who reads the tossed chicken bones, will get back to us, lol.. He may be the most accurate). In my opinion this is not a time to short EPD.
That day it was a no brainer and everything on the planet stock wise was on the ocean floor. I think EPD bottomed at $10.33. Mr Najarian was really out on a limb there,...not.
Buy 1 get a free $4.99 Costco chicken and free shipping!
I missed the deal but added a lot since...300%
no worries Trueheart, don't forget to put a little aside in the EPD bank and collect the interest
-pete
Yes but not as much as black coffee.
Yes it is pointless to try to damage our team... The game is out of reach so go back to your huddle because the only thing in doubt is how big the final score blowout is.
Our big players are saving their energy for the celebration!
Is that O line center EPD?
Great execution... sleep well. We do with EPD.
I have short term goals for 2/3 of my EPD that amount to double the yield,... even at the great % because even the very best MLPs sell off in between Q payouts by the big money funds to keep it working in order to justify/cover the fees they must charge clients to grow their money. Love the safety of high liquidity here.
It feels a little like we are on the brink of better days ahead for our sector...
-pete
Just my opinion on one stock you posted in energy as out of favor, and why.... CVI
Far from trustworthy energy company as it is 80+ % a one person ATM... Carl Icahn. He is very familiar to us energy guys from activism and the days of CVRR where he paid himself (CVI) a huge special D to avoid giving a bunch to the MLP CVRR of his GP CVI. There were only three single refiner MLPs then NTI, CVRR, ALDW, now gone.
And in some circles or SA comment sections a question will come up "why not consider KMI and it's a strong business model" Answer:
Kindered once... twice shy
Interestingly enough the word Kinder is now a verb.
I have said this before regarding two very big influences in my MLP history... you can guess which one I still consider with reverent respect .
Dan Duncan, or Richard Kinder.
Randa Duncan Williams carries on the family tradition of excellence with EPD.
GM TH,
I see you leaked the source of those prognosticating bones!
I hope to add back many of the shares I flipped... RCEL will make nice gravy. I like the gold potatoes.
Then there's Thanksgiving. Throw the bones and give us a hint.
-pete
You know the nearer your destination
The more you're slip slidin' away
What if the CEO is really disguised as a RCEL disbeliever here?
In order to keep the balance of irrational exuberance in check...
perish the thought
Head west TH... No smoke in Venice, and I know you are a contrarian. Fighting against the prevailing there.
I am using my wish with the bigger part of the wishbone to bring rain to your dessert.
I am holding out for more RCEL shares before the final goal line is crossed. Channel trading to keep that cost basis under $2 pre-split.
-pete
Good plan Tom. I don't think it gets to 16 again anytime soon, but would also buy if it does. Never got close between May/August mid Q dip that is money going to work rather than sleep like every mid quarter.
Signs are pointing to an energy surge in late 2020 and there is still time to swing trade EPD. Possibly even twice. I like that it is very liquid and strong with best of class management, market respect that is well deserved.
EPD has a very large following for all the right reasons.
-pete
,
Tripled the free core for channel trading cash...
Fear not this energy giants ability to reward and play these dips... I added 1000 units today
-pete
Thanks for posting new incredible before and after pictures that confirm what we know RCEL is about to become. I have patience and time along with a small core of shares waiting for the turn again. Much bank has been made.
The intellectual property involved with RCEL will NOT be sold off or harmed in any way, It is securely held in Dr. Fiona Wood's foundation. When a big pharma comes for it, and we all know it will, there will be royalties for many years and much good done by Dr Wood with it. Do not be mislead.
Do your own research. There is enough information easily found to make even the most skeptical understand the reasoning behind the re-domicile and reduction of shares involved. Sorry Aussies, this one had to change away from penny ASX play. There will be no competition as the patents are secure.
Also if you understand that many do no discovery, and just see all RS as a negative, you would expect a drop, so it was wise to take profits ahead of it. I am ready with just core free shares to load the boat again...
RCEL will continue to grow it's sales and news of juvenile/cosmetics milestones will come. At that stage I believe it will be closer to a bidding war between big pharma and their deep pockets..
All the rest is hyperbole'
-pete
How bout them chicken bones?
Ever find them?
If you do throw them over your left shoulder with a handful of tea leaves and send me the wiggly lines please.
RCEL is getting nearer my buy zone but I could use your help. I flipped most of the position but kept a core. I suspect I will be wanting to double or triple what I have left before a major pharma gets involved. Plenty of time, ... as the developments around the world we have followed for years begin to come in the next year or two. All the longs know most of what is left to complete the game, replacing older, less impressive, and life changing/saving severe burn treatment.
Nothing about RCEL has changed since it was approved by FDA or will it see any competition with it's IP patented and secure in Dr Wood's foundation, in my honest opinion.
Real discovery takes TIME!
-pete
Hi WSR
Yes it has become a traders market now and in to the Fall it will be great for swing trading your faves.
I am keeping an eye on those NG plays for a clear uptrend and a low RSI. Our old favorite has to prove the underpromise over deliver model...IMHO.
EPD is my Bank... Old School thing
Keep in touch.
-pete
Missed the bottom no one saw coming in March but added in April and took profit in July...
My current Buy/Sells are set... 17.01 will add and 18.70 will sell 20% each way... Pulled back to 60% short term trading/40% long term hold EPs position. Over double my core with a good cash position. I have 30% cash to swing trade the position between payouts as it can generate more profit even after the tax is paid than just passively holding.
Hoarding cash this month I expect a return to higher value 4th quarter. Currently Wall St is going silent trying to avoid the media anti-fossil fuel sentiment... Which will change as we roar back in the Fall and temps demand energy generation and consumption. Media has lost most credibility... They are no longer trusted. Election year hypocrisy
Natural gas is the energy of choice long into the rush toward a mythical green new technology that has not been invented and wont displace 300 million combustion engines in a foreseeable future. Good NG investments are making sense here.
As I always say EPD is boringly safe, but I would like it if reality came to the value side we energy guys see to a well run boring partnership.
GLTus!
-pete
I'll share the "wishbone"
Maybe get some more RCEL before the bigger bird swoops in... Is that an EAGLE! GL to all you patriots out there!
-pete
GM Trueheart,
My 'free" core shares date back to 2018 so I don't believe they will be alone much longer.. I flipped over 90% to give them their independence.
Like Free Range chickens they need the bugs to eat... Please cast your chicken bones that have been idle for some time and tell me what you predict. Has it not been years since you needed their guidance?
-pete
Nice double on 13K in session here...
I would be the one who does not normally day trade,...lol. Warren B would be proud of me!
I'm only holding RCEL shares closely that are free and booked at half the settle price expected... I think that is below $20 but will be glad if it is above.
There still appears to be Aussie remorse over losing their penny stock company. That remorse does not seem unusual, and I am still confident in the IP and future with the RCEL steps ahead leading to the universal change in severe burn treatment paradigm worldwide.
I will only add when trend turns up near a USA ABA conference in the future. There are other catalysts which could also create investor interest too. All have been overly discussed here. IMO RCEL is sleeping, but it's only a light nap.
-pete
Or hold for 21+ years starting in the early 90s
This company needs no pumping as they are all about it,... pun intended.
"What's in your wallet?"
-pete
Same here... nice yield btw!
I was parking money here and still am as I added more today at 16.75.
Banks pay 1/100th interest as EPD. Only use a brick and mortar bank to pay local bills. Over 10% interest in the form of distributions here
Return of capital is very good and distributions are not impacting our income tax bracket. K-1s are no problem for an accountant to deal with. I leave the fine print to them.
Currently as retired folks consider there heirs, those gains will be removed and the cost basis stepped up to the day they inherit the stock. I got my original shares that way, and have added.
-pete
Good common sense today, nice change.
RCEL has always had a one-way future. New paradigm. My free shares are untouchable in that box with dust on it... Bought and sold till all are free and paid with extra cash waiting... It was easy to see the change would not be applauded by penny players down under. And missing the ABA repeat performance of 2019 hurt but was just a temporary thing.
The scars are not on the neighbor boys face but would not be on his shoulder either had RCEL been available then, when he was a 3' high 3 yr old pulling boiling water off the stove.
Now he is a teacher here and played center for a small college in NY w/full ride, ... grew to be 6'7".
Juvenile will be the next game changer.
-pete
Cash is almost double the market cap.. LOL
Institutions own over half the tiny float... Short % over 20%
Robinhood might watch out for arrows inbound!
FRAN will be rising again, IMHO.
-pete
Correct, but Robinhood will see the two letters RS and run it down for a short period...
Don't let your shares be borrowed... Place them for sale out of reach. Technically shorting is dilution as the shares are in two places. The higher the number of shares the easier they are to borrow. Institutions will be looking at the stock when is meets their bylaws price coming soon.
Aussies are not that happy to lose their penny stock to the consolidation of one entity based in the biggest market for the product, but it makes perfect sense. It is a step to attract those very big investors and suitors who see the feather to add to their cap.
JMO
-pete
Added a few more today @ 20.87
I just watch the RSI and MACD so most of the chart talk is over my head. I just think as a long term believer in the management and founders philosophy still in place, it is the safest place to park money.
The opportunity to make short term profit is way more than the generous distribution IMHO. The price has been swinging so much daily a trader can win, and of course the period between payouts is the playground. Huge money invested here will come in to play close to the next payout, as it seeks the yield but works to justify fees managing others wealth in between.
We can use that to our advantage as retail investors managing our own.
Good luck and better trading.
-pete
I like this contrary to the short side play... Easily worth more than Market Cap. Re-Org was good news... When they pushed it to $1.03 I added bigly!
Some of us always thought they should lose poor performing Brands ... DB done, Justice,... soon.
Maurices 49% ... bank on it!
GLTA!
-Pete
Nice dip today off trend back to the return to the channel $25-35 for EPD.
Doubled down over the last couple months here
Irresistible
https://seekingalpha.com/article/4352774-enterprise-products-partners-irresistible?utm_medium=email&utm_source=seeking_alpha&mail_subject=epd-enterprise-products-partners-irresistible&utm_campaign=rta-stock-article&utm_content=link-0
ASNA is ready to go next week, month, year. Good consolidation this afternoon. Since more than the entire float traded today we know what happened...