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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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Joe,
Sorry about that I was having problems posting.
I to am in a major quandry on crude. I'm very overweight in energy realative to my overall portfolio. Common sense tells me it is time to lock in profits, really lighten up and go short. I just have this nagging feeling something is differnt this time and a big pullback is not going to happen. You know what they say...let your winners ride.
Regards
SGLP does a dropdown from its parent:
http://biz.yahoo.com/bw/080512/20080512006502.html?.v=1
Mr. Pipes
They also say...one never goes broke booking profits. For the record i am long DUG which is powershares oil and gas short. So it goes up if the XOI goes down...which should happen if crude sells off. In fact equity should go down harder and faster.
These things are never easy.
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