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Tuesday, July 15, 2008

Market backing and filling in here with the dow off a handful of points. MLPS off the lows but the index is still down 5 as energy stocks are getting hit hard overall. Crude down 7 bucks and off the low which was minus 9. Nat gas down hard too and so is coal.

The overall market has every excuse to rally in here. Its now or never. MLPS usually tend to play catch up so lets get the overall market to turn and MLPS will follow. Only 1 mlp is up and thats Energy Transfer Equity (ETE) which is 2 cents higher. The rest continue lower but most off the lows of the morning.

5 comments:

Anonymous said...

AN OPEN LETTER TO SELLERS OF MLPS
---------------------------------

Ask your self a few questions before you push the enter button on the sell order.

1. Where else can you get paid 10% with equity upside?

2. Where else can you get dividend growth, organic growth and inflation adjusted pricing power?

3. Where else can you get tax-advantaged income legally?

4. Where else can you get 100% hard assets with 100% transparency of earnings?

5. Where else can you get solid fundamentals with double digit growth projections for years to come?

6. What other sector has little to no risk of technology turning your products into obsolete artifacts?

7. Name another sector that banks have been INCREASING credit lines to in the last 12 months?

8. Name another sector that has ZERO risk of your clients defaulting on your accounts receivable?

I can keep going, but you hopefully get the point.

Sincerely,

Mr. Pipes

Anonymous said...

Touche', Mr. Pipes, touche'!

joewxman said...

i would just add Mr Pipes that i would bet that those sellers are being forced to sell to cover margin calls or...in the case of a bank or a brokerage house..reducing leverage so that they can open for business tomorrow.

But i think your points are correct.

Anonymous said...

I agree this isn't 1999 and MLP's are not some fraud dot bombs.

Still doesn't helped us from the forced selling we have to suffer...

Anonymous said...

Are there any real investors left in this market? It seems to be nothing but algo, black box, program, hedge fund types running things. Who looks at fundamentals anymore?