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 24, 2008
More reasons to drive prices lower. Targa Resources (NGLS) boosts its distribution by 23%. Sorry for missing this yesterday but sometimes stuff falls through the cracks.
Just tons of sellers on every uptick, piece of good news, distribution increase, upgrade etc. No matter what the news is, there are plenty of guys willing to sell...
When you purchase an MLP you need to be aware of the fact that you only participate in the markets downside. It can be any market: crude, natural gas, stocks, bonds, even pork bellies. If any market anywhere on earth goes down, MLPs will go down. Conversely if any of those markets go up, MLPs will still go down. So by purchasing an MLP you are 100% guaranteed to lose money.
Barring some sort of miracle i think that 262 level gets taken out and we go back to the mid 250s. Thats the point and figure chart target so why not let it be right for once.
i'm going out for awhile instead of watching this doom
Just tons of sellers on every uptick, piece of good news, distribution increase, upgrade etc. No matter what the news is, there are plenty of guys willing to sell...
ReplyDeleteWell that was nice, MLP's managed to rally for 30 seconds this morning.
ReplyDeleteNow back to our regularly scheduled programming.
BGH just cannot come up for air.
ReplyDeleteLehman still selling?
When you purchase an MLP you need to be aware of the fact that you only participate in the markets downside. It can be any market: crude, natural gas, stocks, bonds, even pork bellies. If any market anywhere on earth goes down, MLPs will go down. Conversely if any of those markets go up, MLPs will still go down. So by purchasing an MLP you are 100% guaranteed to lose money.
ReplyDeleteAre you guys trying to make me laugh ? It's working.
ReplyDeleteyou can only laugh when it gets like this! And that market view of mlps going down with pork bellies was hilarious!
ReplyDeleteBarring some sort of miracle i think that 262 level gets taken out and we go back to the mid 250s. Thats the point and figure chart target so why not let it be right for once.
ReplyDeletei'm going out for awhile instead of watching this doom