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Friday, February 03, 2006

Burned again this morning on Energy Transfer by 2 cents....now the stock is dropping so i'm holding...Crosstex is holding above the open..so far so good there but this illistrates how there are no guarantees doing this.

Energy Tranfers GP opened for trading at 23.00 now at 23.20 which is above the ipo price. Otherwise its softness and more x-distribution trading across the board. Pressure on the big oils as the XOI drops another 14 and well below 1100.

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