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Monday, October 01, 2007

Well the implosion resumes...the index is down 1.33...under 295 and at the lows of the day while the dow straddles 14k and new all time highs. Nothing new to offer here. It seems hopeless.
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5 comments:

Anonymous said...

you can theorize all you like about the mlps but it could be as simple as lack of market support by the investment banking community as a result of the losses being incurred on their fixed icome portfolios and the glut of new mlp ipos.Without market support its very difficult to maintain prices in thinly traded issues where the retail buyer is skittish to begin with.

10/01/2007 11:47 AM
Anonymous said...

I continue to believe that this represents a great buy-in point for long-term investors. I am adding to my positions in EROC, MWE, LGCY, LINE, and ENP.

Bruce

10/01/2007 11:53 AM
Anonymous said...

its more than just lack of support
its about feared govt regulations and new tax consequences for mlps plus those dreaded k1s investors have other options and r using them
dreiser139

10/01/2007 11:58 AM
Anonymous said...

See, buying low is hard. As prices fall, the hedges can sell short into low vol, which does lower prices.
Lower share prices makes growth thru acquistions, etc more difficult.
Am selling some out of the money puts in selected issues and will buy when some base building.
Joe, your thoughts on what you would/will look for to call a bottom and how long after it's in before you can call it.
At some point will be great bargains if this continues, but natural feeling is fear to buy when prices fall!
BUY LOW!!
V

10/01/2007 1:58 PM
joewxman said...

Bottoms? Not always easy to find...always difficult to buy in for fear of being wrong.

I think selling out of the money puts is a good way of buying future positions at lower prices so you get some premium. I also like to ladder in over a period of days when the tape is like this.

We've had 2 spike climax bottoms at 280 in August...lots of volume..big gap downs and then rallys back. So far those have held..the closing low is around 290 and change and we need that to hold.

10/01/2007 3:49 PM

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