Please Tell Me Someone Shorted BPT

Wow, what a fall...

 

-10% in one week!
Unless we're not talking about the same stock (BP Prudhoe Bay Royalty Trust), I don't get the excitement.
Or maybe you shorted it and want more traders to do the same.

 

No, I did not short it , sure wish I did.
Too chicken to short a stock.

 

.. buy a put..

 

BPT is a rather obscure and lightly traded royalty trust.

What made you notice it?

PER is down 34% and SDT down 30% over the last 5 days.

 

WTF?

Use a put, limit your risk, then you don't have to be a chicken.

 

A big move always brings a stock into focus.

 

I'm involved with aviation, specifically Beechcraft Bonanzas, and there's a group that offers Bonanza specific training. I thought the acronym was BPT for Bonanza Pilot Training, so I googled BPT, saw the stock and saw the huge dividend, so I bought some, watched it go down $3 in no time, sold it, contemplated buying some puts, but chickened out... Dang it, woulda made some great money... :-(

 

A 10% decline in a week isn't that big.

BPT didn't even make the top 100 list for largest 5 day declines.

Number 1 is SIXD down 55.65%.

Number 100 is LIFE down 11.43%.

 

Thanks for the BPT explanation.

I had surmised that you had found this oddball royalty trust in an oddball way.