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.
Friday, April 11, 2008
Is it possible? Does Linn Energy's chart look like we are about to emerge from a base? Stock is over 23 right now and up 55 cents! Its more fun this way.
For every LINE, there is an ETP, HEP, BWP, DPM, etc...The MLP market is broken. 8.50% yields aren't attracting buyers, distibution increases won't attract buyers, earnings seem to get ignored, PPI adjustments going up massively on July 1-nobody cares, I can go on and on...The sector sucks, the market sucks, etc...If you can wait a few years, you'll make some money, but does anyone really do that by choice?
For every LINE, there is an ETP, HEP, BWP, DPM, etc...The MLP market is broken. 8.50% yields aren't attracting buyers, distibution increases won't attract buyers, earnings seem to get ignored, PPI adjustments going up massively on July 1-nobody cares, I can go on and on...The sector sucks, the market sucks, etc...If you can wait a few years, you'll make some money, but does anyone really do that by choice?
ReplyDeleteLINE has moved from $19 to $23+ in 2-3 weeks. That is a solid move. LINE wasn't offering a 8.5% yield but a 13% yield - big difference.
ReplyDelete