WILL MLPS RISE TODAY?
Doubtful but if we can't rally 'em in here....it really is over. Some posititives might be the fact that they finally have come around to sell down the big boys in the group in a big way. Kinder Morgan (KMP) last Thursday had a 5 point intraday decline. Enterprise (EPD) had a 3+ point drop at one point. Both recovered somewhat by days end. The MLP index was down 4 and change at 10am and cut its losses down to about 1 point and back at 266 after dropping as low as 262. I know it wasn't an up close but the turn was important. A few issues like Constellation Partners (CEP) and Holly Partners (CEP) among others staged key reversals. Straw grasping is an interesting sport but it is the only game in town.
Market looks to be in rally mode as end of quarter approaches. No news drivers and no upgrades or downgrades.
Still in Florida for another week or until the money runs out!
joseph cioffi's Source Page - Associated Content
5 comments:
Of course they sold the big boys, Only way for the brokers/hedges to reasonably dump. In a down market, how can one sell the small floaters.
Joe, love the blog and I am a frequent contributor and an avid reader. However, I've noticed that some of the recent advertising has been borderline not safe for work. Anything you can do to prevent some of the more risque images from appearing at the top of the blog? Thanks.
Of course they sold the big boys, Only way for the brokers/hedges to reasonably dump. In a down market, how can one sell the small floaters.
Where have you been for the last few months? Everything has been getting dumped, the big boys were last...
sorry about the risque ads..i noticed them too over the last few days. i have my stuff set for family friendly only. i will take care of it.
Where have I been?? I dumped out mid point of last year. Yields were paltry then, not worth the risk. Back in now last week, couldn't resist those ridiculously high yields for sound cos.
reading-tee-leaves
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