JP Energy Partners LP (JPEP)

[jugs]

Just got 800 units of JPEP at $7.99.

Will need to unload around a thousand units of SDLP to pay for it.

Bottom line results:

The payout differential is minimal for sure.

However, I'm effectively removing a lot more risk from SDLP. Is there risk in JPEP? Sure, but I view it as less likely to impact meaningfully. SDLP has been a target of the gloomsters for a long time now. While I'll still be holding 4,500 units of SDLP, I'll at least have taken substantial gains off the table while getting to reapply it towards a pick I'm expecting to run appreciable higher in the coming few days.

Am not seeing much room or regret here but anything can happen on Wall Street---especially when I hit a wall. lol

Looking over some index numbers I'm seeing the DOW is down 125.