Some positive divergences in the stock with respect to RSI and volume. RSI is making a higher low and volume is contracting on this trip back to the October 3rd low. There is always hope!
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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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2 comments:
I go back to the Smith Barney report -- there are issues unrelated to the fundamentals in LINE and other MLPS. Overhang, weak hands, market volatility. I think LINE has a bit of "show me the money" priced in too, given the integration of all of their acquisitions.
I'm very comfortable holding / adding to positions across the board. NS just announced another distribution increase.
Business is good, cash flow is excellent (ETP's EBITDA for the yeat is over $1 BILLION! and '08 and '09 look EVEN STRONGER).
One of the reasons I like MLPS is that I can keep collecting distributions while the market swings back and forth.
Enjoy the ride...the market will come back to us soon.
big distribution increase for nustar from 91.5 to 98.5 cents...nice!
And i pretty much agree with your post.
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