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Thursday, March 13, 2008

Dow up 100 points...MLPS still down 2.50 on the index. I still think someone is unwinding a big position. Global (GLP) down 3...DCP Midstream (DPM) and Energy Transfer Partners (ETP) down 1 and change each are the three biggest losers.

Barney Frank is submitted legislation to allow the govt housing agencies to buy up foreclosures and mortgage paper. Now if they could only buy MLPS!

2 comments:

Anonymous said...

I bought some ETP today (FWIW).

Anonymous said...

Whoops! Already lost 1% on that trade. Why bother?