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Enbridge Energy Partners, L.P. Message Board

  • sandyeggojake sandyeggojake Jan 24, 2013 1:51 PM Flag

    Sold half $EEP at $30.20 on the techncial break...

    Very ripe for a retrace to the $29 - $29.25 range. Lot of new buyers on the seaway news... they are about to get crushed for being late to the party. A cut below $30 will get slippery fast.

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    • You make no sense! A retrace to $29 - OK but no real reason except for thet MLPs are up huge since the fiscal cliff went away. The Seaway news was bad - so wouldn't that create sellers? Oh, sorry, the problem is already going away. And thinking that technicals matter very much in MLPs when 65% of the owners are individuals - seriously? Did you forget that trading MLPs except over the very very short term has extremely difficult tax consequences?

 
EEP
22.48-0.81(-3.48%)Jun 24 4:02 PMEDT