Well I guess the big traders like to move it up and down so
they can make more money. Even MMP was up $3 and
lost the whole thing and went back up almost $2.
AMLP did end up close to the high. I like the way USO
closed at the high of the day.
I think oil will be up on Monday !!
MMP is probably a great stock, but no matter how good
they are any news and it can drop. I feel safer being in
a basket of MLPs than a single one.
I bought AMLP watched it go to 10.09 and I can't believe I didn't take a
$700. gain!!!! Then it went down over .50 cents and all my gains disappeared!!
Now I guess I'll wait for it to go back to 10.00 again??
MMP traded almost exactly the same!!
Well now I know and I'll keep that in mind when trading!!
It's so sickening though !! I could have sold and bought back lower than the first
One expert said to short the SPY and be long oil. but they seem to go together ,and most
experts say it's an oversold bounce and then lower!! Nobody knows!!
I think Jim Rogers? is short the SPY and long Russia ? RSX has gone straight down and
he said he made money in Russia???
I was looking at the chart of MMP, MMLP, KMI and AMLP and trying to figure which one to buy
today.The later three have been down the most, so I guess that's why traders thought they'd
have more upside. I'll probably buy one of them, but not sure yet. MMP and AMLP seem like the safest.
I'm just worried that oil and the markets could drop again on Monday.
Sentiment: Strong Buy
I'm not in this but I bought MMP today under 57, so I hope it goes back to 60.00 tomorrow,
if the oil bounces a little.
The SPY was at 188.25 7:15 on Fri. Now it's 191. Why is it showing minus I/2 % and in the red?
And SH is in the green , but lower? Is it an adjustment from Monday?
I trade the water stocks on and off. I was in AWR recently . I got scared when they downgraded it one day,
but after the drop from 44 to 40, it didn't drop anymore. I think I might trade it again tomorrow, plus
WTR. I have to see the movie .
Why did it drop 2.00 from high. Just normal trading? I was in this yesterday , but was afraid to get back in
after my gain. I'm in AMLP now.