time on last blog should read 3:42pm not 1:42pm...my apologies.

News flash after the close as Plains All American is buying Andrews Petroleum. Details at the link provided.

By the way just a brief note. When stock houses announce coverage on a new issue...they can do it on the 25th trading day. The market figures it out and the stocks usually don't do much when the news hits. Thats why ETE was down today by a dime and showed no response to the coverage. Another day that is usually down is the 31st day of trading. Thats when most houses that participate in the ipo allow their customers to sell if they so choose. Schwab for example has this 30 day rule..if you sell before the 30 days then they may deny you offerings in the future. I guess its a way to prevent flipping...ala the late 90s.