Sat, May 25, 2013, 6:29 PM EDT - U.S. Markets closed
Took a big jump on fri...Are we off to the races????...Or back to $23ish?..thoughts?
That's up to the Greeks and the EU. The EU is "planning to have a plan" and Greece is sliding towards anarchy. If Europe disappoints, weak stocks like NRGY will get killed.
the EU will indeed continue to kick the can down the road until the can is unrecognizable. Then Europe will blow up financially.
You might test $24 again but not right away. Too much upward movement in the general markets pulling this along. If one wants to get out, I'd look at approx. $26.75-$27.25 to exit and put your capital to work in a better MLP. NRGY is not likely to move above $27.00.