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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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2 comments:
I have been unable to find fatal information relating to APL or MWE for the last several weeks, yet they traded like they were dead. It is not surprising to see big rallys in both of these stocks. My guess is that hedge funds were forced sellers of APL and MWE due to redemption requests.
I dunno. As Joe has repeatedly pointed out, a lot will depend on which MLP's (especially in the G&P subsector)can maintain their distributions. If, for example, MWE cuts its distribution, people buying at today's levels could see the value of their MWE stake cut in half, or worse.
Watch energy (in particular nat. gas) prices. That will be the tell.
Bruce
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