WARNING WARNING WARNING!
DOWN 13 IN A ROW..ANOTHER MLP NOT TO BE NAMED GOING POSITIVE..
DOWN 13 IN A ROW..ANOTHER MLP NOT TO BE NAMED GOING POSITIVE..
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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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6 comments:
I bought some of the "unamed MLP" just now. 12% yield with good fundamentals is what any sane person should be buying. Let the techinicals work themselves out, I'll clip 12%+ coupon in the meantime. The MLP dislocation right now is just dumb.
agreed - I bought 200o shares today
on line, funny you say that, i thought 22 was a good price and yield. bought some. than at 21 bought some more, better yield and now its 19.50, great yield with no support in the stock. if your happy with a 15 dollar stock wait a few days and you might get an out of this world yield. there is something going on in mlp land because every secondary mpl is getting creamed. i think its the credit markets and until the credit markets hit bottom these mpls' are going lower
This is probably one of those times that two years from now I will be wondering why I didn't buy more. But you are right, where is the bottom? And what chance do I have of hitting it?
Better to wait for the eventual reversal, and catch it on the move up.
I had thought that the largest block of LINE units was coming unlocked NEXT week--not this week.
Can anyone fill me in?
Thanks!
Bruce
I think there are levered players out there that are being forced to liquidate positions. They are going to sell anything they have with a profit and just book the gain regardless of fundamentals. Levered guys are losing access to capital or the capital is too expensive. Patience will be required. My advice to place your bets, but just make them small bets. If you usually buy 1000 lots, downsize to 500, etc. Protect your capital, don't be too eager to buy the dips.
Just my 2 cents.
DS
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