Tuesday, May 01, 2007

Losses getting extended this afternoon as the MLP index is at 329.40 down 2.78 on the day. Magellan Midstream (MMP)is down 2 points and so is EV Partners(EVEP)...we have 1 point plus minuses in Nustar(NS), Duke Midstream(DPM), Markwest(MWE), Hiland LP(HLND), and Holly Partners(HEP...along with a bunch of fractional losers.

Its been so long since we've seen a down day like this i've forgotten what it looked like and how to trade it.
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2 comments:

  1. Anonymous5/01/2007 4:26 PM

    I'm ready for a good, healthy correction. I would like to build on existing positions at bargain prices.

    ReplyDelete
  2. joewxman5/01/2007 8:30 PM

    well maybe it started yesterday. If it is 321 on the MLP index is the first support area.

    ReplyDelete