Friday, December 21, 2007
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a blog dedicated to the discussion of MASTER LIMITED PARTNERSHIPS and the day to day news related to the group...along with perhaps a few other things...as long as the conversation is kept civil. Although i have no problem telling you what i am doing regarding my trades...PLEASE DON'T ASK ME WHAT YOU SHOULD DO REGARDING WHETHER TO BUY, SELL OR SHORT!!! i am not in the stock business.
4 comments:
Looks like we are running out of steam in MLPLand...S&P +1.3% and MLP's going nowhere...this sucks...
Come on guys lets have a little good cheer. I just turned on my computer and went to my account and seen a line of figures in green. That the first time I have seen that many figure in green,for the day,in what seems like a eternity. Now I need to see figures in green in the far right, where my gain or loss figure are for the stocks. I'm telling you guys 6 months from now we are going to be telling are selfs how smart we were.
if it is any comfort, I have seen many sell-offs over the years and the best time to buy is when sentiment is at its worst and right now things seem pretty bad.
For what its worth-I'm a buyer today. My rationale is as follows: 1. The sector has been in the toilet almost 6 months.
2. Sector fundamentals are solid.
3. We has seasonal factors which are exaggerating the price weakness.
4. Sentiment is horrible, even among diehards like us.
Sounds like a recipe for a bottom. Who knows maybe Santa can deliver an MLP rally before the year is up!
Merry Christmas to everyone. Let's hope 2008 rewards our trading efforts.
DS
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