Dow futures close to up 400 points...S&P futures up 56. Crude and nat gas are higher.
Bids continue to arrive above yesterday's closing prices.
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a blog dedicated to the discussion of MASTER LIMITED PARTNERSHIPS and the day to day news related to the group...along with perhaps a few other things...as long as the conversation is kept civil. Although i have no problem telling you what i am doing regarding my trades...PLEASE DON'T ASK ME WHAT YOU SHOULD DO REGARDING WHETHER TO BUY, SELL OR SHORT!!! i am not in the stock business.
5 comments:
Could all this govt. intervention cause any highly leveraged hedge funds with a lot of short exposure to get crushed--thus forcing them to dump their holdings?
Bruce (I just can't seem to break my longer-term bearish outlook--but certainly glad I was buying MLPs this week!)
when you say dump...i think you mean cover and the answer is yes.
This is a game changer in my view. If this doesn't work...nothing will.
Joe, I agree. The shorts, at least for a few days are f*cked.
Crazy opening action on MLPs. Volumes are miniscule.
According to my broker the SEC emergency shorting rule also applies to a long list of ETF's. If you are short a financial ETF you will be forced to cover. If you are long an Ultrashort fund you will be forced to liquidate. This will kill the ETF business.
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