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Tuesday, April 11, 2006

Computer issues this afternoon..hopefully this makes it.

Not a pretty day as most MLPS closed lower. Crosstex (XTXI) lost another 1.80 after losing 2 yesterday...still no news...volume only a bit higher than average. Also losing major fractions today, Magellan Midstream, Atlas Pipeline, Martin Midstream, Northern Borders, and a few others.

Only a few winners but Energy Transfer Partners (ETP) up another 1 on the conference call after yesterday's earnings...and Energy Transfer Equity turned higher in the last hour and closed up 30 cents.

There has been some questions asked about why ETE is not moving as much as ETP. I suggest the answer is partly due to the fact that its a recent IPO...,many are shy to move into something that hasn't been around long...and also it is still cannot be margined...you need 100% cash to buy it...that keeps some big players away. Bottom line is that in the long haul...it will eventually catch up imho.

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