I sold LINE when it moved up over $22. Took the money and bought ENP which was a better relative value at the time. $20 is my buy back in price for LINE. ENP is a much better buy than LINE based on closing prices 8/28. When ENP goes under $15 I buy more.
Aren't there some strange tax consequences for trading in and out of MLP's like that? Is your tax liability a prorated portion of the dividend based on how many days you owned it during the quarter regardless of whether you actually received the dividend?