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joseph cioffi's Source Page - Associated Content
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About Me
- joewxman
- a meteorologist with a knack for trading and investing in MLPS! I also like horse racing, enjoy cigars and a good port wine.
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3 comments:
I too am grasping at straws, having bought way too much at the top.
Here's the straw.
Look at Stockcharts P&F chart for $AMZ - Alerion MLP Index. It says Bullish, with a target of 360.
If someone else reads charts, please confirm if this is so.
Please Lord!!!
By every valuation i use...and my favorite one is the spread to the 10 year...we are at a bottom here. Some MLPS are 3 1/2 pts above the 10 year which is ridiculous. The quarter is over...there were some big blocks that crossed on the tape in the last few minutes of trading on many issues so i remain firm that last week's decline was portfolio/hedge fund blowout...its over and next week we should rally.
Usually when you have that feeling like you are going to vomit is what usually winds up being a good time to buy!
Joe wrote: "Usually when you have that feeling like you are going to vomit is what usually winds up being a good time to buy!"
LOL!!! That is SO true!
Bruce
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