I remember posting that I expected GEL to pass $40/unit later this year but had zero expectation that it would hit that mark so quickly. My wife informs me that a new car WILL be in her Christmas stocking.... so I want GEL to hold. Any higher and a better car in Santa's sled sez she! Best Regards
I am interpreting this move as a "tell" that they will beat on earnings. Logistics is the next big story in MLPs and those who got ahead of the logistics curve by buying GEL and PAA are watching these two stocks crack through 52 week and all time highs... this while PAA has gotten two downgrades to neutral in the last two week.
whats going on
me thinks to far to fast.
even though volume not high maybe some one accumulating gel.
i know its not on any large house radar screen.
and its no distribution play.
ordinarily when this happens i sell part of my position.
however here im just going to enjoy the ride.
i read there was a huge barge collision and spill on the mississippi.gel not involved.
maybe a etf or fund accumulating.
as a side note paa downgraded today and last i looked it is up .80 maybe all the logistics mlps moving.
enjoy the ride guy.