Its all GE all the time today and that is dominating everything. Dow down 240. MLP down 2 and change. At least the Lehman victims of last quarter like Linn, Constellation, Eagle Rock, EV Partners are flat to higher today along with a couple of others. The Atlas group is higher...Atlas Resource +1.21. Atlas Holdings (AHD) +.20 and Atlas Pipeline (APL) +.02. Atlas America (ATLS) is +3.39 on a Freidman Billings upgrade.
Holly Partners (HEP) and DCP Midstream (DPM) are down 1. Energy Transfer (ETP is down 80 cents even though JP Morgan starts coverage with an outperform. Most MLPS showing fractional losses.
The mood on the comments today is pessimistic...almost to the point of disgust.
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- 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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5 comments:
At some point even the diehard speculator, trader, investor gets disgusted and gives up trying.
"At some point even the diehard speculator, trader, investor gets disgusted and gives up trying."
Which is usually precisely the best time to buy.
Bruce
Bruce, but the disgust has been pretty thick since last August. If you bought back then you would've tied up your capital and gotten red ink to show for it. I've been buying since December and my P&L is atrocious. Something is rotten in the sector. If you have a multiyear time frame buy, if you are trading for momentum stay away.
Maybe I'm slap happy butttttt, I'm glad 60% of my port. is in MLP's. TNH, PGH,ATLS, ATN,CEP,LINE,EROC, BWP, thanks in part to Joe. Compared to the rest of the mkt, holding up pretty well. Happy to sit back and collect durng mkt frenzy. The sun will rise tomorrow. (I'm full of platitudes)
Reading-Tee-Leaves
Lots of whining on this board lately. Volatility has hit all sectors of this market, including MLP's, Canroys, closed end funds, REIT's, preferreds, etc. Good yields no longer insulate you from volatility as they have in the past, but this sets up opportunities for substantial profits, IMO. Some GP's like MGG and NSH are nearing 6% yields with double digit growth prospects, and DEP and NS are getting around 8% yields with more modest growth prospects. You're getting paid nicely to wait, so stop your whining!!! Keep the faith. And thanks for the site Joe, it's very helpful.
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