MASTER LIMITED PARTNERSHIPS

Monday, November 17, 2008

Going to do the CNBC portfolio challenge because if i lose a million dollars there its not real money.

Here are my initial purchases made today

25% DIG...DOUBLE LONG OIL AND GAS
25% UYM DOUBLE LONG BASIC MATERIALS
25% DDM DOUBLE LONG DOW INDUSTRIALS
15% DXO DOUBLE CRUDE OIL
10% US STEEL

Also i purchased today some of the new triple long large cap stocks (FAS). Its a small position and a bounce play...short term only!

Down 3.51 on the MLP index as of 2pm. Not much happening really. Just tugging back and forth in here. Dow down 90 points.

2 comments:

Unknown said...: We have to wait until Obama takes office for the rest of the Bank bailout, or Paulson strikes again to damage confidence!

HS
--------------------------
Bush Administration Said to Not Seek Remaining Bailout Funds

By Alison Vekshin

Nov. 17 (Bloomberg) -- The Bush administration will not seek the $350 billion remaining as part of the $700 billion financial-rescue package, leaving it to the next administration to request the funds, a person familiar with the matter said.

With weeks remaining in the Bush term, the Treasury Department will defer to President-elect Barack Obama to request the funds after he takes office on Jan. 20, the person said.

To contact the reporter on this story: Alison Vekshin in Washington at avekshin@bloomberg.net.

http://www.bloomberg.com/apps/news?pid=20601087&sid=aXrNcRqcl94M&refer=home; 11/17/2008 3:05 PM
Anonymous said...: I like most of your double long picks, because these are all grotesquely oversold sectors, but to round it out with a little symmetry, I'd add TBT (double short 20-year Treasuries).

Lee; 11/17/2008 4:43 PM