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DOW RECORD? SPARE US! AND MLPS HEADING HIGHER.
Posted on 09/29/2006 10:11 AM | Link | Post Comment
just want to start off this morning with this absolutely seemingly endless dow record high close coverage. CNBC PLEASE.....STOP IT ALREADY! Okay...i've said it.
Now to the business of MLPS which are up slightly this morning at the open. The index is up 9 cents and they seem to be holding their own. Copano (CPNO) is up another 50 cents and back to the 53 level. Crosstex LP (XTEX) is also up 50 cents this morning. Volume on each one is not that impressive. No news and no upgrades or downgrades this morning.
Its the last day of the quarter and there's always nonsense especially in the last 30 minutes. I've noticed alot of shares getting moved around in a few MLPS this week and i would not be surprised to see a spike rally in a few of these issues late in the day. The question is which MLPS? I'll post more later and try and come up with some ideas.
Now to the business of MLPS which are up slightly this morning at the open. The index is up 9 cents and they seem to be holding their own. Copano (CPNO) is up another 50 cents and back to the 53 level. Crosstex LP (XTEX) is also up 50 cents this morning. Volume on each one is not that impressive. No news and no upgrades or downgrades this morning.
Its the last day of the quarter and there's always nonsense especially in the last 30 minutes. I've noticed alot of shares getting moved around in a few MLPS this week and i would not be surprised to see a spike rally in a few of these issues late in the day. The question is which MLPS? I'll post more later and try and come up with some ideas.
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