RE:RE:RE:Too easy to manipulatecoolslug1 wrote: A rough day for both PME and MMP.UN. MMP closed down -3.68% and down even further was PME -5.11% for the day. Hopefully, investors will come to their senses tomorrow.
Yup had some cash laying so grabbed some more PME at 2.25 today. Portfolio for both funds likely Iost about 4 % today. Nav after yesterday was 2.6948 With some cash obvisouly on hand to pay distributions coming up, i figure PME lost about 10 cents off the NAV. So I figure should be about a 14% discount to NAV for PME if you take the last little trade at 2.23 as the close.. and now paying a 7.6 % if you bought at 2.25... My average buy much , much lower and so i calculate my yield at well over 12%.
Nice to get in early and buy the pullbacks, and sell the spikes up.