Tuesday, June 13, 2006
No fun blogging when everything is going down like this. My God you know its bad when everything is going down and Intel is up 35 cents!. MLP index at the lows of the day down 3.72 or 1.5%. Holly is up a couple of pennies otherwise everything else is down fractions to a point. Calumet Products Partners is down 1 and change and is the biggest loser so far today.
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joseph cioffi's Source Page - Associated Content
3 comments:
I like to buy low, so when the market does this, it seems it's time to start filling the shopping list of mlps that have reached great execution prices.
Agree?
EPE and USS may have been the worst of the bunch. EPE (the GP of EPD) was trading below its August '05 IPO price today. USS took a double-hit by making an all-time low and in the process breaking the important $20/unit level. Looks like the expected stop-loss orders just under $20 were triggered. Can't comment on EPE because the IDR is not as attractive as other GPs, but USS seems to be quite a bargain here.
mike
No doubt lots of bargains but the question now is with all this selling is...will these stocks get even cheaper? I know its hard to pick bottoms but on the other hand if this sell-off has more to go...why not buy cheaper? All part of the game.
I did pull off lots of quick trades the last few days. Bought XTXI this morning at 83.45 and sold 5 minutes later at 84.85. I think that is one stock that can be bought if this correction continues. Accumulating XTEX again as well as RGNC.
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