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.
Tuesday, July 08, 2008
Heading for the 262.18 intraday low. They are just throwing mlps out the window at this point. The losers list is a mile long and many mlps are down 1 point or more.
WES -8%. I just bought some of that one...
ReplyDeleteTPP trading at it's 2003 price.
ReplyDeleteSpreads back to 2003 levels also...
ReplyDeleteLook at the bright side. MLP's are a coiled spring-when the selling subsides we should move higher with gusto.
ReplyDeleteNGLS, CPNO, KGS are all much better buys than WES.
ReplyDeleteLooking at the daily charts, it appears that a big seller came in at 10:30 this morning and just dumped MLP's wholesale.
ReplyDeleteIs it safe to crawl out of the MLP bunker?
Yesterday I picked up a 1/2 position in ETE and today a 1/2 postion in MGG.
ReplyDeleteNS is at a new 52 week low--and I am getting tempted...
Bruce Sherman
Oakland, Oregon
(long ETP,MWE,ETE,MGG)
NS is too cheap now but I can add quite a few now to the list that are too cheap.
ReplyDelete