Breitburn Energy Partners LP fka BBEPQ

[Santa Barbara Broker]

I appreciate what you are saying, but an investor can't invest based on whether or not they like or dislike what they are reading. Right now without a tremendous amount of effort I could search the internet and find you 2-3 stories from the likes of bottom feeding scum analysts at Goldman Sachs that would scare you out of buying any stock. Then I could turn around and using the stocks Goldman Sachs think are teetering on bankruptcy, find just as many stories promoting the same companies as future ten baggers. What you read for free on the internet and even the information you pay for, especially from the clueless moron boy-apprentice analysts at GS or JPM is largely useless. It is always biased, most always issued for the sole purpose of moving a stock in a favorable direction for the company issuing it and largely based on a story inflated and fleshed out from a single negative or positive item of news. In a sentence, investing on anything besides your own due diligence in these markets (at least since 1995) is a proven and guaranteed way to lose money.

Now, would I go around posting negative info about BBEP if I wanted to buy in cheaper? No. Why? Because I have reliable, intelligent, experienced sources who invest and examine companies using the same methods I do...but they wouldn't remain my sources very long if I started acting like the idiot boy analysts that caused us all to rely solely on our own research in the first place. Investing isn't for the roulette player or the wanna-be day traders or the wishful thinkers or the habitual internet board dwellers. You can't make money in these modern markets without patience, a tremendous amount of research and hard work and a plan. The alternative to that is losing money. Period. I make money investing about 65-70% of the time which I consider a phenominal achievement considering I lost money at least that often when I first started out in 1980. The only difference between then and now is that now I do all my own research and avoid any decision based on an influence from a source anyone could access. I do so because a source that anyone could access is being displayed to millions if not billions of eyes. And there can only be one single reason to put a 'money making guarantee' in front of that many eyes for free...you are looking to manipulate a stock price...period, end of argument.

BBEP could be hiding information right now that no analyst from even the largest, most well connected Wall Street firm could ferret out. If any of the people involved with running this company are there for purposes other than improving the bottom line for shareholders, you have to make finding that out your first priority and I always do. Otherwise, every other piece of information you get about BBEP will likely be worthless because it could be coming from a bunch of con men. This is almost always the case on the pink sheets which is why I avoid those companies as anything besides an exercise in educating others and exposing the con artists involved there. But chicanery can and does occur on the legit markets...witness World Com, Enron and Tyco. Almost none of these wanna-be WS wunder-boy-brokers bother with management research any longer. They are just looking to hedge their clients into positions they can illegally manipulate so they can earn huge B&S commissions. The woefully understaffed and over worked SEC can't begin to catch even 1% of the most blatant scammers and every stock scamming artist knows that. So, at any given moment, 99.9% of the info you are reading is likely geared in that direction. Develop your own network of researchers you trust, develop your own plan to utilize that info and ignore most of what you read on internet...whether you 'like' it or not.