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Wednesday, September 17, 2008

Energy stocks are staging a rally and thats the reason why mlps have come off their lows...down 10 points on the index. Martin Midstream (MMLP) and Amerigas (APU) are both up a point.

16 comments:

Anonymous said...

Joe,

That chart of the AMZ is amazing. Since Sept 1 we have lost 50 points or 18.50%. Seems like a panic to me.

Dick Fuld

Anonymous said...

Did anyone notice that crude and natgas are rocking this afternoon?

Anonymous said...

I just bought some NS. This has gotten beyond stupid. I'll sit with this thing for 10 years, some time between now and then I'll make money on it. At a minimum I'll clip 9.50%

Anonymous said...

MS + GS are off of their lows, if they manage to close even ( probably wishful thinking ) then we can rally from here.

Anonymous said...

ok ... you want to play mr hedge fund with massive redemptions.

20.02 bid for 50,000 mwe

it is sitting there on the screen for you to hit

if you really have to get out ... there it is

Anonymous said...

C'mon Meat, throw me that weak-ass stuff.

20.01 bid for 50k CPNO

If you don't you'll lose your hedge fund, wife and mistress.

Anonymous said...

Is Swank Capital blowing up? They are large holders of APL, AHD, NS, WPZ, ETE and MWE.

Dick Fuld

Anonymous said...

Wasn't MWE $35.00 two weeks ago?

Anonymous said...

MWE -17.50%

WHAT THE F*CK???

Anonymous said...

Was that the capitulation?

Anonymous said...

Hey Joe CEP is up!

500 more days like this and we'll be in the money.

Anonymous said...

EVEP is yielding fourteen point friggin' eight!

Anonymous said...

CEP is 25.37%!!!

PLAYA

Anonymous said...

Greehey bought 240,000 shares of NSH on 9/10 and 9/11 for about $21.00

He now holds alomst 6.4mil shares of NSH.

Anonymous said...

Wow, they will sell you MLPs for almost anything you ask. On a lark, I just put in an obscene limit order for MGG at close to 10% below the ask price and it GOT FILLED! This is get out at any price selling. Too cool.

Anonymous said...

Here's the bottom line,

MLPs will rally only if the banks stabilize.

Today's Closing price (or perhaps after hour) as I type:

C= 14.01 -1.73
MS= 21.26 -7.44
GS= 113.30 -20.51
JPM=36.13 -4.61
BAC=27.29 -2.25
MER=19.30 -2.88
GE= 23.30 -1.76 ( has a financing unit)


I hope the new short selling rules help stabalize things.

hs