Good Friday Morning.
They loved the employment numbers as the futures have taken off this morning...and the 10 year is unchanged which is supportive.
Watch Martin Midstream Partners this morning. It raised its distribution yesterday to 61 cents a share so at $2.44 going foward so its priced to yield over 8% as of yesterday's close. Then they announced a 3 million share offering. Granted the distribution increase and the very recent MLP trends will be supportive. But thin traded nasdaq stocks tend to move quickly and if one is nimble enough you might be able to catch this in the 27s where the yield would be in the 9% range. But one has to be quick. I plan to ladder 3- 500 share orders at 27.95, 27.45 and 26.95 and play for a bounce. No guarantees from the management here.
No other news to speak of this morning so far.
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