Sold CPLP at $9.12. Stock will drop once the dividend is announced next week. 25% profit incl. dividends over 9 months.

Although I like CPLP a lot as a company, I'm taking some profit off the table here.  I may buy back in once the dividend is paid and CPLP drops back to my buy zone between $7 and $8. This stock is quite cyclic due to the generous dividend payouts, so there is good potential to make more money trading the cycles than holding it for the dividend. Especially as my broker doesn't offer DRIP on this stock. The quarterly dividends are marked below with a D in the chart below. Notice how close the price bars come to the bollinger bands before it drops back around the time the dividend is paid. Although right now is a bullish uptrend, its trading  right on the bollinger band and my prediction is that the quarterly pullback will follow in the next ten or less trading days.

The buy back point is where the candles intersect the lower bollinger band, approx 2-4 weeks after the dividend is paid.