OPENS HIGHER..NOW SELLING OFF
Which has been the signature for awhile now. MLPS are a little lower but the overall market is now selling off although its nothing devestating. Early morning strength just keeps getting sold which is bearish. No news and no upgrades or downgrades. Posted some news and insider buys from last night...worth a read.
I'm going to take a break this morning. I will update later on.
joseph cioffi's Source Page - Associated Content
2 comments:
Anyone have an opinion on USS? I'm unfortunately an owner and haven't sold. From the call, it seems to me the worst case is a possible cut to sub units. Am I way off the mark?
the market is pricing in a cut. This is one of those casino dice rolls at this point. If you double up and they cut the distribution you are in the hole even more..if they don't cut the stock will climb back to the mid teens quick. Its a pure gamble. I don't own the stock and i would rather look at others at this point.
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