Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : Value Investing -- Ignore unavailable to you. Want to Upgrade?

To: Spekulatius who wrote (31973)	9/13/2008 1:53:22 AM
From: Spekulatius	Respond to of 78753

UHR.VX (228 CHF),ETE, CPNO (26.53$), WMB Purchased back my UHR.VX (Swatch) for 228 CHF. Crazy swings in the market here. ETE (my largest MLP holding - ouch!) is really getting hammered. no clue why today the MLP ETP was up 5% and the GP (ETE) down some. Makes no sense but I guess is that's how he market works sometimes. On a happier note I put some proceeds from a sale of MWE into CPNO. Both are similar G&P MLP's in the sense that they do not have a separate GP (general partner) and do not pay IDR's. CPNO's balance sheet is stronger than MWE's that why I bought it. Both are yielding 8%+ and are poised to grow distributions in the mid teens unless we see a total collapse of he NG midstream business. ETE I continue to hold I own to much to buy more. I'll probably will sell my highest cost units for a tax loss and reinvest in something similar. MLP's/ GP I own: ETE, WES, MGG, CPNO WMB hit my short term price target a day after I bought it (sold at 27.35$) LOL. Crazy market. Some market comment. AIG - never thought it would come down like this but when they got into the argument with their auditor I lost all confidence and sold my shares. LEH I consider toast. Who needs these Wall Street brokers anyways? And who needs the rating companies. They downgrade companies and justify this by increasing credit spreads and sinking stock prices? Holy smokes! They basically are saying that if everybody else thinks something is wrong there most be something to it and we need to downgrade as well. It appears to me that this is an implicit acknowledgment that their analyst have zero predictive power and no clue what is going to happen next. Enough ranting for tonight.