MLPS a little higher on the index which is up 50 cents. Capital Product Partners (CPLP) and Natural Resource (NRP) lead the way as 1 point plus winners. Alliance (ARLP) Legacy (LGCY) Kinder Morgan (KMP) Enterprise (EPD) Atlas Resource (ATN) Markwest (MWE) and Teppco (TPP) all nice fractional winners.
Energy Transfer (ETP) and Penn Virginia Holdings (PVG) are down nearly 1 point.Magellan (MMP) Plains All American (PAA) Nustar (NS) and Hiland Holdings (HPGP) are among the fractional losers.
In case you missed it crude oil dropped to 139 and change for about 12 seconds and then it was back up again shortly there after. Picking tops is a fools game as is picking bottoms. No greater fool than I!
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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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4 comments:
BPL plunging to new lows here...
Investors expecting product volumes to fall.
Lehman blowing up, I'm sure they are dumping the MLP book.
No real reason for the slaughter in MLP's over the last 2 weeks.
I bought way too much and way too early.
don't feel so bad. I'm the one who keeps trying to pick the oil top and bought refiners...also too early.
You can't cry yourself out of this; you can only buy yourself out of it.
Average down!
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