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.
Thursday, July 03, 2008
Early clues as coal stocks like Arch Coal (ACI) and Peabody (BTU) are down at the open. Coal (KOL) is down 2.5%. So is Potash (POT). So i would expect yesterdays selloff in materials minerals and energy to continue. But its all about 8:30am
Joe, are you considering swapping DUG into SZO or DTO? I'm thinking of doing that, as the major intergrated oils have dramatically underperformed USO, and you now have a pure commodity play.
Higher ECB Rates=Higher Relative Purchasing Strength of the Euro=Greater European Demand for Commodities=Higher Commodity Prices=Sell-off in Minerals and Energy?
This is just a complete and utter fraud. Look at this price action. Someone is artifically pushing these things lower. there is no volume. This is blind manipulation.
How is it that every single ANALyst has gotten the MLP call wrong? There is not one ANALyst that predicted a down move in the sector. The target prices set by some of these guys is laughable.
boys boys relax this is dreiser139 leh brothers sold 3.5million today of line. they are one of the largest holders of eandp mlps. even my beloved bte was swamped these last 2days.dmlp sold off 6points in a week these r institutional sales going into cash.where institutions placing there bets who cares. if u r a mlp or commodity fan u r where u want to be. only big negative i see is possible tinkering with tax code after dems get in and mlps tax advantages taken away. then all bets off this beloved group falls like a stone. have a great 4th everyone especially u joe. by the way big brown may be just one juiced up nag.just one mans opinion. next race may finally answer that question.his trainer very suspect dreiser139
I don't blame the analysts..there's not much anyone can do when fundamentals take a back sit to low liquidity and technical factors. Although I do think some of their price targets are a little aggressive given todays environment. You have to remember that last year many hedge funds were overlevered. With the massive tightening in the credit markets and deleveraging of these firms, there just isn't as much capital in the sector as there used to be last year. Its a tough argument to say MLPs will revert back to levels in mid-2007..at least not this year
Thanks for pointing out SZO and DTO to me. I still like the dugs because i like the leverage of the double short and the volitility which i can trade with ease. If you know if there is a short crude etf let me know.
If you have been builing a DUG position in here its been better than trying to pick the crude oil top. DUGS have moved sideways these last few weeks.If we have another 500 or 1000 dow points down in here then you can bet everything goes down including Exxon and Chevron among other integrated oils. I think the action late this week where we saw the AG stocks the coal stocks the rails all rollover and close near their lows this week a sign that the bear is about to maul the big winners and they will do it in a big way. IMHO of course and i'm long DUG hoping i'm right.
Joe, are you considering swapping DUG into SZO or DTO? I'm thinking of doing that, as the major intergrated oils have dramatically underperformed USO, and you now have a pure commodity play.
ReplyDeleteHigher ECB Rates=Higher Relative Purchasing Strength of the Euro=Greater European Demand for Commodities=Higher Commodity Prices=Sell-off in Minerals and Energy?
ReplyDeleteWhat the heck is going on???
I am convinced that the majority of "investors" buying MLP's have absolutely no clue what they are.
ReplyDeleteMr. Pipes
CEP has gone from 23 to 19 in about 10 days. A 20% loss on no news, while natural gas prices have continued to rise.
ReplyDeleteHEP down 3% on 2700 shares. Give me a break. This market is a complete fraud.
ReplyDeleteThis is no longer a functioning market, its a casino. Fundamentals mean nothing, value means nothing, yield means nothing, growth means nothing.
ReplyDeleteGlory!
This is just a complete and utter fraud. Look at this price action. Someone is artifically pushing these things lower. there is no volume. This is blind manipulation.
ReplyDeleteI bought QELP, CEP, BPL and ETE today. Things cannot be as bad as the prices and yield reflect.
ReplyDeleteMr. Pipes
Let me get this straight: Crude oil is storming higher and BBEP, LINE, and the E&P's are all down 3% or more today??? What the hell?!?!?!
ReplyDeleteliquid MLPs are a source of cash right now. Thats why AHD is the better bet
ReplyDeleteJust a total panic in CEP this morning...I bought some more.
ReplyDeleteFed Up
Its official we are never using hydrocarbons again! Sell all your E&P's today ahead of the long weekend and a shortened trading day.
ReplyDeleteQELP -6%
ReplyDeleteThis market is a joke. Everyone NEEDS to sell ahead of a long weekend.
Natural gas is up today and QELP is a natural gas producer isn't it???
AMZ only down 4 points today. What a frickin disaster...
ReplyDeleteHow is it that every single ANALyst has gotten the MLP call wrong? There is not one ANALyst that predicted a down move in the sector. The target prices set by some of these guys is laughable.
ReplyDeleteHere are a few from Citi just for laughs
Ticker Target
BPL $55.00
MMP $48.00
PAA $62.00
NS $66.00
ETP $68.00
APL $49.00
I think the Citi price targets are for fiscal 2008. It ain't over 'til the fat lady sings.
ReplyDeleteboys boys relax
ReplyDeletethis is dreiser139
leh brothers sold 3.5million today of line.
they are one of the largest holders of eandp mlps.
even my beloved bte was swamped these last 2days.dmlp sold off 6points in a week
these r institutional sales going into cash.where institutions placing there bets who cares.
if u r a mlp or commodity fan u r where u want to be.
only big negative i see is possible tinkering with tax code after dems get in and mlps tax advantages taken away.
then all bets off this beloved group falls like a stone.
have a great 4th everyone especially u joe.
by the way big brown may be just one juiced up nag.just one mans opinion.
next race may finally answer that question.his trainer very suspect
dreiser139
I don't blame the analysts..there's not much anyone can do when fundamentals take a back sit to low liquidity and technical factors. Although I do think some of their price targets are a little aggressive given todays environment. You have to remember that last year many hedge funds were overlevered. With the massive tightening in the credit markets and deleveraging of these firms, there just isn't as much capital in the sector as there used to be last year. Its a tough argument to say MLPs will revert back to levels in mid-2007..at least not this year
ReplyDeleteThanks for pointing out SZO and DTO to me. I still like the dugs because i like the leverage of the double short and the volitility which i can trade with ease. If you know if there is a short crude etf let me know.
ReplyDeleteIf you have been builing a DUG position in here its been better than trying to pick the crude oil top. DUGS have moved sideways these last few weeks.If we have another 500 or 1000 dow points down in here then you can bet everything goes down including Exxon and Chevron among other integrated oils. I think the action late this week where we saw the AG stocks the coal stocks the rails all rollover and close near their lows this week a sign that the bear is about to maul the big winners and they will do it in a big way. IMHO of course and i'm long DUG hoping i'm right.