MASTER LIMITED PARTNERSHIPS

Friday, August 05, 2005

Good morning. Blogging late this morning due to being at the gym early.

News this morning. SXL priced another couple of million shares at 39. Look for another stretch to work off the overhang.

Please watch the 10 year bond as the rate creeps up to 4.40% No alarm bells yet until 4.75-4.90 in my book but i think we should be watching this carefully.

Those of you look for logical entry points for XTEX or XTXI. Looks to me both the LP & the GP could trade down to their moving averages.

BPL is ex-dis today. So the run of MLPS will be mailing their checks to our accounts in the next few weeks.

1 comment:

joewxman said...: i like to use the 34 and 55 day moving averages (expotential) because they are fibonacci numbers and for some reason they seem to work for me. Remember XTXI's mvg average is increasing everyday so i would check every morning as to where it is if that is what your using at your buy point. If XTXI drops below 54 and XTEX in the low 39's i may back up the truck; 8/05/2005 3:51 PM