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Enterprise Products Partners L.P. Message Board

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  • arbtrdr arbtrdr Nov 12, 2012 1:09 PM Flag

    something is up

    weewillie- I would not be buying today. I would be waiting for the panic selling to stop. If I bought a month or two ago I would be holding. If I were a trader (I am not am think using MLPs to trade is crazy) I would have already sold.

    The real question is - is there ANY change whatsoever that suggests things are different with EPD going forward? Why are you talking about EPD when companies like INTC hits a 52 week low today. The market in general is down about 1000 points on the DOW in a couple weeks. It is not EPD - its share/unit price will come back over time - it is tax selling, fear over what Congress will do or not do, and tax selling to book profits.

    ARB

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    • weewillie08@sbcglobal.net weewillie08 Nov 12, 2012 7:37 PM Flag

      Arb, I'm just trying to get a clear understanding as to why the relative sharp drop in shareprice is occurring for EPD. In the case of INTC, a big drop in PC sales, which many are saying is becoming obsolete and AAPL's announcement they are considering dropping INTC chips for their Mac's in favor of making their own chips are the two main reasons for the drop in INTC shareprice. Its not clear to me why EPD share price has dropped over $5 in a matter of weeks. I've read no reports explaining this. That raises a red flag. I like the company and feel its oversold at this point. $49 or so entry should be nice. As long as there is not something negative happening that I don't know about. I'm not going to take that kind of risk. But if its just mimicing the Market, then $49 would be a very nice entry point for the excellent dividends. Just saying. It's no fun getting burned. I've had that happen before.

 
EPD
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