The downgrades are impacting the losers today obviously...strangely Crosstex LP traded down nearly 2 points and then rallied back to actually being up on the day...right now its down 61 cents which is well off its low. Crosstex (XTXI) also off its low but it is down 3. Trading is active in both with wide price swings so far. EPE on the sell rating is down 67 cents. Magellan Holdings is down 10 cents as coverage begins there by Duetche Bank with a hold.

Meanwhile most MLPS doing well this morning. Magellan Midstream Partners (MMP) is up 80 cents...no news there..Amerigas, Sunoco Logsitcs, and Kinder Morgan (KMP) are up major fractions. A host of others are also on the upside.

Just another comment on the Markwest insider buy...it is the first open market purchase by a director since December of 2004 when the stock was trading at about the same price.

Back to the Crosstex's...I posted the charts above. XTEX looks better than XTXI for now. Its still a long day of trading ahead.
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