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.
Wednesday, June 10, 2009
Crosstex (XTXI) is up 25 cents and over 5 dollars in the premarket on the asset sale. Other uptics in scattered mlps in the pre market as well. Futures up 12 on the S&P.
This is a follow-up to Max's comment and Joe's reply from yesterday. I have purchased a couple of MLPs immediately after they announced new offerings and have been pleased with the results. As Joe noted, the price goes down a few percent upon the announcement, but tends to go back up within a week or two. Seems reasonable to me that the new money increases the likelihood future distributions will increase, or at least not decrease. JCarroll
This is a follow-up to Max's comment and Joe's reply from yesterday. I have purchased a couple of MLPs immediately after they announced new offerings and have been pleased with the results. As Joe noted, the price goes down a few percent upon the announcement, but tends to go back up within a week or two. Seems reasonable to me that the new money increases the likelihood future distributions will increase, or at least not decrease.
ReplyDeleteJCarroll