OT: KMI reported strong results and telegraphed KMP.
From the AP report after the close.
"Kinder Morgan Chairman and CEO Richard D. Kinder said the company benefited from good results from its El Paso Pipeline Partners and natural gas assets, which it acquired in 2012. It also saw a strong performance from Kinder Morgan Energy Partners LP. "
El Paso also reported strong earnings. This may turn into a good MLP season.
I have in mind a satisfactory and modest target. At that point I sell a portion.
For instance if epd hits 61.35 ten calendar days before x and the calls show good markup, I will sell 1/4-1/3 just to have a strong rear guard in the bank just in case the market turns before maturity.
Then I temper to what the chart shows, intuitively. But I keep selling all the way to the close on xd-1.
Last sept I sold too early on MTGE and missed 7k in profit if I had distributed out to the close. This way no matter how it plays out, you can always pat yourself on the back for hitting top dollar on one or two days.
I did not get into kmp or epd because they had risen so far and the market could hammer them. I got into qre, and cvrr and one more.
AGNC is looking tasty again. If it stays down until earnings, I'm in. Until then it is all mlp's.