Well you can't say i did not warn you...Copano looks like it broke out of its handle base here and if its confirmed tomorrow in higher volume we could see 50 in this one shortly. Fingers crossed for all those that are long. Copano is presenting at the Lehman Conference on High Yield which begins tomorrow. Perhaps there is anticipation the company might say something positive. The chart pattern above to me is extremely bullish. Crosstex (XTXI) had a similar pattern twice before and we've seen breakouts both times. The stock is currently forming another handle.

I was lucky this time in uploading the Copano chart but not so lucky with the Crosstex. Blogspot uploading issues. Just link here for the Crosstex chart and you'll see what i mean.

Martin Midstream earnings after the close and the numbers are skewed by the issue of new units last quarter. Not sure what to make of the DCF coverage of 1.10. Revenue numbers look good as they beat rev estimates even if the earning number was 7 cents under. I've learned that estimate misses in this group are not the most reliable indicator on how the stock trades the next day.