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"If you buy a little when it's down and sell a little when it's up, you improve your basis and your profits."
OMG, someone that believes in buying when prices go down, not complaining about hedgies, shorties, Wall Street criminals; and sell when its up? Buy low, sell high works well for me.
I've got plenty of cash on hand to buy some KMR around 7% yield, but I may buy some KMP lower for a trade, to pay for an iPhone 5.
KMP/KMR/KMI all in my buy range now. 1-year expected returns all well above 10%. KMR and KMI better expected returns than KMP.