Wednesday, January 04, 2006
Waited to let the early trading get through the system...most MLPS holding or even adding to yesterday's gains which is extremely encouraging. There was a rare oppportunity in the last week to get some of the closed end MLP funds...some of which have taken off like Tortiose Energy which last Friday traded under 26 briefly...now over 29. FEN has a nice looking chart where it appears to be emerging out of a base. It is still at a slight discount to NAV while Tortoise was nearly -11% before pulling even at this time.
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