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Wednesday, November 12, 2008

MLPS down 10 points on the index at 192. Dow down 312.78. Looks like the beginnings of a retest in here as we head back to 7880 on the dow...790 on the S&P. 152 on the mlp index will come if we see a repeat of big declines in Kinder Morgan (KMP) which went to 35 or so...Nustar at 30...Oneok around 40. I think those issues might hold up better but everything else is either headed for new lows or will conintue to make new lows.

Citigroup (C) is now under 10 dollars. International Paper (IP) is at 11. US Steel is at 27 and change. Should have just bought Terra Nitrogen (TNH) which is somehow still over 100!

BTW take a look at Hiland Holdings (HPGP) which is trading now at 6 and change and is down nearly 2 points on 9000 shares of volume. Shows you what happens when you have no buyers at all.


1 comment:

Anonymous said...

XTEX only has 6 more points to go, to hit zero. XTXI has 5 to go.