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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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4 comments:
joe
any thoughts on line
ive made money before and finally went backin again today at 23.20 believing it wouldnt break 23.wrong
ill take the loss next week if it dont improve for taxes but i thought the pipe selling was done and that assets look fine.
new ceo named lewis was a positive and having omega as a partner aint bad.
if divie not lowered i think will be fine
know u used to like this mlp any thoughts
thxs
anoymous
I still think we're seeing lots of end of year distortions. I never thought you'd get it down to a nearly 11% yield! MLPS are so stretched beyond recognition on the yield spread that they have got to bounce in here but i have to say my confidence is low. I keep telling myself this is just like 05 when the group went down hard from august to dec and then bounced sharply higher jan through april. If thats the case the selling should be over very soon.
what I don't understand is that nobody on CNBC or for that matter anywhere else has said anything connected to this ^AMZ index drop. I have not heard or seen a thing that justifies this drop. the basic fundamentals seem to be in place with respect to MPLS
lf
Remember that all the mlps put together equals the market cap of AIG. We are a very small audience!
the fundamentals remain unchanged. We have to remember that this is all technical selling with respect to equity supply and end of year pressure. I keep telling myself..this has to end very soon.
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